OFG Bancorp Q1 Net Income Rises

(RTTNews) - OFG Bancorp (OFG), the financial holding company for Oriental Bank, reported that its first quarter net income available to common stockholders increased to $49.7 million from $46.2 million, last year. EPS was $1.05 compared to $0.96. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.95, for the quarter. Analysts' estimates typically exclude special items. Total core revenues were $174.2 million compared to $164.4 million, a year ago. Analysts on average had estimated $151.92 million in revenue.

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