OFG Bancorp Q1 Earnings Call Highlights

Chief Financial Officer Maritza Arizmendi said core revenues were $186 million, approximately flat versus the fourth quarter. Total interest income was $194 million, down $3 million, reflecting lower average balances of cash and investment securities at lower yields, partially offset by higher average loan balances at higher yields. Arizmendi noted that first-quarter interest income included $3.3 million from a purchased credit deteriorated (PCD) loan paid in full. She also said the first quarter had two fe ...

OFG Bancorp Q1 Earnings Call Highlights - Reportify