Financial insights of OFG

MyFinsight

For the quarter ending 2026-03-31.

Income Overview

Net Income
$53,937K
EPS
$1.26
Unit: Thousand (K) dollars

Income Statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Loans	158,554	152,460*	161,334	156,987
Mortgage-backed securities	29,123	29,791*	29,244	28,222
Investment securities and other	6,449	6,949*	9,567	9,138
Total interest income	194,126	189,199*	200,145	194,347
Deposits	33,868	36,316*	39,742	37,879
Securities sold under agreements to repurchase	1,855	1,108*	986	120
Advances from fhlb and other borrowings	4,590	3,286*	4,693	4,420
Total interest expense	40,313	40,709*	45,421	42,419
Net interest income	153,813	148,490*	154,724	151,928
Provision for credit losses	22,483	32,609*	28,258	21,678
Net interest income after provision for credit losses	131,330	115,881*	126,466	130,250
Banking service revenue	16,944	16,576*	15,930	15,982
Wealth management revenue	8,913	10,867*	9,014	8,918
Mortgage banking activities	6,131	4,645*	4,312	5,347
Total banking and financial service revenues	31,988	32,087*	29,256	30,247
Other non-interest income	179	-1,936*	2,197	184
Net loss on sale of securities	-	-	-	0
Total non-interest income	32,167	30,150*	31,453	30,431
Compensation and employee benefits	41,347	43,769*	39,836	39,565
Occupancy, equipment and infrastructure costs	13,418	15,347*	14,994	14,629
Electronic banking charges	8,604	9,678*	12,657	12,276
Information technology expenses	6,597	6,582*	6,805	6,678
Professional and service fees	6,214	8,482*	5,336	4,813
Taxes, other than payroll and income taxes	4,133	3,930*	4,153	3,743
Insurance	2,873	2,756*	2,721	3,025
Advertising, business promotion, and strategic initiatives	3,016	3,288*	2,875	2,544
Loan servicing and clearing expenses	2,564	2,455*	2,288	2,172
Communication	1,099	1,102*	1,080	1,221
Printing, postage, stationery and supplies	1,487	1,141*	1,022	983
Director and investor relations	313	466*	296	-
Foreclosed real estate and other repossessed assets (income) expenses, net	114	-1,342*	521	-310
Other	3,152	2,454*	3,006	2,843
Total non-interest expense	94,703	102,788*	96,548	94,802
Income before income taxes	68,794	43,243*	61,371	65,879
Income tax expense at statutory rates	-	8,293*	-	-
Purchased tax credits	-	969*	-	-
Foreign tax credit	-	2,031*	-	-
Tax of exempt income, net	-	3,366*	-	-
Disallowed expense and net operating loss carryover-PR	-	47*	-	-
Change in valuation allowance	-	-1,213*	-	-
Unrecognized tax benefits, net	-	-251*	-	-
Effect of income subject to preferential rate	-	-3,291*	-	-
Tax rate difference (ordinary vs capital)	-	0*	-	-
Preferential tax treatment on qualified investment activities	-	-5,705*	-	-
Return to provision adjustments-PR	-	118*	-	-
Stock-based compensation windfall-PR	-	-168*	-	-
Other items, net-PR	-	47*	-	-
Difference in tax rates due to multiple jurisdictions-US	-	-535*	-	-
Withholding tax	-	2,602*	-	-
Disallowed expense and net operating loss carryover	-	1*	-	-
Return to provision adjustments-US	-	0*	-	-
Stock-based compensation windfall-US	-	-6*	-	-
Other items, net-US	-	13*	-	-
Difference in tax rates due to multiple jurisdictions-VI	-	16*	-	-
Income tax expense	14,857	-6,402*	9,533	14,078
Net income available to common shareholders	53,937	49,645	51,838	51,801

Basic EPS	1.26	1.119	1.17	1.15
Diluted EPS	1.26	1.113	1.16	1.15
Basic Average Shares	42,786,000	44,372,000	44,430,000	44,854,000
Diluted Average Shares	42,956,000	44,589,000	44,658,000	45,033,000

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

MyFinsight

Income Overview

Net Income
$53,937K
EPS
$1.26
Unit: Thousand (K) dollars

Time Plot

Show the time plot by selecting a row from the table.

Income Statement

DownloadDownload image

Income Overview

Net Income$53,937KEPS$1.26Unit: Thousand (K) dollars

Time Plot

Show the time plot by selecting a row from the table.

Income Statement

Net Income
$53,937K
EPS
$1.26
Unit: Thousand (K) dollars