Ofg Bancorp Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 25, 2021 at 09:25 pm IST
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OFG Bancorp announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 98,738 compared to USD 79,209 a year ago. Net income was USD 23,301 compared to net loss of USD 991 a year ago. For the full year, net interest income was USD 408.432 million compared to USD 322.793 million a year ago. Net income was USD 74.327 million compared to USD 53.841 million a year ago.
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).