ofg: the income statement

MyFinsight

OFG BANCORP (OFG)

For the quarter ending 2025-06-30, OFG made $224,778K in revenue. $51,801K in net income. Net profit margin of 23.05%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30
Income tax expense	14,078
Other non-interest income	184
Net loss on sale of securities	-
Mortgage banking activities	5,347
Wealth management revenue	8,918
Banking service revenue	15,982
Total banking and financial service revenues	30,247
Total non-interest income	30,431
Taxes, other than payroll and income taxes	3,743
Printing, postage, stationery and supplies	983
Professional and service fees	4,813
Other	2,843
Occupancy, equipment and infrastructure costs	14,629
Compensation and employee benefits	39,565
Information technology expenses	6,678
Communication	1,221
Advertising, business promotion, and strategic initiatives	2,544
Foreclosed real estate and other repossessed assets expenses (income), net	-310
Loan servicing and clearing expenses	2,172
Insurance	3,025
Electronic banking charges	12,276
Total non-interest expense	94,802
Provision for credit losses	21,678
Securities sold under agreements to repurchase	120
Deposits	37,879
Advances from fhlb and other borrowings	4,420
Total interest expense	42,419
Mortgage-backed securities	28,222
Loans	156,987
Investment securities and other	9,138
Total interest income	194,347
Net interest income	151,928
Net interest income after provision for credit losses	130,250
Income before income taxes	65,879
Net income available to common shareholders	51,801

Average common shares outstanding (in shares)	44,854,000
Average common shares outstanding and equivalents (in shares)	45,033,000
Basic (in dollars per share)	1.15
Diluted (in dollars per share)	1.15

Unit: Thousand (K) dollars (except for numbers of shares and EPS)