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OFG Bancorp Posts 4Q Loss of $977,000

By on February 1, 2016

SAN JUAN –  Oriental Bank’s holding company, OFG Bancorp, reported Monday a fourth-quarter loss of $977,000, after reporting a profit in the same period a year earlier.

The bank, based in San Juan, said it had a loss of 10 cents per share.

The financial holding company posted revenue of $89.9 million in the period.

OFG shares have dropped 23 percent since the beginning of the year. The stock has dropped 65 percent in the last 12 months.

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