OFG Bancorp (OFG) This fall 2024 Earnings Name Transcript

OFG Bancorp (NYSE:OFG) This fall 2024 Earnings Convention Name January 22, 2025 10:00 AM ET

Firm Contributors

Jose Rafael Fernandez – Chairman and Chief Govt Officer
Maritza Arizmendi Diaz – Chief Monetary Officer
Cesar Ortiz Marcano – Chief Danger Officer

Convention Name Contributors

Kelly Motta – KBW
Ynyra Bohan – Hovde Group
Timur Braziler – Wells Fargo

Operator

Good morning. Thanks for becoming a member of OFG Bancorp’s Convention Name. My identify is Madison, I can be your operator at this time. Our audio system are Jose Rafael Fernandez, Chief Govt Officer and Chairman of the Board of Administrators; Maritza Arizmendi, Chief Monetary Officer; and Cesar Ortiz, Chief Danger Officer.

A presentation accompanies at this time’s remarks. It may be discovered on the homepage of the OFG web site underneath the fourth quarter 2024 part. This name could function sure forward-looking statements about administration’s objectives, plans and expectations. These statements are topic to dangers and uncertainties outlined within the Danger Components part of OFG’s SEC filings. Precise outcomes could differ materially from these presently anticipated. We disclaim any obligation to replace data disclosed on this name on account of developments that happen afterwards.

All strains have been positioned on mute to stop background noise. After the audio system’ remarks, there can be a question-and-answer session. Directions can be given at the moment.

I’d now like to show the decision over to Mr. Fernandez.

Jose Rafael Fernandez

Good morning, and thanks for becoming a member of us. We’re happy to report our fourth quarter and 2024 outcomes. It was one other excellent quarter and yr of efficiency.

Trying on the quarter, earnings per share have been up 11.2% year-over-year on a 3.6% improve in complete core revenues. We confirmed constant operational development on our plans, together with our Digital First technique. We steadily grew our banking market share. Digital adoption of our new and upgraded merchandise, providers and self-service instruments retains