OFG BANCORP
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
OFG$51.18+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Changes in Stockholders’ Equity
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES
IN STOCKHOLDERS’ EQUITY
| Quarter Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| Common stock: | ||
| Balance at the beginning and end of period | 59,885 | 59,885 |
| Additional paid-in capital: | ||
| Balance at beginning of period | 638,667 | 636,793 |
| Stock-based compensation expense | 1,165 | 965 |
| Lapsed restricted stock units | (3,624) | (2,973) |
| Balance at end of period | 636,208 | 634,785 |
| Legal surplus: | ||
| Balance at beginning of period | 150,967 | 133,901 |
| Transfer from retained earnings | 4,765 | 4,432 |
| Balance at end of period | 155,732 | 138,333 |
| Retained earnings: | ||
| Balance at beginning of period | 639,324 | 516,371 |
| Net income | 49,692 | 46,229 |
| Cash dividends declared on common stock[1] | (11,796) | (10,527) |
| Transfer to legal surplus | (4,765) | (4,432) |
| Balance at end of period | 672,455 | 547,641 |
| Treasury stock: | ||
| Balance at beginning of period | (228,350) | (211,135) |
| Stocks repurchased | — | (2,894) |
| Lapsed restricted stock units and options | 1,454 | 1,235 |
| Balance at end of period | (226,896) | (212,794) |
| Accumulated other comprehensive loss, net of tax: | ||
| Balance at beginning of period | (67,013) | (93,409) |
| Other comprehensive (loss) gain, net of tax | (14,718) | 15,069 |
| Balance at end of period | (81,731) | (78,340) |
| Total stockholders’ equity | $1,215,653 | $1,089,510 |
[1] Dividends declared per common share during the quarter ended March 31, 2024 - $0.25 (March 31, 2023 - $0.22).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.