OFG on NYSE

OFG Bancorp

Financial holding company located in San Juan, Puerto Rico

OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1964Founded1

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  • TickerOFG on NYSE1
  • Industryfinancial services1
  • HeadquartersSan Juan1
  • Founded inHumacao1
  • Websitewww.ofgbancorp.com
  • Incorporated inPR5
  • Business address254 Mu?Oz Rivera Avenue, San Juan, Pr 009185
  • Filer categoryLarge accelerated filer5
  • Legal formCorporation4
  • LEI549300Q4QEXJ37LEXQ064
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressOriental Center, Legal Department, 00918 San Juan, Puerto Rico4
  • Registered withPuerto Rico Department of State, 936294
OFG HQ
Photo: Endeavor6499, CC BY-SA 4.0, via Wikimedia Commons7

OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918. OFG Bancorp has $12.4 billion in assets (2025), and approximately 2,185 employees (2025).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

15.2%Return on equity8
$277.8MFree cash flow8

Financial statements

Revenue91011$0 in 2023
02019: $0$020192020: $0$020202021: $0$020212022: $0$020222023: $0$02023
Net income91011128$181.9M in 2023+238% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $53.8M$53.8M20192020: $74.3M$74.3M2020+38%2021: $146.2M$146.2M2021+97%2022: $166.2M$166.2M2022+14%2023: $181.9M$181.9M2023+9%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Loans$629.9M$613.6M$554.7M
Mortgage-backed securities$116.0M$91.8M$50.4M
Investment securities and other$35.0M$44.9M$43.8M
Total interest income$780.9M$750.3M$648.9M
Deposits$152.7M$150.3M$76.0M
Securities sold under agreements to repurchase$2.8M$542.0K$3.3M
Advances from FHLB and other borrowings$17.0M$11.0M$8.7M
Total interest expense$172.5M$161.8M$88.0M
Net interest income$608.5M$588.4M$560.9M
Provision for credit losses$107.5M$82.3M$60.6M
Net interest income after provision for credit losses$501.0M$506.2M$500.2M
Banking service revenue$64.4M$66.9M$70.1M
Wealth management revenue$37.8M$35.6M$33.0M
Mortgage banking activities$19.1M$18.6M$18.8M
Total banking and financial service revenues$121.3M$121.2M$121.9M
Other non-interest income$1.6M$2.1M$6.5M
Total non-interest income$123.0M$123.2M$128.4M
Compensation and employee benefits$162.4M$159.7M$155.8M
Occupancy, equipment and infrastructure costs$59.8M$59.1M$59.2M
Electronic banking charges$47.1M$42.8M$41.3M
Information technology expenses$26.8M$27.6M$27.2M
Professional and service fees$23.7M$18.9M$18.8M
Taxes, other than payroll and income taxes$15.8M$13.9M$13.0M
Insurance$11.4M$11.3M$10.5M
Advertising, business promotion, and strategic initiatives$11.4M$9.7M$8.7M
Loan servicing and clearing expenses$9.1M$7.9M$7.8M
Communication$4.6M$4.6M$4.7M
Printing, postage, stationery and supplies$4.1M$3.8M$3.3M
Director and investor relations$1.4M$1.2M$1.4M
Foreclosed real estate and other repossessed assets expenses (income), net$1.0M$3.0M-$405.0K
Other$11.2M$12.1M$12.1M
Total non-interest expense$389.8M$375.7M$363.4M
Income before income taxes$234.1M$253.7M$265.2M
Income tax expense$29.0M$55.6M$83.4M
Net income available to common shareholders$205.1M$198.2M$181.9M
Basic (in dollars per share)$4.60$4.25$3.85
Diluted (in dollars per share)$4.58$4.23$3.83
Average common shares outstanding and equivalents (in shares)44.8M shares46.9M shares47.6M shares
Cash dividends per share of common stock (in dollars per share)$1.20$1.00$0.88

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Leadership

Who has led OFG Bancorp, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (46)

Products and brands

  • bank

Listed on Wikidata.1

Oriental Bank

Oriental Financial Services LLC

Oriental Insurance LLC

From Wikipedia’s article on OFG Bancorp, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries

  • Oriental Bank

From Wikidata.1

Former names

  • ORIENTAL FINANCIAL GROUP INCJan 10, 1997 to May 6, 20135

Timeline

  1. Jul 2, 2007New chief executive Norberto Gonzalez becomes CEO16
  2. 1964Founded Founded in Humacao1

Filings

351 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 31 major events, 252 insider forms, 20 large holders, 27 other. The latest 20:

  1. Sep 17, 20264 EDGAR
  2. Sep 11, 20264 EDGAR
  3. Aug 28, 20264 EDGAR
  4. Aug 28, 20264 EDGAR
  5. Aug 14, 20264 EDGAR
  6. Aug 14, 20264 EDGAR
  7. Aug 14, 2026144 EDGAR
  8. Aug 6, 2026144 EDGAR
  9. Aug 6, 202610-Q EDGAR
  10. Jul 28, 20264 EDGAR
  11. Jul 24, 2026144 EDGAR
  12. Jul 21, 20268-K EDGAR
  13. Jun 25, 202611-K EDGAR
  14. May 21, 20264 EDGAR
  15. May 13, 20264 EDGAR
  16. May 8, 202610-Q EDGAR
  17. May 6, 20264 EDGAR
  18. May 1, 20264 EDGAR
  19. Apr 28, 2026SCHEDULE 13G EDGAR
  20. Apr 28, 2026SCHEDULE 13G EDGAR

The 351 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

65 open-market trades by officers, directors and large owners since October 2021: 7 buys and 58 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 14, 2026Arizmendi MaritzaChief Financial OfficerSale10,000$53.35$533.5KForm 4
Aug 12, 2026De Jesus NestorDirectorSale4,000$53.00$212.0KForm 4
Jul 24, 2026FERNANDEZ JOSE RAFAELCEO; Chairman BODSale52,352$52.45$2.7MForm 4
Feb 20, 2026FRANQUI ANNETTEDirectorBuy1,540$42.07$64.8KForm 4
Dec 22, 2025De Jesus NestorDirectorSale2,000$42.31$84.6KForm 4
Dec 15, 2025Ortiz Cesar AChief Risk OfficerSale5,500$42.18$232.0KForm 4
Nov 12, 2025FERNANDEZ JOSE RAFAELCEO; Chairman BODSale25,232$40.95$1.0MForm 4
Nov 11, 2025FERNANDEZ JOSE RAFAELCEO; Chairman BODSale4,768$40.53$193.2KForm 4
Nov 10, 2025Colon JorgeDirectorSale25,000$40.85$1.0MForm 4
Jun 10, 2025Arizmendi MaritzaChief Financial OfficerSale5,000$42.30$211.5KForm 4
May 5, 2025Arizmendi MaritzaChief Financial OfficerSale5,000$41.44$207.2KForm 4
Dec 5, 2024FERNANDEZ JOSE RAFAELCEO; Chairman BODSale50,000$45.37$2.3MForm 4
Dec 4, 2024FERNANDEZ JOSE RAFAELCEO; Chairman BODSale50,000$45.24$2.3MForm 4
Nov 6, 2024Colon JorgeDirectorSale10,000$46.40$464.0KForm 4
Jul 30, 2024Colon JorgeDirectorSale11,176$45.56$509.2KForm 4
Jul 29, 2024Colon JorgeDirectorSale33,081$45.73$1.5MForm 4
May 8, 2024Kumar GaneshChief Strategy Officer, USSale6,695$37.93$253.9KForm 4
May 7, 2024Kumar GaneshChief Strategy Officer, USSale8,062$38.04$306.7KForm 4
May 6, 2024Kumar GaneshChief Strategy Officer, USSale20,074$38.00$762.8KForm 4
Mar 28, 2024Kumar GaneshChief Strategy Officer, USSale7,628$36.40$277.7KForm 4

All 65 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,160,369$302.3M0.0%−52,188
Vanguard Portfolio Management LLC3,120,096$153.1M0.0%+11,032
Dimensional Fund Advisors LP2,565,745$125.9M0.0%−39
State Street Corp2,490,188$123.0M0.0%+82,808
First Trust Advisors LP2,359,816$115.8M0.1%+37,892
Vanguard Capital Management LLC1,874,751$92.0M0.0%−33,402
American Century Companies Inc1,737,379$85.3M0.0%+136,880
Charles Schwab Investment Management Inc1,564,209$76.8M0.0%+143,921
Geode Capital Management, LLC1,166,977$57.3M0.0%+41,582
Nuveen, LLC945,112$46.4M0.0%−45,407
Goldman Sachs Group Inc639,019$31.4M0.0%+127,451
Two Sigma Investments, LP608,895$29.9M0.0%+96,937
Northern Trust Corp581,103$28.5M0.0%+20,542
Qube Research & Technologies Ltd561,046$27.5M0.0%+184,041
Barrow Hanley Mewhinney & Strauss LLC509,340$25.0M0.1%−712,362
Morgan Stanley492,389$24.2M0.0%−6,349
Millennium Management LLC435,219$21.4M0.0%−179,528
Jupiter Topco LLC429,854$21.1M0.0%New
Deutsche Bank Ag\420,858$20.7M0.0%+4,785
Bank of New York Mellon Corp380,818$18.7M0.0%+560
Jacobs Levy Equity Management, Inc375,589$18.4M0.1%−19,277
Algert Global LLC346,607$17.0M0.2%+29,715
Bridgeway Capital Management, LLC320,016$15.7M0.3%−7,211
Federated Hermes, Inc.291,193$14.3M0.0%+37,282
Aqr Capital Management LLC279,469$13.7M0.0%+71,487

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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