← OFG BANCORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $366.2m $382.9m $396.0m $405.3m $532.8m $0 $0 $0 $711.7m $731.4m
Additional Financial Items
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
Debt Securities, Realized Gain (Loss) — — — $8.3m $4.7m $19k ($247k) ($1.1m) ($7k) $0
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — — — — — — $279k
Gain (Loss) on Sales of Mortgage Backed Securities (MBS) — — — $8.3m $4.7m — — — — —
Goodwill, Impairment Loss — — — $0 $0 $0 $0 $0 $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic — — — — — — — — — $218.1m
Loans $321.9m $312.4m $321.4m $339.9m $457.4m $433.8m $460.2m $554.7m $613.6m $629.9m
Mortgage-backed securities $30.5m $27.0m $31.2m $19.9m $7.6m $11.6m $31.3m $50.4m $91.8m $116.0m
Investment securities and other $4.1m $6.2m $7.8m $14.1m $8.4m $3.8m $24.1m $43.8m $44.9m $35.0m
Deposits $29.3m $30.3m $33.0m $39.4m $60.2m $39.0m $32.2m $76.0m $150.3m $152.7m
Securities sold under agreements to repurchase $18.8m $7.2m $7.8m $7.4m $1.3m $0 $0 $3.3m $542k $2.8m
Advances from FHLB and other borrowings $6.2m $2.4m $1.9m $2.2m $2.0m $1.6m $733k $8.7m $11.0m $17.0m
Net interest income $299.4m $304.2m $315.9m $322.8m $408.4m $407.4m $482.1m $560.9m $588.4m $608.5m
Provision for credit losses — — $56.1m $96.8m $92.7m $221k $24.1m $60.6m $82.3m $107.5m
Net interest income after provision for credit losses $234.4m $191.0m $259.8m $226.0m $315.8m $407.1m $458.0m $500.2m $506.2m $501.0m
Banking service revenue $41.6m $39.5m $43.6m $42.9m $62.6m $71.7m $71.2m $70.1m $66.9m $64.4m
Wealth management revenue $27.4m $25.8m $25.9m $26.2m $31.8m $35.0m $32.6m $33.0m $35.6m $37.8m
Mortgage banking activities $5.0m $4.0m $4.8m $4.3m $16.5m $22.5m $21.9m $18.8m $18.6m $19.1m
Other non-interest income $6.2m $1.0m $5.8m $546k $1.5m $5.4m $6.2m $7.7m $2.1m $1.6m
Compensation and employee benefits $76.9m $79.8m $76.5m $82.5m $132.9m $133.4m $142.9m $155.8m $159.7m $162.4m
Electronic banking charges $20.7m $19.3m $21.2m $21.2m $34.7m $37.2m $39.6m $41.3m $42.8m $47.1m
Professional and service fees $14.9m $12.4m $12.4m $14.6m $17.1m $20.1m $24.8m $18.8m $18.9m $23.7m
Taxes, other than payroll and income taxes $9.8m $9.2m $9.0m $8.7m $13.8m $13.8m $13.0m $13.0m $13.9m $15.8m
Insurance $9.1m $5.2m $6.2m $3.3m $11.4m $10.1m $9.9m $10.5m $11.3m $11.4m
Advertising, business promotion, and strategic initiatives $5.5m $5.6m $5.1m $5.2m $5.9m $7.0m $8.2m $8.7m $9.7m $11.4m
Communication $2.7m $3.4m $3.4m $3.3m $4.1m $4.6m $4.3m $4.7m $4.6m $4.6m
Printing, postage, stationery and supplies $2.6m $2.4m $2.2m $2.5m $3.8m $4.0m $3.6m $3.3m $3.8m $4.1m
Director and investor relations — $1.1m $1.1m $1.2m $1.2m $1.1m $1.1m $1.4m $1.2m $1.4m
Other $10.8m $5.3m $10.1m $10.3m $15.8m $15.0m $16.2m $12.1m $13.4m $11.2m
Total banking and financial service revenues $74.1m $69.3m $74.3m $73.4m $110.9m $129.3m $125.7m $121.9m $121.2m $121.3m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $85.2m $68.1m $132.8m $75.2m $94.8m $214.6m $244.1m $265.2m $253.7m $234.1m
Total interest income $356.6m $345.6m $360.4m $373.8m $473.3m $449.2m $515.6m $648.9m $750.3m $780.9m
Total non-interest income $66.8m $78.7m $80.1m $82.5m $124.4m $133.2m $131.7m $128.4m $123.2m $123.0m
Income before income taxes $85.2m $68.1m $132.8m $75.2m $94.8m $214.6m $244.1m $265.2m $253.7m $234.1m
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
Earnings Per Share, Basic $1.03 $0.88 $1.59 $0.92 $1.32 $2.85 $3.46 $3.85 $4.25 $4.60
Earnings Per Share, Diluted $1.03 $0.88 $1.52 $0.92 $1.32 $2.81 $3.44 $3.83 $4.23 $4.58
Common Stock, Dividends, Per Share, Declared $0.24 $0.24 $0.25 $0.28 $0.28 $0.40 $0.70 $0.88 $1.00 $1.20
Weighted Average Number of Shares Outstanding, Basic 43.9m 43.9m 45.4m 51.3m 51.4m 51.0m 48.0m 47.3m 46.6m 44.6m
Average common shares outstanding and equivalents (in shares) 51.1m 51.1m 51.3m 51.7m 51.6m 51.4m 48.4m 47.6m 46.9m 44.8m
Weighted Average Number of Shares Outstanding, Diluted 51.1m 51.1m 51.3m 51.7m 51.6m 51.4m 48.4m 47.6m 46.9m 44.8m
Noninterest expense:
Labor and Related Expense $76.9m $79.8m $76.5m $82.5m $132.9m $133.4m $142.9m $155.8m $159.7m $162.4m
Costs and Expenses — — — — — $0 $0 $0 — —
Occupancy, equipment and infrastructure costs $31.0m $32.6m $33.1m $30.1m $47.3m $50.2m $51.3m $59.2m $59.1m $59.8m
Information technology expenses $7.1m $8.0m $8.2m $9.9m $20.8m $19.0m $21.9m $27.2m $27.6m $26.8m
Loan servicing and clearing expenses $8.1m $4.7m $4.8m $4.9m $6.8m $7.6m $9.2m $7.8m $7.9m $9.1m
Foreclosed real estate and other repossessed assets expenses (income), net — — — — $7.8m ($3.0m) ($2.1m) ($405k) $3.0m $1.0m
Interest Expense $57.2m $41.5m $44.5m $51.0m $64.9m $41.8m $33.5m $88.0m $161.8m $172.5m
Interest Expense, Securities Sold under Agreements to Repurchase $18.8m $7.2m $7.8m $7.4m $1.3m $0 $0 $3.3m $542k $2.8m
Current Income Tax Expense (Benefit) $2.8m $19.1m $33.6m $25.5m ($7.3m) $4.8m $16.7m $16.0m $34.0m $182.7m
Income tax expense $26.0m $15.4m $48.4m $21.4m $20.5m $68.5m $77.9m $83.4m $55.6m $29.0m
Interest Income (Expense), Net $299.4m $304.2m $315.9m $322.8m $408.4m $407.4m $482.1m $560.9m $588.4m $608.5m
Total interest expense $57.2m $41.5m $44.5m $51.0m $64.9m $41.8m $33.5m $88.0m $161.8m $172.5m
Total non-interest expense $216.0m $201.6m $207.1m $233.2m $345.3m $325.8m $345.5m $363.4m $375.7m $389.8m
Income Tax Expense (Benefit) $26.0m $15.4m $48.4m $21.4m $20.5m $68.5m $77.9m $83.4m $55.6m $29.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.