OFG Bancorp
- Open
- 49.99
- Day high
- 50.17
- Day low
- 49.77
- Prev close
- 50.07
- Volume
- 437K
- Mkt cap
- $2.1B
- P/E (TTM)
- 10.5
- EPS (TTM)
- $4.78
- P/B
- 1.5
- P/S
- 2.4
- Yield
- 2.60%
- Per share
- $1.30
OFG Bancorp (OFG) is a Financial Services company listed on NYSE. The stock is up 12% over the past year.
OFG Bancorp (OFG) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
OFG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 21, 2026 | $1.02 | $1.26 | +23.5% | $186M | +5.1% |
| Jan 22, 2026 | $1.16 | $1.27 | +9.5% | $184M | +3.5% |
| Oct 22, 2025 | $1.17 | $1.16 | -0.9% | $171M | -8.4% |
| Jul 17, 2025 | $1.05 | $1.15 | +9.5% | $182M | +0.5% |
| Apr 23, 2025 | $1.02 | $1.00 | -2.0% | $167M | -6.3% |
| Jan 22, 2025 | $0.97 | $1.09 | +12.4% | $169M | -3.5% |
| Oct 16, 2024 | $1.02 | $1.00 | -2.0% | $164M | -8.2% |
| Jul 18, 2024 | $0.96 | $1.08 | +12.5% | $166M | +9.0% |
| Apr 18, 2024 | $0.95 | $1.05 | +10.5% | $162M | -7.5% |
| Jan 24, 2024 | $0.93 | $0.94 | +1.1% | $170M | -1.2% |
| Oct 20, 2023 | $0.94 | $0.95 | +1.1% | $160M | +2.3% |
| Jul 20, 2023 | $0.88 | $0.93 | +5.7% | $158M | +16.1% |
OFG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 21, 2026 | Rodriguez Mari Evelynofficer: Chief Retail Banking Officer | Tax | 1,957 | $45.74 |
| May 21, 2026 | Rodriguez Mari Evelynofficer: Chief Retail Banking Officer | Option | 3,500 | — |
| May 21, 2026 | Rodriguez Mari Evelynofficer: Chief Retail Banking Officer | Option | 8,750 | — |
| May 13, 2026 | Velez-Dominguez Rafael Adirector | Grant | 1,500 | — |
| May 6, 2026 | Vazquez Angel E.director | Grant | 1,500 | — |
| May 1, 2026 | Garcia Rodriguez Robertodirector | Grant | 1,500 | — |
| Apr 28, 2026 | Colon Jorgedirector | Grant | 1,500 | — |
| Apr 28, 2026 | FRANQUI ANNETTEdirector | Grant | 1,500 | — |
| Mar 31, 2026 | Harnett Suedirector | Grant | 1,500 | — |
| Mar 27, 2026 | Arizmendi Maritzaofficer: Chief Financial Officer | Grant | 4,090 | — |
| Mar 27, 2026 | Gonzalez Hughofficer: General Counsel | Grant | 2,080 | — |
| Mar 24, 2026 | Grindstaff Lyndadirector | Grant | 1,500 | — |
| Mar 20, 2026 | FERNANDEZ JOSE RAFAELdirector, officer: CEO; Chairman BOD | Grant | 14,390 | — |
| Mar 20, 2026 | Ortiz Cesar Aofficer: Chief Risk Officer | Grant | 2,145 | — |
| Mar 12, 2026 | Rodriguez Mari Evelynofficer: Chief Retail Banking Officer | Grant | 717 | — |
Source: OFG SEC Form 4 filings, latest May 21, 2026. For informational purposes only — not investment advice.
See the full OFG insider & 13F page →OFG Bancorp company profile
Overview
OFG Bancorp (NASDAQ:OFG) is a financial holding company founded in 1964 and headquartered in San Juan, Puerto Rico. The company has been publicly traded since 1987 and operates as the parent company of Oriental Bank, which serves as the primary banking subsidiary. OFG Bancorp has evolved from a regional Puerto Rican bank into a diversified financial services organization with operations spanning Puerto Rico and the U.S. Virgin Islands. The company has positioned itself as a leader in digital banking transformation while maintaining strong ties to the Puerto Rican market, benefiting from the island's economic recovery and federal reconstruction funding following natural disasters.
Business
OFG Bancorp operates in the regional banking sector, providing comprehensive financial services through three main business segments that generate distinct revenue streams. Banking Segment (approximately 85-90% of revenues): This core segment offers traditional banking services including checking and savings accounts, time deposits, and various lending products. The lending portfolio encompasses commercial loans, consumer loans, auto financing, and mortgage lending services. The company operates through a network of 50 branches in Puerto Rico and 2 branches in the U.S. Virgin Islands, with a strong emphasis on digital banking channels that now handle 96% of routine retail transactions. Wealth Management Segment (approximately 5-10% of revenues): This division provides securities brokerage and investment advisory services to both retail and institutional clients. Services include financial planning, insurance services, investment alternatives such as tax-advantaged fixed income securities, mutual funds, stocks and bonds, separately-managed accounts, and mutual fund asset allocation programs. The segment also handles corporate and individual trust services and retirement plan administration. Treasury Segment (approximately 5% of revenues): This segment manages the company's investment portfolio consisting of mortgage-backed securities, U.S. government sponsored agency obligations, U.S. Treasury securities, and money market instruments. It also handles asset/liability management activities, interest rate risk management through derivatives, and participates in public offerings and private placements of debt and equity securities. The company has strategically focused on digital transformation, with digital channels now processing 96% of routine retail customer transactions and 97% of retail deposit transactions, reflecting a significant shift in customer behavior and operational efficiency.
Revenue model
OFG Bancorp generates revenue primarily through traditional banking activities, operating on a net interest margin model supplemented by fee-based services. The company's primary revenue source is net interest income, which represents the difference between interest earned on loans and investments and interest paid on deposits and borrowings. With a net interest margin of approximately 5.40%, this spread-based income accounts for roughly 75-80% of total revenues. The company's loan portfolio of $7.8 billion serves as the primary earning asset, with commercial loans exceeding $3 billion and representing the fastest-growing segment. Auto loans, consumer loans, and mortgages comprise the remainder. The paying customers include businesses of all sizes in Puerto Rico, individual consumers, and government entities. A significant portion of deposits comes from retail customers, with approximately $9.4 billion in customer deposits providing low-cost funding. Fee-based income contributes 20-25% of revenues through wealth management services, trust and fiduciary services, mortgage banking fees, and various banking service charges. The wealth management division serves both retail and institutional clients, generating commissions and advisory fees from investment products and services. Several factors influence the company's profitability margins. Positive margin drivers include Federal Reserve interest rate increases (which benefit asset-sensitive banks), Puerto Rico's economic recovery supported by federal reconstruction funds, improving employment levels, and the company's digital transformation reducing operational costs. Margin pressures come from potential Federal Reserve rate cuts, increased competition for deposits leading to higher funding costs, credit normalization as the economy transitions from post-pandemic conditions, and ongoing investments in technology infrastructure. The company's concentration in Puerto Rico creates both opportunities from economic recovery and risks from regional economic dependence.
Competitive moat
OFG Bancorp possesses a moderate regional moat primarily derived from its dominant market position in Puerto Rico and deep local relationships built over six decades of operation. The company benefits from significant barriers to entry in the Puerto Rican banking market, including regulatory requirements, established branch networks, and cultural and language advantages that favor local institutions over mainland U.S. competitors. The bank's strongest competitive advantages include its comprehensive understanding of local market dynamics, established relationships with Puerto Rican businesses and government entities, and its position as one of the largest banks on the island. The company has successfully leveraged federal reconstruction funds and economic development programs, positioning itself as a key financial partner in Puerto Rico's recovery. Additionally, OFG's aggressive digital transformation has created operational efficiencies and customer convenience that competitors struggle to match. However, the moat faces several vulnerabilities. The company's heavy concentration in Puerto Rico creates geographic risk, as economic downturns or policy changes affecting the island could significantly impact performance. Larger U.S. banks with superior technology resources and capital bases pose ongoing competitive threats, particularly as digital banking reduces the importance of physical branch networks. The relatively small scale compared to major U.S. regional banks limits OFG's ability to invest in cutting-edge technology or compete on pricing for larger commercial relationships. Potential disruption could come from fintech companies offering digital-first banking solutions, cryptocurrency adoption reducing traditional banking demand, or major U.S. banks deciding to aggressively pursue the Puerto Rican market. The company's moat is best described as locally strong but nationally vulnerable, requiring continued investment in technology and service quality to maintain competitive positioning.
Risks & safety
OFG Bancorp demonstrates strong financial stability with adequate capital buffers and manageable risk levels, though some metrics warrant monitoring. • Capital Position: CET1 ratio of 14.45% well above regulatory minimums, providing substantial capital cushion for potential losses or growth opportunities • Liquidity: $591 million in cash and short-term investments with $9.4 billion in customer deposits providing stable funding base; minimal immediate liquidity concerns • Asset Quality: Provision for credit losses at $18-20 million quarterly run rate appears manageable; credit quality remains better than pre-pandemic levels despite normalization trends • Valuation Metrics: Trading at 9.7x P/E ratio and 1.55x book value, suggesting reasonable valuation relative to earnings and tangible assets; EV/EBITDA of 7.1x appears fair for regional bank • Profitability: ROE of 15.8% and ROA of 1.66% indicate strong profitability metrics supporting dividend sustainability and capital generation • Other Considerations: Geographic concentration in Puerto Rico creates single-point-of-failure risk; dependence on federal reconstruction funds poses policy risk; rising interest rate environment benefits near-term but eventual rate cuts could pressure margins
Recent development
Over the past few years, OFG Bancorp has executed a comprehensive digital transformation strategy that has fundamentally changed how customers interact with the bank. The company achieved a milestone where 96% of routine retail transactions now occur through digital channels, supported by investments in mobile banking, online platforms, and self-service technologies. Key digital initiatives include the launch of the Oriental Servicing Portal, virtual teller services, and enhanced mobile payment capabilities. The bank has also focused on product innovation and market expansion, launching new deposit products including the Elite account with cashback programs for affluent customers, the Libre account for mass market retail customers, and the My Biz account targeting small businesses. These products are designed to deepen customer relationships and capture a larger share of customer financial needs. Strategic capital allocation has been another major theme, with the company returning significant capital to shareholders through increased dividends (raised from $0.12 to $0.25 per share over recent years) and share buyback programs totaling $50 million. The company has also made strategic acquisitions, including mortgage servicing rights to build scale and generate additional fee income. The bank has positioned itself to benefit from Puerto Rico's economic recovery, with management consistently highlighting the island's improving employment levels, business activity, and ongoing federal reconstruction funding. Commercial loan growth has been particularly strong, with the portfolio exceeding $3 billion for the first time, reflecting increased business confidence and investment in the local economy.
OFG company profile · for informational purposes only — not investment advice.
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