OFG Bancorp (OFG)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$746.8M

Revenue growth

4.0%

Net income, last twelve months

$220.4M

Net margin

29.5%

Free cash flow

$202.7M

Return on equity

15.7%

Market value

$2.1B

Price to earnings

10.0x

Dividend yield

2.6%

Cash

$745.7M

Debt

$556.6M

Debt to equity

0.40

Shares outstanding

42.3M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

Company events

The newest 8-K filings of 218 held.

Every filing

The newest filings with the SEC of 558 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

287 funds held it at 30 Jun 2026: 136 added and 81 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Bank of Nova Scotia (BNS): revenue $27.0B, market value $116.9B
• Bank of New York Mellon Corp. (BNY): revenue $21.4B, market value $100.9B
• Itaú Unibanco Holding S.A. (ITUB): revenue $30.1B, market value $81.6B
• Fifth Third Bancorp (FITB): revenue $10.7B, market value $48.5B
• State Street Corp. (STT): revenue $15.5B, market value $47.4B
• M&T Bank Corp. (MTB): revenue $10.0B, market value $31.8B
• Northern Trust Corp. (NTRS): revenue $9.1B, market value $31.4B
• Banco Bradesco S.A. (BBD): revenue –, market value $28.9B
• Citizens Financial Group Inc. (CFG): revenue $8.9B, market value $27.5B
• First Citizens Bancshares Inc. (FCNCA): revenue $9.6B, market value $26.9B

What the company does

OFG is a financial holding company headquartered in San Juan, Puerto Rico. Its principal subsidiary is Oriental Bank, an FDIC insured Puerto Rico commercial bank founded as a federal savings and loan in 1964. OFG reports three segments: Banking, Wealth Management, and Treasury. The Bank has 42 branches in Puerto Rico and 2 in the U.S. Virgin Islands, and the company had 2,185 employees on 31 December 2025.

How the business is organised

Most products and services go to clients in Puerto Rico and the USVI, and certain loan products go to clients in the continental United States.

- Oriental Financial Services, a securities broker-dealer and investment adviser. - Oriental Insurance, an insurance agency. - OFG Reinsurance, a captive reinsurance company based in the Cayman Islands. - OFG Ventures, which holds investments. - OFG USA, a commercial lender organized in Delaware that operates out of Charlotte, North Carolina. - OBPEF, a private equity fund under the Puerto Rico Incentives Code that provides senior or subordinated debt financing to eligible borrowers to support the economic development of Puerto Rico.

The Bank also has two international banking entities, Oriental Overseas and Oriental International Bank, Inc. Their services are limited under Puerto Rico law to persons and assets or liabilities located outside of Puerto Rico.

What it lends

Loans fall into four categories.

- Commercial: 42.6% - Auto: 32.1% - Mortgage: 17.0% - Consumer: 8.3%

Auto loans for new or used vehicles come mainly through dealers authorized and approved by the auto credit department. Consumer loans include personal loans, residential solar panel loans, credit cards and lines of credit. Commercial term loans generally run from one to five years, and commercial lines of credit generally have maturities of one year or less.

Through a division of the Bank, OFG originates FHA insured, VA guaranteed and USDA Rural Housing Service guaranteed mortgages. These are primarily securitized into GNMA mortgage-backed securities. Conforming conventional loans are securitized into FNMA or FHLMC securities or sold through the GSE cash window. The Bank is an approved GNMA issuer and an approved seller of FNMA conforming loans. It acts as master servicer for the pools it issues or services. More than 90% of its residential mortgage portfolio is fixed-rate, fully amortizing and fully documented.

The U.S. commercial loan program buys participations in credit facilities to middle-market and lower middle-market borrowers on the mainland. These loans were 10.1% of the gross loan portfolio held for investment.

How it funds itself

Customer deposits are OFG's principal funding source. The Bank gathers them through its branches and a digital sales platform. It offers personal and commercial checking accounts, savings accounts, certificates of deposit and IRAs.

- - - Savings: 22.0% -

The Bank is also a member of the Federal Home Loan Bank of New York, from which it can borrow.

Wealth management and treasury

Oriental Financial Services is a FINRA member. It offers tax-advantaged fixed income securities, mutual funds, stocks and bonds, plus separately managed accounts. It clears transactions through Pershing LLC. Oriental Insurance earns commissions as a licensed agent for policies issued by unaffiliated insurers. OFG Reinsurance reinsures credit insurance on consumer loans originated by the Bank, as well as personal accident and health policies underwritten by unaffiliated insurers. Oriental Trust, the Bank's trust division, provides trustee and paying agent services to retirement plans in Puerto Rico.

Treasury covers OFG's treasury-related functions and its investment portfolio. FNMA and FHLMC certificates made up 80.3% of that portfolio and GNMA certificates 17.3%.

Competition and strategy

Puerto Rico is the main market. OFG competes with other banks, brokerage firms, credit unions, savings and loan cooperatives, small loan companies, insurance agencies and mortgage banks.

The company describes its strategy as becoming a truly digital bank, and says it rests on four pillars: Customer Insights & Personalization, Human Connection, Digital Bank and Business Excellence.

Who regulates it

The Federal Reserve Board supervises OFG as a financial holding company. The Bank's main regulators are the Office of the Commissioner of Financial Institutions of Puerto Rico and the FDIC. The Bank became subject to Consumer Financial Protection Bureau supervision in 2024, and its USVI activities are overseen by the USVI Banking Board.

Its people

None of the 2,185 employees is represented by a collective bargaining group. Average tenure was 11 years at 31 December 2025. In its most recent Gallup employee engagement survey, 93% of employees participated.

*From OFG Bancorp's annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/1030469/000103046926000008/ofg-20251231.htm)*

From the company's 10-K.