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Latest OFG News From Around the Web
Below are the latest news stories about Ofg Bancorp that investors may wish to consider to help them evaluate OFG as an investment opportunity.
In a round led by OFG Ventures a subsidiary of OFG Bancorp bank technology solution provider NYMBUS has secured $3 million in new funding. Our mission has remained steadfast to help financial institutions of any size succeed with impactful, intentional innovation, Nymbus CEO and Chairman Jeffery Kendall said. OFG Ventures investment is an Read more The post Banking-as-a-Service Innovator NYMBUS Secures $3 Million in New Funding appeared first on Finovate .
Nymbus, a leading provider of banking technology solutions, today announced a $3 million financing round led by OFG Ventures, LLC, a subsidiary of OFG Bancorp [NYSE: OFG].
MIAMI--(BUSINESS WIRE)--OFG Bancorp invests $3 million to further support significant demand for Nymbus unique financial services growth model.
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 50%, to $0.12 per common share from $0.08 per share, for the quarter ending September 30, 2021. The dividend is payable October 15, 2021, to holders of record at September 30, 2021, with an ex-dividend date of September 29, 2021. About OFG Bancorp Now in its 57th year in business, OFG Bancorp is a diversified financial holding company that opera
SAN JUAN, Puerto Rico, July 28, 2021--OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new stock repurchase authorization plan of $50.0 million as part of OFG’s capital actions thus far in 2021. The new stock repurchase program replaces and supersedes the previous stock repurchase program approved by the Board.
OFG Bancorp, the parent company for Oriental Bank, reported results for the second quarter ended June 30, 2021, that revealed diluted earnings per share of $0.78 compared to $0.56 in first quarter of 2021 and $0.39 in 2Q20. Total core revenues were $133.3 million compared to $127.7 million in first quarter of 2021 and $128.2 
Earnings results for OFG Bancorp , Analyst Opinion on OFG Bancorp , Earnings and Valuation of (NYSE:OFG), Stock market Insights & financial analysis, Best stock to invest, Investment Idea, The post Confused? Buy or Sell in volatile market Analyst report OFG Bancorp (NYSE:OFG) appeared first on .
One, Puerto Rico's economy is clearly benefiting from the massive amount of federal reconstruction funds now starting to be received, as well as COVID stimulus funds. Two, Puerto Rico has managed well the COVID pandemic and today vaccination levels are in the top quartile of US states and territories with 55% of the population fully vaccinated and 63% with at least one dose. All these continues to validate the comments I made last quarter regarding our optimism on Puerto Rico's economy and OFG's future.
OFG (OFG) delivered earnings and revenue surprises of 47.17% and 5.20%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?