<a href="https://laohu8.com/S/OFG">OFG Bancorp</a> reports 16% rise in earnings per share and 5.6% increase in total core revenues for Q3 2025
OFG Bancorp reported a 16.0% year-over-year increase in earnings per share for the quarter ended September 30, 2025, alongside a 5.6% rise in total core revenues. Loan and core deposit balances also grew year-over-year, with notable expansion in commercial loans and a moderation in auto loan originations. The company repurchased $20.4 million in common shares during the period. In the banking segment, net income before taxes declined from $106.4 million to $89.5 million, mainly due to a $23.3 million increase in provision for credit losses linked to higher loan balances and updated model assumptions. OFG's expected effective tax rate for 2025, excluding discrete items, is 23.1%. The company highlighted continued progress with its Digital First strategy, particularly increased adoption of its Libre and Elite accounts.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001030469-25-000051), on November 07, 2025, and is solely responsible for the information contained therein.
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