OFG Bancorp (OFG) Projected to Announce Quarterly Earnings on Wednesday

Key Points

• OFG Bancorp is expected to report Q3 2026 results before market open on October 21. Analysts forecast earnings of $1.23 per share and revenue of $187.11 million.
• In the prior quarter, OFG reported $1.39 EPS and $190.28 million in revenue, exceeding analyst estimates of $1.17 EPS and $182.64 million in revenue.
• The company declared a quarterly dividend of $0.35 per share, equivalent to an annualized $1.40 payout and a 2.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $56.50.

OFG Bancorp (NYSE:OFG - Get Free Report) is expected to be announcing its Q3 2026 results before the market opens on Wednesday, October 21st. Analysts expect OFG Bancorp to post earnings of $1.23 per share and revenue of $187.11 million for the quarter. Individuals can find conference call details on the company's upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Wednesday, October 21, 2026 at 10:00 AM ET.

OFG Bancorp (NYSE:OFG - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.17 by $0.22. The company had revenue of $190.28 million for the quarter, compared to analysts' expectations of $182.64 million. OFG Bancorp had a return on equity of 15.92% and a net margin of 24.08%. During the same period last year, the firm posted $1.15 earnings per share. On average, analysts expect OFG Bancorp to post $5.05 EPS for the current fiscal year and $5.22 EPS for the next fiscal year.

OFG Bancorp Stock Performance

Shares of NYSE OFG opened at $50.90 on Wednesday. OFG Bancorp has a 52-week low of $35.71 and a 52-week high of $54.47. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm's 50-day moving average price is $52.09 and its 200-day moving average price is $48.54. The company has a market cap of $2.15 billion, a PE ratio of 10.02 and a beta of 0.73.

OFG Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, September 30th. OFG Bancorp's dividend payout ratio (DPR) is 27.56%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a "buy (b)" rating on shares of OFG Bancorp in a research note on Tuesday, October 6th. Wells Fargo & Company raised their price objective on shares of OFG Bancorp from $49.00 to $55.00 and gave the stock an "equal weight" rating in a report on Monday, August 10th. Piper Sandler set a $56.00 target price on shares of OFG Bancorp in a research report on Wednesday, July 22nd. Benchmark began coverage on shares of OFG Bancorp in a research report on Tuesday, July 14th. They set a "hold" rating for the company. Finally, Zacks Research cut shares of OFG Bancorp from a "strong-buy" rating to a "hold" rating in a report on Monday, September 21st. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, OFG Bancorp has an average rating of "Hold" and a consensus price target of $56.50.

Insider Transactions at OFG Bancorp

In related news, CFO Maritza Arizmendi sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $53.35, for a total transaction of $533,500.00. Following the completion of the transaction, the chief financial officer directly owned 56,684 shares in the company, valued at approximately $3,024,091.40. The trade was a 15.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Néstor de Jesús sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $53.00, for a total value of $212,000.00. Following the transaction, the director owned 20,040 shares of the company's stock, valued at approximately $1,062,120. This trade represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 66,352 shares of company stock valued at $3,491,362 over the last quarter. 1.23% of the stock is currently owned by company insiders.

OFG Bancorp Company Profile

OFG Bancorp is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal subsidiary, Oriental Bank, the company provides a range of banking and financial services to individuals, businesses and government entities.

Oriental Bank offers consumer and commercial deposit accounts, residential and commercial mortgages, consumer loans, business lending, credit cards and other financing products. The company also provides wealth management, trust, brokerage and insurance-related services through its affiliated businesses.

OFG Bancorp primarily serves customers in Puerto Rico and the U.S.

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