Company research
OFG BANCORP
CIK 1030469Updated Sep 24, 2026
SecurityOFG · NYSE · equity
Name history
ORIENTAL FINANCIAL GROUP INC · through May 6, 2013
OFG price & chart
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NYSE:OFG on TradingView ↗About the company
OFG is a registered bank holding company that has elected financial holding company status. OFG is headquartered in San Juan, Puerto Rico. OFG’s three principal subsidiaries, Oriental Bank, Oriental Financial Services LLC and Oriental Insurance LLC, provide a wide range of retail and commercial banking, lending and wealth management products, services, and technology, primarily in Puerto Rico and the U.S. Virgin Islands. Our mission is to make progress possible for our customers, employees, shareholders, and the communities we serve. As of December 31, 2025, OFG had $12.5 billion in total assets, $8.0 billion in net loans, $10.3 billion in deposits and $1.4 billion in stockholders’ equity.
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Recent filings
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Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 12,465,657,000Source | 11,500,734,000Source | 11,344,453,000Source | 9,818,780,000Source |
| Property, Plant and Equipment, NetUSD | 93,554,000Source | 104,512,000Source | 104,102,000Source | 106,820,000Source |
| GoodwillUSD | 84,241,000Source | 84,241,000Source | 84,241,000Source | 84,241,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 9,854,000Source | 14,782,000Source | 20,694,000Source | 27,593,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,040,335,000Source | 591,137,000Source | 748,173,000Source | 550,307,000Source |
| Operating Lease, Right-of-Use AssetUSD | 21,261,000Source | 19,197,000Source | 21,725,000Source | 25,363,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 11,075,652,000Source | 10,246,363,000Source | 10,150,973,000Source | 8,776,374,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 59,885,000Source | 59,885,000Source | 59,885,000Source | 59,885,000Source |
| Additional Paid in CapitalUSD | 642,973,000Source | 639,786,000Source | 638,667,000Source | 636,793,000Source |
| Retained Earnings (Accumulated Deficit)USD | 904,630,000Source | 771,993,000Source | 639,324,000Source | 516,371,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -16,906,000Source | -89,839,000Source | -67,013,000Source | -93,409,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,390,005,000Source | 1,254,371,000Source | 1,193,480,000Source | 1,042,406,000Source |
| Liabilities and EquityUSD | 12,465,657,000Source | 11,500,734,000Source | 11,344,453,000Source | 9,818,780,000Source |
| Deferred Income Tax Liabilities, NetUSD | 0Source | 40,718,000Source | 22,444,000Source | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | — | 34,470,000Source | 17,521,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 20,458,000Source | 20,874,000Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 6,235,000Source | 7,170,000Source | 5,001,000Source | 4,185,000Source |
| Deferred Income Tax Expense (Benefit)USD | -153,673,000Source | 21,561,000Source | 67,349,000Source | 61,126,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 217,719,000Source | 252,500,000Source | 295,657,000Source | 164,456,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -438,378,000Source | -335,979,000Source | -1,404,745,000Source | -1,512,937,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 18,382,000Source | 21,336,000Source | 17,857,000Source | 30,999,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 669,857,000Source | -73,557,000Source | 1,306,797,000Source | -124,705,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 51,874,000Source | 45,646,000Source | 41,011,000Source | 30,090,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 449,198,000Source | -157,036,000Source | 197,709,000Source | -1,473,186,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,040,335,000Source | 591,137,000Source | 748,173,000Source | 550,464,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 165,249,000Source | 156,788,000Source | 79,726,000Source | 26,959,000Source |
| Income Taxes Paid, NetUSD | 81,532,000Source | 40,071,000Source | 15,007,000Source | 5,126,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 4,928,000Source | 5,912,000Source | 6,899,000Source | 8,500,000Source |
| Capitalized Computer Software, AmortizationUSD | 282,000Source | — | — | — |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | -7,000Source | -1,149,000Source | -247,000Source |
| Debt Securities, Realized Gain (Loss)USD | 0Source | -7,000Source | -1,149,000Source | -247,000Source |
| DepreciationUSD | 20,500,000Source | 20,900,000Source | 20,400,000Source | 15,800,000Source |
| Depreciation, NonproductionUSD | 20,458,000Source | 20,875,000Source | 20,387,000Source | 15,812,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 279,000Source | — | — | — |
| Gain (Loss) on Sale of Mortgage LoansUSD | 4,037,000Source | 1,377,000Source | 7,331,000Source | 1,202,000Source |
| Gain (Loss) on Sale of Financing ReceivableUSD | 1,400,000Source | — | — | — |
| Gain (Loss) on Disposition of Other AssetsUSD | 1,077,000Source | 1,000Source | -106,000Source | 4,962,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -6,108,000Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | 0Source | 0Source | 42,000Source |
| GoodwillUSD | 84,241,000Source | 84,241,000Source | 84,241,000Source | 84,241,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | 0Source | 0Source | 0Source | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 29,014,000Source | 55,578,000Source | 83,376,000Source | 77,866,000Source |
| Net Income (Loss) Attributable to ParentUSD | 205,103,000Source | 198,170,000Source | 181,872,000Source | 166,239,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 205,103,000Source | 198,170,000Source | 181,872,000Source | 166,239,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 526,073,000Source | 990,954,000Source | 273,643,000Source | 132,756,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 107,513,000Source | 82,251,000Source | 60,638,000Source | 24,119,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 234,117,000Source | 253,748,000Source | 265,248,000Source | 244,105,000Source |
| Income Tax Expense (Benefit)USD | 29,014,000Source | 55,578,000Source | 83,376,000Source | 77,866,000Source |
| Net Income (Loss) Attributable to ParentUSD | 205,103,000Source | 198,170,000Source | 181,872,000Source | 166,239,000Source |
| Earnings Per Share, BasicUSD per share | 4.6Source | 4.25Source | 3.85Source | 3.46Source |
| Earnings Per Share, DilutedUSD per share | 4.58Source | 4.23Source | 3.83Source | 3.44Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 44,552,000Source | 46,637,000Source | 47,258,000Source | 48,033,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 44,760,000Source | 46,902,000Source | 47,552,000Source | 48,436,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 4,928,000Source | 5,912,000Source | 6,899,000Source | 8,500,000Source |
| Capitalized Computer Software, AmortizationUSD | 282,000Source | — | — | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 1.2Source | 1Source | 0.88Source | 0.7Source |
| Costs and ExpensesUSD | — | — | 0Source | 0Source |
| Current Income Tax Expense (Benefit)USD | 182,687,000Source | 34,017,000Source | 16,027,000Source | 16,740,000Source |
| Debt Securities, Realized Gain (Loss)USD | 0Source | -7,000Source | -1,149,000Source | -247,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 279,000Source | — | — | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 218,105,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 88,010,000Source | 33,493,000Source |
| InterestExpenseOperatingUSD | 172,469,000Source | 161,837,000Source | — | — |
| Interest Expense, Securities Sold under Agreements to RepurchaseUSD | 2,767,000Source | 542,000Source | 3,306,000Source | 0Source |
| Interest Income (Expense), NetUSD | 608,467,000Source | 588,440,000Source | 560,870,000Source | 482,080,000Source |
| Labor and Related ExpenseUSD | 162,426,000Source | 159,710,000Source | 155,827,000Source | 142,930,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 205,103,000Source | 198,170,000Source | 181,872,000Source | 166,239,000Source |