OFG BANCORP OFG

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived NYSE

OFG is a financial holding company headquartered in San Juan, Puerto Rico. OFG is subject to the provisions of the U.S. Bank Holding Company Act of 1956, as amended, (the "BHC Act") and accordingly, subject to the supervision and regulation of the Board of Governors of the Federal Reserve System (the "Federal Reserve Board"). OFG's principal subsidiary is Oriental Bank (the "Bank"), a Federal Deposit Insurance Corporation ("FDIC") insured Puerto Rico commercial bank founded as a federal savings and loan in 1964.

OFG provides comprehensive banking and financial services and solutions to its clients through the Bank and various other subsidiaries, including commercial, consumer, auto, and mortgage lending, financial planning, insurance sales, investment advisory and security brokerage services, as well as corporate trust services. OFG operates through three major business segments: Banking, Wealth Management, and Treasury. OFG provides most of its products and services to clients in Puerto Rico and U.S. Virgin Islands (the "USVI") and certain loan products in the continental United States. OFG operates through various subsidiaries, including a commercial bank, the Bank, a securities broker-dealer and investment adviser, Oriental Financial Services LLC ("Oriental Financial Services"), an insurance agency, Oriental Insurance, LLC ("Oriental Insurance"), a captive reinsurance company, OFG Reinsurance Ltd ("OFG Reinsurance"), OFG Ventures LLC ("OFG Ventures"), which holds investments, a commercial lender, OFG USA LLC ("OFG USA"), which is a subsidiary of the Bank, and OBPEF LLC ("OBPEF"), as a wholly owned subsidiary of the Bank and a private equity fund under the Puerto Rico Incentives Code, as amended (the "Incentives Code"), whose objective is to provide financing to eligible borrowers, whether in the form of senior or subordinated debt, to support the economic development of Puerto Rico. Most of our subsidiaries are based in San Juan, Puerto Rico and the USVI, except for OFG USA which is organized in Delaware, but operates out of Charlotte, North Carolina, OFG Reinsurance which is based in the Cayman Islands, and OFG Ventures which is based on Delaware.

Last close 51.27 2026-10-23
Market cap $2.17B 2026-06-30 share count
52-week range 35.71 - 54.47

Valuation FY2025 figures against the last close

P/S2.8x
P/E11.2x
P/FCF10.9x
EV/EBITDA—
Dividend yield2.4%
Diluted EPS4.58

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $780.9M$750.3M$648.9M$515.6M$0$0$0$360.4M$345.6M$356.6M
Total operating expenses ——$0$0$0$0$0———
Interest expense $608.5M$588.4M$560.9M$482.1M$41.8M$64.9M$51.0M$44.5M$41.5M$57.2M
Pre-tax income $234.1M$253.7M$265.2M$244.1M$214.6M$94.8M$75.2M$132.8M$68.1M$85.2M
Income tax $29.0M$55.6M$83.4M$77.9M$68.5M$20.5M$21.4M$48.4M$15.4M$26.0M
Net income $205.1M$198.2M$181.9M$166.2M$146.2M$74.3M$53.8M$84.4M$52.6M$59.2M
EPS, basic 4.604.253.853.462.851.320.921.590.881.03
EPS, diluted 4.584.233.833.442.811.320.921.520.881.03
Shares, diluted (wtd. avg.) 44.8M46.9M47.6M48.4M51.4M51.6M51.7M45.4M43.9M43.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.04B$591.1M$748.2M$550.5M$2.02B$2.16B$852.8M$450.1M$488.2M$513.5M
Property, plant and equipment $93.6M$104.5M$104.1M$106.8M$92.1M$83.8M$81.1M$68.9M$67.9M$70.4M
Goodwill $84.2M$84.2M$84.2M$84.2M$86.1M$86.1M$86.1M$86.1M$86.1M$86.1M
Other intangibles $9.9M$14.8M$20.7M$27.6M$36.1M$45.9M$57.0M$3.4M——
Total assets $12.47B$11.50B$11.34B$9.82B$9.90B$9.83B$9.30B$6.58B$6.19B$6.50B
Total liabilities $11.08B$10.25B$10.15B$8.78B$8.83B$8.74B$8.25B$5.58B$5.24B$5.58B
Retained earnings $904.6M$772.0M$639.3M$516.4M$399.9M$300.1M$279.6M$253.0M$200.9M$177.8M
Total equity $1.39B$1.25B$1.19B$1.04B$1.07B$1.09B$1.05B$999.9M$945.1M$920.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $217.7M$252.5M$295.7M$164.5M$100.0M$35.0M$109.6M$133.4M$151.4M$78.5M
Depreciation and amortisation $20.5M$20.9M$20.4M$15.8M$14.1M$12.7M$8.5M$8.9M$9.0M$9.4M
Stock-based compensation $6.2M$7.2M$5.0M$4.2M$6.2M$2.2M$2.1M$1.4M$1.1M$1.3M
Capital expenditure $18.4M$21.3M$17.9M$31.0M$23.1M$15.3M$13.0M$11.5M$6.5M$5.3M
Investing cash flow -$438.4M-$336.0M-$1.40B-$1.51B-$182.9M$757.5M$842.2M-$488.8M$187.3M$568.1M
Financing cash flow $669.9M-$73.6M$1.31B-$124.7M-$49.0M$510.4M-$549.1M$317.2M-$364.0M-$672.8M
Dividends paid $51.9M$45.6M$41.0M$30.1M$19.7M$14.4M$14.4M$12.8M$10.6M$10.1M
Buybacks $91.6M$70.3M$18.7M$64.1M$49.9M$2.2M$0$0$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001030469-26-000019.

Plot the figures US dollars

  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2016: 356.6M Net income, FY2016: 59.2M Revenue, FY2017: 345.6M Net income, FY2017: 52.6M Revenue, FY2018: 360.4M Net income, FY2018: 84.4M Revenue, FY2019: 0 Net income, FY2019: 53.8M Revenue, FY2020: 0 Net income, FY2020: 74.3M Revenue, FY2021: 0 Net income, FY2021: 146.2M Revenue, FY2022: 515.6M Net income, FY2022: 166.2M Revenue, FY2023: 648.9M Net income, FY2023: 181.9M Revenue, FY2024: 750.3M Net income, FY2024: 198.2M Revenue, FY2025: 780.9M Net income, FY2025: 205.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $356.6M $345.6M $360.4M $0 $0 $0 $515.6M $648.9M $750.3M $780.9M
Gross profit — — — — — — — — — —
Net income $59.2M $52.6M $84.4M $53.8M $74.3M $146.2M $166.2M $181.9M $198.2M $205.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02
  • Annual report filed Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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