AP NEWS

OFG: 4Q Earnings Snapshot

January 29, 2020 GMT

SAN JUAN, Puerto Rico (AP) _ OFG Bancorp (OFG) on Wednesday reported a fourth-quarter loss of $643,000, after reporting a profit in the same period a year earlier.

The bank, based in San Juan, Puerto Rico, said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs, came to 17 cents per share.

The financial holding company posted revenue of $110.9 million in the period. Its revenue net of interest expense was $98.9 million, which topped Street forecasts.

For the year, the company reported profit of $54.2 million, or 92 cents per share. Revenue was reported as $405.3 million.

OFG shares have declined 14% since the beginning of the year. The stock has increased roughly 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OFG at https://www.zacks.com/ap/OFG