NYSE:OFGBanks
Is Rising Net Charge-Offs and Steady Dividend Altering The Investment Case For OFG Bancorp (OFG)?
OFG Bancorp recently reported that unaudited consolidated net charge-offs for the second quarter of 2026 rose to US$28,791,000 from US$12,784,000 a year earlier, and it also affirmed a quarterly dividend of US$0.35 per share payable on October 15, 2026, with an ex-dividend and record date of September 30, 2026.
This combination of higher credit losses and continued cash returns to shareholders highlights the tension between maintaining asset quality and supporting income-focused...