OFG BANCORP
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 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 September 30, | Nine-Month Period Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (In thousands) | ||||
| Net income | $47,000 | $44,873 | $147,823 | $135,275 |
| Other comprehensive income (loss) before tax: | ||||
| Unrealized gain (loss) on securities available-for-sale | 64,330 | (45,176) | 41,010 | (41,593) |
| Realized loss on sale of securities available-for-sale | — | — | 7 | 1,149 |
| Unrealized loss on cash flow hedges | — | (120) | — | (406) |
| Other comprehensive income (loss) before taxes | 64,330 | (45,296) | 41,017 | (40,850) |
| Income tax effect | (10,826) | 7,183 | (6,994) | 6,582 |
| Other comprehensive income (loss) after taxes | 53,504 | (38,113) | 34,023 | (34,268) |
| Comprehensive income | $100,504 | $6,760 | $181,846 | $101,007 |
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