OFG BANCORP
For the period ended Jun 30, 2024. Filed Aug 7, 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.
Jun 30, 2024 · Filed Aug 7, 2024
OFG$51.18+0.0%Stored close · as of Nov 10, 2026
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Unaudited Consolidated Statements of Comprehensive Income
| Quarter Ended June 30, | Six-Month Period Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (In thousands) | ||||
| Net income | $51,131 | $44,173 | $100,823 | $90,402 |
| Other comprehensive (loss) income before tax: | ||||
| Unrealized (loss) gain on securities available-for-sale | (5,763) | (14,342) | (23,320) | 3,583 |
| Realized loss on sale of securities available-for-sale | — | 1,149 | 7 | 1,149 |
| Unrealized loss on cash flow hedges | — | (155) | — | (286) |
| Other comprehensive (loss) income before taxes | (5,763) | (13,348) | (23,313) | 4,446 |
| Income tax effect | 1,000 | 2,124 | 3,832 | (601) |
| Other comprehensive (loss) income after taxes | (4,763) | (11,224) | (19,481) | 3,845 |
| Comprehensive income | $46,368 | $32,949 | $81,342 | $94,247 |
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