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OFG

OFG Bancorp

OFG

OFG Bancorp • NYSE
$39.73 ▼ -0.63% (-0.25)
Market Cap $1.75 B
52w High $46.26
52w Low $33.15
Dividend Yield 1.15%
P/E 9.03
Volume 82.91K
Outstanding Shares 43.96M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $216.653M ▲ $81.603M ▲ $51.838M ▲ 23.927% ▼ $1.17 ▲ $67.881M ▼
Q2-2025 $210.33M ▲ $80.354M ▼ $51.801M ▲ 24.628% ▲ $1.15 ▲ $72.196M ▲
Q1-2025 $206.835M ▼ $81.548M ▼ $45.572M ▼ 22.033% ▼ $1.01 ▼ $65.765M ▲
Q4-2024 $210.063M ▲ $86.061M ▲ $50.347M ▲ 23.968% ▲ $1.1 ▲ $59.112M ▼
Q3-2024 $204.855M $80.557M $47M 22.943% $1.01 $68.69M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.83B ▼ $12.23B ▼ $10.854B ▼ $1.375B ▲
Q2-2025 $3.261B ▲ $12.232B ▲ $10.897B ▲ $1.334B ▲
Q1-2025 $2.65B ▼ $11.729B ▲ $10.434B ▲ $1.295B ▲
Q4-2024 $2.929B ▲ $11.501B ▲ $10.246B ▲ $1.254B ▼
Q3-2024 $2.911B $11.461B $10.143B $1.318B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $51.801M ▲ $35.932M ▼ $-308.856M ▼ $414.122M ▲ $141.198M ▲ $31.783M ▼
Q1-2025 $45.572M ▼ $83.071M ▲ $-97.319M ▲ $133.711M ▲ $119.463M ▲ $78.721M ▲
Q4-2024 $50.347M ▲ $38.278M ▼ $-206.802M ▼ $79.074M ▲ $-89.45M ▼ $31.007M ▼
Q3-2024 $47M ▼ $58.145M ▼ $-186.71M ▼ $68.723M ▲ $-59.842M ▼ $34.606M ▼
Q2-2024 $51.131M $95.086M $-105.985M $-3.064M $-13.963M $90.369M

Revenue by Products

Product Q4-2017Q1-2018Q2-2018Q3-2018
Banking
Banking
 $0 ▲$0 ▲$0 ▲$0 ▲
Consolidated Total
Consolidated Total
 $0 ▲$0 ▲$0 ▲$0 ▲
Intersegment Elimination
Intersegment Elimination
 $0 ▲$0 ▲$0 ▲$0 ▲
Major Segment
Major Segment
 $0 ▲$0 ▲$0 ▲$0 ▲
Treasury
Treasury
 $0 ▲$0 ▲$0 ▲$0 ▲
Wealth Management
Wealth Management
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement OFG’s income statement shows a clear, steady strengthening over the past five years. Revenue has climbed meaningfully, and profits have grown even faster than sales, which suggests better pricing, cost control, or a more profitable mix of business. Margins from core banking operations have remained healthy and slightly improved, pointing to disciplined expense management. Earnings per share have risen strongly, helped both by higher profit and efficient capital use. The pattern looks like a solid post‑pandemic recovery that has transitioned into stable, higher‑level profitability rather than a one‑off spike. Key unknowns are the credit quality behind those earnings and how sensitive results are to shifts in interest rates, which aren’t visible in this high‑level data.

Balance Sheet

Balance Sheet The balance sheet has expanded at a measured pace, with total assets rising while shareholder equity also grows, which is usually a healthy combination. Reported debt is modest relative to equity, suggesting a conservative use of wholesale borrowings for a bank, though the main funding source—customer deposits—doesn’t show up in this simplified view. Cash levels have come down from very elevated pandemic-era highs to more typical levels, implying the bank has put excess liquidity to work in loans or securities. Overall, the structure looks reasonably sturdy, but the real risk profile still depends on the mix and quality of loans and investments, which isn’t detailed here.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive and has improved over time, which aligns with the stronger earnings picture. Free cash flow has also risen and tracks operating cash flow closely, because capital spending needs appear modest. That suggests the business does not require heavy physical investment to grow, consistent with a more digital, service‑oriented bank. However, bank cash flow statements can be volatile and heavily influenced by movements in deposits and loans, so the smooth trend shown here should be read as a simplified signal of solid underlying cash profitability rather than a literal picture of all cash movements.

Competitive Edge

Competitive Edge OFG operates as a regional bank with a strong focus on Puerto Rico and positions itself as a nimble challenger to larger incumbents. Its digital‑first strategy, strong mobile offering, and customer‑friendly tools give it a differentiated feel versus more traditional local competitors. Consistent profitability and efficient operations provide financial strength to keep investing and competing. Strategic acquisitions have helped build scale and broaden its customer base. On the risk side, the bank is still tied closely to the economic and regulatory environment of a single region, and larger global or U.S. mainland banks, as well as fintechs, could respond aggressively to defend or gain share in the same market.

Innovation and R&D

Innovation and R&D Innovation at OFG is centered on technology and customer experience rather than formal laboratory-style R&D. The bank has invested early and heavily in its mobile platform, using it as the main channel for payments, loan applications, budgeting tools, and card controls. This digital‑first approach reduces friction for customers and can lower operating costs over time. Looking ahead, OFG is exploring more advanced analytics and AI-driven personalization, and it may lean on partnerships with fintech firms to accelerate new features. The key question is whether it can continue to out‑innovate larger rivals and keep digital engagement high as more players upgrade their own offerings.

Summary

Overall, OFG Bancorp appears to be a steadily improving regional bank with a clear strategic identity built around digital banking in Puerto Rico. Earnings and cash generation have strengthened over several years, while the balance sheet has grown in a controlled way with rising equity and moderate use of additional debt. Its competitive edge comes from agility, technology, and a strong local brand, balanced by concentration in a single geographic market and the usual banking risks around credit quality and interest rates. The story is one of disciplined execution and ongoing digital investment, with future outcomes hinging on economic conditions in its core region and its ability to maintain a lead in customer‑centric digital services.

NEWS

November 3, 2025 · 9:00 AM UTC

OFG Bancorp Declares Regular Quarterly Common Stock Dividend

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October 22, 2025 · 7:30 AM UTC

OFG Bancorp Reports 3Q25 Results

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September 22, 2025 · 9:00 AM UTC

OFG Bancorp to Report 3Q25 Results and Hold Call Wednesday, October 22, 2025

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