OFG BANCORP Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| (In thousands, except per share data) | |||||||||||||||||
| Income available to common shareholders | $ | 205,103 | $ | 198,170 | $ | 181,872 | |||||||||||
| Average common shares outstanding | 44,552 | 46,637 | 47,258 | ||||||||||||||
| Effect of dilutive securities: | |||||||||||||||||
| Average potential common shares-options | 208 | 265 | 294 | ||||||||||||||
| Total weighted average common shares outstanding and equivalents | 44,760 | 46,902 | 47,552 | ||||||||||||||
| Earnings per common share - basic | $ | 4.60 | $ | 4.25 | $ | 3.85 | |||||||||||
| Earnings per common share - diluted | $ | 4.58 | $ | 4.23 | $ | 3.83 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 26, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.