OFG Bancorp, a financial holding company, provides a range of banking and financial services in the United States. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers savings accounts, certificates of deposit, individual retirement accounts personal, and commercial non-interest and interest-bearing checking accounts; time deposit products; and corporate trust services. It also provides commercial loans, auto loans, mortgage loans, as well as consumer loans, such as personal loans, residential solar panel loans, credit cards, lines of credit, and other loans; mortgage banking services; sale of loans and securitization activities; wealth management activities comprising securities brokerage, insurance agency, captive reinsurance, trust services, and other financial services; and various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. In addition, the company's portfolio consists of mortgage-backed securities, obligations of U.S. government-sponsored agencies, U.S. Treasury securities, and money market instruments; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company was founded in 1964 and is headquartered in San Juan, Puerto Rico.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $675M | - | $205M | $199M | 14.8% | 2.2% | 3.5% |
| 2024 | $661M | - | $198M | $211M | 15.8% | 3.2% | 9.0% |
| 2023 | $640M | - | $182M | $278M | 15.2% | 13.3% | 9.4% |
| 2022 | $565M | - | $166M | $133M | 15.9% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 565.01 | 640.14 | 660.94 | 675.22 |
| Pretax Income | - | 244.10 | 265.25 | 253.75 | 234.12 |
| Tax Provision | - | 77.87 | 83.38 | 55.58 | 29.01 |
| Net Income | - | 166.24 | 181.87 | 198.17 | 205.10 |
| Net Income Common Stockholders | - | 166.24 | 181.87 | 198.17 | 205.10 |
| Interest Expense | - | 33.49 | 88.01 | 161.84 | 172.47 |
| Interest Income | - | 515.57 | 648.88 | 750.28 | 780.94 |
| Selling General And Administration | - | 161.07 | 176.42 | 178.53 | 186.57 |
| Normalized Income | - | 166.21 | 181.87 | 200.83 | 205.10 |
| Market Cap | 1,923.96 | 1,923.96 | 1,923.96 | 1,923.96 | 1,923.96 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| OFG Bancorpthis co. | OFG | $2.0B | 9.38β discount | 1.38 | 14.8% | - |
| Enterprise Financial Services Corp | EFSC | $2.1B | 10.86 | 1.08 | 9.9% | - |
| Pathward Financial, Inc. | CASH | $2.1B | 10.10 | 2.19 | 21.7% | - |
| Kemper Corporation | KMPR | $2.0B | 13.47 | 0.72 | 5.3% | - |
| Skyward Specialty Insurance Group, Inc. | SKWD | $2.0B |
| - |
| - |
| - |
| 11.00 |
| 1.80 |
| 16.8% |
| 6.94 |
| Banco Latinoamericano de Comercio Exterior, S. A. | BLX | $2.0B | 8.77 | 1.19 | 13.5% | - |
| Patria Investments Limited | PAX | $2.0B | 18.34 | 3.19 | 14.6% | 12.28 |
| Perella Weinberg Partners | PWP | $2.0B | 45.57 | -11.23 | 13.6% | - |
| Columbia Financial, Inc. | CLBK | $2.0B | 34.62 | 1.69 | 4.5% | - |
| Peer Median | - | 12.24 | 1.44 | 13.6% | 9.61 | |