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OFG Bancorp (OFG) Financials

OFG Bancorp logo
$46.35 +0.08 (+0.17%)
Closing price 03:59 PM Eastern
Extended Trading
$46.41 +0.06 (+0.13%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for OFG Bancorp

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.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -16 45 39 72 47 68 145 166 182 198 205
Consolidated Net Income / (Loss)		 -2.50 59 53 84 54 74 146 166 182 198 205
Net Income / (Loss) Continuing Operations		 -2.50 59 53 84 54 74 146 166 182 198 205
Total Pre-Tax Income 		-20 85 68 133 75 95 215 244 265 254 234
Total Revenue		 390 366 383 396 405 533 541 614 689 712 731
Net Interest Income / (Expense)		 337 299 304 316 323 408 407 482 561 588 608
Total Interest Income		 407 357 346 360 374 473 449 516 649 750 781
Loans and Leases Interest Income		 368 322 312 321 340 457 434 460 555 614 630
Investment Securities Interest Income		 39 35 33 39 34 16 15 55 94 137 151
Total Interest Expense		 69 57 41 45 51 65 42 33 88 162 172
Deposits Interest Expense		 27 29 30 33 39 60 39 32 76 150 153
Long-Term Debt Interest Expense		 13 9.11 3.95 3.78 4.22 1.39 2.82 1.25 8.74 11 17
Federal Funds Purchased and Securities Sold Interest Expense		 30 19 7.22 7.79 7.42 1.34 0.00 0.00 3.31 0.54 2.77
Total Non-Interest Income		 53 67 79 80 82 124 133 132 128 123 123
Other Service Charges		 74 53 45 54 48 81 100 99 95 88 85
Other Non-Interest Income		 -23 26 27 26 26 32 35 33 33 36 38
Provision for Credit Losses		 162 65 113 56 97 93 0.22 24 61 82 108
Total Non-Interest Expense		 249 216 202 207 233 345 326 346 363 376 390
Salaries and Employee Benefits		 79 77 80 77 83 133 133 143 156 160 162
Net Occupancy & Equipment Expense		 39 37 41 41 40 68 69 73 86 87 87
Marketing Expense		 6.45 5.49 5.62 5.08 5.21 5.85 7.00 8.24 8.74 9.71 11
Other Operating Expenses		 124 96 76 84 82 122 116 121 112 120 129
Income Tax Expense		 -18 26 15 48 21 20 68 78 83 56 29
Basic Earnings per Share		 ($0.37) $1.03 $0.88 $1.59 $0.92 $1.32 $2.85 $3.46 $3.85 $4.25 $4.60
Weighted Average Basic Shares Outstanding		 51.46M 51.09M 51.10M 51.35M 51.72M 51.56M 51.37M 47.60M 47.08M 45.39M 43.06M
Diluted Earnings per Share		 ($0.37) $1.03 $0.88 $1.52 $0.92 $1.32 $2.81 $3.44 $3.83 $4.23 $4.58
Weighted Average Diluted Shares Outstanding		 51.46M 51.09M 51.10M 51.35M 51.72M 51.56M 51.37M 48.44M 47.55M 46.90M 44.76M
Weighted Average Basic & Diluted Shares Outstanding		 51.46M 51.09M 51.10M 51.35M 51.72M 51.56M 51.37M 47.60M 47.08M 45.39M 43.06M
Cash Dividends to Common per Share		 $0.36 $0.24 $0.24 $0.25 $0.28 $0.28 $0.40 $0.70 $0.88 $1.00 $1.20

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 45 47 50 51 47 50 46 52 52 56 54
Consolidated Net Income / (Loss)		 45 47 50 51 47 50 46 52 52 56 54
Net Income / (Loss) Continuing Operations		 45 47 50 51 47 50 46 52 52 56 54
Total Pre-Tax Income 		66 68 68 71 62 53 59 66 61 47 69
Total Revenue		 172 182 174 180 175 183 179 182 186 184 186
Net Interest Income / (Expense)		 142 144 144 147 148 149 149 152 155 153 154
Total Interest Income		 166 176 183 188 189 190 189 194 200 197 194
Loans and Leases Interest Income		 142 149 150 154 154 155 153 157 161 158 159
Investment Securities Interest Income		 24 27 34 33 35 35 36 37 39 39 36
Total Interest Expense		 24 33 39 40 41 41 40 42 45 44 40
Deposits Interest Expense		 21 27 37 38 38 37 36 38 40 39 34
Long-Term Debt Interest Expense		 2.37 3.35 2.53 2.52 2.81 3.15 3.15 4.42 4.69 4.69 4.59
Federal Funds Purchased and Securities Sold Interest Expense		 0.73 - 0.00 0.00 0.00 - 0.71 0.12 0.99 0.95 1.86
Total Non-Interest Income		 31 39 30 32 27 34 30 30 31 32 32
Other Service Charges		 23 29 22 24 18 23 21 22 22 20 23
Other Non-Interest Income		 7.69 9.99 8.11 8.44 8.45 11 8.46 8.92 9.01 11 8.91
Provision for Credit Losses		 16 20 15 16 21 30 26 22 28 32 22
Total Non-Interest Expense		 90 94 91 93 92 100 93 95 97 105 95
Salaries and Employee Benefits		 38 41 40 38 38 43 40 40 40 43 41
Net Occupancy & Equipment Expense		 22 22 21 21 22 23 21 21 22 22 20
Marketing Expense		 2.21 2.44 2.38 2.45 2.47 2.42 2.62 2.54 2.88 3.38 3.02
Other Operating Expenses		 28 28 28 31 29 32 30 31 32 36 30
Income Tax Expense		 21 22 18 20 15 2.44 14 14 9.53 -8.47 15
Basic Earnings per Share		 $0.95 $1.00 $1.06 $1.09 $1.01 $1.09 $1.01 $1.15 $1.17 $1.27 $1.26
Weighted Average Basic Shares Outstanding		 47.06M 47.08M 47.00M 46.56M 45.90M 45.39M 44.91M 44.52M 43.96M 43.06M 42.26M
Diluted Earnings per Share		 $0.95 $0.99 $1.05 $1.08 $1.00 $1.10 $1.00 $1.15 $1.16 $1.27 $1.26
Weighted Average Diluted Shares Outstanding		 47.39M 47.55M 47.34M 47.13M 46.85M 46.90M 45.51M 45.03M 44.66M 44.76M 42.96M
Weighted Average Basic & Diluted Shares Outstanding		 47.06M 47.08M 47.00M 46.56M 45.90M 45.39M 44.91M 44.52M 43.96M 43.06M 42.26M
Cash Dividends to Common per Share		 $0.22 $0.22 $0.25 $0.25 $0.25 $0.25 $0.30 $0.30 $0.30 $0.30 $0.35

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -37 -26 -25 -38 403 1,303 -132 -1,473 198 -157 449
Net Cash From Operating Activities		 97 79 151 133 110 35 100 164 296 253 218
Net Cash From Continuing Operating Activities		 97 79 152 133 110 35 100 164 296 253 218
Net Income / (Loss) Continuing Operations		 -2.50 59 53 84 54 74 146 166 182 198 205
Consolidated Net Income / (Loss)		 -2.50 59 53 84 54 74 146 166 182 198 205
Provision For Loan Losses		 162 65 113 - 97 93 0.22 24 61 82 108
Depreciation Expense		 11 9.42 8.99 8.90 8.51 13 14 16 20 21 20
Amortization Expense		 21 14 -2.86 12 11 2.37 2.72 5.56 3.79 1.86 4.45
Non-Cash Adjustments to Reconcile Net Income		 -67 -65 -32 7.88 -41 -88 -80 -43 28 -15 -231
Changes in Operating Assets and Liabilities, net		 -28 -4.11 12 20 -19 -59 16 -4.21 0.71 -36 111
Net Cash From Investing Activities		 153 568 187 -489 842 758 -183 -1,513 -1,405 -336 -438
Net Cash From Continuing Investing Activities		 153 568 187 -489 842 758 -183 -1,513 -1,405 -336 -438
Purchase of Property, Leasehold Improvements and Equipment		 -5.28 -5.30 -6.47 -11 -13 -15 -23 -31 -18 -21 -18
Purchase of Investment Securities		 -1,304 -995 -1,016 -1,701 -1,219 -1,656 -2,454 -4,353 -4,707 -4,400 -4,025
Sale of Property, Leasehold Improvements and Equipment		 0.00 123 0.57 1.67 2.23 0.05 0.57 4.78 0.04 0.00 1.42
Sale and/or Maturity of Investments		 1,366 1,443 1,219 1,222 2,004 2,429 2,293 2,866 3,320 4,086 3,603
Net Cash From Financing Activities		 -287 -673 -364 317 -549 510 -49 -125 1,307 -74 670
Net Cash From Continuing Financing Activities		 -287 -673 -364 317 -549 510 -49 -125 1,307 -74 670
Net Change in Deposits		 -198 -61 126 100 -265 736 153 6.91 1,195 -153 662
Repayment of Debt		 - - - - - -13 -39 -1.55 173 - 130
Repurchase of Common Equity		 -8.95 - - 0.00 0.00 -2.23 -50 -64 -19 -70 -92
Payment of Dividends		 -32 -24 -24 -25 -21 -21 -21 -30 -41 -46 -52
Other Financing Activities, Net		 -48 -588 -466 242 -263 -189 0.28 -0.91 -1.69 71 21
Cash Interest Paid		 68 56 41 41 41 56 35 27 80 157 165
Cash Income Taxes Paid		 14 10 0.03 18 39 6.26 2.79 5.13 15 40 82

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -266 215 6.22 -14 -60 -89 119 141 -111 300 -404
Net Cash From Operating Activities		 89 108 61 95 58 38 83 36 40 59 73
Net Cash From Continuing Operating Activities		 89 108 61 95 58 38 83 36 40 59 73
Net Income / (Loss) Continuing Operations		 45 47 50 51 47 50 46 52 52 56 54
Consolidated Net Income / (Loss)		 45 47 50 51 47 50 46 52 52 56 54
Provision For Loan Losses		 16 20 15 16 21 30 26 22 28 32 22
Depreciation Expense		 5.08 5.10 5.29 5.31 5.43 4.85 5.09 5.09 5.28 5.01 4.82
Amortization Expense		 2.59 0.62 -1.28 -0.27 1.74 1.67 0.91 1.88 1.27 0.39 1.07
Non-Cash Adjustments to Reconcile Net Income		 11 38 -3.87 16 12 -40 -20 -21 -22 -168 -31
Changes in Operating Assets and Liabilities, net		 8.40 -2.05 -3.96 7.09 -30 -8.74 26 -23 -25 134 22
Net Cash From Investing Activities		 -573 -856 164 -106 -187 -207 -97 -309 -60 28 -1.39
Net Cash From Continuing Investing Activities		 -573 -856 164 -106 -187 -207 -97 -309 -60 28 -1.39
Purchase of Property, Leasehold Improvements and Equipment		 -3.95 -6.25 -6.19 -4.72 -6.38 -4.06 -4.35 -4.15 -3.99 -5.90 -4.36
Purchase of Investment Securities		 -1,304 -1,542 -699 -1,312 -1,360 -1,030 -987 -1,009 -938 -1,091 -831
Sale and/or Maturity of Investments		 735 692 868 1,211 1,179 827 894 704 882 1,124 834
Net Cash From Financing Activities		 218 964 -218 -3.06 69 79 134 414 -91 213 -476
Net Cash From Continuing Financing Activities		 218 964 -218 -3.06 69 79 134 414 -91 213 -476
Net Change in Deposits		 5.14 1,225 -206 33 11 8.78 317 208 -130 266 -416
Repayment of Debt		 74 -100 -0.00 - 70 55 -70 200 - - -0.01
Repurchase of Common Equity		 -2.19 - 0.00 -24 -0.10 -46 -23 -7.70 -20 -40 -44
Payment of Dividends		 -10 -11 -10 -12 -12 -12 -11 -14 -13 -13 -13
Other Financing Activities, Net		 151 -151 -2.17 -0.05 - 73 -78 27 73 - -2.37
Cash Interest Paid		 22 30 39 39 40 38 40 39 44 42 40
Cash Income Taxes Paid		 - 12 5.09 6.73 22 6.27 3.02 39 34 5.18 2.47

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 7,099 6,502 6,189 6,583 9,298 9,826 9,900 9,819 11,344 11,501 12,466
Cash and Due from Banks		 532 505 478 442 845 2,142 2,015 546 744 584 1,036
Trading Account Securities		 1,598 1,353 1,153 1,267 1,074 503 961 2,012 2,715 2,738 2,859
Loans and Leases, Net of Allowance		 4,434 4,148 4,056 4,432 6,642 0.00 0.00 6,683 7,373 7,616 7,999
Customer and Other Receivables		 15 24 28 17 22 33 35 29 26 32 22
Premises and Equipment, Net		 75 70 68 69 81 84 92 107 104 105 94
Goodwill		 86 86 86 86 86 86 86 84 84 84 84
Intangible Assets		 - - - 3.37 57 46 36 28 21 15 9.85
Other Assets		 356 313 317 264 490 6,931 6,675 330 278 327 362
Total Liabilities & Shareholders' Equity		 7,099 6,502 6,189 6,583 9,298 9,826 9,900 9,819 11,344 11,501 12,466
Total Liabilities		 6,202 5,581 5,244 5,583 8,252 8,740 8,831 8,776 10,151 10,246 11,076
Interest Bearing Deposits		 4,718 4,664 4,799 4,908 7,699 8,416 8,603 8,568 9,762 9,605 10,263
Short-Term Debt		 943 656 194 456 190 2.42 0.80 0.32 0.00 75 101
Bankers Acceptance Outstanding		 15 24 28 17 22 33 35 29 26 32 22
Other Short-Term Payables		 92 95 87 - - 154 96 125 116 147 210
Long-Term Debt		 435 142 136 115 115 102 65 27 201 326 457
Other Long-Term Liabilities		 - - - 88 226 33 30 27 46 62 23
Commitments & Contingencies		 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 897 920 945 1,000 1,045 1,086 1,069 1,042 1,193 1,254 1,390
Total Preferred & Common Equity		 897 920 945 1,000 1,045 1,086 1,069 1,042 1,193 1,254 1,390
Total Common Equity		 805 828 853 908 953 994 1,069 1,042 1,193 1,254 1,390
Common Stock		 593 594 594 679 681 683 697 697 699 700 703
Retained Earnings		 149 178 201 253 280 300 400 516 639 772 905
Treasury Stock		 -105 -105 -105 -104 -102 -103 -151 -211 -228 -297 -389
Accumulated Other Comprehensive Income / (Loss)		 14 1.60 -2.95 -11 -1.01 11 5.16 -93 -67 -90 -17
Other Equity Adjustments		 154 160 165 90 96 103 118 134 151 170 188

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 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 10,058 10,058 10,032 10,257 11,159 11,259 11,461 11,729 12,232 12,230 12,048
Cash and Due from Banks		 810 844 796 529 750 735 675 703 844 737 632
Trading Account Securities		 2,104 1,950 1,734 2,100 2,511 2,497 2,624 2,803 2,804 2,955 2,797
Loans and Leases, Net of Allowance		 0.00 0.00 6,958 7,104 7,383 7,482 7,589 7,671 7,991 7,919 8,031
Customer and Other Receivables		 29 30 36 31 26 29 26 35 28 30 23
Premises and Equipment, Net		 106 105 104 103 105 104 105 104 102 101 93
Goodwill		 86 84 84 84 84 84 84 84 84 84 84
Intangible Assets		 30 26 24 22 19 18 16 14 12 11 8.87
Other Assets		 6,893 7,018 296 283 282 310 342 315 367 392 379
Total Liabilities & Shareholders' Equity		 10,058 10,058 10,032 10,257 11,159 11,259 11,461 11,729 12,232 12,230 12,048
Total Liabilities		 9,064 8,968 8,932 9,162 9,944 10,031 10,143 10,434 10,897 10,854 10,681
Interest Bearing Deposits		 8,855 8,565 8,538 8,542 9,548 9,605 9,609 9,923 10,144 10,009 9,849
Short-Term Debt		 0.14 0.13 0.00 151 0.00 0.00 0.00 0.00 27 101 100
Bankers Acceptance Outstanding		 29 30 36 31 26 29 26 35 28 30 23
Other Short-Term Payables		 125 120 107 115 122 140 158 155 174 183 230
Long-Term Debt		 27 227 227 301 201 201 271 256 457 457 457
Other Long-Term Liabilities		 28 26 24 22 47 56 80 65 68 75 22
Commitments & Contingencies		 0.00 0.00 0.00 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 1,334 1,375 1,367
Total Preferred & Common Equity		 994 1,090 1,100 1,095 1,216 1,228 1,318 1,295 1,334 1,375 1,367
Total Common Equity		 994 1,090 1,100 1,095 1,216 1,228 1,318 1,295 1,334 1,375 1,367
Common Stock		 695 695 696 697 696 698 699 698 700 701 701
Retained Earnings		 484 548 577 607 672 707 738 802 833 867 938
Treasury Stock		 -211 -213 -226 -228 -227 -251 -251 -321 -329 -349 -432
Accumulated Other Comprehensive Income / (Loss)		 -104 -78 -90 -128 -82 -86 -33 -58 -49 -27 -34
Other Equity Adjustments		 129 138 143 147 156 161 165 174 179 184 194

Annual Metrics And Ratios for OFG Bancorp

This table displays calculated financial ratios and metrics derived from OFG Bancorp's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.37) $1.03 $0.88 $1.59 $0.92 $1.32 $2.85 $3.46 $3.85 $4.25 $4.60
Adjusted Weighted Average Basic Shares Outstanding		 43.87M 43.91M 43.97M 51.32M 51.40M 51.39M 48.95M 47.60M 47.08M 45.39M 43.06M
Adjusted Diluted Earnings per Share		 ($0.37) $1.03 $0.88 $1.52 $0.92 $1.32 $2.81 $3.44 $3.83 $4.23 $4.58
Adjusted Weighted Average Diluted Shares Outstanding		 43.87M 43.91M 43.97M 51.32M 51.40M 51.39M 48.95M 48.44M 47.55M 46.90M 44.76M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $1.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 51.46M 51.09M 51.10M 51.35M 51.72M 51.56M 51.37M 47.60M 47.08M 45.39M 43.06M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 43,063,277.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 43,063,277.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.25
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.77% 8.14% 5.86% 5.94% 1.31% 0.24% 2.37% 1.42% 6.54% - 4.14%
EBITDA Growth		 7.77% 3.84% 2.67% 6.48% -6.28% -20.02% -9.02% -4.53% -1.49% - 14.13%
EBIT Growth		 5.41% 0.43% 4.27% 8.32% -6.24% -22.86% -12.47% -7.55% -0.67% - 15.72%
NOPAT Growth		 7.05% 0.50% 7.49% 15.75% 4.74% 8.05% -8.29% 1.31% 10.29% - 18.36%
Net Income Growth		 7.05% 0.50% 7.49% 15.75% 4.74% 8.05% -8.29% 1.31% 10.29% - 18.36%
EPS Growth		 9.20% 2.06% 9.38% 16.13% 5.26% 11.11% -4.76% 6.48% 16.00% - 26.00%
Operating Cash Flow Growth		 243.31% 119.84% 16.84% 101.70% -34.51% -64.40% 36.20% -62.21% -32.06% - -11.98%
Free Cash Flow Firm Growth		 -377.27% -349.60% 75.01% 78.70% 101.04% 24.18% -76.51% -562.44% -5,963.45% - -257.95%
Invested Capital Growth		 51.49% 30.37% 7.61% 7.70% 2.72% 18.74% 9.50% 27.30% 21.64% - 24.02%
Revenue Q/Q Growth		 1.63% 5.66% -4.28% 3.07% -2.81% 4.55% -2.25% 2.11% 2.09% - 0.90%
EBITDA Q/Q Growth		 2.67% 0.79% -2.99% 6.08% -9.64% -13.99% 10.36% 11.31% -6.76% - 41.41%
EBIT Q/Q Growth		 0.17% 3.85% -0.75% 4.92% -13.30% -14.56% 12.62% 10.82% -6.84% - 45.08%
NOPAT Q/Q Growth		 1.58% 3.84% 6.64% 2.90% -8.08% 7.12% -9.48% 13.67% 0.07% - -3.50%
Net Income Q/Q Growth		 1.58% 3.84% 6.64% 2.90% -8.08% 7.12% -9.48% 13.67% 0.07% - -3.50%
EPS Q/Q Growth		 2.15% 4.21% 6.06% 2.86% -7.41% 10.00% -9.09% 15.00% 0.87% - -0.79%
Operating Cash Flow Q/Q Growth		 88.34% 21.10% -43.28% 55.90% -38.85% -34.17% 117.02% -56.75% 9.94% - 23.49%
Free Cash Flow Firm Q/Q Growth		 -100.68% 42.15% 81.87% -1.24% 109.75% -4,336.75% 57.80% -279.95% 13.68% - -35.08%
Invested Capital Q/Q Growth		 16.64% -9.87% 1.59% 0.85% 11.24% 4.19% -6.31% 17.24% 6.29% - -1.22%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 42.65% 40.68% 41.23% 42.44% 39.46% 32.46% 36.64% 39.95% 36.48% - 40.16%
EBIT Margin		 38.20% 37.55% 38.93% 39.63% 35.36% 28.89% 33.29% 36.13% 32.96% - 36.99%
Profit (Net Income) Margin		 26.02% 25.57% 28.49% 28.44% 26.90% 27.56% 25.52% 28.41% 27.84% - 29.00%
Tax Burden Percent		 68.09% 68.09% 73.17% 71.75% 76.07% 95.38% 76.66% 78.63% 84.47% - 78.40%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 31.91% 31.91% 26.83% 28.25% 23.93% 4.62% 23.34% 21.37% 15.53% - 21.60%
Return on Invested Capital (ROIC)		 13.69% 14.31% 14.57% 14.64% 12.20% 12.86% 12.31% 12.57% 11.54% - 12.33%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.69% 14.31% 14.57% 14.64% 12.20% 12.86% 12.31% 12.57% 11.54% - 12.33%
Return on Net Nonoperating Assets (RNNOA)		 3.14% 1.46% 2.70% 2.69% 3.65% 3.16% 2.24% 3.36% 3.55% - 3.76%
Return on Equity (ROE)		 16.82% 15.76% 17.27% 17.33% 15.85% 16.02% 14.55% 15.93% 15.09% - 16.10%
Cash Return on Invested Capital (CROIC)		 -26.80% -11.60% 6.24% 6.54% 9.72% -4.14% 4.01% -12.03% -8.19% - -9.16%
Operating Return on Assets (OROA)		 2.54% 2.45% 2.56% 2.64% 2.32% 1.80% 2.08% 2.21% 2.03% - 2.30%
Return on Assets (ROA)		 1.73% 1.67% 1.88% 1.89% 1.76% 1.72% 1.60% 1.74% 1.72% - 1.80%
Return on Common Equity (ROCE)		 16.82% 15.76% 17.27% 17.33% 15.85% 16.02% 14.55% 15.93% 15.09% - 16.10%
Return on Equity Simple (ROE_SIMPLE)		 16.58% 0.00% 15.25% 15.66% 14.75% 0.00% 14.98% 14.59% 14.51% - 15.62%
Net Operating Profit after Tax (NOPAT)		 45 47 50 51 47 50 46 52 52 - 54
NOPAT Margin		 26.02% 25.57% 28.49% 28.44% 26.90% 27.56% 25.52% 28.41% 27.84% - 29.00%
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%
SG&A Expenses to Revenue		 36.12% 36.23% 36.18% 34.41% 36.03% 37.32% 35.64% 34.78% 34.65% - 34.62%
Operating Expenses to Revenue		 52.27% 51.63% 52.40% 51.70% 52.42% 54.58% 52.33% 51.99% 51.86% - 50.92%
Earnings before Interest and Taxes (EBIT)		 66 68 68 71 62 53 59 66 61 - 69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 74 74 72 76 69 59 65 73 68 - 75
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.25 1.44 1.42 1.43 1.59 1.55 1.40 1.44 1.41 - 1.27
Price to Tangible Book Value (P/TBV)		 1.39 1.58 1.55 1.56 1.72 1.68 1.52 1.55 1.51 - 1.37
Price to Revenue (P/Rev)		 2.03 2.49 2.46 2.48 2.94 2.73 2.54 2.68 2.65 - 2.36
Price to Earnings (P/E)		 7.55 9.46 9.28 9.15 10.76 9.80 9.36 9.87 9.70 - 8.16
Dividend Yield		 2.95% 2.41% 2.49% 2.51% 2.16% 2.36% 2.62% 2.57% 2.64% - 3.09%
Earnings Yield		 13.24% 10.58% 10.77% 10.92% 9.30% 10.20% 10.68% 10.13% 10.31% - 12.25%
Enterprise Value to Invested Capital (EV/IC)		 0.84 0.84 0.83 0.86 1.06 1.06 0.88 0.86 0.91 - 0.87
Enterprise Value to Revenue (EV/Rev)		 1.92 1.71 1.68 1.73 2.37 2.47 1.91 2.17 2.41 - 2.26
Enterprise Value to EBITDA (EV/EBITDA)		 4.52 4.07 4.02 4.14 5.79 6.36 5.07 5.86 6.62 - 6.22
Enterprise Value to EBIT (EV/EBIT)		 4.89 4.44 4.37 4.48 6.26 6.93 5.58 6.51 7.33 - 6.85
Enterprise Value to NOPAT (EV/NOPAT)		 7.13 6.47 6.32 6.37 8.68 8.88 7.05 8.02 8.80 - 7.81
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.46 3.98 3.85 3.48 5.25 6.97 4.99 7.25 8.93 - 8.02
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 13.75 13.60 11.07 0.00 23.02 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.41 0.17 0.17 0.16 0.21 0.32 0.20 0.36 0.41 - 0.41
Long-Term Debt to Equity		 0.27 0.17 0.17 0.16 0.21 0.26 0.20 0.34 0.33 - 0.33
Financial Leverage		 0.23 0.10 0.19 0.18 0.30 0.25 0.18 0.27 0.31 - 0.31
Leverage Ratio		 9.72 9.47 9.20 9.15 9.00 9.33 9.12 9.17 8.80 - 8.93
Compound Leverage Factor		 9.72 9.47 9.20 9.15 9.00 9.33 9.12 9.17 8.80 - 8.93
Debt to Total Capital		 29.19% 14.40% 14.17% 14.05% 17.04% 24.23% 16.48% 26.62% 28.84% - 28.94%
Short-Term Debt to Total Capital		 9.74% 0.00% 0.00% 0.00% 0.00% 4.54% 0.00% 1.51% 5.21% - 5.20%
Long-Term Debt to Total Capital		 19.44% 14.40% 14.17% 14.05% 17.04% 19.69% 16.48% 25.11% 23.62% - 23.74%
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%
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%
Common Equity to Total Capital		 70.81% 85.60% 85.83% 85.95% 82.96% 75.77% 83.52% 73.38% 71.16% - 71.06%
Debt to EBITDA		 1.57 0.69 0.69 0.68 0.93 1.45 0.95 1.82 2.10 - 2.08
Net Debt to EBITDA		 -0.27 -1.88 -1.88 -1.81 -1.39 -0.66 -1.66 -1.35 -0.68 - -0.28
Long-Term Debt to EBITDA		 1.05 0.69 0.69 0.68 0.93 1.18 0.95 1.71 1.72 - 1.70
Debt to NOPAT		 2.49 1.10 1.08 1.04 1.39 2.02 1.32 2.49 2.79 - 2.61
Net Debt to NOPAT		 -0.42 -2.98 -2.96 -2.78 -2.08 -0.92 -2.31 -1.85 -0.90 - -0.35
Long-Term Debt to NOPAT		 1.66 1.10 1.08 1.04 1.39 1.64 1.32 2.34 2.29 - 2.14
Noncontrolling Interest Sharing Ratio		 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)		 -481 -278 -50 -51 4.98 -211 -89 -338 -292 - -319
Operating Cash Flow to CapEx		 2,250.70% 1,720.93% 986.11% 2,015.82% 911.79% 943.74% 1,909.68% 866.04% 991.02% - 1,678.63%
Free Cash Flow to Firm to Interest Expense		 -20.10 -8.52 -1.28 -1.27 0.12 -5.14 -2.22 -7.97 -6.43 - -7.90
Operating Cash Flow to Interest Expense		 3.71 3.29 1.55 2.36 1.41 0.93 2.07 0.85 0.87 - 1.81
Operating Cash Flow Less CapEx to Interest Expense		 3.55 3.10 1.39 2.24 1.26 0.83 1.96 0.75 0.78 - 1.71
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.07 0.07 0.07 0.07 0.07 0.06 0.06 0.06 0.06 - 0.06
Fixed Asset Turnover		 6.46 6.54 6.66 6.80 6.83 6.82 6.86 6.96 7.08 - 7.53
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,547 1,394 1,416 1,428 1,589 1,656 1,551 1,818 1,933 - 1,924
Invested Capital Turnover		 0.53 0.56 0.51 0.51 0.45 0.47 0.48 0.44 0.41 - 0.43
Increase / (Decrease) in Invested Capital		 526 325 100 102 42 261 135 390 344 - 373
Enterprise Value (EV)		 1,295 1,177 1,172 1,226 1,688 1,759 1,369 1,562 1,756 - 1,667
Market Capitalization		 1,372 1,720 1,720 1,760 2,092 1,942 1,817 1,922 1,936 - 1,742
Book Value per Share		 $23.24 $25.36 $25.86 $26.12 $28.31 $27.33 $28.54 $29.71 $30.89 - $32.35
Tangible Book Value per Share		 $20.98 $23.13 $23.66 $23.95 $26.15 $25.17 $26.38 $27.56 $28.75 - $30.14
Total Capital		 1,547 1,394 1,416 1,428 1,589 1,656 1,551 1,818 1,933 - 1,924
Total Debt		 451 201 201 201 271 401 256 484 557 - 557
Total Long-Term Debt		 301 201 201 201 271 326 256 457 457 - 457
Net Debt		 -77 -543 -549 -535 -404 -183 -448 -360 -180 - -75
Capital Expenditures (CapEx)		 3.95 6.25 6.19 4.72 6.38 4.06 4.35 4.15 3.99 - 4.36
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 451 201 201 201 271 401 256 484 557 - 557
Total Depreciation and Amortization (D&A)		 7.67 5.71 4.01 5.04 7.17 6.51 6.00 6.97 6.55 - 5.89
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.95 $1.00 $1.06 $1.09 $1.01 $1.09 $1.01 $1.15 $1.17 $1.27 $1.26
Adjusted Weighted Average Basic Shares Outstanding		 47.06M 47.08M 47.00M 46.56M 45.90M 45.39M 44.91M 44.52M 43.96M 43.06M 42.26M
Adjusted Diluted Earnings per Share		 $0.95 $0.99 $1.05 $1.08 $1.00 $1.10 $1.00 $1.15 $1.16 $1.27 $1.26
Adjusted Weighted Average Diluted Shares Outstanding		 47.39M 47.55M 47.34M 47.13M 46.85M 46.90M 45.51M 45.03M 44.66M 44.76M 42.96M
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		 47.06M 47.08M 47.00M 46.56M 45.90M 45.39M 44.91M 44.52M 43.96M 43.06M 42.26M
Normalized Net Operating Profit after Tax (NOPAT)		 45 47 50 51 47 50 46 52 52 - 54
Normalized NOPAT Margin		 26.02% 25.57% 28.49% 28.44% 26.90% 27.56% 25.52% 28.41% 27.84% - 29.00%
Pre Tax Income Margin		 38.20% 37.55% 38.93% 39.63% 35.36% 28.89% 33.29% 36.13% 32.96% - 36.99%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.75 2.10 1.73 1.77 1.50 1.29 1.48 1.55 1.35 - 1.71
NOPAT to Interest Expense		 1.88 1.43 1.26 1.27 1.14 1.23 1.14 1.22 1.14 - 1.34
EBIT Less CapEx to Interest Expense		 2.59 1.90 1.57 1.65 1.35 1.19 1.37 1.46 1.26 - 1.60
NOPAT Less CapEx to Interest Expense		 1.71 1.24 1.11 1.15 0.99 1.13 1.03 1.12 1.05 - 1.23
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 22.04% 22.55% 22.57% 22.47% 22.93% 23.03% 24.07% 24.84% 25.13% - 25.05%
Augmented Payout Ratio		 32.31% 32.81% 31.07% 36.23% 35.47% 58.52% 72.37% 64.45% 73.94% - 77.84%

Financials Breakdown Chart

Key Financial Trends

OFG Bancorp’s latest quarter showed solid profitability, but the balance sheet and cash flow trends point to some pressure from deposit outflows and a heavier reliance on earning assets and capital actions.

  • Revenue and earnings remained healthy in Q1 2026. Total revenue was $186.0 million, up modestly from $184.3 million in Q4 2025, while net income was $53.9 million versus $55.9 million in the prior quarter.
  • Net interest income held up well. Q1 2026 net interest income was $153.8 million, slightly above Q4 2025’s $152.7 million, showing the core banking engine is still producing consistent earnings.
  • Fee and service income continues to contribute meaningfully. Non-interest income was $32.2 million in Q1 2026, helped by other service charges and other non-interest income.
  • Credit losses remain manageable relative to revenue. The provision for credit losses was $22.5 million in Q1 2026, below the $31.9 million provision in Q4 2025, which is a step in the right direction.
  • Capital returns remain active. OFG paid a $0.35 quarterly dividend per share in Q1 2026, while also continuing share repurchases.
  • Loan balances are trending higher over the long term, but were mixed quarter to quarter. Net loans and leases were $8.03 billion in Q1 2026, up from $7.67 billion in Q1 2025, though slightly below Q4 2025’s $8.05 billion level.
  • Equity remains adequate but has not grown much recently. Total common equity was $1.37 billion in Q1 2026, about flat with late 2025 and above the $1.30 billion level seen a year earlier.
  • Net interest margin support appears to come partly from higher earning assets and securities activity. Trading account securities and investment activity remain sizable on the balance sheet and in cash flow.
  • Deposits fell sharply in Q1 2026. Net change in deposits was -$415.7 million, reversing the deposit growth seen in Q4 2025 and adding funding pressure.
  • Cash balance declined sharply. Cash and due from banks fell to $631.7 million in Q1 2026 from $737.1 million in Q3 2025 and $703.5 million in Q1 2025, while net change in cash was -$403.8 million in the quarter.

Over the last four years, OFG has been a consistent earner. Quarterly net income has generally stayed in a fairly tight range, with recent quarters clustering around the low-to-mid $50 million level. EPS has also been stable, with Q1 2026 basic and diluted EPS both at $1.26, above the roughly $1.00–$1.15 range seen in much of 2024 and 2025.

The main watch item is funding stability. Deposits have been volatile, and the latest quarter showed a large outflow. At the same time, OFG has continued returning capital through dividends and buybacks, which supports shareholders but also uses cash. If deposit trends stabilize, the bank’s earnings profile looks durable; if not, funding costs and liquidity management could become a bigger concern.

Bottom line: OFG Bancorp still looks fundamentally profitable and reasonably well-capitalized, but investors should keep an eye on deposit trends, cash levels, and credit provisioning to see whether recent earnings strength can be sustained.

06/08/26 10:39 PM ETAI Generated. May Contain Errors.

OFG Bancorp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, OFG Bancorp's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

OFG Bancorp's net income appears to be on an upward trend, with a most recent value of $205.10 million in 2025, falling from -$2.50 million in 2015. The previous period was $198.17 million in 2024. See OFG Bancorp's forecast for analyst expectations on what's next for the company.

Over the last 10 years, OFG Bancorp's total revenue changed from $389.95 million in 2015 to $731.44 million in 2025, a change of 87.6%.

OFG Bancorp's total liabilities were at $11.08 billion at the end of 2025, a 8.1% increase from 2024, and a 78.6% increase since 2015.

In the past 10 years, OFG Bancorp's cash and equivalents has ranged from $442.10 million in 2018 to $2.14 billion in 2020, and is currently $1.04 billion as of their latest financial filing in 2025.


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Financial statements for NYSE:OFG last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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