OFG BANCORP

Listed Company

OFGCIK 0001030469NYSELarge AcceleratedState Commercial BanksPuerto RicoPRFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

—

Total Assets

$12.47B

Equity

$1.39B

Shares Out

42.26M

Op. Cash Flow

$217.72M

OFG$50.11+10.08% · past yearDBEQ Basic

Daily closing prices

Business

OFG Bancorp is a financial holding company whose principal subsidiary, Oriental Bank, is an FDIC-insured Puerto Rico commercial bank offering comprehensive banking and financial services. The company provides commercial, consumer, auto, and mortgage lending; financial planning; insurance sales; investment advisory and security brokerage services; and corporate trust services. OFG operates through three reportable segments—Banking, Wealth Management, and Treasury—serving customers primarily in Puerto Rico and the U.S. Virgin Islands, with selected loan products offered in the continental United States.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans	630	614	555	460	434
Mortgage-backed securities	116	92	50	31	12
Investment securities and other	35	45	44	24	4
Total interest income	781	750	649	516	449
Deposits	153	150	76	32	39
Securities sold under agreements to repurchase	3	542,000	3	0	0
Advances from FHLB and other borrowings	17	11	9	733,000	2
Total interest expense	172	162	88	33	—
Net interest income	608	588	561	482	407
Provision for credit losses	108	82	61	24	221,000
Net interest income after provision for credit losses	501	506	500	458	407
Banking service revenue	64	67	70	71	72
Wealth management revenue	38	36	33	33	35
Mortgage banking activities	19	19	19	22	23
Total banking and financial service revenues	121	121	122	126	129
Other non-interest income	2	2	7	6	5
Total non-interest income	123	123	128	132	133
Compensation and employee benefits	162	160	156	143	133
Occupancy, equipment and infrastructure costs	60	59	59	51	50
Electronic banking charges	47	43	41	40	37
Information technology expenses	27	28	27	22	19
Professional and service fees	24	19	19	25	20
Taxes, other than payroll and income taxes	16	14	13	13	14
Insurance	11	11	10	10	10
Advertising, business promotion, and strategic initiatives	11	10	9	8	7
Loan servicing and clearing expenses	9	8	8	9	—
Communication	5	5	5	4	5
Printing, postage, stationery and supplies	4	4	3	4	4
Director and investor relations	1	1	1	1	1
Foreclosed real estate and other repossessed assets expenses (income), net	1	3	−405,000	−2	−3
Other	11	12	12	19	21
Total non-interest expense	390	376	363	346	326
Income before income taxes	234	254	265	244	215
Income tax expense	29	56	83	78	68
Net income available to common shareholders	205	198	182	166	145
Basic (in dollars per share)	4.6	4.25	3.85	3.46	2.85
Diluted (in dollars per share)	4.58	4.23	3.83	3.44	2.81
Average common shares outstanding and equivalents (in shares)	45	47	48	48	51
Cash dividends per share of common stock (in dollars per share)	1.2	1	0.88	0.7	0.4

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	1,036	584	744	546	2,015
Money market investments	4	7	5	4	9
Total cash and cash equivalents	1,040	591	748	550	2,023
Trading securities, at fair value, with amortized cost of $163 (December 31, 2024 - $163)	23,000	18,000	13,000	9,000	20,000
Investment securities available-for-sale, at fair value, with amortized cost of $2,529,325 (December 31, 2024 - $2,444,135); no allowance for credit losses	2,511	2,338	2,099	1,413	—
Investment securities held-to-maturity, at amortized cost, with fair value of $225,065 (December 31, 2024 - $267,174); no allowance for credit losses	269	327	549	535	—
Equity securities	63	55	38	24	18
Total investments	2,843	2,720	2,687	1,972	896
Loans held-for-sale, at lower of cost or fair value	16	18	28	41	83
Loans held-for-investment, net of allowance for credit losses of $202,341 (December 31, 2024 - $175,863)	7,999	7,616	7,373	6,683	—
Total loans	8,014	7,634	7,402	6,723	6,329
Foreclosed real estate	2	4	11	11	15
Accrued interest receivable	71	72	71	62	57
Deferred tax assets, net	104	6	5	55	99
Premises and equipment, net	94	105	104	107	92
Customers' liability on acceptances	22	32	26	29	35
Servicing assets	66	70	50	51	49
Goodwill	84	84	84	84	86
Other intangible assets	10	15	21	28	36
Operating lease right-of-use assets	21	19	22	25	29
Other assets	92	149	115	121	153
Total assets	12,466	11,501	11,344	9,819	9,900
Demand deposits	5,800	5,627	6,050	5,177	5,204
Savings accounts	2,260	2,065	2,088	2,228	2,178
Time deposits	2,203	1,912	1,624	1,164	1,221
Total deposits	10,263	9,605	9,762	8,568	8,603
Securities sold under agreements to repurchase	101	75	0	—	—
Advances from the FHLB	457	326	201	27	28
Other borrowings	9,000	0	2,000	318,000	0
Total borrowings	557	401	201	27	65
Acceptances executed and outstanding	22	32	26	29	35
Operating lease liabilities	23	21	24	27	30
Deferred tax liabilities, net	0	41	22	0	—
Accrued expenses and other liabilities	210	147	116	125	96
Total liabilities	11,076	10,246	10,151	8,776	8,831
Commitments and contingencies (See Note 24)	—	—	—	—	—
Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 43,257,167 shares outstanding (December 31, 2024 - 59,885,234 shares issued; 45,440,269 shares outstanding)	60	60	60	60	60
Additional paid-in capital	643	640	639	637	637
Legal surplus	189	170	151	134	118
Retained earnings	905	772	639	516	400
Treasury stock, at cost, 16,628,067 shares (December 31, 2024 - 14,444,965 shares)	−389	−297	−228	−211	—
Accumulated other comprehensive loss, net of tax of $1,537 (December 31, 2024 - $16,091)	−17	−90	−67	−93	5
Total stockholders equity	1,390	1,254	1,193	1,042	1,069
Total liabilities and stockholders equity	12,466	11,501	11,344	9,819	9,900

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of premiums, net of accretion of fair value discounts, on loans and amortization of deferred loan origination costs, net of fees	809,000	3	1	683,000	−10
Accretion of investment securities discounts, net of amortization of premiums	−1	−7	−4	−4	3
Amortization of other intangible assets	5	6	7	9	10
Net change in operating leases	−295,000	−113,000	297,000	360,000	469,000
Depreciation and amortization of premises and equipment	20	21	20	16	14
Deferred income tax (benefit) expense, net	−154	22	67	61	64
Stock-based compensation	6	7	5	4	6
Sale of securities	0	7,000	1	247,000	−19,000
Sale of loans	−4	−1	−7	−1	−7
Foreclosed real estate and other repossessed assets	−2	−557,000	−6	−12	−10
Sale of other assets	−1	−1,000	106,000	−5	−571,000
Disposals of other assets	6	0	0	—	—
Originations and purchases of loans held-for-sale	−132	−123	−68	−186	−354
Proceeds from sale of loans held-for-sale	50	81	36	98	221
Accrued interest receivable	612,000	−250,000	−9	−6	10
Servicing assets	4	533,000	1	−2	−2
Other assets	56	−31	5	35	−9
Accrued interest on deposits and borrowings	3	520,000	3	34,000	−861,000
Accrued expenses and other liabilities	47	−5	279,000	−34	18
Net cash provided by operating activities	218	253	296	164	100
Investment securities available-for-sale	−527	−1,326	−1,035	−1,267	−29
Investment securities held-to-maturity	0	0	−35	−197	−380
Mortgage servicing rights	0	−20	0	0	—
FHLB stock	−30	−77	−45	−122,000	0
Equity securities	−5	−7	−6	−5	−8
Investment securities available-for-sale	526	991	274	133	102
Investment securities held-to-maturity	22	222	22	29	12
FHLB stock	27	67	36	83,000	2
Investment securities available-for-sale	0	149	202	242	2
Foreclosed real estate and other repossessed assets, including write-offs	54	48	60	49	45
Loans held-for-investment	14	0	0	0	5
Premises and equipment	1	1,000	38,000	5	570,000
Origination and purchase of loans, excluding loans held-for-sale	−3,463	−2,971	−3,586	−2,885	−2,037
Principal repayment of loans	2,960	2,608	2,726	2,412	2,124
Additions to premises and equipment	−18	−21	−18	−31	−23
Net cash used in investing activities	−438	−336	−1,405	−1,513	−183
Deposits	662	−153	1,195	7	153
Securities sold under agreements to repurchase	25	75	0	0	0
FHLB advances and other borrowings	130	125	173	−2	−39
Employee awards repurchased, net of exercise of stock options and restricted units lapsed	−4	−4	−2	—	—
Purchase of treasury stock	−92	−70	−19	−64	−50
Dividends paid on common stock	−52	−46	−41	−30	−20
Net cash provided by (used in) financing activities	670	−74	1,307	−125	−49
Net change in cash and cash equivalents	449	−157	198	−1,473	−132
Interest paid	165	157	80	27	35
Income taxes paid	82	40	15	5	3
Operating lease liabilities paid	9	10	10	10	11
Mortgage loans held-for-sale securitized into mortgage-backed securities	83	75	94	126	149
Transfer from loans to foreclosed real estate and other repossessed assets	48	45	53	37	40
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio	13	35	53	17	55
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio	16	14	9	23	7
Financed repayment of debt security at maturity	35	0	0	—	—
Financed sales of foreclosed real estate	711,000	1	585,000	2	1
Delinquent loans booked under the GNMA buy-back option	56	49	19	33	15
Conversion of debt security to equity security	0	0	376,000	2	0

Filings

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Frequently asked questions

What is OFG BANCORP's CIK number?

OFG BANCORP's SEC CIK number is 0001030469 (1030469). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find OFG BANCORP's SEC filings?

All of OFG BANCORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did OFG BANCORP last report earnings?

OFG BANCORP (OFG) most recently filed an earnings 8-K with the SEC on Apr 21, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001030469-26-000022). This is OFG BANCORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is OFG BANCORP's most recent earnings 8-K?

OFG BANCORP's latest earnings 8-K (Item 2.02) was filed Apr 21, 2026 under accession 0001030469-26-000022. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View OFG BANCORP's latest earnings 8-K →
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