OFG Bancorp (NYSE: OFG) Reports Q3 Earnings: Beat on EPS, Miss on Revenue

• OFG Bancorp (NYSE: OFG) reported strong third-quarter earnings per share of $1.33, exceeding analyst expectations.
• Despite the earnings beat, the company's revenue of $185.7 million fell slightly below estimates.
• Non-interest expense management and commercial loan growth were key drivers, with expenses decreasing by $6.6 million to $96 million.

OFG Bancorp (NYSE: OFG) is the stock of OFG Bancorp, a bank that provides lending and other banking services. Before the market opens on October 21, 2026, OFG Bancorp reports third-quarter earnings per share of $1.33, above the $1.23 estimate. Earnings per share measure profit divided by the number of shares.

Revenue is $185.7 million, below the $187.1 million estimate. A separate estimate covered by Zacks is $185.75 million, which is 1.11% below its consensus forecast. Zacks also reports an earnings estimate of $1.25 per share, rather than $1.23. The two sources use different estimates, but both show an earnings beat and a revenue miss.

Earnings per share rise from $1.16 a year earlier. Commercial loan growth, controlled expenses and stable credit performance support the quarter, as highlighted by MarketBeat. Non-interest expense, which includes operating costs outside interest paid on deposits and borrowing, falls $6.6 million from the prior quarter to $96 million.

Core revenue is $186 million, down $4.5 million from the prior quarter, as highlighted by MarketBeat. The prior quarter includes $4.1 million tied to commercial loans paid off early that does not recur. Lower mortgage banking revenue and the absence of annual insurance and annuity fees also weigh on revenue.

OFG Bancorp trades at about 10.2 times trailing earnings and 2.4 times trailing sales. These ratios compare its stock price with profit and revenue from the past 12 months. Its trailing earnings yield is approximately 10.2%, meaning those earnings equal about 10.2% of the stock’s price.