Ofg Bancorp Announces Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2019
January 29, 2020 at 07:38 pm IST
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OFG Bancorp announces consolidated earnings results for fourth quarter and full year ended Dec. 31, 2019. For the quarter, the company reported net interest income of $79,209,000, net loss of $643,000, compared to the net interest income of $82,035,000, net income of $24,744,000, for the same quarter a year ago.
For the year, the company reported net interest income of $322,793,000, net income of $54,189,000, compared to the net interest income of $315,894,000, net income of $84,410,000, for the previous year.
OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services. The Company provides these services through various subsidiaries, including a commercial bank, Oriental Bank; a securities broker-dealer, Oriental Financial Services Corp. (Oriental Financial Services); an insurance agency, Oriental Insurance, LLC (Oriental Insurance), and a retirement plan administrator, Oriental Pension Consultants, Inc. (OPC).
OFG BANCORP 
