OFG Bancorp (OFG)

Name: OFG Bancorp Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$219M

Net Income

$45.6M

Operating Margin

27.2%

Free Cash Flow

$211M

Debt / Assets

88.8%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for OFG Bancorp (OFG).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	218,739,000	210,063,000	204,855,000	220,821,000
Cost of Revenue	218,739,000	71,215,000	62,514,000	687,000
Gross Profit	0	138,848,000	142,341,000	220,134,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	0	48,017,000	43,758,000	44,029,000
Operating Expenses	0	75,013,000	163,700,000	79,383,000
Operating Income	59,448,000	53,406,000	61,784,000	71,260,000
Interest Expense	0	41,025,000	41,155,000	40,333,000
Income Before Tax	59,448,000	52,787,000	61,784,000	71,260,000
Income Tax Expense	13,876,000	2,440,000	14,784,000	20,129,000
Net Income	45,572,000	50,347,000	47,000,000	51,131,000
Per Share
EPS	1.01	1.08	1.01	1.09
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for OFG Bancorp (OFG).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	862,616,000	822,775,000	728,151,000	613,770,000	497,255,000
Cost of Revenue	248,093,000	244,088,000	148,648,000	0	0
Gross Profit	614,523,000	578,687,000	579,503,000	613,770,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	182,548,000	180,676,000	176,415,000	294,738,000	179,225,000
Operating Expenses	348,516,000	283,372,000	314,255,000	230,915,000	0
Operating Income	266,007,000	346,066,000	264,531,000	277,598,000	0
Interest Expense	172,469,000	161,837,000	88,010,000	33,493,000	41,829,000
Income Before Tax	234,118,000	253,748,000	265,248,000	244,105,000	214,603,000
Income Tax Expense	29,014,000	55,578,000	83,376,000	77,866,000	68,452,000
Net Income	205,104,000	198,170,000	181,872,000	166,239,000	146,151,000
Per Share
EPS	4.53	4.25	3.85	3.46	2.84
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for OFG Bancorp (OFG).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	1,040,335,000	591,137,000	748,173,000	550,464,000
Short Term Investments	23,000	2,338,205,000	-2,653,802,000	1,412,776,000
Net Receivables	161,970,000	71,667,000	0	152,663,000
Inventory	0	0	0	-741,029,000
Total Current Assets	1,222,743,000	3,073,102,000	748,173,000	2,086,905,000
Property Plant Equipment	93,554,000	123,709,000	125,827,000	132,183,000
Goodwill and Intangibles	94,096,000	169,458,000	154,455,000	162,755,000
Total Assets	12,465,657,000	11,500,734,000	1,208,567,000	9,818,780,000
Liabilities
Account Payables	0	0	0	0
Short Term Debt	100,714,000	75,222,000	0	35,939,000
Total Current Liabilities	10,595,905,000	9,680,008,000	0	5,242,146,000
Long Term Debt	479,747,000	347,340,000	224,799,000	54,404,000
Total Liabilities	11,075,652,000	10,246,363,000	15,087,000	8,776,374,000
Shareholders Equity
Retained Earnings	904,630,000	771,993,000	639,324,000	516,371,000
Total Shareholders Equity	1,390,005,000	1,254,371,000	1,193,480,000	1,042,406,000

Balance sheet annual history for OFG Bancorp (OFG).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	1,040,335,000	591,137,000	748,173,000	550,464,000	2,023,475,000
Short Term Investments	23,000	2,338,205,000	-2,653,802,000	1,412,776,000	510,713,000
Net Receivables	161,970,000	71,667,000	0	152,663,000	145,316,000
Inventory	0	0	0	-741,029,000	0
Total Current Assets	1,222,743,000	3,073,102,000	748,173,000	2,086,905,000	8,711,797,000
Property Plant Equipment	93,554,000	123,709,000	125,827,000	132,183,000	120,970,000
Goodwill and Intangibles	94,096,000	169,458,000	154,455,000	162,755,000	171,135,000
Total Assets	12,465,657,000	11,500,734,000	1,208,567,000	9,818,780,000	9,899,720,000
Liabilities
Account Payables	0	0	0	0	0
Short Term Debt	100,714,000	75,222,000	0	35,939,000	0
Total Current Liabilities	10,595,905,000	9,680,008,000	0	5,242,146,000	0
Long Term Debt	479,747,000	347,340,000	224,799,000	54,404,000	95,069,000
Total Liabilities	11,075,652,000	10,246,363,000	15,087,000	8,776,374,000	8,830,560,000
Shareholders Equity
Retained Earnings	904,630,000	771,993,000	639,324,000	516,371,000	399,949,000
Total Shareholders Equity	1,390,005,000	1,254,371,000	1,193,480,000	1,042,406,000	1,069,160,000

Cash flow quarterly history for OFG Bancorp (OFG).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	198,170,000	181,872,000	166,239,000	146,151,000
Depreciation & Amortization	26,787,000	27,286,000	24,312,000	23,931,000
Stock Based Compensation	7,170,000	5,001,000	4,185,000	6,245,000
Change in Working Capital	-35,295,000	713,000	-6,519,000	16,330,000
Operating Cash Flow	252,500,000	327,717,000	164,456,000	100,044,000
Investing Activities
Capital Expenditure	-41,713,000	-17,857,000	-30,999,000	-23,053,000
Investments	-21,336,000	-17,857,000	-30,999,000	-23,053,000
Investing Cash Flow	-335,979,000	-1,436,805,000	-1,512,937,000	-182,934,000
Financing Activities
Debt Repayment	199,998,000	-173,070,000	-36,505,000	0
Common Stock Issued/Repurchased	-70,324,000	-18,653,000	-27,605,000	-141,872,000
Dividends Paid	-45,646,000	-41,011,000	-30,090,000	-20,973,000
Financing Cash Flow	-73,557,000	1,306,797,000	-124,705,000	-49,037,000
Summary
Free Cash Flow	210,787,000	309,860,000	133,457,000	76,991,000
Net Change in Cash	-157,036,000	197,709,000	-1,473,186,000	-131,927,000

Cash flow annual history for OFG Bancorp (OFG).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	198,170,000	181,872,000	166,239,000	146,151,000	74,327,000
Depreciation & Amortization	26,787,000	27,286,000	24,312,000	23,931,000	23,756,000
Stock Based Compensation	7,170,000	5,001,000	4,185,000	6,245,000	2,170,000
Change in Working Capital	-35,295,000	713,000	-6,519,000	16,330,000	-55,272,000
Operating Cash Flow	252,500,000	327,717,000	164,456,000	100,044,000	-88,621,000
Investing Activities
Capital Expenditure	-41,713,000	-17,857,000	-30,999,000	-23,053,000	-15,263,000
Investments	-21,336,000	-17,857,000	-30,999,000	-23,053,000	-15,263,000
Investing Cash Flow	-335,979,000	-1,436,805,000	-1,512,937,000	-182,934,000	881,082,000
Financing Activities
Debt Repayment	199,998,000	-173,070,000	-36,505,000	0	0
Common Stock Issued/Repurchased	-70,324,000	-18,653,000	-27,605,000	-141,872,000	-2,226,000
Dividends Paid	-45,646,000	-41,011,000	-30,090,000	-20,973,000	-20,893,000
Financing Cash Flow	-73,557,000	1,306,797,000	-124,705,000	-49,037,000	510,359,000
Summary
Free Cash Flow	210,787,000	309,860,000	133,457,000	76,991,000	-103,884,000
Net Change in Cash	-157,036,000	197,709,000	-1,473,186,000	-131,927,000	1,302,820,000