NYSE : OFG
OFG Bancorp — Financial statements
Financials · Banks - Regional · United States
Last price 50.01 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.10B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 639.59M | 629.94M | 613.60M | 554.74M | 460.16M | 433.79M |
| Interest Income on Investments | 144.66M | 151.00M | 136.68M | 94.14M | 55.41M | 15.41M |
| Total Interest Income | 784.24M | 780.94M | 750.28M | 648.88M | 515.57M | 449.20M |
| Interest Paid on Deposits | 143.17M | 152.75M | 150.28M | 75.97M | 32.24M | 39.01M |
| Interest Paid on Borrowings | 23.65M | 19.72M | 11.56M | 12.04M | 1.25M | 2.81M |
| Total Interest Expense | 166.82M | 172.47M | 161.84M | 88.01M | 33.49M | 41.83M |
| Net Interest Income | 617.43M | 608.47M | 588.44M | 560.87M | 482.08M | 407.37M |
| Trust Income | 39.38M | 37.77M | 35.62M | 32.99M | 32.63M | 35.04M |
| Mortgage Banking Activities | 21.83M | 19.13M | 18.64M | 18.79M | 21.93M | 22.51M |
| Gain (Loss) on Sale of Investments | -247.00K | 19.00K | ||||
| Other Non-Interest Income | 68.20M | 66.08M | 68.99M | 76.60M | 77.33M | 77.12M |
| Total Non-Interest Income | 129.41M | 122.98M | 123.25M | 128.38M | 131.65M | 134.69M |
| Revenues Before Loan Losses | 746.84M | 731.44M | 711.69M | 689.25M | 613.73M | 542.06M |
| Provision for Loan Losses | 85.52M | 107.51M | 82.25M | 60.64M | 24.12M | 221.00K |
| Revenue | 661.32M | 623.93M | 629.44M | 628.61M | 589.61M | 541.84M |
| Salaries and Employee Benefits | 159.89M | 156.19M | 152.54M | 150.83M | 138.75M | 127.20M |
| Occupancy Expenses | 46.63M | 48.63M | 47.57M | 46.84M | 38.75M | 36.00M |
| Federal Deposit Insurance | 11.38M | 11.38M | 11.25M | 10.49M | 9.90M | 10.09M |
| Selling, General & Administrative | 97.97M | 89.37M | 84.51M | 81.43M | 79.58M | 76.17M |
| Other Non-Interest Expense | 83.22M | 83.22M | 76.80M | 74.18M | 80.65M | 79.30M |
| Total Non-Interest Expense | 398.81M | 389.81M | 375.69M | 363.37M | 345.55M | 325.76M |
| EBT Excluding Unusual Items | 262.51M | 234.12M | 253.75M | 265.25M | 244.06M | 216.08M |
| Other Unusual Items | 42.00K | -1.48M | ||||
| Pretax Income | 262.51M | 234.12M | 253.75M | 265.25M | 244.10M | 214.60M |
| Income Tax Expense | 37.29M | 29.01M | 55.58M | 83.38M | 77.87M | 68.45M |
| Net Income | 225.22M | 205.10M | 198.17M | 181.87M | 166.24M | 146.15M |
| Preferred Dividends & Other Adjustments | 1.25M | |||||
| Net Income to Common | 225.22M | 205.10M | 198.17M | 181.87M | 166.24M | 144.90M |
| Basic Shares Outstanding | 42.72M | 44.55M | 46.64M | 47.26M | 48.03M | 50.96M |
| Diluted Shares Outstanding | 42.93M | 44.76M | 46.90M | 47.55M | 48.44M | 51.37M |
| EPS (Basic) | 5.27 | 4.60 | 4.25 | 3.85 | 3.46 | 2.84 |
| EPS (Diluted) | 5.24 | 4.58 | 4.23 | 3.83 | 3.44 | 2.81 |
| Dividend Per Share | 1.35 | 1.20 | 1.00 | 0.88 | 0.70 | 0.40 |
| Effective Tax Rate | 14.21% | 12.39% | 21.90% | 31.43% | 31.90% | 31.90% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 566.77M | 1.04B | 591.14M | 748.17M | 550.31M | 2.02B |
| Investment Securities | 67.35M | 64.89M | 91.60M | 570.20M | 531.58M | 31.98M |
| Trading Asset Securities | 22.00K | 23.00K | 18.00K | 13.00K | 9.00K | 20.00K |
| Mortgage-Backed Securities | 2.65B | 2.78B | 2.63B | 2.12B | 1.44B | 863.82M |
| Total Investments | 2.72B | 2.84B | 2.72B | 2.69B | 1.97B | 895.82M |
| Gross Loans | 8.45B | 8.20B | 7.79B | 7.53B | 6.84B | 6.40B |
| Allowance for Loan Losses | -191.83M | -202.34M | -175.86M | -161.11M | -152.67M | -155.94M |
| Net Loans | 8.26B | 8.00B | 7.62B | 7.37B | 6.68B | 6.25B |
| Property, Plant & Equipment | 119.35M | 114.81M | 123.71M | 125.83M | 132.18M | 120.97M |
| Goodwill | 84.24M | 84.24M | 84.24M | 84.24M | 84.24M | 86.07M |
| Other Intangible Assets | 6.90M | 9.85M | 14.78M | 20.69M | 27.59M | 36.09M |
| Loans Held for Sale | 10.29M | 15.54M | 17.73M | 28.34M | 40.59M | 82.66M |
| Accrued Interest Receivable | 71.11M | 71.67M | 71.40M | 62.40M | 56.56M | |
| Other Receivables | 150.10M | 68.37M | 70.19M | 47.86M | 61.42M | 88.76M |
| Restricted Cash | 157.00K | 175.00K | ||||
| Other Current Assets | 30.92M | 42.91M | 103.62M | 88.62M | 83.48M | 96.39M |
| Long-Term Deferred Tax Assets | 127.36M | 104.36M | 6.25M | 4.92M | 55.48M | 99.06M |
| Other Real Estate Owned & Foreclosed | 6.30M | 5.95M | 10.60M | 14.81M | 15.83M | 16.98M |
| Other Long-Term Assets | 68.54M | 66.33M | 70.44M | 49.52M | 50.92M | 50.06M |
| Total Assets | 12.14B | 12.47B | 11.50B | 11.34B | 9.82B | 9.90B |
| Accrued Expenses | 108.96M | 210.00M | 145.77M | 115.05M | 124.13M | 95.44M |
| Interest Bearing Deposits | 5.24B | 6.45B | 6.06B | 2.96B | 5.55B | 5.74B |
| Institutional Deposits | 1.18B | 1.05B | 747.20M | 384.40M | 360.80M | |
| Non-Interest Bearing Deposits | 4.75B | 2.63B | 2.49B | 6.05B | 2.63B | 2.50B |
| Total Deposits | 9.99B | 10.26B | 9.60B | 9.76B | 8.57B | 8.60B |
| Short-Term Borrowings | 200.67M | 155.71M | 345.22M | 26.61M | 29.28M | |
| Current Portion of Leases | 7.64M | |||||
| Accrued Interest Payable | 5.51M | 3.23M | 3.07M | 739.00K | 797.00K | |
| Other Current Liabilities | 23.73M | 22.44M | 31.53M | 25.58M | 28.61M | 35.33M |
| Long-Term Debt | 9.00K | 2.00K | 318.00K | |||
| Federal Home Loan Bank Debt, Long-Term | 401.36M | 401.58M | 55.95M | 200.77M | 103.00K | 8.00K |
| Long-Term Leases | 24.50M | 15.51M | 21.39M | 24.03M | 27.37M | 30.50M |
| Trust Preferred Securities | 36.08M | |||||
| Long-Term Deferred Tax Liabilities | 755.00K | 40.72M | 22.44M | |||
| Other Long-Term Liabilities | 58.69M | 1.00M | 936.00K | 867.00K | 798.00K | |
| Total Liabilities | 10.81B | 11.08B | 10.25B | 10.15B | 8.78B | 8.83B |
| Common Stock | 59.88M | 59.88M | 59.88M | 59.88M | 59.88M | 59.88M |
| Additional Paid-In Capital | 643.65M | 642.97M | 639.79M | 638.67M | 636.79M | 637.06M |
| Retained Earnings | 1.22B | 1.09B | 941.53M | 790.29M | 650.27M | 517.63M |
| Treasury Stock | -445.60M | -389.07M | -296.99M | -228.35M | -211.13M | -150.57M |
| Comprehensive Income & Other | -139.17M | -16.91M | -89.84M | -67.01M | -93.41M | 5.16M |
| Total Common Equity | 1.34B | 1.39B | 1.25B | 1.19B | 1.04B | 1.07B |
| Shareholders' Equity | 1.34B | 1.39B | 1.25B | 1.19B | 1.04B | 1.07B |
| Total Liabilities & Equity | 12.14B | 12.47B | 11.50B | 11.34B | 9.82B | 9.90B |
| Total Debt | 626.54M | 580.46M | 422.56M | 224.80M | 54.40M | 95.87M |
| Net Cash (Debt) | -59.74M | 459.90M | 168.59M | 523.39M | 495.91M | 1.93B |
| Net Cash Per Share | -1.39 | 10.27 | 3.59 | 11.01 | 10.24 | 37.52 |
| Filing Date Shares Outstanding | 42.01M | 43.06M | 45.39M | 47.08M | 47.60M | 48.95M |
| Total Common Shares Outstanding | 42.01M | 43.26M | 45.44M | 47.07M | 47.58M | 49.64M |
| Book Value Per Share | 31.83 | 32.13 | 27.60 | 25.36 | 21.91 | 21.54 |
| Tangible Book Value | 1.25B | 1.30B | 1.16B | 1.09B | 930.57M | 947.00M |
| Tangible Book Value Per Share | 29.66 | 29.96 | 25.43 | 23.13 | 19.56 | 19.08 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 205.10M | 198.17M | 181.87M | 166.24M | 146.15M | |
| Depreciation & Amortization | 25.39M | 26.79M | 27.29M | 24.31M | 23.93M | |
| Gain (Loss) on Sale of Assets | 2.84M | -558.00K | -6.14M | -17.15M | -11.01M | |
| Gain (Loss) on Sale of Investments | -1.29M | -6.71M | -3.30M | -3.38M | 3.09M | |
| Provision for Credit Losses | 107.51M | 82.25M | 60.64M | 24.12M | 221.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -81.83M | -42.05M | -32.06M | -88.28M | -133.00M | |
| Accrued Interest Receivable | 612.00K | -250.00K | -8.94M | -5.83M | 9.54M | |
| Change in Other Net Operating Assets | 106.89M | -35.56M | 6.65M | -728.00K | 7.65M | |
| Other Operating Activities | -153.16M | 24.11M | 68.98M | 62.13M | 55.37M | |
| Operating Cash Flow | 217.72M | 252.50M | 295.66M | 164.46M | 100.04M | |
| Capital Expenditures | -18.38M | -21.34M | -17.86M | -31.00M | -23.05M | |
| Sale of Property, Plant and Equipment | 1.42M | 1.00K | 38.00K | 5.84M | 570.00K | |
| Investment in Securities | 16.84M | 30.23M | -578.36M | -1.06B | -300.41M | |
| Purchase / Sale of Intangibles | -20.38M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -489.01M | -362.88M | -860.17M | -473.01M | 92.69M | |
| Other Investing Activities | 50.75M | 38.39M | 51.60M | 48.77M | 47.28M | |
| Investing Cash Flow | -438.38M | -335.98M | -1.40B | -1.51B | -182.93M | |
| Short-Term Debt Issued | 25.00M | 75.00M | ||||
| Long-Term Debt Issued | 130.01M | 125.00M | 173.07M | |||
| Total Debt Issued | 155.01M | 200.00M | 173.07M | |||
| Long-Term Debt Repaid | -36.51M | -39.17M | ||||
| Net Debt Issued (Repaid) | 155.01M | 200.00M | 173.07M | -36.51M | -39.17M | |
| Issuance of Common Stock | 283.00K | |||||
| Repurchase of Common Stock | -91.60M | -70.32M | -18.65M | -64.11M | -49.87M | |
| Preferred Share Repurchases | -92.00M | |||||
| Common Dividends Paid | -51.87M | -45.65M | -41.01M | -30.09M | -19.72M | |
| Preferred Dividends Paid | -1.25M | |||||
| Total Dividends Paid | -51.87M | -45.65M | -41.01M | -30.09M | -20.97M | |
| Net Increase (Decrease) in Deposit Accounts | 661.85M | -153.22M | 1.20B | 6.91M | 152.70M | |
| Other Financing Activities | -3.53M | -4.37M | -1.69M | -906.00K | ||
| Financing Cash Flow | 669.86M | -73.56M | 1.31B | -124.70M | -49.04M | |
| Net Cash Flow | 449.20M | -157.04M | 197.71M | -1.47B | -131.93M | |
| Free Cash Flow | 199.34M | 231.16M | 277.80M | 133.46M | 76.99M | |
| Free Cash Flow Margin | 31.95% | 36.73% | 44.19% | 22.63% | 14.21% | |
| Free Cash Flow Per Share | 4.45 | 4.93 | 5.84 | 2.75 | 1.50 | |
| Cash Interest Paid | 165.25M | 156.79M | 79.73M | 26.96M | 35.34M | |
| Cash Income Tax Paid | 81.53M | 40.07M | 15.01M | 5.13M | 2.79M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.10B | 1.80B | 1.94B | 1.76B | 1.31B | 1.32B |
| Last Close Price | 50.01 | 40.05 | 40.19 | 34.71 | 24.75 | 23.23 |
| PE Ratio | 9.54 | 8.78 | 9.80 | 9.70 | 7.88 | 9.14 |
| PS Ratio | 3.18 | 2.89 | 3.09 | 2.81 | 2.22 | 2.44 |
| PB Ratio | 1.57 | 1.30 | 1.55 | 1.48 | 1.26 | 1.24 |
| P/FCF Ratio | 10.37 | 9.04 | 8.40 | 6.35 | 9.82 | 17.20 |
| P/OCF Ratio | 9.33 | 8.27 | 7.69 | 5.96 | 7.97 | 13.23 |
| Debt / Equity Ratio | 0.47 | 0.42 | 0.34 | 0.19 | 0.05 | 0.09 |
| Debt / FCF Ratio | 2.91 | 1.83 | 0.81 | 0.41 | 1.25 | |
| Net Debt / Equity Ratio | 0.04 | -0.33 | -0.13 | -0.44 | -0.48 | -1.80 |
| Net Debt / FCF Ratio | -2.31 | -0.73 | -1.88 | -3.72 | -25.04 | |
| Return on Equity (ROE) | 16.61% | 15.51% | 16.19% | 16.27% | 15.75% | 13.56% |
| Return on Assets (ROA) | 1.85% | 1.71% | 1.74% | 1.72% | 1.69% | 1.48% |
| Earnings Yield | 10.48% | 11.39% | 10.20% | 10.31% | 12.68% | 11.04% |
| FCF Yield | 9.65% | 11.07% | 11.90% | 15.75% | 10.18% | 5.82% |
| Dividend Yield | 2.80% | 2.88% | 2.34% | 2.35% | 2.54% | 1.50% |
| Payout Ratio | 25.75% | 25.29% | 23.03% | 22.55% | 18.10% | 14.35% |
| Buyback Yield / Dilution | 5.35% | 4.57% | 1.37% | 1.82% | 5.71% | 0.36% |
| Total Shareholder Return | 8.15% | 7.45% | 3.71% | 4.17% | 8.25% | 1.86% |