CORRECTING and REPLACING OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

CORRECTION…by OFG Bancorp

SAN JUAN, Puerto Rico--()--The ex-dividend date at the end of the first paragraph should read: December 29, 2015 (instead of: January 13, 2016).

The corrected release reads:

OFG BANCORP DECLARES REGULAR QUARTERLY COMMON STOCK CASH DIVIDEND

OFG Bancorp (NYSE:OFG) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.06 per share on its common stock for the fourth quarter ending December 31, 2015. The dividend is payable on January 15, 2016, to holders of record on December 31, 2015 with an ex-dividend date of December 29, 2015.

“The decision of the Board to reduce the quarterly dividend from $0.10 per common share paid previously is in line with the normal range of yields in the industry,” said José Rafael Fernández, President, Chief Executive Officer, and Vice Chairman. “Our regulatory capital ratios are significantly above requirements for a well-capitalized institution. Our Board will continue to review the quarterly cash dividend on an annual basis.”

About OFG Bancorp

Now in its 51st year in business, OFG Bancorp is a diversified financial holding company that operates under U.S. and Puerto Rico banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a full range of commercial, consumer and mortgage banking services, as well as financial planning, trust, insurance, investment brokerage and investment banking services, primarily in Puerto Rico, through 51 financial centers and 332 ATMs. Investor information can be found at www.ofgbancorp.com.

Contacts

Puerto Rico:
OFG Bancorp
Alexandra López, 787-522-6970
allopez@ofgbancorp.com
or
US:
Anreder & Company
Steven Anreder, 212-532-3232
steven.anreder@anreder.com
or
Gary Fishman, 212-532-3232
gary.fishman@anreder.com

Contacts

Puerto Rico:
OFG Bancorp
Alexandra López, 787-522-6970
allopez@ofgbancorp.com
or
US:
Anreder & Company
Steven Anreder, 212-532-3232
steven.anreder@anreder.com
or
Gary Fishman, 212-532-3232
gary.fishman@anreder.com