OFG Bancorp earnings on deck as profit momentum faces test

OFG Bancorp (NYSE: OFG) reported Q2 diluted EPS of $1.39, up from $1.15 a year earlier, and said results beat analyst expectations. Core revenues rose 4.5% to $190.3 million, net interest margin was 5.45%, and operating income increased. Shares hit a one-year high after the report.

OFG Bancorp (NYSE:OFG) reported Q2 earnings call highlights. Total interest expense fell $0.5 million to $40 million, while banking and financial service revenues rose $1 million to $33 million. The company raised its 2H 2026 net interest margin outlook to 5.25% to 5.35%. Loan and deposit balances grew, credit metrics improved after loan sales, and it reiterated low single-digit loan growth and $380 million to $385 million expense guidance.

OFG BANCORP (OFG) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99 2 ofg-20262qexx99.htm EX-99 Document Exhibit 99 OFG Bancorp Reports 2Q26 Results SAN JUAN, Puerto Rico, July 21, 2026 – OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the second quarter ended June 30, 2026. EPS diluted o

Western Alliance Bancorporation (WAL) reported Q3 earnings with deposit optimization driving margin expansion. Deposit costs fell $14M, contributing to a 10-basis-point increase in adjusted net interest margin. Total deposits were $81.8B, with commercial banking deposits rising to 34% of total. Earnings per share increased 7.5% YoY to $2.45. Management expects deposit costs to decline further but anticipates a seasonal NIM headwind.

Grupo Aeroportuario Del Pacifico (PAC) maintained its 2026 passenger-traffic guidance and expects mid-single-digit growth in 2027. Q3 revenue rose, with aeronautical services up 2.6% and non-aeronautical revenue up 37%, driven by CBX consolidation. Management expects CBX's long-term EBITDA margin to be 72%-73%. The company invested MXN 8.6 billion in infrastructure and plans a 7% tariff increase in January. A MXN 20.80-per-share dividend is pending.

GE Aerospace reported a 49% surge in Q3 2026 orders, raising guidance. CEO Larry Culp highlighted strong services growth expectations for 2027, citing a $170B backlog and operational improvements. Challenges include supply chain issues, lower CFM56 retirement rates, and GE9X certification delays. Inflation and pricing pressures persist. CFO Rahul Ghai noted strong widebody demand and a 23% YoY increase in CES orders, with delinquency rising slightly.