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OFG Bancorp (OFG) Financials

OFG Bancorp logo
$41.82 -0.80 (-1.89%)
Closing price 08/1/2025 03:59 PM Eastern
Extended Trading
$41.79 -0.03 (-0.06%)
As of 08/1/2025 04:20 PM Eastern
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Annual Income Statements for OFG Bancorp

Annual Income Statements for OFG Bancorp

This table shows OFG Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 71 -16 45 39 72 47 68 145 166 182 198
Consolidated Net Income / (Loss)		 85 -2.50 59 53 84 54 74 146 166 182 198
Net Income / (Loss) Continuing Operations		 85 -2.50 59 53 84 54 74 146 166 182 198
Total Pre-Tax Income 		122 -20 85 68 133 75 95 215 244 265 254
Total Revenue		 426 390 366 383 396 405 533 541 614 689 712
Net Interest Income / (Expense)		 408 337 299 304 316 323 408 407 482 561 588
Total Interest Income		 485 407 357 346 360 374 473 449 516 649 750
Loans and Leases Interest Income		 436 368 322 312 321 340 457 434 460 555 614
Investment Securities Interest Income		 50 39 35 33 39 34 16 15 55 94 137
Total Interest Expense		 77 69 57 41 45 51 65 42 33 88 162
Deposits Interest Expense		 34 27 29 30 33 39 60 39 32 76 150
Long-Term Debt Interest Expense		 13 13 9.11 3.95 3.78 4.22 1.39 2.82 1.25 8.74 11
Federal Funds Purchased and Securities Sold Interest Expense		 30 30 19 7.22 7.79 7.42 1.34 0.00 0.00 3.31 0.54
Total Non-Interest Income		 17 53 67 79 80 82 124 133 132 128 123
Other Service Charges		 79 74 53 45 54 48 81 100 99 97 88
Net Realized & Unrealized Capital Gains on Investments		 3.76 0.89 -12 6.95 0.00 8.58 12 -1.46 -0.21 -1.15 -0.01
Other Non-Interest Income		 -66 -23 26 27 26 26 32 35 33 33 36
Provision for Credit Losses		 61 162 65 113 56 97 93 0.22 24 61 82
Total Non-Interest Expense		 243 249 216 202 207 233 345 326 346 363 376
Salaries and Employee Benefits		 85 79 77 80 77 83 133 133 143 156 160
Net Occupancy & Equipment Expense		 41 39 37 41 41 40 68 69 73 86 87
Marketing Expense		 7.01 6.45 5.49 5.62 5.08 5.21 5.85 7.00 8.24 8.74 9.71
Other Operating Expenses		 110 124 96 76 84 82 122 116 121 112 120
Income Tax Expense		 37 -18 26 15 48 21 20 68 78 83 56
Basic Earnings per Share		 $1.58 ($0.37) $1.03 $0.88 $1.59 $0.92 $1.32 $2.85 $3.46 $3.85 $4.25
Weighted Average Basic Shares Outstanding		 52.33M 51.46M 51.09M 51.10M 51.35M 51.72M 51.56M 51.37M 47.60M 47.08M 45.39M
Diluted Earnings per Share		 $1.50 ($0.37) $1.03 $0.88 $1.52 $0.92 $1.32 $2.81 $3.44 $3.83 $4.23
Weighted Average Diluted Shares Outstanding		 52.33M 51.46M 51.09M 51.10M 51.35M 51.72M 51.56M 51.37M 48.44M 47.55M 46.90M
Weighted Average Basic & Diluted Shares Outstanding		 52.33M 51.46M 51.09M 51.10M 51.35M 51.72M 51.56M 51.37M 47.60M 47.08M 45.39M
Cash Dividends to Common per Share		 $0.34 $0.36 $0.24 $0.24 $0.25 $0.28 $0.28 $0.40 $0.70 $0.88 $1.00

Quarterly Income Statements for OFG Bancorp

This table shows OFG Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 42 46 46 44 45 47 50 51 47 50 46
Consolidated Net Income / (Loss)		 42 46 46 44 45 47 50 51 47 50 46
Net Income / (Loss) Continuing Operations		 42 46 46 44 45 47 50 51 47 50 46
Total Pre-Tax Income 		63 68 65 66 66 68 68 71 62 53 59
Total Revenue		 157 169 165 170 172 182 174 180 175 183 179
Net Interest Income / (Expense)		 127 135 136 140 142 144 144 147 148 149 149
Total Interest Income		 135 146 149 158 166 176 183 188 189 190 189
Loans and Leases Interest Income		 116 125 128 136 142 149 150 154 154 155 153
Investment Securities Interest Income		 18 21 21 22 24 27 34 33 35 35 36
Total Interest Expense		 8.17 10 13 18 24 33 39 40 41 41 40
Deposits Interest Expense		 7.99 10 12 16 21 27 37 38 38 37 36
Long-Term Debt Interest Expense		 0.18 0.18 0.59 2.43 2.37 3.35 2.53 2.52 2.81 3.15 3.15
Federal Funds Purchased and Securities Sold Interest Expense		 0.00 - - - 0.73 - - - 0.00 - 0.71
Total Non-Interest Income		 31 33 29 30 31 39 30 32 27 34 30
Other Service Charges		 22 25 22 23 23 29 22 24 18 23 21
Net Realized & Unrealized Capital Gains on Investments		 0.00 - 0.00 -1.15 0.00 - -0.01 0.00 0.00 - 0.00
Other Non-Interest Income		 8.17 8.34 7.12 8.19 7.69 9.99 8.11 8.44 8.45 11 8.46
Provision for Credit Losses		 7.12 8.76 9.45 15 16 20 15 16 21 30 26
Total Non-Interest Expense		 87 92 90 89 90 94 91 93 92 100 93
Salaries and Employee Benefits		 35 38 38 38 38 41 40 38 38 43 40
Net Occupancy & Equipment Expense		 18 20 21 22 22 22 21 21 22 23 21
Marketing Expense		 1.93 2.43 2.04 2.06 2.21 2.44 2.38 2.45 2.47 2.42 2.62
Other Operating Expenses		 32 31 29 27 28 28 28 31 29 32 30
Income Tax Expense		 21 22 19 22 21 22 18 20 15 2.44 14
Basic Earnings per Share		 $0.88 $0.97 $0.97 $0.93 $0.95 $1.00 $1.06 $1.09 $1.01 $1.09 $1.01
Weighted Average Basic Shares Outstanding		 47.56M 47.60M 47.53M 47.13M 47.06M 47.08M 47.00M 46.56M 45.90M 45.39M 44.91M
Diluted Earnings per Share		 $0.87 $0.97 $0.96 $0.93 $0.95 $0.99 $1.05 $1.08 $1.00 $1.10 $1.00
Weighted Average Diluted Shares Outstanding		 47.93M 48.44M 47.94M 47.49M 47.39M 47.55M 47.34M 47.13M 46.85M 46.90M 45.51M
Weighted Average Basic & Diluted Shares Outstanding		 47.56M 47.60M 47.53M 47.13M 47.06M 47.08M 47.00M 46.56M 45.90M 45.39M 44.91M
Cash Dividends to Common per Share		 $0.20 $0.20 $0.22 $0.22 $0.22 $0.22 $0.25 $0.25 $0.25 $0.25 $0.30

Annual Cash Flow Statements for OFG Bancorp

This table details how cash moves in and out of OFG Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -48 -37 -26 -25 -38 403 1,303 -132 -1,473 198 -157
Net Cash From Operating Activities		 175 97 79 151 133 110 35 100 164 296 253
Net Cash From Continuing Operating Activities		 175 97 79 152 133 110 35 100 164 296 253
Net Income / (Loss) Continuing Operations		 85 -2.50 59 53 84 54 74 146 166 182 198
Consolidated Net Income / (Loss)		 85 -2.50 59 53 84 54 74 146 166 182 198
Provision For Loan Losses		 61 162 65 113 - 97 93 0.22 24 61 82
Depreciation Expense		 10 11 9.42 8.99 8.90 8.51 13 14 16 20 21
Amortization Expense		 25 21 14 -2.86 12 11 2.37 2.72 5.56 3.79 1.86
Non-Cash Adjustments to Reconcile Net Income		 19 -67 -65 -32 7.88 -41 -88 -80 -43 28 -15
Changes in Operating Assets and Liabilities, net		 -25 -28 -4.11 12 20 -19 -59 16 -4.21 0.71 -35
Net Cash From Investing Activities		 494 153 568 187 -489 842 758 -183 -1,513 -1,405 -336
Net Cash From Continuing Investing Activities		 560 153 568 187 -489 842 758 -183 -1,513 -1,405 -336
Purchase of Property, Leasehold Improvements and Equipment		 -7.92 -5.28 -5.30 -6.47 -11 -13 -15 -23 -31 -18 -21
Purchase of Investment Securities		 -1,212 -1,304 -995 -1,016 -1,701 -1,219 -1,656 -2,454 -4,353 -4,707 -4,400
Sale of Property, Leasehold Improvements and Equipment		 0.03 0.00 123 0.57 1.67 2.23 0.05 0.57 4.78 0.04 0.00
Sale and/or Maturity of Investments		 1,673 1,366 1,443 1,219 1,222 2,004 2,429 2,293 2,866 3,320 4,086
Net Cash From Financing Activities		 -783 -287 -673 -364 317 -549 510 -49 -125 1,307 -74
Net Cash From Continuing Financing Activities		 -783 -287 -673 -364 317 -549 510 -49 -125 1,307 -74
Net Change in Deposits		 -451 -198 -61 126 100 -265 736 153 6.91 1,195 -153
Issuance of Debt		 - - - - - - 0.00 0.00 -35 0.00 0.00
Repayment of Debt		 - - - - - - -13 -39 -1.55 173 125
Repurchase of Common Equity		 -17 -8.95 - - 0.00 0.00 -2.23 -50 -64 -19 -70
Payment of Dividends		 -28 -32 -24 -24 -25 -21 -21 -21 -30 -41 -46
Other Financing Activities, Net		 -286 -48 -588 -466 242 -263 -189 0.28 -0.91 -1.69 71
Cash Interest Paid		 82 68 56 41 41 41 56 35 27 80 157
Cash Income Taxes Paid		 7.11 14 10 0.03 18 39 6.26 2.79 5.13 15 40

Quarterly Cash Flow Statements for OFG Bancorp

This table details how cash moves in and out of OFG Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -492 -265 297 -49 -266 215 6.22 -14 -60 -89 119
Net Cash From Operating Activities		 26 49 52 47 89 108 61 95 58 38 83
Net Cash From Continuing Operating Activities		 26 49 52 47 89 108 61 95 58 38 83
Net Income / (Loss) Continuing Operations		 42 46 46 44 45 47 50 51 47 50 46
Consolidated Net Income / (Loss)		 42 46 46 44 45 47 50 51 47 50 46
Provision For Loan Losses		 7.12 8.76 9.45 15 16 20 15 16 21 30 26
Depreciation Expense		 3.24 5.22 5.04 5.17 5.08 5.10 5.29 5.31 5.43 4.85 5.09
Amortization Expense		 2.50 -1.96 -0.12 0.70 2.59 0.62 -1.28 -0.27 1.74 1.67 0.91
Non-Cash Adjustments to Reconcile Net Income		 -12 -22 -6.83 -14 11 38 -3.87 16 12 -40 -20
Changes in Operating Assets and Liabilities, net		 -17 13 -1.57 -4.07 8.40 -2.05 -3.96 7.09 -30 -8.74 26
Net Cash From Investing Activities		 -374 -22 70 -46 -573 -856 164 -106 -187 -207 -97
Net Cash From Continuing Investing Activities		 -374 -22 70 -46 -573 -856 164 -106 -187 -207 -97
Purchase of Property, Leasehold Improvements and Equipment		 -7.45 -6.17 -3.12 -4.54 -3.95 -6.25 -6.19 -4.72 -6.38 -4.06 -4.35
Purchase of Investment Securities		 -1,050 -887 -642 -1,220 -1,304 -1,542 -699 -1,312 -1,360 -1,030 -987
Sale of Property, Leasehold Improvements and Equipment		 0.02 0.02 0.02 0.01 0.01 - 0.00 - - - 0.00
Sale and/or Maturity of Investments		 683 871 715 1,178 735 692 868 1,211 1,179 827 894
Net Cash From Financing Activities		 -144 -292 175 -50 218 964 -218 -3.06 69 79 134
Net Cash From Continuing Financing Activities		 -144 -292 175 -50 218 964 -218 -3.06 69 79 134
Net Change in Deposits		 -136 -283 -10 -25 5.14 1,225 -206 33 11 8.78 317
Repayment of Debt		 -0.39 -0.27 199 -0.62 74 -100 -0.00 - 70 55 -70
Repurchase of Common Equity		 - - -2.89 -14 -2.19 - 0.00 -24 -0.10 -46 -23
Payment of Dividends		 -7.18 -9.58 -9.57 -11 -10 -11 -10 -12 -12 -12 -11
Other Financing Activities, Net		 - 0.00 -1.74 - 151 -151 -2.17 -0.05 - 73 -78
Cash Interest Paid		 6.61 8.59 11 16 22 30 39 39 40 38 40
Cash Income Taxes Paid		 0.96 0.70 0.00 3.44 - 12 5.09 6.73 22 6.27 3.02

Annual Balance Sheets for OFG Bancorp

This table presents OFG Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 7,449 7,099 6,502 6,189 6,583 9,298 9,826 9,900 9,819 11,344 11,501
Cash and Due from Banks		 569 532 505 478 442 845 2,142 2,015 546 744 584
Trading Account Securities		 1,389 1,598 1,353 1,153 1,267 1,074 503 961 2,012 2,715 2,738
Loans and Leases, Net of Allowance		 4,827 4,434 4,148 4,056 4,432 6,642 0.00 0.00 6,683 7,373 7,616
Customer and Other Receivables		 18 15 24 28 17 22 33 35 29 26 32
Premises and Equipment, Net		 81 75 70 68 69 81 84 92 107 104 105
Goodwill		 86 86 86 86 86 86 86 86 84 84 84
Intangible Assets		 - - - - 3.37 57 46 36 28 21 15
Other Assets		 472 356 313 317 264 490 6,931 6,675 330 278 327
Total Liabilities & Shareholders' Equity		 7,449 7,099 6,502 6,189 6,583 9,298 9,826 9,900 9,819 11,344 11,501
Total Liabilities		 6,507 6,202 5,581 5,244 5,583 8,252 8,740 8,831 8,776 10,151 10,246
Interest Bearing Deposits		 4,924 4,718 4,664 4,799 4,908 7,699 8,416 8,603 8,568 9,762 9,605
Short-Term Debt		 980 943 656 194 456 190 2.42 0.80 0.32 0.00 75
Bankers Acceptance Outstanding		 18 15 24 28 17 22 33 35 29 26 32
Other Short-Term Payables		 - 92 95 87 - - 154 96 125 116 147
Long-Term Debt		 440 435 142 136 115 115 102 65 27 201 326
Other Long-Term Liabilities		 145 - - - 88 226 33 30 27 46 62
Commitments & Contingencies		 - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 942 897 920 945 1,000 1,045 1,086 1,069 1,042 1,193 1,254
Total Preferred & Common Equity		 942 897 920 945 1,000 1,045 1,086 1,069 1,042 1,193 1,254
Total Common Equity		 850 805 828 853 908 953 994 1,069 1,042 1,193 1,254
Common Stock		 592 593 594 594 679 681 683 697 697 699 700
Retained Earnings		 181 149 178 201 253 280 300 400 516 639 772
Treasury Stock		 -97 -105 -105 -105 -104 -102 -103 -151 -211 -228 -297
Accumulated Other Comprehensive Income / (Loss)		 20 14 1.60 -2.95 -11 -1.01 11 5.16 -93 -67 -90
Other Equity Adjustments		 154 154 160 165 90 96 103 118 134 151 170

Quarterly Balance Sheets for OFG Bancorp

This table presents OFG Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 10,058 10,058 10,032 10,257 11,159 11,259 11,461 11,729
Cash and Due from Banks		 810 844 796 529 750 735 675 703
Trading Account Securities		 2,104 1,950 1,734 2,100 2,511 2,497 2,624 2,803
Loans and Leases, Net of Allowance		 0.00 0.00 6,958 7,104 7,383 7,482 7,589 7,671
Customer and Other Receivables		 29 30 36 31 26 29 26 35
Premises and Equipment, Net		 106 105 104 103 105 104 105 104
Goodwill		 86 84 84 84 84 84 84 84
Intangible Assets		 30 26 24 22 19 18 16 14
Other Assets		 6,893 7,018 296 283 282 310 342 315
Total Liabilities & Shareholders' Equity		 10,058 10,058 10,032 10,257 11,159 11,259 11,461 11,729
Total Liabilities		 9,064 8,968 8,932 9,162 9,944 10,031 10,143 10,434
Interest Bearing Deposits		 8,855 8,565 8,538 8,542 9,548 9,605 9,609 9,923
Short-Term Debt		 0.14 0.13 0.00 151 0.00 0.00 0.00 0.00
Bankers Acceptance Outstanding		 29 30 36 31 26 29 26 35
Other Short-Term Payables		 125 120 107 115 122 140 158 155
Long-Term Debt		 27 227 227 301 201 201 271 256
Other Long-Term Liabilities		 28 26 24 22 47 56 80 65
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 994 1,090 1,100 1,095 1,216 1,228 1,318 1,295
Total Preferred & Common Equity		 994 1,090 1,100 1,095 1,216 1,228 1,318 1,295
Total Common Equity		 994 1,090 1,100 1,095 1,216 1,228 1,318 1,295
Common Stock		 695 695 696 697 696 698 699 698
Retained Earnings		 484 548 577 607 672 707 738 802
Treasury Stock		 -211 -213 -226 -228 -227 -251 -251 -321
Accumulated Other Comprehensive Income / (Loss)		 -104 -78 -90 -128 -82 -86 -33 -58
Other Equity Adjustments		 129 138 143 147 156 161 165 174

Annual Metrics And Ratios for OFG Bancorp

This table displays calculated financial ratios and metrics derived from OFG Bancorp's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.23% -8.42% -6.08% 4.54% 3.43% 2.35% 31.46% 1.46% 13.54% 12.30% 3.26%
EBITDA Growth		 5.59% -92.26% 789.64% -31.72% 106.65% -38.38% 16.26% 110.63% 14.70% 9.02% -4.47%
EBIT Growth		 36.44% -116.38% 524.67% -20.06% 95.04% -43.34% 26.01% 126.31% 13.75% 8.66% -4.34%
NOPAT Growth		 -13.47% -116.48% 521.53% -11.05% 60.34% -36.21% 38.05% 96.63% 13.74% 9.40% 8.96%
Net Income Growth		 -13.47% -102.94% 2,463.66% -11.05% 60.34% -36.21% 38.05% 96.63% 13.74% 9.40% 8.96%
EPS Growth		 -13.29% -124.67% 378.38% -14.56% 72.73% -39.47% 43.48% 112.88% 22.42% 11.34% 10.44%
Operating Cash Flow Growth		 -2.68% -44.52% -19.13% 92.89% -11.94% -17.80% -68.11% 186.17% 64.38% 79.78% -14.60%
Free Cash Flow Firm Growth		 -63.18% -76.73% 739.03% -19.50% -142.52% 229.58% -13.83% -14.31% 14.72% -161.79% 55.84%
Invested Capital Growth		 -8.88% -3.70% -24.47% -25.79% 23.15% -13.96% -11.92% -4.66% -5.74% 30.37% 18.74%
Revenue Q/Q Growth		 -0.32% -4.00% 0.59% -0.48% 4.20% -1.79% 6.87% 1.72% 4.47% 2.03% 0.06%
EBITDA Q/Q Growth		 -3.16% -80.48% 72.38% -23.86% 35.12% -32.95% 38.99% 4.80% 11.83% 0.96% -5.10%
EBIT Q/Q Growth		 -1.73% -171.05% 124.54% -10.09% 22.64% -38.11% 53.40% 9.52% 8.70% 0.11% -5.81%
NOPAT Q/Q Growth		 0.59% -173.65% 38.76% 2.97% 10.00% -32.34% 48.55% 7.33% 8.55% 0.13% 1.93%
Net Income Q/Q Growth		 0.59% -113.13% 38.76% 2.97% 10.00% -32.34% 48.55% 7.33% 8.55% 0.13% 1.93%
EPS Q/Q Growth		 1.35% -470.00% 60.94% 4.76% 9.35% -34.75% 55.29% 8.91% 9.90% 0.52% 2.67%
Operating Cash Flow Q/Q Growth		 -15.96% 21.42% -2.15% 11.45% 12.05% 8.82% -70.47% 29.44% 33.20% 24.73% -21.52%
Free Cash Flow Firm Q/Q Growth		 -88.25% 103.14% -7.73% 17.44% -806.44% 50.10% -0.76% 32.17% -18.74% 58.46% -141.42%
Invested Capital Q/Q Growth		 0.00% -3.37% -0.66% -6.14% 7.66% -0.38% 1.79% -1.57% 4.73% -9.87% 4.19%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 37.08% 3.13% 29.68% 19.39% 38.73% 23.32% 20.62% 42.82% 43.25% 41.99% 38.85%
EBIT Margin		 28.75% -5.14% 23.26% 17.78% 33.54% 18.57% 17.80% 39.70% 39.77% 38.48% 35.65%
Profit (Net Income) Margin		 20.01% -0.64% 16.16% 13.75% 21.32% 13.28% 13.95% 27.04% 27.08% 26.39% 27.85%
Tax Burden Percent		 69.57% 12.48% 69.48% 77.32% 63.56% 71.55% 78.38% 68.10% 68.10% 68.57% 78.10%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 30.43% 0.00% 30.52% 22.68% 36.44% 28.45% 21.62% 31.90% 31.90% 31.43% 21.90%
Return on Invested Capital (ROIC)		 3.44% -0.61% 2.96% 3.52% 5.93% 3.69% 5.85% 12.57% 15.09% 14.76% 13.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.44% 0.22% 2.96% 3.52% 5.93% 3.69% 5.85% 12.57% 15.09% 14.76% 13.00%
Return on Net Nonoperating Assets (RNNOA)		 5.89% 0.33% 3.55% 2.13% 2.75% 1.58% 1.12% 0.99% 0.66% 1.50% 3.20%
Return on Equity (ROE)		 9.32% -0.27% 6.51% 5.64% 8.68% 5.26% 6.97% 13.56% 15.75% 16.27% 16.19%
Cash Return on Invested Capital (CROIC)		 12.73% 3.17% 30.84% 33.12% -14.81% 18.70% 18.52% 17.35% 20.99% -11.60% -4.14%
Operating Return on Assets (OROA)		 1.57% -0.28% 1.25% 1.07% 2.08% 0.95% 0.99% 2.18% 2.48% 2.51% 2.22%
Return on Assets (ROA)		 1.09% -0.03% 0.87% 0.83% 1.32% 0.68% 0.78% 1.48% 1.69% 1.72% 1.73%
Return on Common Equity (ROCE)		 8.39% -0.25% 5.85% 5.09% 7.86% 4.79% 6.37% 12.98% 15.75% 16.27% 16.19%
Return on Equity Simple (ROE_SIMPLE)		 9.04% -0.28% 6.43% 5.57% 8.44% 5.15% 6.84% 13.67% 15.95% 15.24% 15.80%
Net Operating Profit after Tax (NOPAT)		 85 -14 59 53 84 54 74 146 166 182 198
NOPAT Margin		 20.01% -3.60% 16.16% 13.75% 21.32% 13.28% 13.95% 27.04% 27.08% 26.39% 27.85%
Net Nonoperating Expense Percent (NNEP)		 0.00% -0.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 31.24% 31.94% 32.67% 32.89% 31.04% 31.50% 38.83% 38.77% 36.56% 36.41% 35.99%
Operating Expenses to Revenue		 57.00% 63.73% 58.97% 52.66% 52.29% 57.55% 64.81% 60.26% 56.30% 52.72% 52.79%
Earnings before Interest and Taxes (EBIT)		 122 -20 85 68 133 75 95 215 244 265 254
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 158 12 109 74 153 95 110 231 265 289 276
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.70 0.33 0.59 0.42 0.82 1.14 0.88 1.15 1.19 1.44 1.55
Price to Tangible Book Value (P/TBV)		 0.78 0.37 0.66 0.47 0.91 1.34 1.01 1.30 1.33 1.58 1.68
Price to Revenue (P/Rev)		 1.40 0.68 1.33 0.94 1.89 2.68 1.64 2.28 2.02 2.49 2.73
Price to Earnings (P/E)		 8.34 0.00 10.77 9.26 10.32 22.98 12.86 8.51 7.46 9.46 9.80
Dividend Yield		 2.55% 5.96% 2.16% 2.94% 1.72% 1.32% 1.65% 1.62% 2.69% 2.41% 2.36%
Earnings Yield		 11.99% 0.00% 9.29% 10.80% 9.69% 4.35% 7.77% 11.75% 13.41% 10.58% 10.20%
Enterprise Value to Invested Capital (EV/IC)		 0.65 0.53 0.51 0.24 0.61 0.47 0.00 0.00 0.67 0.84 1.06
Enterprise Value to Revenue (EV/Rev)		 3.59 3.08 2.38 0.78 2.44 1.58 0.00 0.00 1.17 1.71 2.47
Enterprise Value to EBITDA (EV/EBITDA)		 9.69 98.16 8.00 4.04 6.29 6.76 0.00 0.00 2.71 4.07 6.36
Enterprise Value to EBIT (EV/EBIT)		 12.50 0.00 10.21 4.41 7.26 8.49 0.00 0.00 2.95 4.44 6.93
Enterprise Value to NOPAT (EV/NOPAT)		 17.96 0.00 14.70 5.70 11.43 11.87 0.00 0.00 4.33 6.47 8.88
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.74 12.36 11.08 1.98 7.23 5.83 0.00 0.00 4.38 3.98 6.97
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.85 16.34 1.41 0.61 0.00 2.34 0.00 0.00 3.11 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.51 1.54 0.87 0.35 0.57 0.29 0.10 0.06 0.03 0.17 0.32
Long-Term Debt to Equity		 0.47 0.49 0.15 0.14 0.11 0.11 0.09 0.06 0.03 0.17 0.26
Financial Leverage		 1.71 1.52 1.20 0.60 0.46 0.43 0.19 0.08 0.04 0.10 0.25
Leverage Ratio		 8.54 7.91 7.48 6.80 6.57 7.76 8.97 9.15 9.34 9.47 9.33
Compound Leverage Factor		 8.54 7.91 7.48 6.80 6.57 7.76 8.97 9.15 9.34 9.47 9.33
Debt to Total Capital		 60.11% 60.56% 46.43% 25.88% 36.33% 22.62% 8.74% 5.76% 2.53% 14.40% 24.23%
Short-Term Debt to Total Capital		 41.49% 41.44% 38.19% 15.24% 29.01% 14.08% 0.20% 0.07% 0.03% 0.00% 4.54%
Long-Term Debt to Total Capital		 18.62% 19.13% 8.24% 10.64% 7.32% 8.53% 8.54% 5.69% 2.50% 14.40% 19.69%
Preferred Equity to Total Capital		 3.89% 4.04% 5.35% 7.21% 5.86% 6.81% 7.73% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 35.99% 35.39% 48.21% 66.90% 57.82% 70.57% 83.52% 94.24% 97.47% 85.60% 75.77%
Debt to EBITDA		 8.99 112.75 7.34 4.45 3.72 3.23 0.95 0.28 0.10 0.69 1.45
Net Debt to EBITDA		 5.34 68.94 2.67 -2.04 0.82 -5.72 -18.56 -8.42 -1.96 -1.88 -0.66
Long-Term Debt to EBITDA		 2.79 35.61 1.30 1.83 0.75 1.22 0.93 0.28 0.10 0.69 1.18
Debt to NOPAT		 16.67 -98.12 13.48 6.27 6.76 5.68 1.40 0.45 0.16 1.10 2.02
Net Debt to NOPAT		 9.89 -59.99 4.90 -2.87 1.48 -10.04 -27.44 -13.34 -3.12 -2.98 -0.92
Long-Term Debt to NOPAT		 5.16 -30.99 2.39 2.58 1.36 2.14 1.37 0.44 0.16 1.10 1.64
Noncontrolling Interest Sharing Ratio		 10.07% 10.00% 10.12% 9.86% 9.46% 9.00% 8.63% 4.27% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 315 73 616 496 -211 273 235 202 231 -143 -63
Operating Cash Flow to CapEx		 2,216.59% 1,837.63% 0.00% 2,566.78% 1,357.58% 1,020.55% 229.83% 444.98% 627.34% 1,659.22% 1,183.50%
Free Cash Flow to Firm to Interest Expense		 4.11 1.06 10.77 11.95 -4.73 5.35 3.63 4.82 6.91 -1.62 -0.39
Operating Cash Flow to Interest Expense		 2.28 1.40 1.37 3.65 3.00 2.15 0.54 2.39 4.91 3.36 1.56
Operating Cash Flow Less CapEx to Interest Expense		 2.18 1.33 3.44 3.51 2.77 1.94 0.30 1.85 4.13 3.16 1.43
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.06 0.06 0.05 0.06 0.05 0.06 0.07 0.06
Fixed Asset Turnover		 5.21 5.03 5.05 5.54 5.79 5.40 6.46 6.15 6.17 6.54 6.82
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,362 2,275 1,718 1,275 1,570 1,351 1,190 1,135 1,069 1,394 1,656
Invested Capital Turnover		 0.17 0.17 0.18 0.26 0.28 0.28 0.42 0.47 0.56 0.56 0.47
Increase / (Decrease) in Invested Capital		 -230 -87 -557 -443 295 -219 -161 -56 -65 325 261
Enterprise Value (EV)		 1,530 1,199 870 300 964 639 -1,075 -716 720 1,177 1,759
Market Capitalization		 595 265 488 359 747 1,088 872 1,233 1,240 1,720 1,942
Book Value per Share		 $19.03 $18.35 $18.86 $19.41 $17.71 $18.57 $19.36 $21.45 $21.92 $25.36 $27.33
Tangible Book Value per Share		 $17.10 $16.39 $16.90 $17.45 $15.96 $15.78 $16.79 $19.00 $19.56 $23.13 $25.17
Total Capital		 2,362 2,275 1,718 1,275 1,570 1,351 1,190 1,135 1,069 1,394 1,656
Total Debt		 1,420 1,378 798 330 570 306 104 65 27 201 401
Total Long-Term Debt		 440 435 142 136 115 115 102 65 27 201 326
Net Debt		 843 842 290 -151 125 -540 -2,040 -1,949 -519 -543 -183
Capital Expenditures (CapEx)		 7.90 5.28 -118 5.90 9.82 11 15 22 26 18 21
Net Nonoperating Expense (NNE)		 0.00 -12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1,420 1,378 798 330 570 306 104 65 27 201 401
Total Depreciation and Amortization (D&A)		 35 32 24 6.13 21 19 15 17 21 24 23
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.58 ($0.37) $1.03 $0.88 $1.59 $0.92 $1.32 $2.85 $3.46 $3.85 $4.25
Adjusted Weighted Average Basic Shares Outstanding		 44.61M 43.87M 43.91M 43.97M 51.32M 51.40M 51.39M 48.95M 47.60M 47.08M 45.39M
Adjusted Diluted Earnings per Share		 $1.50 ($0.37) $1.03 $0.88 $1.52 $0.92 $1.32 $2.81 $3.44 $3.83 $4.23
Adjusted Weighted Average Diluted Shares Outstanding		 44.61M 43.87M 43.91M 43.97M 51.32M 51.40M 51.39M 48.95M 48.44M 47.55M 46.90M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $1.59 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 52.33M 51.46M 51.09M 51.10M 51.35M 51.72M 51.56M 51.37M 47.60M 47.08M 45.39M
Normalized Net Operating Profit after Tax (NOPAT)		 85 -14 59 53 84 71 87 146 166 182 198
Normalized NOPAT Margin		 20.01% -3.60% 16.16% 13.75% 21.32% 17.53% 16.32% 27.04% 27.08% 26.39% 27.85%
Pre Tax Income Margin		 28.75% -5.14% 23.26% 17.78% 33.54% 18.57% 17.80% 39.70% 39.77% 38.48% 35.65%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.59 -0.29 1.49 1.64 2.98 1.48 1.46 5.13 7.29 3.01 1.57
NOPAT to Interest Expense		 1.11 -0.20 1.04 1.27 1.90 1.06 1.15 3.49 4.96 2.07 1.22
EBIT Less CapEx to Interest Expense		 1.49 -0.37 3.55 1.50 2.76 1.26 1.23 4.59 6.51 2.81 1.44
NOPAT Less CapEx to Interest Expense		 1.01 -0.28 3.10 1.13 1.68 0.85 0.91 2.96 4.18 1.86 1.09
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 33.27% -1,262.90% 40.56% 46.38% 29.40% 38.79% 28.11% 14.35% 18.10% 22.55% 23.03%
Augmented Payout Ratio		 53.17% -1,620.33% 40.56% 46.38% 29.40% 38.79% 31.10% 48.47% 56.67% 32.81% 58.52%

Quarterly Metrics And Ratios for OFG Bancorp

This table displays calculated financial ratios and metrics derived from OFG Bancorp's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.20% 18.44% 20.47% 12.17% 9.77% 8.14% 5.86% 5.94% 1.31% 0.24% 2.37%
EBITDA Growth		 -1.12% 64.80% 16.96% 8.71% 7.77% 3.84% 2.67% 6.48% -6.28% -20.02% -9.02%
EBIT Growth		 2.00% 40.17% 20.41% 10.83% 5.41% 0.43% 4.27% 8.32% -6.24% -22.86% -12.47%
NOPAT Growth		 0.60% 39.32% 23.21% 9.25% 7.05% 0.50% 7.49% 15.75% 4.74% 8.05% -8.29%
Net Income Growth		 0.60% 39.32% 23.21% 9.25% 7.05% 0.50% 7.49% 15.75% 4.74% 8.05% -8.29%
EPS Growth		 7.41% 46.97% 26.32% 10.71% 9.20% 2.06% 9.38% 16.13% 5.26% 11.11% -4.76%
Operating Cash Flow Growth		 9.19% 517.32% 33.15% -6.61% 243.31% 119.84% 16.84% 101.70% -34.51% -64.40% 36.20%
Free Cash Flow Firm Growth		 198.68% 25.54% -212.88% -234.68% -377.27% -349.60% 75.01% 78.70% 101.04% 24.18% -76.51%
Invested Capital Growth		 -11.41% -5.74% 23.22% 27.23% 51.49% 30.37% 7.61% 7.70% 2.72% 18.74% 9.50%
Revenue Q/Q Growth		 3.85% 7.26% -2.22% 2.98% 1.63% 5.66% -4.28% 3.07% -2.81% 4.55% -2.25%
EBITDA Q/Q Growth		 3.56% 4.60% -1.88% 2.28% 2.67% 0.79% -2.99% 6.08% -9.64% -13.99% 10.36%
EBIT Q/Q Growth		 5.33% 8.99% -4.41% 1.00% 0.17% 3.85% -0.75% 4.92% -13.30% -14.56% 12.62%
NOPAT Q/Q Growth		 3.68% 10.61% -0.30% -4.45% 1.58% 3.84% 6.64% 2.90% -8.08% 7.12% -9.48%
Net Income Q/Q Growth		 3.68% 10.61% -0.30% -4.45% 1.58% 3.84% 6.64% 2.90% -8.08% 7.12% -9.48%
EPS Q/Q Growth		 3.57% 11.49% -1.03% -3.13% 2.15% 4.21% 6.06% 2.86% -7.41% 10.00% -9.09%
Operating Cash Flow Q/Q Growth		 -48.77% 89.11% 6.73% -9.69% 88.34% 21.10% -43.28% 55.90% -38.85% -34.17% 117.02%
Free Cash Flow Firm Q/Q Growth		 -2.52% -35.74% -281.06% -18.74% -100.68% 42.15% 81.87% -1.24% 109.75% -4,336.75% 57.80%
Invested Capital Q/Q Growth		 -2.04% 4.73% 23.08% 0.76% 16.64% -9.87% 1.59% 0.85% 11.24% 4.19% -6.31%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 43.44% 42.36% 42.51% 42.22% 42.65% 40.68% 41.23% 42.44% 39.46% 32.46% 36.64%
EBIT Margin		 39.79% 40.43% 39.52% 38.76% 38.20% 37.55% 38.93% 39.63% 35.36% 28.89% 33.29%
Profit (Net Income) Margin		 26.68% 27.51% 28.05% 26.03% 26.02% 25.57% 28.49% 28.44% 26.90% 27.56% 25.52%
Tax Burden Percent		 67.05% 68.05% 70.98% 67.15% 68.09% 68.09% 73.17% 71.75% 76.07% 95.38% 76.66%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 32.95% 31.95% 29.02% 32.85% 31.91% 31.91% 26.83% 28.25% 23.93% 4.62% 23.34%
Return on Invested Capital (ROIC)		 14.42% 15.32% 15.10% 14.51% 13.69% 14.31% 14.57% 14.64% 12.20% 12.86% 12.31%
ROIC Less NNEP Spread (ROIC-NNEP)		 14.42% 15.32% 15.10% 14.51% 13.69% 14.31% 14.57% 14.64% 12.20% 12.86% 12.31%
Return on Net Nonoperating Assets (RNNOA)		 0.89% 0.67% 1.81% 1.74% 3.14% 1.46% 2.70% 2.69% 3.65% 3.16% 2.24%
Return on Equity (ROE)		 15.31% 15.99% 16.91% 16.25% 16.82% 15.76% 17.27% 17.33% 15.85% 16.02% 14.55%
Cash Return on Invested Capital (CROIC)		 26.19% 20.99% -6.13% -8.88% -26.80% -11.60% 6.24% 6.54% 9.72% -4.14% 4.01%
Operating Return on Assets (OROA)		 2.26% 2.52% 2.51% 2.52% 2.54% 2.45% 2.56% 2.64% 2.32% 1.80% 2.08%
Return on Assets (ROA)		 1.52% 1.71% 1.78% 1.69% 1.73% 1.67% 1.88% 1.89% 1.76% 1.72% 1.60%
Return on Common Equity (ROCE)		 15.31% 15.99% 16.91% 16.25% 16.82% 15.76% 17.27% 17.33% 15.85% 16.02% 14.55%
Return on Equity Simple (ROE_SIMPLE)		 15.41% 0.00% 16.06% 16.25% 16.58% 0.00% 15.25% 15.66% 14.75% 0.00% 14.98%
Net Operating Profit after Tax (NOPAT)		 42 46 46 44 45 47 50 51 47 50 46
NOPAT Margin		 26.68% 27.51% 28.05% 26.03% 26.02% 25.57% 28.49% 28.44% 26.90% 27.56% 25.52%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 35.11% 36.02% 37.13% 36.21% 36.12% 36.23% 36.18% 34.41% 36.03% 37.32% 35.64%
Operating Expenses to Revenue		 55.68% 54.37% 54.75% 52.37% 52.27% 51.63% 52.40% 51.70% 52.42% 54.58% 52.33%
Earnings before Interest and Taxes (EBIT)		 63 68 65 66 66 68 68 71 62 53 59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 68 71 70 72 74 74 72 76 69 59 65
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.14 1.19 1.05 1.10 1.25 1.44 1.42 1.43 1.59 1.55 1.40
Price to Tangible Book Value (P/TBV)		 1.29 1.33 1.17 1.22 1.39 1.58 1.55 1.56 1.72 1.68 1.52
Price to Revenue (P/Rev)		 1.93 2.02 1.78 1.83 2.03 2.49 2.46 2.48 2.94 2.73 2.54
Price to Earnings (P/E)		 7.41 7.46 6.55 6.75 7.55 9.46 9.28 9.15 10.76 9.80 9.36
Dividend Yield		 2.60% 2.69% 3.20% 3.31% 2.95% 2.41% 2.49% 2.51% 2.16% 2.36% 2.62%
Earnings Yield		 13.50% 13.41% 15.27% 14.81% 13.24% 10.58% 10.77% 10.92% 9.30% 10.20% 10.68%
Enterprise Value to Invested Capital (EV/IC)		 0.34 0.67 0.40 0.48 0.84 0.84 0.83 0.86 1.06 1.06 0.88
Enterprise Value to Revenue (EV/Rev)		 0.60 1.17 0.82 0.97 1.92 1.71 1.68 1.73 2.37 2.47 1.91
Enterprise Value to EBITDA (EV/EBITDA)		 1.48 2.71 1.92 2.26 4.52 4.07 4.02 4.14 5.79 6.36 5.07
Enterprise Value to EBIT (EV/EBIT)		 1.57 2.95 2.07 2.44 4.89 4.44 4.37 4.48 6.26 6.93 5.58
Enterprise Value to NOPAT (EV/NOPAT)		 2.30 4.33 3.02 3.57 7.13 6.47 6.32 6.37 8.68 8.88 7.05
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.85 4.38 2.98 3.66 5.46 3.98 3.85 3.48 5.25 6.97 4.99
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.23 3.11 0.00 0.00 0.00 0.00 13.75 13.60 11.07 0.00 23.02
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.03 0.03 0.21 0.21 0.41 0.17 0.17 0.16 0.21 0.32 0.20
Long-Term Debt to Equity		 0.03 0.03 0.21 0.21 0.27 0.17 0.17 0.16 0.21 0.26 0.20
Financial Leverage		 0.06 0.04 0.12 0.12 0.23 0.10 0.19 0.18 0.30 0.25 0.18
Leverage Ratio		 10.09 9.34 9.51 9.59 9.72 9.47 9.20 9.15 9.00 9.33 9.12
Compound Leverage Factor		 10.09 9.34 9.51 9.59 9.72 9.47 9.20 9.15 9.00 9.33 9.12
Debt to Total Capital		 2.67% 2.53% 17.23% 17.08% 29.19% 14.40% 14.17% 14.05% 17.04% 24.23% 16.48%
Short-Term Debt to Total Capital		 0.01% 0.03% 0.01% 0.00% 9.74% 0.00% 0.00% 0.00% 0.00% 4.54% 0.00%
Long-Term Debt to Total Capital		 2.66% 2.50% 17.22% 17.08% 19.44% 14.40% 14.17% 14.05% 17.04% 19.69% 16.48%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 97.33% 97.47% 82.77% 82.92% 70.81% 85.60% 85.83% 85.95% 82.96% 75.77% 83.52%
Debt to EBITDA		 0.12 0.10 0.82 0.81 1.57 0.69 0.69 0.68 0.93 1.45 0.95
Net Debt to EBITDA		 -3.30 -1.96 -2.24 -2.02 -0.27 -1.88 -1.88 -1.81 -1.39 -0.66 -1.66
Long-Term Debt to EBITDA		 0.11 0.10 0.82 0.81 1.05 0.69 0.69 0.68 0.93 1.18 0.95
Debt to NOPAT		 0.18 0.16 1.30 1.27 2.49 1.10 1.08 1.04 1.39 2.02 1.32
Net Debt to NOPAT		 -5.11 -3.12 -3.53 -3.18 -0.42 -2.98 -2.96 -2.78 -2.08 -0.92 -2.31
Long-Term Debt to NOPAT		 0.18 0.16 1.30 1.27 1.66 1.10 1.08 1.04 1.39 1.64 1.32
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 173 111 -202 -240 -481 -278 -50 -51 4.98 -211 -89
Operating Cash Flow to CapEx		 347.95% 795.41% 1,684.96% 1,041.14% 2,250.70% 1,720.93% 986.11% 2,015.82% 911.79% 943.74% 1,909.68%
Free Cash Flow to Firm to Interest Expense		 21.24 10.67 -15.42 -13.06 -20.10 -8.52 -1.28 -1.27 0.12 -5.14 -2.22
Operating Cash Flow to Interest Expense		 3.17 4.68 3.99 2.57 3.71 3.29 1.55 2.36 1.41 0.93 2.07
Operating Cash Flow Less CapEx to Interest Expense		 2.26 4.09 3.75 2.32 3.55 3.10 1.39 2.24 1.26 0.83 1.96
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.06 0.06 0.06 0.07 0.07 0.07 0.07 0.07 0.07 0.06 0.06
Fixed Asset Turnover		 6.09 6.17 6.35 6.41 6.46 6.54 6.66 6.80 6.83 6.82 6.86
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,021 1,069 1,316 1,326 1,547 1,394 1,416 1,428 1,589 1,656 1,551
Invested Capital Turnover		 0.54 0.56 0.54 0.56 0.53 0.56 0.51 0.51 0.45 0.47 0.48
Increase / (Decrease) in Invested Capital		 -132 -65 248 284 526 325 100 102 42 261 135
Enterprise Value (EV)		 352 720 528 637 1,295 1,177 1,172 1,226 1,688 1,759 1,369
Market Capitalization		 1,135 1,240 1,146 1,206 1,372 1,720 1,720 1,760 2,092 1,942 1,817
Book Value per Share		 $20.90 $21.92 $22.89 $23.14 $23.24 $25.36 $25.86 $26.12 $28.31 $27.33 $28.54
Tangible Book Value per Share		 $18.47 $19.56 $20.58 $20.86 $20.98 $23.13 $23.66 $23.95 $26.15 $25.17 $26.38
Total Capital		 1,021 1,069 1,316 1,326 1,547 1,394 1,416 1,428 1,589 1,656 1,551
Total Debt		 27 27 227 227 451 201 201 201 271 401 256
Total Long-Term Debt		 27 27 227 227 301 201 201 201 271 326 256
Net Debt		 -783 -519 -618 -569 -77 -543 -549 -535 -404 -183 -448
Capital Expenditures (CapEx)		 7.43 6.15 3.10 4.53 3.95 6.25 6.19 4.72 6.38 4.06 4.35
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 27 27 227 227 451 201 201 201 271 401 256
Total Depreciation and Amortization (D&A)		 5.74 3.26 4.92 5.87 7.67 5.71 4.01 5.04 7.17 6.51 6.00
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.88 $0.97 $0.97 $0.93 $0.95 $1.00 $1.06 $1.09 $1.01 $1.09 $1.01
Adjusted Weighted Average Basic Shares Outstanding		 47.56M 47.60M 47.53M 47.13M 47.06M 47.08M 47.00M 46.56M 45.90M 45.39M 44.91M
Adjusted Diluted Earnings per Share		 $0.87 $0.97 $0.96 $0.93 $0.95 $0.99 $1.05 $1.08 $1.00 $1.10 $1.00
Adjusted Weighted Average Diluted Shares Outstanding		 47.93M 48.44M 47.94M 47.49M 47.39M 47.55M 47.34M 47.13M 46.85M 46.90M 45.51M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 47.56M 47.60M 47.53M 47.13M 47.06M 47.08M 47.00M 46.56M 45.90M 45.39M 44.91M
Normalized Net Operating Profit after Tax (NOPAT)		 42 46 46 44 45 47 50 51 47 50 46
Normalized NOPAT Margin		 26.68% 27.51% 28.05% 26.03% 26.02% 25.57% 28.49% 28.44% 26.90% 27.56% 25.52%
Pre Tax Income Margin		 39.79% 40.43% 39.52% 38.76% 38.20% 37.55% 38.93% 39.63% 35.36% 28.89% 33.29%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.66 6.52 4.98 3.59 2.75 2.10 1.73 1.77 1.50 1.29 1.48
NOPAT to Interest Expense		 5.13 4.44 3.53 2.41 1.88 1.43 1.26 1.27 1.14 1.23 1.14
EBIT Less CapEx to Interest Expense		 6.75 5.93 4.74 3.34 2.59 1.90 1.57 1.65 1.35 1.19 1.37
NOPAT Less CapEx to Interest Expense		 4.22 3.85 3.30 2.16 1.71 1.24 1.11 1.15 0.99 1.13 1.03
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 16.71% 18.10% 19.24% 20.63% 22.04% 22.55% 22.57% 22.47% 22.93% 23.03% 24.07%
Augmented Payout Ratio		 64.91% 56.67% 38.40% 29.84% 32.31% 32.81% 31.07% 36.23% 35.47% 58.52% 72.37%

Key Financial Trends

OFG Bancorp has shown a generally stable and solid financial profile over the last four years, with some fluctuations in key performance indicators, operating results, and capital structure. Here is an analysis of the key financial trends and metrics based on the quarterly data provided up to Q1 2025:

  • Consistent Profitability: Net Operating Profit After Tax (NOPAT) has been positive each quarter, with Q1 2025 recording $45.57 million, reflecting sustained profitability.
  • Strong Return Metrics: Return on Invested Capital (ROIC) remains healthy around 12-15%, and Return on Equity (ROE) is also solid, averaging around 15-17% over recent quarters, indicative of effective capital deployment.
  • Low Leverage Levels: The debt to equity ratio is quite low, generally below 0.3, with net debt often negative, signaling a strong liquidity position and low financial risk.
  • Operating Efficiency: EBITDA margins are healthy, hovering around mid 30%s to low 40%s, and operating expenses relative to revenue have remained consistent, supporting stable operating leverage.
  • Improving Capital Base: Book value per share and tangible book value per share have steadily increased from around $20 in early 2022 to over $28 by Q1 2025, demonstrating growth in shareholder equity over time.
  • Increasing Market Capitalization: The market capitalization rose from roughly $1.1 billion in early 2022 to about $1.8 billion by Q1 2025, reflecting investor confidence and growth in company value.
  • Revenue Growth Slowdown: Revenue growth has generally been positive but modest, with recent quarters showing some deceleration or slight declines quarter-over-quarter, which may warrant monitoring.
  • Dividend Yield Stability: Dividend yield has hovered around 2.3% to 3.3% over the period, providing steady income but with modest yield changes aligning with stock price moves.
  • Capital Expenditure Fluctuations: Capital expenditures have varied from around $3 million to $7 million, correlating with investment in premises and equipment; this variation may impact free cash flow periodically.
  • Declining Free Cash Flow to Firm: Free cash flow to the firm (FCFF) has been mostly negative or volatile, including a significant drop to -$89 million in Q1 2025, highlighting potential challenges in cash generation beyond core operations.
  • Drop in Earnings and EBITDA Growth: Q1 2025 shows declines in EBIT (-12.5%), EBITDA (-9%), and net income (-8.3%) compared to prior periods, signaling some near-term earnings pressure.
  • Increased Provision for Credit Losses: While provisions fluctuate, some quarters show elevated credit loss reserves, which could signal asset quality concerns or a conservative stance impacting net income.

Summary: OFG Bancorp demonstrates sound profitability, strong returns, and a conservative leverage framework that supports financial stability. The company has grown its capital base and market valuation steadily, appealing to investors valuing stable income and capital strength. However, some negative signals in free cash flow volatility and recent declines in earnings and EBITDA growth suggest management should focus on operational efficiency and cash generation going forward. Investors should watch quarterly updates for signs of recovery or further pressure in earnings performance.

08/02/25 03:47 AMAI Generated. May Contain Errors.

Frequently Asked Questions About OFG Bancorp's Financials

When does OFG Bancorp's financial year end?

According to the most recent income statement we have on file, OFG Bancorp's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has OFG Bancorp's net income changed over the last 10 years?

OFG Bancorp's net income appears to be on an upward trend, with a most recent value of $198.17 million in 2024, rising from $85.18 million in 2014. The previous period was $181.87 million in 2023. Check out OFG Bancorp's forecast to explore projected trends and price targets.

How has OFG Bancorp's revenue changed over the last 10 years?

Over the last 10 years, OFG Bancorp's total revenue changed from $425.80 million in 2014 to $711.69 million in 2024, a change of 67.1%.

How much debt does OFG Bancorp have?

OFG Bancorp's total liabilities were at $10.25 billion at the end of 2024, a 0.9% increase from 2023, and a 57.5% increase since 2014.

How much cash does OFG Bancorp have?

In the past 10 years, OFG Bancorp's cash and equivalents has ranged from $442.10 million in 2018 to $2.14 billion in 2020, and is currently $584.47 million as of their latest financial filing in 2024.

How has OFG Bancorp's book value per share changed over the last 10 years?

Over the last 10 years, OFG Bancorp's book value per share changed from 19.03 in 2014 to 27.33 in 2024, a change of 43.6%.


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This page (NYSE:OFG) was last updated on 8/2/2025 by MarketBeat.com Staff
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