OFG Earnings Prediction
The chart below shows how OFG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OFG sees a -3.02% change in stock price 10 days leading up to the earnings, and a +1.85% change 10 days following the report. On the earnings day itself, the stock moves by -0.58%. This data can give you a slight idea of what to expect for the next quarter's release.
OFG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
171.32M
0.92%
-2.82%
Gross Margin
--
--
--
Operating Margin
36.80%
-5.15%
-8.02%
Net Margin
27.43%
3.78%
-5.41%
EPS
1.00
5.26%
-7.41%
No Data Available
OFG Earnings Analysis
OFG Bancorp Corporation (OFG.N) Earnings Conference Call
Positive
Earnings Growth and Revenue Rise: Earnings per share increased by 5.3% year over year, supported by a 1.1% rise in total core revenues, reflecting consistent core operating results.
Asset Growth Performance: Total assets grew by 12% year over year, reaching $11.5 billion, indicating strong financial health and growth.
Investment Surge Analysis: Investments surged by 26% year over year to $2.6 billion, demonstrating effective capital allocation and investment strategy.
Digital Transaction Growth: Digital adoption metrics showed significant growth, with 95% of routine retail transactions conducted digitally, enhancing operational efficiency and customer engagement.
Tangible Book Value Increase: Tangible book value per share rose by 8% from the previous quarter to $26.15, reflecting improved earnings performance and increased value of investment securities.
Negative
Revenue Decline in Financial Services: Total banking and financial service revenues decreased by $5,800,000 from the 2nd quarter, primarily due to a $2,700,000 reduction in interchange fees and a $2,100,000 decrease in MSR valuation.
Core Deposits Decline: Average core deposits fell to $9,600,000,000, down slightly from the 2nd quarter, indicating a shift from demand deposits to time and savings deposits.
Rising Net Charge-Offs: Net charge-offs increased by $2,000,000 from the 2nd quarter, with auto net charge-offs rising to 1.64%, reflecting a concerning trend in credit quality.
Credit Loss Provision Increase: Provision for credit losses rose to $21,400,000, up $5,800,000 from the 2nd quarter, driven by increased loan volume and adjustments in risk factors.
Operational Efficiency Decline: The efficiency ratio increased to 52.6%, 79 basis points higher than the 2nd quarter, indicating a decline in operational efficiency.
OFG FAQs
How does OFG typically perform around its earnings report dates?
Is Earnings call transcript: OFG Bancorp's Q3 2024 earnings beat expectations positive or negative?
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OFG Earning Call Sentiment
Earnings call transcript: OFG Bancorp's Q3 2024 earnings beat expectations
OFG.N
-0.18%Positive
The earnings report showed mixed signals: EPS rose by 5.3% and total assets increased, but net charge-offs and credit loss provisions also rose, indicating credit quality concerns. The company's strong digital strategy and economic optimism in Puerto Rico are positives, but supply chain delays and unclear management responses about U.S. lending pipeline and Durbin amendment impact introduce uncertainties. The market cap suggests moderate reaction. Overall, the balance of positive and negative factors aligns with a neutral stock price movement.
