OFG Bancorp Reports Solid Financial Performance in 2025

OFG Bancorp (OFG), a financial holding company headquartered in San Juan, Puerto Rico, has reported its financial results for the year ended December 31, 2025, showcasing a steady performance. The company's diluted earnings per share (EPS) reached $4.58, marking an increase from $4.23 in 2024. Total core revenues for the year amounted to $729.8 million, compared to $709.6 million in the previous year, reflecting a 2.8% growth. This growth was attributed to disciplined core operations and a favorable tax benefit during the fourth quarter.

The company's fourth-quarter performance also demonstrated positive trends, with diluted EPS at $1.27, up from $1.09 in the fourth quarter of 2024. Total core revenues for the quarter were $185.4 million, compared to $181.9 million in the same period of the previous year. Key performance metrics for the fourth quarter included a net interest margin of 5.12%, a return on average assets of 1.81%, a return on average tangible common stockholders’ equity of 17.20%, and an efficiency ratio of 56.65%. The company's total interest income for the fourth quarter was $197.2 million, while total interest expense was $44.5 million.

OFG Bancorp experienced growth in its loan portfolio, with loans held-for-investment reaching $8.20 billion, compared to $7.79 billion in the fourth quarter of 2024. New loan production for the year reached a record $2.57 billion, reflecting an 11.5% increase. Customer deposits also increased to $9.92 billion, compared to $9.45 billion in the fourth quarter of 2024. The company's CET1 ratio was 13.97%, and the tangible book value per share was $29.96. Throughout the year, asset quality and credit metrics remained sound and well-controlled.

Strategic developments included an increase in the regular quarterly cash dividend to $0.30 per common share in January 2025, and a new $100 million stock repurchase program approved in April 2025. The company repurchased 2,253,819 shares during 2025 for a total of $91.6 million. Looking ahead, in January 2026, the Board approved a further increase in the regular quarterly cash dividend to $0.35 per common share and a new $200 million stock repurchase program. The company's focus remains on transitioning to a fully digital, data-driven, customer-centric financial institution, while maintaining strong human relationships.

About OFG BANCORP

OFG Bancorp is a financial holding company based in Puerto Rico, primarily operating through its subsidiary, Oriental Bank. It offers banking, lending, wealth management, and financial services to clients in Puerto Rico, USVI, and the mainland US. The company emphasizes digital banking, customer relationships, and operational efficiency, serving retail, commercial, and institutional markets with a focus on innovation, regulatory compliance, and community development.

This description was generated via AI from an annual report. Updated 9 months ago.

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