OFG Bancorp
Puerto Rico banking franchise spanning lending, deposits, wealth management, insurance, and trust services.
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Profile
Provides commercial, consumer, auto, and mortgage lending, deposits, brokerage, investment advisory, insurance, and trust services through Oriental-branded subsidiaries. Customer deposits fund a banking business concentrated in Puerto Rico and the U.S. Virgin Islands, with reporting across Banking, Wealth Management, and Treasury.
Operates Oriental Bank, a full-service commercial bank serving Puerto Rico and the U.S. Virgin Islands, while offering certain loans in the continental United States through OFG USA. Banking spans commercial, consumer, auto, and mortgage lending, deposits, and corporate trust services.
Extends the franchise through Oriental Financial Services, a broker-dealer and investment adviser, and Oriental Insurance. Reporting follows three segments: Banking, Wealth Management, and Treasury. Branches and a digital sales platform distribute accounts and credit, while customer deposits provide the principal funding source.
Combines local branch coverage with digital banking and a broad mix of credit products. Operations remain concentrated in Puerto Rico and the U.S. Virgin Islands and are subject to federal, Puerto Rico, and U.S. Virgin Islands banking regulation.
Company facts
Categories
Key statistics
Year to date +27.8% · Average volume (30d) 267.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Wells Fargo | Reiterate | Equal Weight | $49 | $55 | |
| Jul 22, 2026 | Truist Financial | Target | $55 | $58 | ||
| Jul 22, 2026 | Piper Sandler | Reiterate | Neutral | $45 | $56 | |
| Jul 14, 2026 | Benchmark | Initiate | Hold | |||
| Jul 13, 2026 | Truist Financial | Target | $44 | $55 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | $1.17 | $1.39 | +18.8% | $182.6M | $190.3M | +4.2% | −1.47% |
| Apr 21, 2026Q1 FY26 | $1.02 | $1.26 | +23.5% | $176.8M | $185.8M | +5.1% | +2.39% |
| Jan 22, 2026Q4 FY25 | $1.16 | $1.27 | +9.5% | $184.2M | $185.4M | +0.7% | −4.69% |
| Oct 22, 2025Q3 FY25 | $1.17 | $1.16 | −0.9% | $187.0M | $171.2M | −8.4% | −1.09% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $206.8M | $210.3M | $216.7M | $228.8M | $226.4M | $230.6M | |
| Gross profit | $141.0M | $146.2M | $143.0M | $184.3M | $163.6M | $177.8M | |
| Operating income | $59.4M | $65.9M | $61.4M | $79.3M | $68.8M | $74.5M | |
| Net income | $45.6M | $51.8M | $51.8M | $55.9M | $53.9M | $58.8M | |
| Diluted EPS | $1.00 | $1.15 | $1.16 | $1.18 | $1.26 | $1.39 | |
| Gross margin | 68.2% | 69.5% | 66.0% | 80.6% | 72.3% | 77.1% | |
| Operating margin | 28.7% | 31.3% | 28.3% | 34.7% | 30.4% | 32.3% |
Fiscal years (4-quarter sums)FY21 $539.1M · FY22 $600.6M · FY23 $728.2M · FY24 $822.8M · FY25 $862.6M
Balance sheet, Jun 30, 2026Cash & short-term investments $3.44B · Total debt $578.0M · Total assets $12.15B · Shareholders' equity $1.41B
Dividends
Raised for 9 straight years — most recently to $0.35 from $0.30 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.35 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.35 | raised from $0.30 |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.30 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.30 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.30 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $0.30 | raised from $0.25 |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.25 | |
| Sep 30, 2024 | Sep 30 | Oct 15 | $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 42.27M · Float 41.85M · 99.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.16M | 14.58% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 3.12M | 7.38% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 2.57M | 6.07% | 13F | Aug 11, 2026 |
| State Street Corp | 2.49M | 5.89% | 13F | Aug 7, 2026 |
| First Trust Portfolios L.P. | 2.49M | 5.86% | 13G | Apr 27, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Maritza Arizmendi | officer: Chief Financial Officer | −10,000 | $53.35 |
| Aug 12, 2026 | Nestor de Jesus | director | −4,000 | $53.00 |
| Jul 24, 2026 | Jose Rafael Fernandez | director, officer: CEO; Chairman BOD | −52,352 | $52.45 |
| Feb 20, 2026 | Annette Franqui | director | +1,540 | $42.07 |
| Dec 22, 2025 | Nestor de Jesus | director | −2,000 | $42.31 |
Peers
- Popular
Dominant Puerto Rico bank across retail, commercial, mortgage, auto, and wealth.
- First BanCorp
Puerto Rico's #2 bank — full-service rival on commercial, mortgage, auto, and consumer.
- UBS (ADR)
Global wealth-management rival contesting Oriental Financial Services on the island.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OFG Bancorp | $52.43 | −0.02% | $2.22B | 10.5 | 10.6 | 2.5 | +13.3% |
| Popular | $169.75 | +0.04% | $10.84B | 11.5 | 10.4 | 2.4 | +14.7% |
| First BanCorp | $28.01 | −0.04% | $4.28B | 11.8 | 11.5 | 3.4 | +755.8% |
| UBS (ADR) | $54.90 | −0.02% | $179.95B | 25.2 | 13.7 | 2.9 | −27.1% |
| Median | 11.8 | 11.5 | 2.9 | +14.7% |