OFG Bancorp
Description
OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; and various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company provides investment brokerage, transactional, international trade financing, residential mortgage, and consumer finance services. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.
About
CEO
Mr. José Rafael Fernández
Employees
2,236
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNYS
Address
254 MuNoz Rivera Avenue, San Juan, PR 00918, United States
×
![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 20, 2026 | — | — | — | — |
| Oct 14, 2025 | — | — | — | — |
| Jul 16, 2025 | — | — | — | — |
| Apr 16, 2025 | — | — | — | — |
| Jan 22, 2025 | 0.97 | 1.09 | 0.12 | 12.37% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 4 | 4 | 4 | 4 |
| Average estimate | 0.96 | 0.99 | 4.07 | 4.40 |
| Low estimate | 0.92 | 0.97 | 4.00 | 4.35 |
| High estimate | 1.02 | 1.03 | 4.18 | 4.46 |
| Last year EPS | 1.05 | 1.08 | 4.23 | 4.07 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-8.810%
Next qtr. (Jun 2025)
-8.100%
Current year (Dec 2025)
-3.900%
Next year (Dec 2026)
8.300%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 640.14M | 565.01M | 497.26M | 476.29M | 378.88M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 176.42M | 162.19M | 151.67M | 151.38M | 92.27M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 265.25M | 244.11M | 214.60M | 94.83M | 75.25M |
| Tax provision | 83.38M | 77.87M | 68.45M | 20.50M | 21.41M |
| Net income | 181.87M | 166.24M | 146.15M | 74.33M | 53.84M |
| Basic EPS | 3.85 | 3.46 | 2.85 | 1.32 | 0.93 |
| Diluted EPS | 3.83 | 3.44 | 2.81 | 1.32 | 0.92 |
| Basic average shares | 47.26M | 48.03M | 50.96M | 51.36M | 51.34M |
| Diluted average shares | 47.26M | 48.03M | 50.96M | 51.36M | 51.34M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 181.87M | 166.24M | 146.15M | 74.33M | 53.84M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 743.55M | 546.15M | 2.01B | 2.14B | 844.53M |
| Cash equivalents | 4.62M | 4.16M | 8.95M | 11.91M | 6.78M |
| Cash and cash equivalents | 748.17M | 550.31M | 2.02B | 2.15B | 851.31M |
| Other short term investments | 2.10B | 1.41B | 510.71M | 446.44M | 1.07B |
| Accounts receivable | 71.40M | 62.40M | 56.56M | 65.55M | 37.12M |
| Other receivables | — | — | — | — | 277,000 |
| Inventory | — | — | — | — | — |
| Prepaid assets | 63.04M | 54.88M | 61.06M | 61.33M | 52.56M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 21.73M | 25.36M | 28.85M | 31.38M | 39.11M |
| Land and improvements | 4.03M | 4.03M | 4.08M | 4.36M | 4.36M |
| Machinery furniture equipment | 80.28M | 82.59M | 62.53M | 57.79M | 45.92M |
| Construction in progress | — | — | — | — | — |
| Leases | 19.15M | 17.90M | 20.93M | 22.44M | 21.36M |
| Accumulated depreciation | -75.89M | -72.05M | -73.41M | -76.78M | -65.37M |
| Goodwill | 238.70M | 247.00M | 257.20M | 265.33M | 279.88M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 70.21M | 78.51M | 85.07M | 93.19M | 107.74M |
| Investments and advances | 2.69B | 1.97B | 895.82M | 458.70M | 1.07B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | 125.00M | 96.24M | 154.42M | 185.66M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 224.80M | 54.40M | 95.07M | 134.92M | 155.13M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 22.44M | — | — | — | — |
| Derivative product liabilities | — | — | 804,000 | 1.71M | 913,000 |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 59.89M | 59.89M | 59.89M | 59.89M | 59.89M |
| Retained earnings | 639.32M | 516.37M | 399.95M | 300.10M | 279.65M |
| Other shareholders equity | 83.95M | 40.49M | 122.84M | 114.29M | 94.77M |
| Total shareholders equity | 1.19B | 1.04B | 1.07B | 1.09B | 1.05B |
| Additional paid in capital | 638.67M | 636.79M | 637.06M | 622.65M | 621.52M |
| Treasury stock | 228.35M | 211.14M | 150.57M | 102.95M | 102.34M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||
| Net Income | 181.87M | 166.24M | 146.15M | 74.33M | 53.84M | 84.41M | 52.65M | 59.19M | -2.50M | 85.18M | 98.45M | 24.56M | 34.45M | 9.83M | 22.95M | 26.79M | 41.27M | -5.11M | 59.67M | 59.72M | 51.32M | 38.45M | 8.47M | 19.57M | 26.70M | 21.40M | 16.60M | 14.70M | 12.10M | 7.00M | 1.60M | 1.00M | — | -500,000 |
| Depreciation | 27.29M | 24.31M | 23.93M | 23.76M | 9.68M | 10.22M | 10.46M | 11.10M | 13.01M | 12.37M | 12.90M | 5.08M | 5.62M | 5.86M | 5.99M | 5.44M | 5.49M | 9.44M | 13.08M | 14.53M | 9.77M | 4.31M | 4.26M | 4.39M | 4.99M | -500,000 | -500,000 | -700,000 | 200,000 | 1.00M | 600,000 | 600,000 | 400,000 | 300,000 |
| Deferred Taxes | 67.35M | 61.13M | 63.62M | 27.85M | -4.07M | 14.77M | -3.66M | 23.23M | -37.33M | 24.16M | -11.07M | 1.51M | -1.56M | -10.09M | -1.78M | -9.93M | 1.33M | -3.45M | 982,000 | 397,000 | 76,000 | -1.48M | -99,000 | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 5.00M | 4.19M | 6.25M | 2.17M | 2.13M | 1.40M | 1.01M | 1.27M | 1.64M | 1.04M | 1.82M | 1.55M | 1.31M | 1.19M | 742,000 | 559,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -38.01M | -100.10M | -142.97M | -112.72M | -30.37M | -63.10M | -36.77M | -95.99M | -66.16M | -13.58M | -90.53M | -64.35M | -105.81M | -148.25M | -112.82M | -70.68M | -6.13M | -47.77M | -75.94M | -94.63M | -106.49M | -114.11M | 37.10M | 31.25M | 98.22M | 9.50M | 4.80M | 13.90M | -14.10M | -22.50M | 5.80M | 1.50M | 3.20M | 3.00M |
| Accounts Receivable | -5.94M | -5.79M | 8.68M | -34.14M | 9.99M | 17.20M | -30.68M | -452,000 | 458,000 | -3.90M | -6.24M | -1.13M | 7.48M | 5.59M | 10.26M | 8.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | -1.29M | -2.16M | -4.64M | -1.06M | 582,000 | -5.62M | 2.72M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 6.37M | 33.42M | -10.73M | -3.69M | -1.23M | 4.42M | 13.87M | -10.40M | -12.93M | 11.82M | 24.74M | 4.89M | 5.12M | -17.27M | -26.28M | -9.22M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 243.93M | 183.39M | 94.93M | -22.44M | 39.98M | 69.33M | 6.88M | -12.06M | -103.83M | 115.79M | 27.92M | -32.53M | -54.46M | -152.56M | -106.57M | -45.92M | 41.95M | -46.88M | -2.21M | -19.98M | -45.32M | -72.82M | 49.73M | 55.21M | 129.92M | 30.40M | 20.90M | 27.90M | -1.80M | -14.50M | 8.00M | 3.10M | 3.60M | 2.80M |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditures | -17.82M | -26.22M | -22.48M | -15.21M | -10.74M | -9.82M | -5.90M | -5.25M | -5.28M | -7.88M | -8.23M | -1.76M | -3.08M | -9.34M | -4.51M | -4.85M | -7.03M | -10.55M | -4.07M | -7.36M | -2.87M | -6.47M | -3.79M | -3.66M | -4.99M | -2.70M | -3.70M | -4.40M | -3.20M | -1.70M | -600,000 | -900,000 | -2.60M | -4.40M |
| Net Intangibles | — | — | — | — | — | — | — | — | 5.93M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | -402,000 | 67.27M | — | — | — | — | — | — | -105.36M | — | 89.78M | — | — | — | — | — | — | -1.59M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -1.08B | -1.47B | -417.07M | -161.81M | -2.20M | -271.64M | -182.05M | -206.02M | -501.26M | -386.42M | -33.29M | -1.78B | -807.36M | -6.34B | -12.58B | -4.18B | -3.60B | -1.32B | -2.27B | -2.04B | -1.92B | -951.43M | -1.14B | -385.73M | -518.41M | -297.00M | -74.30M | -211.60M | -163.80M | -126.20M | -73.20M | -64.50M | -49.40M | -78.30M |
| Sale of Investments | 498.04M | 404.32M | 116.65M | 890.64M | 846.15M | 216.13M | 450.89M | 547.96M | 381.14M | 768.18M | 716.00M | 3.99B | 1.51B | 6.71B | 12.93B | 3.80B | 2.17B | 1.78B | 1.94B | 1.36B | 1.74B | 717.37M | 1.01B | 217.21M | 334.73M | 164.80M | 141.10M | 128.00M | 173.60M | 100.70M | 35.50M | 48.10M | 45.30M | 60.30M |
| Investing Cash Flow | -544.57M | -1.04B | -275.62M | 758.61M | 954.12M | -12.93M | 289.66M | 396.08M | 87.80M | 538.28M | 724.25M | 2.21B | 792.25M | 582.43M | 342.01M | -384.87M | -1.38B | 201.67M | -484.62M | -707.39M | -337.76M | -342.54M | -200.80M | -297.30M | -384.27M | -241.20M | -142.40M | -149.40M | -62.50M | -99.60M | -71.10M | -38.10M | -30.10M | -35.20M |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | 105,000 | — | 20.62M | — | — | 1.40B | 2.10B | 5.28B | 4.70B | 2.20B | 769.24M | — | 35.00M | — | — | — | — | 60.00M | 29.00M | 43.50M | 110.60M | 24.00M | — | 8.00M | — |
| Long-Term Debt Payments | — | — | — | — | — | — | — | — | — | — | -350.32M | -105.00M | -2.54M | -715.97M | -1.62B | -2.22B | -5.15B | -4.87B | -2.20B | -564.20M | — | -45.00M | -26.50M | -20.00M | -8.09M | -400,000 | -44.50M | -400,000 | -12.20M | -1.40M | -13.50M | -3.80M | -25.00M | -900,000 |
| Other Financing Charges | — | — | — | — | — | 508,000 | — | -315,000 | — | — | 1.11M | -38.71M | 5.40M | -47.15M | 20.34M | -7.91M | 1.62M | 10.46M | — | — | — | — | — | — | — | -100,000 | -100,000 | — | -100,000 | 100,000 | — | -100,000 | -800,000 | -1.10M |
| Financing Cash Flow | -59.66M | -94.20M | -162.85M | -23.12M | -20.88M | -24.31M | -24.42M | -24.32M | -40.57M | -45.18M | -466.12M | -4.76M | -72.41M | -498.53M | -305.36M | -246.44M | 1.45B | -54.62M | 290.28M | 685.30M | 314.13M | 164.56M | 97.56M | 191.81M | 158.27M | 147.60M | 60.80M | 51.80M | 3.20M | 109.00M | 10.50M | -1.20M | 37.00M | 14.70M |
| Other Cash Details | ||||||||||||||||||||||||||||||||||
| End Cash Position | 748.17M | 550.46M | 2.02B | 2.16B | 852.76M | 450.06M | 488.23M | 513.47M | 536.71M | 573.43M | 621.27M | 855.24M | 591.49M | 440.38M | 277.12M | 66.37M | 88.98M | 34.07M | 24.68M | 17.03M | 17.10M | 10.31M | 29.89M | 33.83M | 35.93M | 19.50M | 41.00M | — | — | — | — | — | — | — |
| Income Tax Paid | 15.01M | 5.13M | 2.79M | 6.26M | 39.38M | 17.78M | 30,000 | 10.05M | 13.97M | 7.11M | 378,000 | 8.03M | 4.11M | 6.28M | 54,000 | 54,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 79.73M | 26.96M | 35.34M | 56.44M | 41.31M | 41.32M | 40.57M | 56.30M | 67.77M | 81.51M | 98.86M | 110.62M | 157.65M | 167.99M | 191.99M | 225.01M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 277.80M | 133.46M | 76.99M | 19.70M | 96.65M | 121.86M | 144.97M | 73.22M | 91.80M | 167.09M | 164.70M | 48.31M | -43.11M | -42.42M | -48.63M | -19.22M | -45.89M | -69.37M | -28.26M | -49.88M | -53.72M | -21.21M | 21.81M | 35.07M | 139.31M | -1.00M | -17.20M | 15.40M | -5.60M | -12.70M | 5.80M | 800,000 | 2.70M | -1.30M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 2,941,535 | 126.90M | 6.41% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,519,126 | 65.54M | 3.31% |
| Schwab Strategic Tr-Schwab U.S. Dividend Equity ETF | Nov 30, 2024 | 1,193,776 | 51.50M | 2.60% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,167,707 | 50.37M | 2.54% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,163,870 | 50.21M | 2.54% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 922,340 | 39.79M | 2.01% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 789,035 | 34.04M | 1.72% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 773,331 | 33.36M | 1.68% |
| American Beacon Small Cap Value Fd | Oct 31, 2024 | 724,252 | 31.24M | 1.58% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 703,622 | 30.35M | 1.53% |
Article
OFG Bancorp: The Picture Looks Better Than I Previously Thought
OFG Bancorp's asset quality and digital-first strategy have driven a 15.2% share price increase, outperforming the S&P 500's 10.4% gain. Despite mixed valuation metrics, OFG Bancorp's strong return on assets and equity, along with diverse income streams, justify a soft 'buy' rating. Recent improvements include a rise in deposits and securities, increased net income, and significant share buybacks, signaling management's optimism.
Feb 8, 2025
Article
Should Value Investors Buy OFG Bancorp (OFG) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Jan 31, 2025
Article
Watch These 5 Stocks That Recently Announced Dividend Hikes
Investors may keep a tab on stocks like FBK, OFG, UTL, SCHW and AJG, which have lately hiked their dividend payments.
Jan 31, 2025
