OFG Bancorp Reports 2Q25 Results: EPS Up 6.5% YoY, Core Revenues Increase 1.5%

Reuters
07-17
<a href="https://laohu8.com/S/OFG">OFG Bancorp</a> Reports 2Q25 Results: EPS Up 6.5% YoY, Core Revenues Increase 1.5%

OFG Bancorp, the financial holding company for Oriental Bank, has reported its financial results for the second quarter ending June 30, 2025. The company achieved an earnings per share $(EPS)$ of $1.15, marking an increase from $1.00 in the first quarter of 2025 and $1.08 in the second quarter of 2024. Total core revenues rose to $182.2 million, up from $178.3 million in the previous quarter and $179.4 million in the same quarter last year. The company experienced a growth in loans held for investment, reaching $8.18 billion, compared to $7.85 billion in the first quarter of 2025 and $7.64 billion in the second quarter of 2024. This represents a 4.2% sequential increase and a 7.08% year-over-year increase, attributed to OFG's strategy of expanding commercial lending. New loan production also saw a significant rise to $783.7 million from $558.9 million in the first quarter and $589.0 million in the second quarter of the previous year, with increases observed across all lending channels in both Puerto Rico and the U.S. The total non-interest expense for the quarter was $94.8 million, slightly up from $93.5 million in the previous quarter and $93.0 million in the same quarter last year. The second quarter benefited from $1.4 million lower payroll taxes and foreclosed real estate costs compared to the first quarter. Income tax expense amounted to $14.1 million, with an effective tax rate of 21.37% for the quarter. CEO José Rafael Fernández highlighted the strong operating performance and stable economic conditions in Puerto Rico, contributing to the company's financial results for the quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OFG Bancorp published the original content used to generate this news brief via Business Wire (Ref. ID: 20250716077015) on July 17, 2025, and is solely responsible for the information contained therein.

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