OFG Bancorp
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- José Rafael Fernández Martinez
- Full Time Employees
- 2,185
- Sector
- Finance
- Industry
- Major banks
- Address
- 254 MuNoz Rivera Avenue San Juan PR Puerto Rico 00918
- IPO Date
- Mar 26, 1987
- CIK
- 0001030469
- Website
- ofgbancorp.com
- Similar Companies
- Business
- OFG Bancorp (NYSE: OFG), founded in 1964 and headquartered in San Juan, Puerto Rico, operates as a diversified financial holding company through principal subsidiaries Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC, providing a wide range of retail and commercial banking, lending, wealth management products, services, and technology primarily in Puerto Rico and the U.S. Virgin Islands. Core offerings include consumer banking and lending such as auto loans, residential mortgages, consumer finance, and credit cards; commercial banking; savings accounts, certificates of deposit, individual retirement accounts, and personal and commercial checking accounts; financial planning, investment brokerage, corporate and individual trust and retirement services; and insurance products. The company conducts operations through three main segments: Banking, which generates the majority of revenue and encompasses commercial, consumer, auto, and mortgage lending along with deposit accounts; Wealth Management; and Treasury, which manages asset and liability activities including investment securities, interest rate risk, derivatives, and borrowings. OFG Bancorp serves commercial, consumer, and institutional clients with an omnichannel digital strategy emphasizing challenger branding via enhanced customer experience, agile operations, and expert advice, supported by flagship mass-market Libre and mass-affluent Elite accounts. Recent developments include a new open-ended $100 million share repurchase authorization announced in April 2025, in addition to prior buybacks totaling over $20 million in 3Q25; sustained loan portfolio growth to $8.12 billion in loans held for investment as of 3Q25, up nearly 5% year-over-year with $623.9 million in new production; core deposit expansion to $9.82 billion; investments in mortgage-backed securities exceeding $400 million across 2025 quarters; launches of the Oriental Marketplace platform and DGI Money Market fund in 2Q25; and strengthened AI initiatives alongside robust 3Q25 financial performance with EPS up 16% year-over-year.
Company News
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