SAN JUAN, Puerto Rico (AP) — SAN JUAN, Puerto Rico (AP) — OFG Bancorp (OFG) on Thursday reported net income of $55.9 million in its fourth quarter.

The San Juan, Puerto Rico-based bank said it had earnings of $1.27 per share.

The financial holding company posted revenue of $229.8 million in the period. Its revenue net of interest expense was $185.4 million, exceeding Street forecasts.

For the year, the company reported profit of $205.1 million, or $4.58 per share. Revenue was reported as $729.8 million.

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