OFG

MKT CAP:$2B

OFG Bancorp

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$46.10+$5.08 (+12.38%)

Apr 23, 2026

Company Details

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time de...

CEO

José Rafael Fernández

IPO Date

Mar 26, 1987

Website

www.ofgbancorp.com

Key Metrics TTM

Revenue

$882M

+6.5% YoY

Net Income

$213M

EPS (Diluted)

$4.75

Free Cash Flow

$199M

Revenue / Share

$20.54

Gross Margin

72.2%

Operating Margin

31.2%

Net Margin

24.2%

FCF Margin

22.6%

P/S

2.2x

P/E

9.1x

Earnings Reports

Q1 2026

Apr 21, 2026

NEW

$226M+9.5%EPS $1.26

FY 2025

Feb 25, 2026

$863M+4.8%EPS $4.49

Q4 2025

Feb 25, 2026

$229M+8.9%EPS $1.18

Q3 2025

Nov 7, 2025

$217M+5.8%EPS $1.16

Q2 2025

Aug 7, 2025

$210M+1.8%EPS $1.15

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$146M	$133M	$59M
Q3 22	$153M	$138M	$63M
Q4 22	$168M	$149M	$68M
Q1 23	$165M	$143M	$65M
Q2 23	$176M	$143M	$66M
Q3 23	$184M	$144M	$66M
Q4 23	$203M	$151M	$68M
Q1 24	$201M	$147M	$68M
Q2 24	$207M	$151M	$71M
Q3 24	$205M	$142M	$62M
Q4 24	$210M	$139M	$53M
Q1 25	$207M	$141M	$59M
Q2 25	$210M	$146M	$66M
Q3 25	$217M	$143M	$61M
Q4 25	$229M	$184M	$79M
Q1 26	$226M	$164M	$69M

Valuation

Quarter	P/S	P/E
Q2 22	2.3x	8.3x
Q3 22	2.1x	8.0x
Q4 22	2.2x	7.9x
Q1 23	1.8x	6.7x
Q2 23	1.9x	7.1x
Q3 23	2.0x	7.8x
Q4 23	2.3x	9.4x
Q1 24	2.2x	9.1x
Q2 24	2.2x	9.2x
Q3 24	2.5x	10.6x
Q4 24	2.4x	9.9x
Q1 25	2.2x	9.3x
Q2 25	2.3x	9.9x
Q3 25	2.3x	9.9x
Q4 25	2.1x	9.0x
Q1 26	2.1x	8.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$39M	$30M
Q2 22	$50M	$42M
Q3 22	$26M	$18M
Q4 22	$49M	$43M
Q1 23	$52M	$49M
Q2 23	$47M	$43M
Q3 23	$89M	$85M
Q4 23	$108M	$101M
Q1 24	$61M	$55M
Q2 24	$95M	$90M
Q3 24	$58M	$35M
Q4 24	$38M	$31M
Q1 25	$83M	$79M
Q2 25	$36M	$32M
Q3 25	$40M	$36M
Q4 25	$59M	$53M

Capital Expenditures

Quarter	CapEx
Q1 22	$9M
Q2 22	$8M
Q3 22	$7M
Q4 22	$6M
Q1 23	$3M
Q2 23	$5M
Q3 23	$4M
Q4 23	$6M
Q1 24	$6M
Q2 24	$5M
Q3 24	$24M
Q4 24	$7M
Q1 25	$4M
Q2 25	$4M
Q3 25	$4M
Q4 25	$6M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+9.0%	+17.2%
Q3 22	+15.1%	+26.2%
Q4 22	+19.9%	+9.1%
Q1 23	+24.4%	+27.2%
Q2 23	+20.1%	+26.4%
Q3 23	+20.1%	+30.3%
Q4 23	+20.7%	+34.5%
Q1 24	+21.8%	+33.2%
Q2 24	+17.4%	+22.8%
Q3 24	+11.3%	+21.1%
Q4 24	+3.5%	+17.0%
Q1 25	+2.8%	+10.5%
Q2 25	+1.8%	+6.8%
Q3 25	+5.8%	+8.5%
Q4 25	+8.9%	-5.0%
Q1 26	+9.5%	+6.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$973.0K	0.7%
Q2 22	$1M	0.7%
Q3 22	$911.0K	0.6%
Q4 22	$1M	0.8%
Q1 23	$965.0K	0.6%
Q2 23	$1M	0.8%
Q3 23	$1M	0.7%
Q4 23	$1M	0.6%
Q1 24	$1M	0.6%
Q2 24	$2M	1.0%
Q3 24	$2M	0.8%
Q4 24	$2M	1.2%
Q1 25	$2M	0.8%
Q2 25	$2M	0.7%
Q3 25	$1M	0.7%
Q4 25	$2M	0.7%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$38M	$2M
Q3 22	$38M	$2M
Q4 22	$41M	$2M
Q1 23	$42M	$2M
Q2 23	$41M	$2M
Q3 23	$41M	$2M
Q4 23	$44M	$2M
Q1 24	$43M	$2M
Q2 24	$42M	$2M
Q3 24	$41M	$2M
Q4 24	$46M	$2M
Q1 25	$43M	$3M
Q2 25	$43M	$3M
Q3 25	$43M	$3M
Q4 25	$46M	$58M
Q1 26	$55M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$1.3B	$1.2B	$2.5B
Q3 22	$815M	$1.5B	$2.3B
Q4 22	$550M	$1.4B	$2.0B
Q1 23	$847M	$1.4B	$2.2B
Q2 23	$799M	$1.1B	$1.9B
Q3 23	$533M	$1.5B	$2.0B
Q4 23	$748M	$2.1B	$2.8B
Q1 24	$754M	$1.9B	$2.7B
Q2 24	$740M	$2.1B	$2.8B
Q3 24	$681M	$2.2B	$2.9B
Q4 24	$591M	$2.3B	$2.9B
Q1 25	$235M	$2.4B	$2.7B
Q2 25	$852M	$2.4B	$3.3B
Q3 25	$263M	$2.6B	$2.8B
Q4 25	$1.0B	$23.0K	$1.0B
Q1 26	$636M	$500.0K	$637M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	48M	-2.2%	-7.6%
Q3 22	48M	-0.4%	-6.5%
Q4 22	48M	-0.5%	-4.6%
Q1 23	48M	-0.0%	-3.1%
Q2 23	47M	-0.9%	-1.9%
Q3 23	48M	+1.6%	+0.1%
Q4 23	47M	-1.8%	-1.2%
Q1 24	47M	-0.1%	-1.3%
Q2 24	47M	-0.4%	-0.8%
Q3 24	47M	-0.3%	-2.6%
Q4 24	46M	-1.6%	-2.4%
Q1 25	46M	-1.6%	-3.9%
Q2 25	45M	-1.0%	-4.5%
Q3 25	45M	-0.8%	-5.0%
Q4 25	47M	+6.1%	+2.4%
Q1 26	43M	-9.3%	-5.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$64.6K	2K
Q3 22	$67.5K	2K
Q4 22	$74.1K	2K
Q1 23	$72.8K	2K
Q2 23	$77.5K	2K
Q3 23	$81.1K	2K
Q4 23	$90.3K	2K
Q1 24	$89.5K	2K
Q2 24	$91.9K	2K
Q3 24	$91.1K	2K
Q4 24	$93.5K	2K
Q1 25	$92.1K	2K
Q2 25	$93.6K	2K
Q3 25	$96.5K	2K
Q4 25	$104.7K	2K
Q1 26	$103.6K	2K

Revenue / Employee