OFG Bancorp (OFG) Files 10-K for the Fiscal Year Ended on December 31, 2018

OFG Bancorp (OFG, Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. OFG Bancorp through its subsidiaries provides commercial, consumer and mortgage lending, leasing, auto loans, financial planning, insurance sales, money management and investment banking, and corporate and individual trust services. OFG Bancorp has a market cap of $1 billion; its shares were traded at around $19.50 with a P/E ratio of 12.79 and P/S ratio of 2.90. The dividend yield of OFG Bancorp stocks is 1.29%.

For the last quarter OFG Bancorp reported a revenue of $102.6 million, compared with the revenue of $52.28 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $382.4 million, an increase of 10.9% from last year. For the last five years OFG Bancorp had an average revenue decline of 3.4% a year.

The reported diluted earnings per share was $1.52 for the year, an increase of 72.7% from previous year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, OFG Bancorp has the cash and cash equivalents of $450.1 million, compared with $485.2 million in the previous year. The long term debt was $114.9 million, compared with $135.9 million in the previous year. OFG Bancorp has a financial strength rank of 4 (out of 10).

At the current stock price of $19.50, OFG Bancorp is traded at 36.2% premium to its historical median P/S valuation band of $14.32. The P/S ratio of the stock is 2.90, while the historical median P/S ratio is 2.10. The stock gained 70.47% during the past 12 months.

For the complete 20-year historical financial data of OFG, click here.