← OFG BANCORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $59.2m | $52.6m | $84.4m | $53.8m | $74.3m | $146.2m | $166.2m | $181.9m | $198.2m | $205.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $45.3m | $38.8m | $72.4m | $47.3m | $67.8m | $144.9m | $166.2m | $181.9m | $198.2m | $205.1m | |
| Depreciation, Depletion and Amortization | — | — | — | — | — | — | — | — | $20.9m | $20.5m | |
| Amortization of Intangible Assets | $1.7m | $1.5m | $1.3m | $1.2m | $11.1m | $9.8m | $8.5m | $6.9m | $5.9m | $4.9m | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | — | — | $282k | |
| Depreciation | $9.4m | $9.0m | $8.9m | $8.5m | $12.7m | $14.1m | $15.8m | $20.4m | $20.9m | $20.5m | |
| Depreciation, Nonproduction | $9.4m | $9.0m | $8.9m | $8.5m | $12.7m | $14.1m | $15.8m | $20.4m | $20.9m | $20.5m | |
| Amortization of premiums, net of accretion of fair value discounts, on loans and amortization of deferred loan origination costs, net of fees | $3.5m | $3.5m | $4.6m | $4.6m | ($11.1m) | ($10.2m) | $683k | $1.3m | $2.7m | $809k | |
| Accretion of investment securities discounts, net of amortization of premiums | $8.5m | $7.9m | $5.8m | $5.0m | $5.0m | $3.1m | ($3.6m) | ($4.5m) | ($6.7m) | ($1.3m) | |
| Amortization of other intangible assets | $1.7m | $1.5m | $1.3m | $1.2m | $11.1m | $9.8m | $8.5m | $6.9m | $5.9m | $4.9m | |
| Depreciation and amortization of premises and equipment | $9.4m | $9.0m | $8.9m | $8.5m | $12.7m | $14.1m | $15.8m | $20.4m | $20.9m | $20.5m | |
| Deferred Income Tax Expense (Benefit) | $23.2m | ($3.7m) | $14.8m | ($4.1m) | $27.8m | $63.6m | $61.1m | $67.3m | $21.6m | ($153.7m) | |
| Deferred income tax (benefit) expense, net | $23.2m | ($3.7m) | $14.8m | ($4.1m) | $27.8m | $63.6m | $61.1m | $67.3m | $21.6m | ($153.7m) | |
| Share-based Payment Arrangement, Noncash Expense | $1.3m | $1.1m | $1.4m | $2.1m | $2.2m | $6.2m | $4.2m | $5.0m | $7.2m | $6.2m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | — | $279k | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | $0 | $0 | $0 | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($48k) | ($569k) | — | — | — | — | — | — | — | ($6.1m) | |
| Gain (Loss) on Disposition of Other Assets | $1.6m | ($57k) | $107k | $187k | $6k | $571k | $5.0m | ($106k) | $1k | $1.1m | |
| Gain (Loss) on Extinguishment of Debt | ($12.0m) | ($80k) | $0 | ($7k) | ($63k) | ($1.5m) | $42k | $0 | $0 | — | |
| Income Tax Expense (Benefit) | $26.0m | $15.4m | $48.4m | $21.4m | $20.5m | $68.5m | $77.9m | $83.4m | $55.6m | $29.0m | |
| Net change in operating leases | — | $0 | $0 | ($75k) | $455k | $469k | $360k | $297k | ($113k) | ($295k) | |
| Operating lease liabilities paid | — | $0 | $0 | $6.9m | $12.8m | $10.9m | $10.1m | $10.1m | $9.6m | $9.2m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $7.9m | ($13.7m) | ($5.5m) | $2.0m | $7.2m | $9.1m | ($35.4m) | ($5.0m) | $31.3m | ($55.9m) | |
| Provision for Loan, Lease, and Other Losses | $65.1m | $113.1m | $56.1m | $96.8m | $92.7m | $221k | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | $583k | $283k | — | — | — | — | |
| Parent Company | $10.1m | $10.6m | $12.8m | $14.4m | $14.4m | $19.7m | $30.1m | $41.0m | $45.6m | $51.9m | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | $19k | ($247k) | ($1.1m) | ($7k) | — | |
| Debt Securities, Realized Gain (Loss) | — | — | — | $8.3m | $4.7m | $19k | ($247k) | ($1.1m) | ($7k) | $0 | |
| Gain (Loss) on Sale of Derivatives | — | — | — | $0 | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Mortgage Loans | $1.6m | $955k | $301k | $524k | $4.5m | $7.3m | $1.2m | $7.3m | $1.4m | $4.0m | |
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | — | — | — | — | — | $1.4m | |
| Gain (Loss) on Sales of Mortgage Backed Securities (MBS) | — | — | — | $8.3m | $4.7m | — | — | — | — | — | |
| Goodwill | $86.1m | $86.1m | $86.1m | $86.1m | $86.1m | $86.1m | $84.2m | $84.2m | $84.2m | $84.2m | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | $221k | $24.1m | $60.6m | $82.3m | $107.5m | |
| Unrealized Gain (Loss) on Derivatives | $1.0m | $510k | $14k | $907.0m | ($1.7m) | — | — | — | — | — | |
| Provision for credit losses | — | — | $56.1m | $96.8m | $92.7m | $221k | $24.1m | $60.6m | $82.3m | $107.5m | |
| Stock-based compensation | $1.3m | $1.1m | $1.4m | $2.1m | $2.2m | $6.2m | $4.2m | $5.0m | $7.2m | $6.2m | |
| Sale of securities | ($12.2m) | ($6.9m) | $0 | ($8.3m) | ($4.7m) | ($19k) | $247k | $1.1m | $7k | $0 | |
| Sale of loans | ($1.6m) | ($955k) | ($301k) | ($524k) | ($4.5m) | ($7.3m) | ($1.2m) | ($7.3m) | ($1.4m) | ($4.0m) | |
| Foreclosed real estate and other repossessed assets | $11.9m | $5.0m | $3.4m | $3.1m | $2.2m | ($10.4m) | ($12.2m) | ($6.3m) | ($557k) | ($2.2m) | |
| Sale of other assets | ($1.6m) | $57k | ($107k) | ($187k) | ($6k) | ($571k) | ($5.0m) | $106k | ($1k) | ($1.1m) | |
| Disposals of other assets | ($48k) | ($569k) | — | — | — | — | — | $0 | $0 | $6.1m | |
| Originations and purchases of loans held-for-sale | ($179.4m) | ($116.0m) | ($95.5m) | ($82.1m) | ($236.1m) | ($353.7m) | ($185.9m) | ($67.9m) | ($123.0m) | ($131.8m) | |
| Proceeds from sale of loans held-for-sale | $69.9m | $75.6m | $27.8m | $49.0m | $4.4m | $220.7m | $97.6m | $35.9m | $81.0m | $50.0m | |
| Accrued interest receivable | $410k | ($29.7m) | $15.7m | $1.9m | ($23.6m) | $9.5m | ($5.8m) | ($8.9m) | ($250k) | $612k | |
| Servicing assets | ($2.4m) | ($37k) | ($895k) | $401k | $3.5m | ($1.7m) | ($1.9m) | $1.4m | $533k | $4.1m | |
| Other assets | ($7.9m) | $13.7m | $5.5m | ($2.0m) | ($7.2m) | ($9.1m) | $1.1m | $0 | $0 | $55.9m | |
| Accrued interest on deposits and borrowings | ($862k) | ($937k) | $1.5m | $8.1m | ($10.5m) | ($861k) | $34k | $3.0m | $520k | $3.4m | |
| Accrued expenses and other liabilities | $4.3m | $28.4m | ($2.0m) | ($27.8m) | ($17.4m) | $18.4m | ($34.2m) | $279k | ($4.8m) | $46.9m | |
| Mortgage servicing rights | — | — | — | — | — | — | $0 | $0 | ($20.4m) | $0 | |
| FHLB stock | $30.4m | $28.7m | $115.1m | $3.3m | $4.8m | $2.3m | $83k | $36.3m | $67.3m | $27.2m | |
| Equity securities | ($20.4m) | ($31.9m) | ($113.7m) | ($467k) | ($3.4m) | ($7.7m) | ($4.5m) | ($5.9m) | ($6.6m) | ($4.7m) | |
| Foreclosed real estate and other repossessed assets, including write-offs | $46.4m | $40.1m | $51.1m | $51.5m | $40.6m | $45.0m | $48.8m | $60.1m | $48.2m | $53.9m | |
| Loans held-for-investment | $1.1m | $0 | $0 | $19.3m | $0 | $4.8m | $0 | $0 | $0 | $13.8m | |
| Premises and equipment | $12k | $569k | $1.7m | $2.2m | $52k | $570k | $4.8m | $38k | $1k | $1.4m | |
| Origination and purchase of loans, excluding loans held-for-sale | ($768.4m) | ($801.8m) | ($1.3b) | ($1.2b) | ($1.5b) | ($2.0b) | ($2.9b) | ($3.6b) | ($3.0b) | ($3.5b) | |
| Principal repayment of loans | $817.2m | $699.4m | $840.1m | $1.1b | $1.5b | $2.1b | $2.4b | $2.7b | $2.6b | $3.0b | |
| Deposits | ($61.1m) | $126.0m | $100.1m | ($265.2m) | $735.8m | $152.7m | $6.9m | $1.2b | ($153.2m) | $661.8m | |
| Securities sold under agreements to repurchase | ($292.3m) | ($459.8m) | $262.2m | ($264.7m) | ($190.1m) | $0 | $0 | $0 | $75.0m | $25.0m | |
| FHLB advances and other borrowings | — | — | — | — | — | ($39.2m) | ($1.5m) | $173.1m | $125.0m | $130.0m | |
| Employee awards repurchased, net of exercise of stock options and restricted units lapsed | — | — | — | — | — | — | — | ($1.7m) | ($4.4m) | ($3.5m) | |
| Purchase of treasury stock | $0 | $0 | $0 | $0 | ($2.2m) | ($49.9m) | ($64.1m) | ($18.7m) | ($70.3m) | ($91.6m) | |
| Cash and due from banks | — | $478.2m | $442.1m | $844.5m | $2.1b | $2.0b | $546.1m | $743.5m | $584.5m | $1.0b | |
| Money market investments | — | $7.0m | $4.9m | $6.8m | $11.9m | $9.0m | $4.2m | $4.6m | $6.7m | $4.3m | |
| Mortgage loans held-for-sale securitized into mortgage-backed securities | $112.1m | $74.9m | $74.6m | $62.8m | $213.8m | $149.1m | $126.1m | $93.6m | $74.7m | $82.8m | |
| Transfer from loans to foreclosed real estate and other repossessed assets | $45.5m | $43.2m | $47.1m | $43.9m | $23.3m | $39.5m | $37.2m | $53.4m | $44.8m | $47.8m | |
| Financed sales of foreclosed real estate | $2.2m | $1.1m | $2.3m | $1.1m | $284k | $1.4m | $1.8m | $585k | $1.3m | $711k | |
| Delinquent loans booked under the GNMA buy-back option | $9.7m | $8.3m | $13.3m | $75.2m | $56.2m | $14.5m | $32.6m | $19.4m | $48.6m | $56.5m | |
| Conversion of debt security to equity security | — | — | — | — | $0 | $0 | $1.5m | $376k | $0 | $0 | |
| Derivative, Gain (Loss) on Derivative, Net | ($71k) | $132k | $0 | $0 | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $78.5m | $151.4m | $133.4m | $109.6m | ($88.6m) | $100.0m | $164.5m | $295.7m | $252.5m | $217.7m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $5.3m | $6.5m | $11.5m | $13.0m | $15.3m | $23.1m | $31.0m | $17.9m | $21.3m | $18.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $0 | — | — | — | |
| Investment securities available-for-sale | $145.5m | ($182.1m) | $120.7m | $680.5m | $321.0m | $2.2m | $242.1m | $202.1m | $149.4m | $0 | |
| Investment securities held-to-maturity | ($86.5m) | $0 | $0 | $0 | $0 | $12.4m | $29.4m | $22.3m | $222.1m | $22.2m | |
| Reclassification of loans held-for-investment portfolio to held-for-sale portfolio | $123.1m | $33.6m | $5.8m | $14.5m | $2.5m | $55.0m | $17.5m | $53.0m | $34.7m | $13.1m | |
| Reclassification of loans held-for-sale portfolio to held-for-investment portfolio | $182k | $293k | $1.2m | $49k | $0 | $7.1m | $22.7m | $8.8m | $13.6m | $15.7m | |
| Net Cash Provided by (Used in) Investing Activities | $568.1m | $187.3m | ($488.8m) | $842.2m | $881.1m | ($182.9m) | ($1.5b) | ($1.4b) | ($336.0m) | ($438.4m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $145.5m | $105.2m | $120.7m | $165.7m | $569.7m | $102.0m | $132.8m | $273.6m | $991.0m | $526.1m | |
| Financed repayment of debt security at maturity | — | — | — | — | — | — | — | $0 | $0 | $35.0m | |
| Payments for Repurchase of Common Stock | $0 | $0 | — | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $10 | $11 | $13 | $14 | $14 | $20 | $30 | $41 | $46 | $52 | |
| Dividends paid on common stock | ($10) | ($11) | ($13) | ($14) | ($14) | ($20) | ($30) | ($41) | ($46) | ($52) | |
| Net Cash Provided by (Used in) Financing Activities | ($672.8m) | ($364.0m) | $317.2m | ($549.1m) | $510.4m | ($49.0m) | ($124.7m) | $1.3b | ($73.6m) | $669.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | ($131.9m) | ($1.5b) | $197.7m | ($157.0m) | $449.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $450.1m | $852.8m | $2.2b | $2.0b | $550.5m | $748.2m | $591.1m | $1.0b | |
| Net change in cash and cash equivalents | ($26.3m) | ($25.2m) | — | $402.7m | $1.3b | ($131.9m) | ($1.5b) | $197.7m | ($157.0m) | $449.2m | |
| Cash and cash equivalents at beginning of year | $513.5m | $488.2m | $450.1m | $852.8m | $2.2b | $2.0b | $550.5m | $748.2m | $591.1m | $1.0b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $56.3m | $40.6m | $41.3m | $41.3m | $56.4m | $35.3m | $27.0m | $79.7m | $156.8m | $165.2m | |
| Income Taxes Paid, Net | $10.1m | $30k | $17.8m | $39.4m | $6.3m | $2.8m | $5.1m | $15.0m | $40.1m | $81.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.