New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 14, 2014
04:55 EDTOFG, OFG, OFG, OFGOFG Bancorp management to meet with Sterne Agee
Meetings to be held in Texas on August 18, in Kansas City on August 19 and in the Midwest on August 20 hosted by Sterne Agee.
News For OFG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 24, 2015
07:31 EDTOFGOFG Bancorp reports Q1 EPS 21c ex-items, consensus 21c
Net charge offs declined slightly to $8.6M as the company continued to adjust its collection efforts to evolving credit trends. The quarter was adversely affected by: $24.0 million provision related to placing on non-accrual status a 7.5%, $200 million participation in a fuel purchase line of credit with the Puerto Rico Electric Power Authority, a government utility. $7.9 million less in loan interest income, primarily due to lower acquired balances and yields. This includes a $1.7 million decline from fewer days and lower cost recoveries 1Q15 versus 4Q14. $4.8 million in provisions for covered loans, increasing the allowance to $70.7 million. The commercial loss share coverage with the FDIC is coming to an end on June 30, 2015.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use