OFG Bancorp (OFG)

In April 2025, OFG Bancorp announced a share repurchase plan and declared a quarterly dividend, reporting diluted EPS of $1.00 and core revenues of $178.3 million, noting seasonal declines in Puerto Rico lending offset by U.S. commercial lending increases. In July 2025, the company reported diluted EPS of $1.15 and core revenues of $182.2 million, with increased loan production across all lending channels, and declared a regular quarterly common stock dividend. In October 2025, OFG Bancorp reported diluted EPS of $1.16, up 16% year-over-year, and core revenues of $184.0 million, repurchasing $20.4 million of common shares, while experiencing a moderation in auto loan originations.

OFG Bancorp's products and services exhibit some demand seasonality, with first-quarter results indicating seasonal declines in Puerto Rico lending. The third-quarter earnings call mentioned a moderation in auto loan originations and shifts in deposit balances, which could be influenced by seasonal factors.

OFG Bancorp is a financial holding company based in San Juan, Puerto Rico, operating in the finance and insurance sector with a focus on banking. It offers consumer banking and lending, commercial banking, and wealth management services. Consumer offerings include auto loans, mortgages, consumer finance, and credit cards. Commercial services include business loans, cash management, and international trade financing. Wealth management services encompass financial planning, investment brokerage, and retirement products. Oriental Bank aims to differentiate itself through customer experience, digital capabilities, and expert advice.

OFG Bancorp's operations are primarily concentrated in Puerto Rico and the U.S. Virgin Islands. One of its subsidiaries, Caribbean Pension Consultants, Inc., is based in Boca Raton, Florida.

OFG Bancorp, through Oriental Bank, has maintained a generally positive brand reputation but faces customer service challenges. Forbes recognized OFG Bancorp as one of "America's Best Banks in 2025." Customer reviews indicate issues with customer service and the mobile app, but the bank is noted for not charging certain fees.

Institutional investors hold approximately 87.15% of OFG Bancorp's stock, individual insiders own about 1.15%, the general public holds approximately 0.62%, and public companies and other individual investors account for 11.82%. Top institutional holders include BlackRock, Inc., The Vanguard Group, Inc., and Dimensional Fund Advisors Lp.