Annual Income Statements for OFG Bancorp
This table shows OFG Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for OFG Bancorp
This table shows OFG Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
42 |
46 |
46 |
44 |
45 |
47 |
50 |
51 |
47 |
50 |
46 |
Consolidated Net Income / (Loss) |
|
42 |
46 |
46 |
44 |
45 |
47 |
50 |
51 |
47 |
50 |
46 |
Net Income / (Loss) Continuing Operations |
|
42 |
46 |
46 |
44 |
45 |
47 |
50 |
51 |
47 |
50 |
46 |
Total Pre-Tax Income |
|
63 |
68 |
65 |
66 |
66 |
68 |
68 |
71 |
62 |
53 |
59 |
Total Revenue |
|
157 |
169 |
165 |
170 |
172 |
182 |
174 |
180 |
175 |
183 |
179 |
Net Interest Income / (Expense) |
|
127 |
135 |
136 |
140 |
142 |
144 |
144 |
147 |
148 |
149 |
149 |
Total Interest Income |
|
135 |
146 |
149 |
158 |
166 |
176 |
183 |
188 |
189 |
190 |
189 |
Loans and Leases Interest Income |
|
116 |
125 |
128 |
136 |
142 |
149 |
150 |
154 |
154 |
155 |
153 |
Investment Securities Interest Income |
|
18 |
21 |
21 |
22 |
24 |
27 |
34 |
33 |
35 |
35 |
36 |
Total Interest Expense |
|
8.17 |
10 |
13 |
18 |
24 |
33 |
39 |
40 |
41 |
41 |
40 |
Deposits Interest Expense |
|
7.99 |
10 |
12 |
16 |
21 |
27 |
37 |
38 |
38 |
37 |
36 |
Long-Term Debt Interest Expense |
|
0.18 |
0.18 |
0.59 |
2.43 |
2.37 |
3.35 |
2.53 |
2.52 |
2.81 |
3.15 |
3.15 |
Federal Funds Purchased and Securities Sold Interest Expense |
|
0.00 |
- |
- |
- |
0.73 |
- |
- |
- |
0.00 |
- |
0.71 |
Total Non-Interest Income |
|
31 |
33 |
29 |
30 |
31 |
39 |
30 |
32 |
27 |
34 |
30 |
Other Service Charges |
|
22 |
25 |
22 |
23 |
23 |
29 |
22 |
24 |
18 |
23 |
21 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.00 |
- |
0.00 |
-1.15 |
0.00 |
- |
-0.01 |
0.00 |
0.00 |
- |
0.00 |
Other Non-Interest Income |
|
8.17 |
8.34 |
7.12 |
8.19 |
7.69 |
9.99 |
8.11 |
8.44 |
8.45 |
11 |
8.46 |
Provision for Credit Losses |
|
7.12 |
8.76 |
9.45 |
15 |
16 |
20 |
15 |
16 |
21 |
30 |
26 |
Total Non-Interest Expense |
|
87 |
92 |
90 |
89 |
90 |
94 |
91 |
93 |
92 |
100 |
93 |
Salaries and Employee Benefits |
|
35 |
38 |
38 |
38 |
38 |
41 |
40 |
38 |
38 |
43 |
40 |
Net Occupancy & Equipment Expense |
|
18 |
20 |
21 |
22 |
22 |
22 |
21 |
21 |
22 |
23 |
21 |
Marketing Expense |
|
1.93 |
2.43 |
2.04 |
2.06 |
2.21 |
2.44 |
2.38 |
2.45 |
2.47 |
2.42 |
2.62 |
Other Operating Expenses |
|
32 |
31 |
29 |
27 |
28 |
28 |
28 |
31 |
29 |
32 |
30 |
Income Tax Expense |
|
21 |
22 |
19 |
22 |
21 |
22 |
18 |
20 |
15 |
2.44 |
14 |
Basic Earnings per Share |
|
$0.88 |
$0.97 |
$0.97 |
$0.93 |
$0.95 |
$1.00 |
$1.06 |
$1.09 |
$1.01 |
$1.09 |
$1.01 |
Weighted Average Basic Shares Outstanding |
|
47.56M |
47.60M |
47.53M |
47.13M |
47.06M |
47.08M |
47.00M |
46.56M |
45.90M |
45.39M |
44.91M |
Diluted Earnings per Share |
|
$0.87 |
$0.97 |
$0.96 |
$0.93 |
$0.95 |
$0.99 |
$1.05 |
$1.08 |
$1.00 |
$1.10 |
$1.00 |
Weighted Average Diluted Shares Outstanding |
|
47.93M |
48.44M |
47.94M |
47.49M |
47.39M |
47.55M |
47.34M |
47.13M |
46.85M |
46.90M |
45.51M |
Weighted Average Basic & Diluted Shares Outstanding |
|
47.56M |
47.60M |
47.53M |
47.13M |
47.06M |
47.08M |
47.00M |
46.56M |
45.90M |
45.39M |
44.91M |
Cash Dividends to Common per Share |
|
$0.20 |
$0.20 |
$0.22 |
$0.22 |
$0.22 |
$0.22 |
$0.25 |
$0.25 |
$0.25 |
$0.25 |
$0.30 |
Annual Cash Flow Statements for OFG Bancorp
This table details how cash moves in and out of OFG Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-48 |
-37 |
-26 |
-25 |
-38 |
403 |
1,303 |
-132 |
-1,473 |
198 |
-157 |
Net Cash From Operating Activities |
|
175 |
97 |
79 |
151 |
133 |
110 |
35 |
100 |
164 |
296 |
253 |
Net Cash From Continuing Operating Activities |
|
175 |
97 |
79 |
152 |
133 |
110 |
35 |
100 |
164 |
296 |
253 |
Net Income / (Loss) Continuing Operations |
|
85 |
-2.50 |
59 |
53 |
84 |
54 |
74 |
146 |
166 |
182 |
198 |
Consolidated Net Income / (Loss) |
|
85 |
-2.50 |
59 |
53 |
84 |
54 |
74 |
146 |
166 |
182 |
198 |
Provision For Loan Losses |
|
61 |
162 |
65 |
113 |
- |
97 |
93 |
0.22 |
24 |
61 |
82 |
Depreciation Expense |
|
10 |
11 |
9.42 |
8.99 |
8.90 |
8.51 |
13 |
14 |
16 |
20 |
21 |
Amortization Expense |
|
25 |
21 |
14 |
-2.86 |
12 |
11 |
2.37 |
2.72 |
5.56 |
3.79 |
1.86 |
Non-Cash Adjustments to Reconcile Net Income |
|
19 |
-67 |
-65 |
-32 |
7.88 |
-41 |
-88 |
-80 |
-43 |
28 |
-15 |
Changes in Operating Assets and Liabilities, net |
|
-25 |
-28 |
-4.11 |
12 |
20 |
-19 |
-59 |
16 |
-4.21 |
0.71 |
-35 |
Net Cash From Investing Activities |
|
494 |
153 |
568 |
187 |
-489 |
842 |
758 |
-183 |
-1,513 |
-1,405 |
-336 |
Net Cash From Continuing Investing Activities |
|
560 |
153 |
568 |
187 |
-489 |
842 |
758 |
-183 |
-1,513 |
-1,405 |
-336 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-7.92 |
-5.28 |
-5.30 |
-6.47 |
-11 |
-13 |
-15 |
-23 |
-31 |
-18 |
-21 |
Purchase of Investment Securities |
|
-1,212 |
-1,304 |
-995 |
-1,016 |
-1,701 |
-1,219 |
-1,656 |
-2,454 |
-4,353 |
-4,707 |
-4,400 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.03 |
0.00 |
123 |
0.57 |
1.67 |
2.23 |
0.05 |
0.57 |
4.78 |
0.04 |
0.00 |
Sale and/or Maturity of Investments |
|
1,673 |
1,366 |
1,443 |
1,219 |
1,222 |
2,004 |
2,429 |
2,293 |
2,866 |
3,320 |
4,086 |
Net Cash From Financing Activities |
|
-783 |
-287 |
-673 |
-364 |
317 |
-549 |
510 |
-49 |
-125 |
1,307 |
-74 |
Net Cash From Continuing Financing Activities |
|
-783 |
-287 |
-673 |
-364 |
317 |
-549 |
510 |
-49 |
-125 |
1,307 |
-74 |
Net Change in Deposits |
|
-451 |
-198 |
-61 |
126 |
100 |
-265 |
736 |
153 |
6.91 |
1,195 |
-153 |
Issuance of Debt |
|
- |
- |
- |
- |
- |
- |
0.00 |
0.00 |
-35 |
0.00 |
0.00 |
Repayment of Debt |
|
- |
- |
- |
- |
- |
- |
-13 |
-39 |
-1.55 |
173 |
125 |
Repurchase of Common Equity |
|
-17 |
-8.95 |
- |
- |
0.00 |
0.00 |
-2.23 |
-50 |
-64 |
-19 |
-70 |
Payment of Dividends |
|
-28 |
-32 |
-24 |
-24 |
-25 |
-21 |
-21 |
-21 |
-30 |
-41 |
-46 |
Other Financing Activities, Net |
|
-286 |
-48 |
-588 |
-466 |
242 |
-263 |
-189 |
0.28 |
-0.91 |
-1.69 |
71 |
Cash Interest Paid |
|
82 |
68 |
56 |
41 |
41 |
41 |
56 |
35 |
27 |
80 |
157 |
Cash Income Taxes Paid |
|
7.11 |
14 |
10 |
0.03 |
18 |
39 |
6.26 |
2.79 |
5.13 |
15 |
40 |
Quarterly Cash Flow Statements for OFG Bancorp
This table details how cash moves in and out of OFG Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
-492 |
-265 |
297 |
-49 |
-266 |
215 |
6.22 |
-14 |
-60 |
-89 |
119 |
Net Cash From Operating Activities |
|
26 |
49 |
52 |
47 |
89 |
108 |
61 |
95 |
58 |
38 |
83 |
Net Cash From Continuing Operating Activities |
|
26 |
49 |
52 |
47 |
89 |
108 |
61 |
95 |
58 |
38 |
83 |
Net Income / (Loss) Continuing Operations |
|
42 |
46 |
46 |
44 |
45 |
47 |
50 |
51 |
47 |
50 |
46 |
Consolidated Net Income / (Loss) |
|
42 |
46 |
46 |
44 |
45 |
47 |
50 |
51 |
47 |
50 |
46 |
Provision For Loan Losses |
|
7.12 |
8.76 |
9.45 |
15 |
16 |
20 |
15 |
16 |
21 |
30 |
26 |
Depreciation Expense |
|
3.24 |
5.22 |
5.04 |
5.17 |
5.08 |
5.10 |
5.29 |
5.31 |
5.43 |
4.85 |
5.09 |
Amortization Expense |
|
2.50 |
-1.96 |
-0.12 |
0.70 |
2.59 |
0.62 |
-1.28 |
-0.27 |
1.74 |
1.67 |
0.91 |
Non-Cash Adjustments to Reconcile Net Income |
|
-12 |
-22 |
-6.83 |
-14 |
11 |
38 |
-3.87 |
16 |
12 |
-40 |
-20 |
Changes in Operating Assets and Liabilities, net |
|
-17 |
13 |
-1.57 |
-4.07 |
8.40 |
-2.05 |
-3.96 |
7.09 |
-30 |
-8.74 |
26 |
Net Cash From Investing Activities |
|
-374 |
-22 |
70 |
-46 |
-573 |
-856 |
164 |
-106 |
-187 |
-207 |
-97 |
Net Cash From Continuing Investing Activities |
|
-374 |
-22 |
70 |
-46 |
-573 |
-856 |
164 |
-106 |
-187 |
-207 |
-97 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-7.45 |
-6.17 |
-3.12 |
-4.54 |
-3.95 |
-6.25 |
-6.19 |
-4.72 |
-6.38 |
-4.06 |
-4.35 |
Purchase of Investment Securities |
|
-1,050 |
-887 |
-642 |
-1,220 |
-1,304 |
-1,542 |
-699 |
-1,312 |
-1,360 |
-1,030 |
-987 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.02 |
0.02 |
0.02 |
0.01 |
0.01 |
- |
0.00 |
- |
- |
- |
0.00 |
Sale and/or Maturity of Investments |
|
683 |
871 |
715 |
1,178 |
735 |
692 |
868 |
1,211 |
1,179 |
827 |
894 |
Net Cash From Financing Activities |
|
-144 |
-292 |
175 |
-50 |
218 |
964 |
-218 |
-3.06 |
69 |
79 |
134 |
Net Cash From Continuing Financing Activities |
|
-144 |
-292 |
175 |
-50 |
218 |
964 |
-218 |
-3.06 |
69 |
79 |
134 |
Net Change in Deposits |
|
-136 |
-283 |
-10 |
-25 |
5.14 |
1,225 |
-206 |
33 |
11 |
8.78 |
317 |
Repayment of Debt |
|
-0.39 |
-0.27 |
199 |
-0.62 |
74 |
-100 |
-0.00 |
- |
70 |
55 |
-70 |
Repurchase of Common Equity |
|
- |
- |
-2.89 |
-14 |
-2.19 |
- |
0.00 |
-24 |
-0.10 |
-46 |
-23 |
Payment of Dividends |
|
-7.18 |
-9.58 |
-9.57 |
-11 |
-10 |
-11 |
-10 |
-12 |
-12 |
-12 |
-11 |
Other Financing Activities, Net |
|
- |
0.00 |
-1.74 |
- |
151 |
-151 |
-2.17 |
-0.05 |
- |
73 |
-78 |
Cash Interest Paid |
|
6.61 |
8.59 |
11 |
16 |
22 |
30 |
39 |
39 |
40 |
38 |
40 |
Cash Income Taxes Paid |
|
0.96 |
0.70 |
0.00 |
3.44 |
- |
12 |
5.09 |
6.73 |
22 |
6.27 |
3.02 |
Annual Balance Sheets for OFG Bancorp
This table presents OFG Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
7,449 |
7,099 |
6,502 |
6,189 |
6,583 |
9,298 |
9,826 |
9,900 |
9,819 |
11,344 |
11,501 |
Cash and Due from Banks |
|
569 |
532 |
505 |
478 |
442 |
845 |
2,142 |
2,015 |
546 |
744 |
584 |
Trading Account Securities |
|
1,389 |
1,598 |
1,353 |
1,153 |
1,267 |
1,074 |
503 |
961 |
2,012 |
2,715 |
2,738 |
Loans and Leases, Net of Allowance |
|
4,827 |
4,434 |
4,148 |
4,056 |
4,432 |
6,642 |
0.00 |
0.00 |
6,683 |
7,373 |
7,616 |
Customer and Other Receivables |
|
18 |
15 |
24 |
28 |
17 |
22 |
33 |
35 |
29 |
26 |
32 |
Premises and Equipment, Net |
|
81 |
75 |
70 |
68 |
69 |
81 |
84 |
92 |
107 |
104 |
105 |
Goodwill |
|
86 |
86 |
86 |
86 |
86 |
86 |
86 |
86 |
84 |
84 |
84 |
Intangible Assets |
|
- |
- |
- |
- |
3.37 |
57 |
46 |
36 |
28 |
21 |
15 |
Other Assets |
|
472 |
356 |
313 |
317 |
264 |
490 |
6,931 |
6,675 |
330 |
278 |
327 |
Total Liabilities & Shareholders' Equity |
|
7,449 |
7,099 |
6,502 |
6,189 |
6,583 |
9,298 |
9,826 |
9,900 |
9,819 |
11,344 |
11,501 |
Total Liabilities |
|
6,507 |
6,202 |
5,581 |
5,244 |
5,583 |
8,252 |
8,740 |
8,831 |
8,776 |
10,151 |
10,246 |
Interest Bearing Deposits |
|
4,924 |
4,718 |
4,664 |
4,799 |
4,908 |
7,699 |
8,416 |
8,603 |
8,568 |
9,762 |
9,605 |
Short-Term Debt |
|
980 |
943 |
656 |
194 |
456 |
190 |
2.42 |
0.80 |
0.32 |
0.00 |
75 |
Bankers Acceptance Outstanding |
|
18 |
15 |
24 |
28 |
17 |
22 |
33 |
35 |
29 |
26 |
32 |
Other Short-Term Payables |
|
- |
92 |
95 |
87 |
- |
- |
154 |
96 |
125 |
116 |
147 |
Long-Term Debt |
|
440 |
435 |
142 |
136 |
115 |
115 |
102 |
65 |
27 |
201 |
326 |
Other Long-Term Liabilities |
|
145 |
- |
- |
- |
88 |
226 |
33 |
30 |
27 |
46 |
62 |
Commitments & Contingencies |
|
- |
- |
- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
942 |
897 |
920 |
945 |
1,000 |
1,045 |
1,086 |
1,069 |
1,042 |
1,193 |
1,254 |
Total Preferred & Common Equity |
|
942 |
897 |
920 |
945 |
1,000 |
1,045 |
1,086 |
1,069 |
1,042 |
1,193 |
1,254 |
Total Common Equity |
|
850 |
805 |
828 |
853 |
908 |
953 |
994 |
1,069 |
1,042 |
1,193 |
1,254 |
Common Stock |
|
592 |
593 |
594 |
594 |
679 |
681 |
683 |
697 |
697 |
699 |
700 |
Retained Earnings |
|
181 |
149 |
178 |
201 |
253 |
280 |
300 |
400 |
516 |
639 |
772 |
Treasury Stock |
|
-97 |
-105 |
-105 |
-105 |
-104 |
-102 |
-103 |
-151 |
-211 |
-228 |
-297 |
Accumulated Other Comprehensive Income / (Loss) |
|
20 |
14 |
1.60 |
-2.95 |
-11 |
-1.01 |
11 |
5.16 |
-93 |
-67 |
-90 |
Other Equity Adjustments |
|
154 |
154 |
160 |
165 |
90 |
96 |
103 |
118 |
134 |
151 |
170 |
Quarterly Balance Sheets for OFG Bancorp
This table presents OFG Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
10,058 |
10,058 |
10,032 |
10,257 |
11,159 |
11,259 |
11,461 |
11,729 |
Cash and Due from Banks |
|
810 |
844 |
796 |
529 |
750 |
735 |
675 |
703 |
Trading Account Securities |
|
2,104 |
1,950 |
1,734 |
2,100 |
2,511 |
2,497 |
2,624 |
2,803 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
6,958 |
7,104 |
7,383 |
7,482 |
7,589 |
7,671 |
Customer and Other Receivables |
|
29 |
30 |
36 |
31 |
26 |
29 |
26 |
35 |
Premises and Equipment, Net |
|
106 |
105 |
104 |
103 |
105 |
104 |
105 |
104 |
Goodwill |
|
86 |
84 |
84 |
84 |
84 |
84 |
84 |
84 |
Intangible Assets |
|
30 |
26 |
24 |
22 |
19 |
18 |
16 |
14 |
Other Assets |
|
6,893 |
7,018 |
296 |
283 |
282 |
310 |
342 |
315 |
Total Liabilities & Shareholders' Equity |
|
10,058 |
10,058 |
10,032 |
10,257 |
11,159 |
11,259 |
11,461 |
11,729 |
Total Liabilities |
|
9,064 |
8,968 |
8,932 |
9,162 |
9,944 |
10,031 |
10,143 |
10,434 |
Interest Bearing Deposits |
|
8,855 |
8,565 |
8,538 |
8,542 |
9,548 |
9,605 |
9,609 |
9,923 |
Short-Term Debt |
|
0.14 |
0.13 |
0.00 |
151 |
0.00 |
0.00 |
0.00 |
0.00 |
Bankers Acceptance Outstanding |
|
29 |
30 |
36 |
31 |
26 |
29 |
26 |
35 |
Other Short-Term Payables |
|
125 |
120 |
107 |
115 |
122 |
140 |
158 |
155 |
Long-Term Debt |
|
27 |
227 |
227 |
301 |
201 |
201 |
271 |
256 |
Other Long-Term Liabilities |
|
28 |
26 |
24 |
22 |
47 |
56 |
80 |
65 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
994 |
1,090 |
1,100 |
1,095 |
1,216 |
1,228 |
1,318 |
1,295 |
Total Preferred & Common Equity |
|
994 |
1,090 |
1,100 |
1,095 |
1,216 |
1,228 |
1,318 |
1,295 |
Total Common Equity |
|
994 |
1,090 |
1,100 |
1,095 |
1,216 |
1,228 |
1,318 |
1,295 |
Common Stock |
|
695 |
695 |
696 |
697 |
696 |
698 |
699 |
698 |
Retained Earnings |
|
484 |
548 |
577 |
607 |
672 |
707 |
738 |
802 |
Treasury Stock |
|
-211 |
-213 |
-226 |
-228 |
-227 |
-251 |
-251 |
-321 |
Accumulated Other Comprehensive Income / (Loss) |
|
-104 |
-78 |
-90 |
-128 |
-82 |
-86 |
-33 |
-58 |
Other Equity Adjustments |
|
129 |
138 |
143 |
147 |
156 |
161 |
165 |
174 |
Annual Metrics And Ratios for OFG Bancorp
This table displays calculated financial ratios and metrics derived from OFG Bancorp's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-0.23% |
-8.42% |
-6.08% |
4.54% |
3.43% |
2.35% |
31.46% |
1.46% |
13.54% |
12.30% |
3.26% |
EBITDA Growth |
|
5.59% |
-92.26% |
789.64% |
-31.72% |
106.65% |
-38.38% |
16.26% |
110.63% |
14.70% |
9.02% |
-4.47% |
EBIT Growth |
|
36.44% |
-116.38% |
524.67% |
-20.06% |
95.04% |
-43.34% |
26.01% |
126.31% |
13.75% |
8.66% |
-4.34% |
NOPAT Growth |
|
-13.47% |
-116.48% |
521.53% |
-11.05% |
60.34% |
-36.21% |
38.05% |
96.63% |
13.74% |
9.40% |
8.96% |
Net Income Growth |
|
-13.47% |
-102.94% |
2,463.66% |
-11.05% |
60.34% |
-36.21% |
38.05% |
96.63% |
13.74% |
9.40% |
8.96% |
EPS Growth |
|
-13.29% |
-124.67% |
378.38% |
-14.56% |
72.73% |
-39.47% |
43.48% |
112.88% |
22.42% |
11.34% |
10.44% |
Operating Cash Flow Growth |
|
-2.68% |
-44.52% |
-19.13% |
92.89% |
-11.94% |
-17.80% |
-68.11% |
186.17% |
64.38% |
79.78% |
-14.60% |
Free Cash Flow Firm Growth |
|
-63.18% |
-76.73% |
739.03% |
-19.50% |
-142.52% |
229.58% |
-13.83% |
-14.31% |
14.72% |
-161.79% |
55.84% |
Invested Capital Growth |
|
-8.88% |
-3.70% |
-24.47% |
-25.79% |
23.15% |
-13.96% |
-11.92% |
-4.66% |
-5.74% |
30.37% |
18.74% |
Revenue Q/Q Growth |
|
-0.32% |
-4.00% |
0.59% |
-0.48% |
4.20% |
-1.79% |
6.87% |
1.72% |
4.47% |
2.03% |
0.06% |
EBITDA Q/Q Growth |
|
-3.16% |
-80.48% |
72.38% |
-23.86% |
35.12% |
-32.95% |
38.99% |
4.80% |
11.83% |
0.96% |
-5.10% |
EBIT Q/Q Growth |
|
-1.73% |
-171.05% |
124.54% |
-10.09% |
22.64% |
-38.11% |
53.40% |
9.52% |
8.70% |
0.11% |
-5.81% |
NOPAT Q/Q Growth |
|
0.59% |
-173.65% |
38.76% |
2.97% |
10.00% |
-32.34% |
48.55% |
7.33% |
8.55% |
0.13% |
1.93% |
Net Income Q/Q Growth |
|
0.59% |
-113.13% |
38.76% |
2.97% |
10.00% |
-32.34% |
48.55% |
7.33% |
8.55% |
0.13% |
1.93% |
EPS Q/Q Growth |
|
1.35% |
-470.00% |
60.94% |
4.76% |
9.35% |
-34.75% |
55.29% |
8.91% |
9.90% |
0.52% |
2.67% |
Operating Cash Flow Q/Q Growth |
|
-15.96% |
21.42% |
-2.15% |
11.45% |
12.05% |
8.82% |
-70.47% |
29.44% |
33.20% |
24.73% |
-21.52% |
Free Cash Flow Firm Q/Q Growth |
|
-88.25% |
103.14% |
-7.73% |
17.44% |
-806.44% |
50.10% |
-0.76% |
32.17% |
-18.74% |
58.46% |
-141.42% |
Invested Capital Q/Q Growth |
|
0.00% |
-3.37% |
-0.66% |
-6.14% |
7.66% |
-0.38% |
1.79% |
-1.57% |
4.73% |
-9.87% |
4.19% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
37.08% |
3.13% |
29.68% |
19.39% |
38.73% |
23.32% |
20.62% |
42.82% |
43.25% |
41.99% |
38.85% |
EBIT Margin |
|
28.75% |
-5.14% |
23.26% |
17.78% |
33.54% |
18.57% |
17.80% |
39.70% |
39.77% |
38.48% |
35.65% |
Profit (Net Income) Margin |
|
20.01% |
-0.64% |
16.16% |
13.75% |
21.32% |
13.28% |
13.95% |
27.04% |
27.08% |
26.39% |
27.85% |
Tax Burden Percent |
|
69.57% |
12.48% |
69.48% |
77.32% |
63.56% |
71.55% |
78.38% |
68.10% |
68.10% |
68.57% |
78.10% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
30.43% |
0.00% |
30.52% |
22.68% |
36.44% |
28.45% |
21.62% |
31.90% |
31.90% |
31.43% |
21.90% |
Return on Invested Capital (ROIC) |
|
3.44% |
-0.61% |
2.96% |
3.52% |
5.93% |
3.69% |
5.85% |
12.57% |
15.09% |
14.76% |
13.00% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
3.44% |
0.22% |
2.96% |
3.52% |
5.93% |
3.69% |
5.85% |
12.57% |
15.09% |
14.76% |
13.00% |
Return on Net Nonoperating Assets (RNNOA) |
|
5.89% |
0.33% |
3.55% |
2.13% |
2.75% |
1.58% |
1.12% |
0.99% |
0.66% |
1.50% |
3.20% |
Return on Equity (ROE) |
|
9.32% |
-0.27% |
6.51% |
5.64% |
8.68% |
5.26% |
6.97% |
13.56% |
15.75% |
16.27% |
16.19% |
Cash Return on Invested Capital (CROIC) |
|
12.73% |
3.17% |
30.84% |
33.12% |
-14.81% |
18.70% |
18.52% |
17.35% |
20.99% |
-11.60% |
-4.14% |
Operating Return on Assets (OROA) |
|
1.57% |
-0.28% |
1.25% |
1.07% |
2.08% |
0.95% |
0.99% |
2.18% |
2.48% |
2.51% |
2.22% |
Return on Assets (ROA) |
|
1.09% |
-0.03% |
0.87% |
0.83% |
1.32% |
0.68% |
0.78% |
1.48% |
1.69% |
1.72% |
1.73% |
Return on Common Equity (ROCE) |
|
8.39% |
-0.25% |
5.85% |
5.09% |
7.86% |
4.79% |
6.37% |
12.98% |
15.75% |
16.27% |
16.19% |
Return on Equity Simple (ROE_SIMPLE) |
|
9.04% |
-0.28% |
6.43% |
5.57% |
8.44% |
5.15% |
6.84% |
13.67% |
15.95% |
15.24% |
15.80% |
Net Operating Profit after Tax (NOPAT) |
|
85 |
-14 |
59 |
53 |
84 |
54 |
74 |
146 |
166 |
182 |
198 |
NOPAT Margin |
|
20.01% |
-3.60% |
16.16% |
13.75% |
21.32% |
13.28% |
13.95% |
27.04% |
27.08% |
26.39% |
27.85% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
-0.82% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
31.24% |
31.94% |
32.67% |
32.89% |
31.04% |
31.50% |
38.83% |
38.77% |
36.56% |
36.41% |
35.99% |
Operating Expenses to Revenue |
|
57.00% |
63.73% |
58.97% |
52.66% |
52.29% |
57.55% |
64.81% |
60.26% |
56.30% |
52.72% |
52.79% |
Earnings before Interest and Taxes (EBIT) |
|
122 |
-20 |
85 |
68 |
133 |
75 |
95 |
215 |
244 |
265 |
254 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
158 |
12 |
109 |
74 |
153 |
95 |
110 |
231 |
265 |
289 |
276 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.70 |
0.33 |
0.59 |
0.42 |
0.82 |
1.14 |
0.88 |
1.15 |
1.19 |
1.44 |
1.55 |
Price to Tangible Book Value (P/TBV) |
|
0.78 |
0.37 |
0.66 |
0.47 |
0.91 |
1.34 |
1.01 |
1.30 |
1.33 |
1.58 |
1.68 |
Price to Revenue (P/Rev) |
|
1.40 |
0.68 |
1.33 |
0.94 |
1.89 |
2.68 |
1.64 |
2.28 |
2.02 |
2.49 |
2.73 |
Price to Earnings (P/E) |
|
8.34 |
0.00 |
10.77 |
9.26 |
10.32 |
22.98 |
12.86 |
8.51 |
7.46 |
9.46 |
9.80 |
Dividend Yield |
|
2.55% |
5.96% |
2.16% |
2.94% |
1.72% |
1.32% |
1.65% |
1.62% |
2.69% |
2.41% |
2.36% |
Earnings Yield |
|
11.99% |
0.00% |
9.29% |
10.80% |
9.69% |
4.35% |
7.77% |
11.75% |
13.41% |
10.58% |
10.20% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.65 |
0.53 |
0.51 |
0.24 |
0.61 |
0.47 |
0.00 |
0.00 |
0.67 |
0.84 |
1.06 |
Enterprise Value to Revenue (EV/Rev) |
|
3.59 |
3.08 |
2.38 |
0.78 |
2.44 |
1.58 |
0.00 |
0.00 |
1.17 |
1.71 |
2.47 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
9.69 |
98.16 |
8.00 |
4.04 |
6.29 |
6.76 |
0.00 |
0.00 |
2.71 |
4.07 |
6.36 |
Enterprise Value to EBIT (EV/EBIT) |
|
12.50 |
0.00 |
10.21 |
4.41 |
7.26 |
8.49 |
0.00 |
0.00 |
2.95 |
4.44 |
6.93 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
17.96 |
0.00 |
14.70 |
5.70 |
11.43 |
11.87 |
0.00 |
0.00 |
4.33 |
6.47 |
8.88 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
8.74 |
12.36 |
11.08 |
1.98 |
7.23 |
5.83 |
0.00 |
0.00 |
4.38 |
3.98 |
6.97 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
4.85 |
16.34 |
1.41 |
0.61 |
0.00 |
2.34 |
0.00 |
0.00 |
3.11 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.51 |
1.54 |
0.87 |
0.35 |
0.57 |
0.29 |
0.10 |
0.06 |
0.03 |
0.17 |
0.32 |
Long-Term Debt to Equity |
|
0.47 |
0.49 |
0.15 |
0.14 |
0.11 |
0.11 |
0.09 |
0.06 |
0.03 |
0.17 |
0.26 |
Financial Leverage |
|
1.71 |
1.52 |
1.20 |
0.60 |
0.46 |
0.43 |
0.19 |
0.08 |
0.04 |
0.10 |
0.25 |
Leverage Ratio |
|
8.54 |
7.91 |
7.48 |
6.80 |
6.57 |
7.76 |
8.97 |
9.15 |
9.34 |
9.47 |
9.33 |
Compound Leverage Factor |
|
8.54 |
7.91 |
7.48 |
6.80 |
6.57 |
7.76 |
8.97 |
9.15 |
9.34 |
9.47 |
9.33 |
Debt to Total Capital |
|
60.11% |
60.56% |
46.43% |
25.88% |
36.33% |
22.62% |
8.74% |
5.76% |
2.53% |
14.40% |
24.23% |
Short-Term Debt to Total Capital |
|
41.49% |
41.44% |
38.19% |
15.24% |
29.01% |
14.08% |
0.20% |
0.07% |
0.03% |
0.00% |
4.54% |
Long-Term Debt to Total Capital |
|
18.62% |
19.13% |
8.24% |
10.64% |
7.32% |
8.53% |
8.54% |
5.69% |
2.50% |
14.40% |
19.69% |
Preferred Equity to Total Capital |
|
3.89% |
4.04% |
5.35% |
7.21% |
5.86% |
6.81% |
7.73% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
35.99% |
35.39% |
48.21% |
66.90% |
57.82% |
70.57% |
83.52% |
94.24% |
97.47% |
85.60% |
75.77% |
Debt to EBITDA |
|
8.99 |
112.75 |
7.34 |
4.45 |
3.72 |
3.23 |
0.95 |
0.28 |
0.10 |
0.69 |
1.45 |
Net Debt to EBITDA |
|
5.34 |
68.94 |
2.67 |
-2.04 |
0.82 |
-5.72 |
-18.56 |
-8.42 |
-1.96 |
-1.88 |
-0.66 |
Long-Term Debt to EBITDA |
|
2.79 |
35.61 |
1.30 |
1.83 |
0.75 |
1.22 |
0.93 |
0.28 |
0.10 |
0.69 |
1.18 |
Debt to NOPAT |
|
16.67 |
-98.12 |
13.48 |
6.27 |
6.76 |
5.68 |
1.40 |
0.45 |
0.16 |
1.10 |
2.02 |
Net Debt to NOPAT |
|
9.89 |
-59.99 |
4.90 |
-2.87 |
1.48 |
-10.04 |
-27.44 |
-13.34 |
-3.12 |
-2.98 |
-0.92 |
Long-Term Debt to NOPAT |
|
5.16 |
-30.99 |
2.39 |
2.58 |
1.36 |
2.14 |
1.37 |
0.44 |
0.16 |
1.10 |
1.64 |
Noncontrolling Interest Sharing Ratio |
|
10.07% |
10.00% |
10.12% |
9.86% |
9.46% |
9.00% |
8.63% |
4.27% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
315 |
73 |
616 |
496 |
-211 |
273 |
235 |
202 |
231 |
-143 |
-63 |
Operating Cash Flow to CapEx |
|
2,216.59% |
1,837.63% |
0.00% |
2,566.78% |
1,357.58% |
1,020.55% |
229.83% |
444.98% |
627.34% |
1,659.22% |
1,183.50% |
Free Cash Flow to Firm to Interest Expense |
|
4.11 |
1.06 |
10.77 |
11.95 |
-4.73 |
5.35 |
3.63 |
4.82 |
6.91 |
-1.62 |
-0.39 |
Operating Cash Flow to Interest Expense |
|
2.28 |
1.40 |
1.37 |
3.65 |
3.00 |
2.15 |
0.54 |
2.39 |
4.91 |
3.36 |
1.56 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.18 |
1.33 |
3.44 |
3.51 |
2.77 |
1.94 |
0.30 |
1.85 |
4.13 |
3.16 |
1.43 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.05 |
0.05 |
0.05 |
0.06 |
0.06 |
0.05 |
0.06 |
0.05 |
0.06 |
0.07 |
0.06 |
Fixed Asset Turnover |
|
5.21 |
5.03 |
5.05 |
5.54 |
5.79 |
5.40 |
6.46 |
6.15 |
6.17 |
6.54 |
6.82 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
2,362 |
2,275 |
1,718 |
1,275 |
1,570 |
1,351 |
1,190 |
1,135 |
1,069 |
1,394 |
1,656 |
Invested Capital Turnover |
|
0.17 |
0.17 |
0.18 |
0.26 |
0.28 |
0.28 |
0.42 |
0.47 |
0.56 |
0.56 |
0.47 |
Increase / (Decrease) in Invested Capital |
|
-230 |
-87 |
-557 |
-443 |
295 |
-219 |
-161 |
-56 |
-65 |
325 |
261 |
Enterprise Value (EV) |
|
1,530 |
1,199 |
870 |
300 |
964 |
639 |
-1,075 |
-716 |
720 |
1,177 |
1,759 |
Market Capitalization |
|
595 |
265 |
488 |
359 |
747 |
1,088 |
872 |
1,233 |
1,240 |
1,720 |
1,942 |
Book Value per Share |
|
$19.03 |
$18.35 |
$18.86 |
$19.41 |
$17.71 |
$18.57 |
$19.36 |
$21.45 |
$21.92 |
$25.36 |
$27.33 |
Tangible Book Value per Share |
|
$17.10 |
$16.39 |
$16.90 |
$17.45 |
$15.96 |
$15.78 |
$16.79 |
$19.00 |
$19.56 |
$23.13 |
$25.17 |
Total Capital |
|
2,362 |
2,275 |
1,718 |
1,275 |
1,570 |
1,351 |
1,190 |
1,135 |
1,069 |
1,394 |
1,656 |
Total Debt |
|
1,420 |
1,378 |
798 |
330 |
570 |
306 |
104 |
65 |
27 |
201 |
401 |
Total Long-Term Debt |
|
440 |
435 |
142 |
136 |
115 |
115 |
102 |
65 |
27 |
201 |
326 |
Net Debt |
|
843 |
842 |
290 |
-151 |
125 |
-540 |
-2,040 |
-1,949 |
-519 |
-543 |
-183 |
Capital Expenditures (CapEx) |
|
7.90 |
5.28 |
-118 |
5.90 |
9.82 |
11 |
15 |
22 |
26 |
18 |
21 |
Net Nonoperating Expense (NNE) |
|
0.00 |
-12 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,420 |
1,378 |
798 |
330 |
570 |
306 |
104 |
65 |
27 |
201 |
401 |
Total Depreciation and Amortization (D&A) |
|
35 |
32 |
24 |
6.13 |
21 |
19 |
15 |
17 |
21 |
24 |
23 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.58 |
($0.37) |
$1.03 |
$0.88 |
$1.59 |
$0.92 |
$1.32 |
$2.85 |
$3.46 |
$3.85 |
$4.25 |
Adjusted Weighted Average Basic Shares Outstanding |
|
44.61M |
43.87M |
43.91M |
43.97M |
51.32M |
51.40M |
51.39M |
48.95M |
47.60M |
47.08M |
45.39M |
Adjusted Diluted Earnings per Share |
|
$1.50 |
($0.37) |
$1.03 |
$0.88 |
$1.52 |
$0.92 |
$1.32 |
$2.81 |
$3.44 |
$3.83 |
$4.23 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
44.61M |
43.87M |
43.91M |
43.97M |
51.32M |
51.40M |
51.39M |
48.95M |
48.44M |
47.55M |
46.90M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.59 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
52.33M |
51.46M |
51.09M |
51.10M |
51.35M |
51.72M |
51.56M |
51.37M |
47.60M |
47.08M |
45.39M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
85 |
-14 |
59 |
53 |
84 |
71 |
87 |
146 |
166 |
182 |
198 |
Normalized NOPAT Margin |
|
20.01% |
-3.60% |
16.16% |
13.75% |
21.32% |
17.53% |
16.32% |
27.04% |
27.08% |
26.39% |
27.85% |
Pre Tax Income Margin |
|
28.75% |
-5.14% |
23.26% |
17.78% |
33.54% |
18.57% |
17.80% |
39.70% |
39.77% |
38.48% |
35.65% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
1.59 |
-0.29 |
1.49 |
1.64 |
2.98 |
1.48 |
1.46 |
5.13 |
7.29 |
3.01 |
1.57 |
NOPAT to Interest Expense |
|
1.11 |
-0.20 |
1.04 |
1.27 |
1.90 |
1.06 |
1.15 |
3.49 |
4.96 |
2.07 |
1.22 |
EBIT Less CapEx to Interest Expense |
|
1.49 |
-0.37 |
3.55 |
1.50 |
2.76 |
1.26 |
1.23 |
4.59 |
6.51 |
2.81 |
1.44 |
NOPAT Less CapEx to Interest Expense |
|
1.01 |
-0.28 |
3.10 |
1.13 |
1.68 |
0.85 |
0.91 |
2.96 |
4.18 |
1.86 |
1.09 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
33.27% |
-1,262.90% |
40.56% |
46.38% |
29.40% |
38.79% |
28.11% |
14.35% |
18.10% |
22.55% |
23.03% |
Augmented Payout Ratio |
|
53.17% |
-1,620.33% |
40.56% |
46.38% |
29.40% |
38.79% |
31.10% |
48.47% |
56.67% |
32.81% |
58.52% |
Quarterly Metrics And Ratios for OFG Bancorp
This table displays calculated financial ratios and metrics derived from OFG Bancorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
16.20% |
18.44% |
20.47% |
12.17% |
9.77% |
8.14% |
5.86% |
5.94% |
1.31% |
0.24% |
2.37% |
EBITDA Growth |
|
-1.12% |
64.80% |
16.96% |
8.71% |
7.77% |
3.84% |
2.67% |
6.48% |
-6.28% |
-20.02% |
-9.02% |
EBIT Growth |
|
2.00% |
40.17% |
20.41% |
10.83% |
5.41% |
0.43% |
4.27% |
8.32% |
-6.24% |
-22.86% |
-12.47% |
NOPAT Growth |
|
0.60% |
39.32% |
23.21% |
9.25% |
7.05% |
0.50% |
7.49% |
15.75% |
4.74% |
8.05% |
-8.29% |
Net Income Growth |
|
0.60% |
39.32% |
23.21% |
9.25% |
7.05% |
0.50% |
7.49% |
15.75% |
4.74% |
8.05% |
-8.29% |
EPS Growth |
|
7.41% |
46.97% |
26.32% |
10.71% |
9.20% |
2.06% |
9.38% |
16.13% |
5.26% |
11.11% |
-4.76% |
Operating Cash Flow Growth |
|
9.19% |
517.32% |
33.15% |
-6.61% |
243.31% |
119.84% |
16.84% |
101.70% |
-34.51% |
-64.40% |
36.20% |
Free Cash Flow Firm Growth |
|
198.68% |
25.54% |
-212.88% |
-234.68% |
-377.27% |
-349.60% |
75.01% |
78.70% |
101.04% |
24.18% |
-76.51% |
Invested Capital Growth |
|
-11.41% |
-5.74% |
23.22% |
27.23% |
51.49% |
30.37% |
7.61% |
7.70% |
2.72% |
18.74% |
9.50% |
Revenue Q/Q Growth |
|
3.85% |
7.26% |
-2.22% |
2.98% |
1.63% |
5.66% |
-4.28% |
3.07% |
-2.81% |
4.55% |
-2.25% |
EBITDA Q/Q Growth |
|
3.56% |
4.60% |
-1.88% |
2.28% |
2.67% |
0.79% |
-2.99% |
6.08% |
-9.64% |
-13.99% |
10.36% |
EBIT Q/Q Growth |
|
5.33% |
8.99% |
-4.41% |
1.00% |
0.17% |
3.85% |
-0.75% |
4.92% |
-13.30% |
-14.56% |
12.62% |
NOPAT Q/Q Growth |
|
3.68% |
10.61% |
-0.30% |
-4.45% |
1.58% |
3.84% |
6.64% |
2.90% |
-8.08% |
7.12% |
-9.48% |
Net Income Q/Q Growth |
|
3.68% |
10.61% |
-0.30% |
-4.45% |
1.58% |
3.84% |
6.64% |
2.90% |
-8.08% |
7.12% |
-9.48% |
EPS Q/Q Growth |
|
3.57% |
11.49% |
-1.03% |
-3.13% |
2.15% |
4.21% |
6.06% |
2.86% |
-7.41% |
10.00% |
-9.09% |
Operating Cash Flow Q/Q Growth |
|
-48.77% |
89.11% |
6.73% |
-9.69% |
88.34% |
21.10% |
-43.28% |
55.90% |
-38.85% |
-34.17% |
117.02% |
Free Cash Flow Firm Q/Q Growth |
|
-2.52% |
-35.74% |
-281.06% |
-18.74% |
-100.68% |
42.15% |
81.87% |
-1.24% |
109.75% |
-4,336.75% |
57.80% |
Invested Capital Q/Q Growth |
|
-2.04% |
4.73% |
23.08% |
0.76% |
16.64% |
-9.87% |
1.59% |
0.85% |
11.24% |
4.19% |
-6.31% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
43.44% |
42.36% |
42.51% |
42.22% |
42.65% |
40.68% |
41.23% |
42.44% |
39.46% |
32.46% |
36.64% |
EBIT Margin |
|
39.79% |
40.43% |
39.52% |
38.76% |
38.20% |
37.55% |
38.93% |
39.63% |
35.36% |
28.89% |
33.29% |
Profit (Net Income) Margin |
|
26.68% |
27.51% |
28.05% |
26.03% |
26.02% |
25.57% |
28.49% |
28.44% |
26.90% |
27.56% |
25.52% |
Tax Burden Percent |
|
67.05% |
68.05% |
70.98% |
67.15% |
68.09% |
68.09% |
73.17% |
71.75% |
76.07% |
95.38% |
76.66% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
32.95% |
31.95% |
29.02% |
32.85% |
31.91% |
31.91% |
26.83% |
28.25% |
23.93% |
4.62% |
23.34% |
Return on Invested Capital (ROIC) |
|
14.42% |
15.32% |
15.10% |
14.51% |
13.69% |
14.31% |
14.57% |
14.64% |
12.20% |
12.86% |
12.31% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
14.42% |
15.32% |
15.10% |
14.51% |
13.69% |
14.31% |
14.57% |
14.64% |
12.20% |
12.86% |
12.31% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.89% |
0.67% |
1.81% |
1.74% |
3.14% |
1.46% |
2.70% |
2.69% |
3.65% |
3.16% |
2.24% |
Return on Equity (ROE) |
|
15.31% |
15.99% |
16.91% |
16.25% |
16.82% |
15.76% |
17.27% |
17.33% |
15.85% |
16.02% |
14.55% |
Cash Return on Invested Capital (CROIC) |
|
26.19% |
20.99% |
-6.13% |
-8.88% |
-26.80% |
-11.60% |
6.24% |
6.54% |
9.72% |
-4.14% |
4.01% |
Operating Return on Assets (OROA) |
|
2.26% |
2.52% |
2.51% |
2.52% |
2.54% |
2.45% |
2.56% |
2.64% |
2.32% |
1.80% |
2.08% |
Return on Assets (ROA) |
|
1.52% |
1.71% |
1.78% |
1.69% |
1.73% |
1.67% |
1.88% |
1.89% |
1.76% |
1.72% |
1.60% |
Return on Common Equity (ROCE) |
|
15.31% |
15.99% |
16.91% |
16.25% |
16.82% |
15.76% |
17.27% |
17.33% |
15.85% |
16.02% |
14.55% |
Return on Equity Simple (ROE_SIMPLE) |
|
15.41% |
0.00% |
16.06% |
16.25% |
16.58% |
0.00% |
15.25% |
15.66% |
14.75% |
0.00% |
14.98% |
Net Operating Profit after Tax (NOPAT) |
|
42 |
46 |
46 |
44 |
45 |
47 |
50 |
51 |
47 |
50 |
46 |
NOPAT Margin |
|
26.68% |
27.51% |
28.05% |
26.03% |
26.02% |
25.57% |
28.49% |
28.44% |
26.90% |
27.56% |
25.52% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
35.11% |
36.02% |
37.13% |
36.21% |
36.12% |
36.23% |
36.18% |
34.41% |
36.03% |
37.32% |
35.64% |
Operating Expenses to Revenue |
|
55.68% |
54.37% |
54.75% |
52.37% |
52.27% |
51.63% |
52.40% |
51.70% |
52.42% |
54.58% |
52.33% |
Earnings before Interest and Taxes (EBIT) |
|
63 |
68 |
65 |
66 |
66 |
68 |
68 |
71 |
62 |
53 |
59 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
68 |
71 |
70 |
72 |
74 |
74 |
72 |
76 |
69 |
59 |
65 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.14 |
1.19 |
1.05 |
1.10 |
1.25 |
1.44 |
1.42 |
1.43 |
1.59 |
1.55 |
1.40 |
Price to Tangible Book Value (P/TBV) |
|
1.29 |
1.33 |
1.17 |
1.22 |
1.39 |
1.58 |
1.55 |
1.56 |
1.72 |
1.68 |
1.52 |
Price to Revenue (P/Rev) |
|
1.93 |
2.02 |
1.78 |
1.83 |
2.03 |
2.49 |
2.46 |
2.48 |
2.94 |
2.73 |
2.54 |
Price to Earnings (P/E) |
|
7.41 |
7.46 |
6.55 |
6.75 |
7.55 |
9.46 |
9.28 |
9.15 |
10.76 |
9.80 |
9.36 |
Dividend Yield |
|
2.60% |
2.69% |
3.20% |
3.31% |
2.95% |
2.41% |
2.49% |
2.51% |
2.16% |
2.36% |
2.62% |
Earnings Yield |
|
13.50% |
13.41% |
15.27% |
14.81% |
13.24% |
10.58% |
10.77% |
10.92% |
9.30% |
10.20% |
10.68% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.34 |
0.67 |
0.40 |
0.48 |
0.84 |
0.84 |
0.83 |
0.86 |
1.06 |
1.06 |
0.88 |
Enterprise Value to Revenue (EV/Rev) |
|
0.60 |
1.17 |
0.82 |
0.97 |
1.92 |
1.71 |
1.68 |
1.73 |
2.37 |
2.47 |
1.91 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
1.48 |
2.71 |
1.92 |
2.26 |
4.52 |
4.07 |
4.02 |
4.14 |
5.79 |
6.36 |
5.07 |
Enterprise Value to EBIT (EV/EBIT) |
|
1.57 |
2.95 |
2.07 |
2.44 |
4.89 |
4.44 |
4.37 |
4.48 |
6.26 |
6.93 |
5.58 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
2.30 |
4.33 |
3.02 |
3.57 |
7.13 |
6.47 |
6.32 |
6.37 |
8.68 |
8.88 |
7.05 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
2.85 |
4.38 |
2.98 |
3.66 |
5.46 |
3.98 |
3.85 |
3.48 |
5.25 |
6.97 |
4.99 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
1.23 |
3.11 |
0.00 |
0.00 |
0.00 |
0.00 |
13.75 |
13.60 |
11.07 |
0.00 |
23.02 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.03 |
0.03 |
0.21 |
0.21 |
0.41 |
0.17 |
0.17 |
0.16 |
0.21 |
0.32 |
0.20 |
Long-Term Debt to Equity |
|
0.03 |
0.03 |
0.21 |
0.21 |
0.27 |
0.17 |
0.17 |
0.16 |
0.21 |
0.26 |
0.20 |
Financial Leverage |
|
0.06 |
0.04 |
0.12 |
0.12 |
0.23 |
0.10 |
0.19 |
0.18 |
0.30 |
0.25 |
0.18 |
Leverage Ratio |
|
10.09 |
9.34 |
9.51 |
9.59 |
9.72 |
9.47 |
9.20 |
9.15 |
9.00 |
9.33 |
9.12 |
Compound Leverage Factor |
|
10.09 |
9.34 |
9.51 |
9.59 |
9.72 |
9.47 |
9.20 |
9.15 |
9.00 |
9.33 |
9.12 |
Debt to Total Capital |
|
2.67% |
2.53% |
17.23% |
17.08% |
29.19% |
14.40% |
14.17% |
14.05% |
17.04% |
24.23% |
16.48% |
Short-Term Debt to Total Capital |
|
0.01% |
0.03% |
0.01% |
0.00% |
9.74% |
0.00% |
0.00% |
0.00% |
0.00% |
4.54% |
0.00% |
Long-Term Debt to Total Capital |
|
2.66% |
2.50% |
17.22% |
17.08% |
19.44% |
14.40% |
14.17% |
14.05% |
17.04% |
19.69% |
16.48% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
97.33% |
97.47% |
82.77% |
82.92% |
70.81% |
85.60% |
85.83% |
85.95% |
82.96% |
75.77% |
83.52% |
Debt to EBITDA |
|
0.12 |
0.10 |
0.82 |
0.81 |
1.57 |
0.69 |
0.69 |
0.68 |
0.93 |
1.45 |
0.95 |
Net Debt to EBITDA |
|
-3.30 |
-1.96 |
-2.24 |
-2.02 |
-0.27 |
-1.88 |
-1.88 |
-1.81 |
-1.39 |
-0.66 |
-1.66 |
Long-Term Debt to EBITDA |
|
0.11 |
0.10 |
0.82 |
0.81 |
1.05 |
0.69 |
0.69 |
0.68 |
0.93 |
1.18 |
0.95 |
Debt to NOPAT |
|
0.18 |
0.16 |
1.30 |
1.27 |
2.49 |
1.10 |
1.08 |
1.04 |
1.39 |
2.02 |
1.32 |
Net Debt to NOPAT |
|
-5.11 |
-3.12 |
-3.53 |
-3.18 |
-0.42 |
-2.98 |
-2.96 |
-2.78 |
-2.08 |
-0.92 |
-2.31 |
Long-Term Debt to NOPAT |
|
0.18 |
0.16 |
1.30 |
1.27 |
1.66 |
1.10 |
1.08 |
1.04 |
1.39 |
1.64 |
1.32 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
173 |
111 |
-202 |
-240 |
-481 |
-278 |
-50 |
-51 |
4.98 |
-211 |
-89 |
Operating Cash Flow to CapEx |
|
347.95% |
795.41% |
1,684.96% |
1,041.14% |
2,250.70% |
1,720.93% |
986.11% |
2,015.82% |
911.79% |
943.74% |
1,909.68% |
Free Cash Flow to Firm to Interest Expense |
|
21.24 |
10.67 |
-15.42 |
-13.06 |
-20.10 |
-8.52 |
-1.28 |
-1.27 |
0.12 |
-5.14 |
-2.22 |
Operating Cash Flow to Interest Expense |
|
3.17 |
4.68 |
3.99 |
2.57 |
3.71 |
3.29 |
1.55 |
2.36 |
1.41 |
0.93 |
2.07 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.26 |
4.09 |
3.75 |
2.32 |
3.55 |
3.10 |
1.39 |
2.24 |
1.26 |
0.83 |
1.96 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.06 |
0.06 |
0.06 |
0.07 |
0.07 |
0.07 |
0.07 |
0.07 |
0.07 |
0.06 |
0.06 |
Fixed Asset Turnover |
|
6.09 |
6.17 |
6.35 |
6.41 |
6.46 |
6.54 |
6.66 |
6.80 |
6.83 |
6.82 |
6.86 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,021 |
1,069 |
1,316 |
1,326 |
1,547 |
1,394 |
1,416 |
1,428 |
1,589 |
1,656 |
1,551 |
Invested Capital Turnover |
|
0.54 |
0.56 |
0.54 |
0.56 |
0.53 |
0.56 |
0.51 |
0.51 |
0.45 |
0.47 |
0.48 |
Increase / (Decrease) in Invested Capital |
|
-132 |
-65 |
248 |
284 |
526 |
325 |
100 |
102 |
42 |
261 |
135 |
Enterprise Value (EV) |
|
352 |
720 |
528 |
637 |
1,295 |
1,177 |
1,172 |
1,226 |
1,688 |
1,759 |
1,369 |
Market Capitalization |
|
1,135 |
1,240 |
1,146 |
1,206 |
1,372 |
1,720 |
1,720 |
1,760 |
2,092 |
1,942 |
1,817 |
Book Value per Share |
|
$20.90 |
$21.92 |
$22.89 |
$23.14 |
$23.24 |
$25.36 |
$25.86 |
$26.12 |
$28.31 |
$27.33 |
$28.54 |
Tangible Book Value per Share |
|
$18.47 |
$19.56 |
$20.58 |
$20.86 |
$20.98 |
$23.13 |
$23.66 |
$23.95 |
$26.15 |
$25.17 |
$26.38 |
Total Capital |
|
1,021 |
1,069 |
1,316 |
1,326 |
1,547 |
1,394 |
1,416 |
1,428 |
1,589 |
1,656 |
1,551 |
Total Debt |
|
27 |
27 |
227 |
227 |
451 |
201 |
201 |
201 |
271 |
401 |
256 |
Total Long-Term Debt |
|
27 |
27 |
227 |
227 |
301 |
201 |
201 |
201 |
271 |
326 |
256 |
Net Debt |
|
-783 |
-519 |
-618 |
-569 |
-77 |
-543 |
-549 |
-535 |
-404 |
-183 |
-448 |
Capital Expenditures (CapEx) |
|
7.43 |
6.15 |
3.10 |
4.53 |
3.95 |
6.25 |
6.19 |
4.72 |
6.38 |
4.06 |
4.35 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
27 |
27 |
227 |
227 |
451 |
201 |
201 |
201 |
271 |
401 |
256 |
Total Depreciation and Amortization (D&A) |
|
5.74 |
3.26 |
4.92 |
5.87 |
7.67 |
5.71 |
4.01 |
5.04 |
7.17 |
6.51 |
6.00 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.88 |
$0.97 |
$0.97 |
$0.93 |
$0.95 |
$1.00 |
$1.06 |
$1.09 |
$1.01 |
$1.09 |
$1.01 |
Adjusted Weighted Average Basic Shares Outstanding |
|
47.56M |
47.60M |
47.53M |
47.13M |
47.06M |
47.08M |
47.00M |
46.56M |
45.90M |
45.39M |
44.91M |
Adjusted Diluted Earnings per Share |
|
$0.87 |
$0.97 |
$0.96 |
$0.93 |
$0.95 |
$0.99 |
$1.05 |
$1.08 |
$1.00 |
$1.10 |
$1.00 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
47.93M |
48.44M |
47.94M |
47.49M |
47.39M |
47.55M |
47.34M |
47.13M |
46.85M |
46.90M |
45.51M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
47.56M |
47.60M |
47.53M |
47.13M |
47.06M |
47.08M |
47.00M |
46.56M |
45.90M |
45.39M |
44.91M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
42 |
46 |
46 |
44 |
45 |
47 |
50 |
51 |
47 |
50 |
46 |
Normalized NOPAT Margin |
|
26.68% |
27.51% |
28.05% |
26.03% |
26.02% |
25.57% |
28.49% |
28.44% |
26.90% |
27.56% |
25.52% |
Pre Tax Income Margin |
|
39.79% |
40.43% |
39.52% |
38.76% |
38.20% |
37.55% |
38.93% |
39.63% |
35.36% |
28.89% |
33.29% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
7.66 |
6.52 |
4.98 |
3.59 |
2.75 |
2.10 |
1.73 |
1.77 |
1.50 |
1.29 |
1.48 |
NOPAT to Interest Expense |
|
5.13 |
4.44 |
3.53 |
2.41 |
1.88 |
1.43 |
1.26 |
1.27 |
1.14 |
1.23 |
1.14 |
EBIT Less CapEx to Interest Expense |
|
6.75 |
5.93 |
4.74 |
3.34 |
2.59 |
1.90 |
1.57 |
1.65 |
1.35 |
1.19 |
1.37 |
NOPAT Less CapEx to Interest Expense |
|
4.22 |
3.85 |
3.30 |
2.16 |
1.71 |
1.24 |
1.11 |
1.15 |
0.99 |
1.13 |
1.03 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
16.71% |
18.10% |
19.24% |
20.63% |
22.04% |
22.55% |
22.57% |
22.47% |
22.93% |
23.03% |
24.07% |
Augmented Payout Ratio |
|
64.91% |
56.67% |
38.40% |
29.84% |
32.31% |
32.81% |
31.07% |
36.23% |
35.47% |
58.52% |
72.37% |
Key Financial Trends
OFG Bancorp has demonstrated steady financial performance over the last four years, with some notable trends in its income statement, cash flow, and balance sheet figures.
Income Statement Highlights:
- Net interest income has shown consistent growth, rising from $126.5 million in Q3 2022 to $149.1 million in Q1 2025, supported by stable loans and leases interest income.
- Non-interest income remained robust, around $27 million to $38 million per quarter, contributing positively to total revenue which has generally increased over time.
- Provision for credit losses increased from $7.1 million in Q3 2022 to about $25.7 million in Q1 2025, indicating some rising credit risk or increased reserves.
- Salaries and employee benefits expense have trended upward moderately, reflecting possible growth or inflationary effects.
- Total non-interest expenses have fluctuated but remained between $88 million to $99 million, suggesting controlled operational costs despite inflationary pressure.
- Net income attributable to common shareholders improved from around $41.9 million in Q3 2022 to $45.6 million in Q1 2025, reflecting overall earnings growth.
- Basic earnings per share have steadily improved from $0.88 in Q3 2022 to $1.01 in Q1 2025.
- Dividends per share have gradually increased from $0.20 in Q3 2022 to $0.30 in Q1 2025, indicating financial strength and shareholder return focus.
Cash Flow Statement Highlights:
- Net cash from operating activities showed a strong increase from $25.9 million in Q3 2022 to $83.1 million in Q1 2025, signaling improved cash generation from core business activities.
- Investing activities consistently report negative net cash flows due to large purchases of investment securities, reaching up to $986.9 million in Q1 2025, partially offset by substantial sales/maturities.
- Financing activities have fluctuated, with significant repayments of debt and equity repurchases, though financing cash flow was positive $133.7 million in Q1 2025 driven by net deposit inflows.
- The net change in cash and equivalents has been volatile but positive in Q1 2025, improving liquidity.
Balance Sheet Highlights:
- Total assets increased steadily over time, from approximately $10.06 billion in Q3 2022 to $11.73 billion in Q1 2025, reflecting growth in loans, securities, and cash balances.
- Loans and leases net balances grew from about $7.1 billion in Q3 2022 to $7.67 billion in Q1 2025, underscoring expansion in core lending activities.
- Trading account securities also rose notably to over $2.8 billion in Q1 2025, indicating active management of investment portfolios.
- Total liabilities rose, primarily interest-bearing deposits increasing from $8.5 billion in Q3 2022 to nearly $9.9 billion in Q1 2025, supporting asset growth.
- Long-term debt increased somewhat, but remains a smaller portion of total liabilities at around $255 million in Q1 2025.
- Total common equity improved from about $994 million in Q3 2022 to $1.3 billion in Q1 2025, supporting financial stability and capital adequacy.
- Accumulated other comprehensive loss has widened somewhat, reflecting underlying market value changes in equity.
Summary: OFG Bancorp has steadily increased its net interest income and total revenues over the last several years, while managing operating expenses effectively. The company has expanded its loan book and investment securities, supported by growing deposits. Although provisions for credit losses have risen, net income and EPS have improved, alongside modest increases in dividends. Strong operating cash flow and increased equity capital suggest solid financial health. Investors should monitor rising credit cost provisions and the impact of large investment securities activity on cash flow.
10/04/25 06:30 PM ETAI Generated. May Contain Errors.