OFG BANCORP

For the period ended Sep 30, 2025. Filed Nov 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 7, 2025

OFG$51.18+0.0%Stored close · as of Nov 10, 2026

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Contents

Item 1. Unaudited Consolidated Statements of Financial Condition

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024

	September 30,	December 31,
	2025	2024
(In thousands)
ASSETS
Cash and cash equivalents:
Cash and due from banks	$737,084	$584,467
Money market investments	3,265	6,670
Total cash and cash equivalents	740,349	591,137
Investments:
Trading securities, at fair value, with amortized cost of $163 (December 31, 2024 - $163)	21	18
Investment securities available-for-sale, at fair value, with amortized cost of $2,597,789 (December 31, 2024 - $2,444,135); no allowance for credit losses	2,566,969	2,338,205
Investment securities held-to-maturity, at amortized cost, with fair value of $262,865 (December 31, 2024 - $267,174); no allowance for credit losses	310,116	327,158
Equity securities	61,906	54,896
Total investments	2,939,012	2,720,277
Loans:
Loans held-for-sale, at lower of cost or fair value	15,928	17,732
Loans held-for-investment, net of allowance for credit losses of $197,782 (December 31, 2024 - $175,863)	7,919,485	7,616,099
Total loans	7,935,413	7,633,831
Other assets:
Foreclosed real estate	3,160	4,002
Accrued interest receivable	71,591	71,667
Deferred tax assets, net	7,468	6,248
Premises and equipment, net	100,760	104,512
Customers' liability on acceptances	29,975	31,526
Servicing assets	67,437	70,435
Goodwill	84,241	84,241
Other intangible assets	11,086	14,782
Operating lease right-of-use assets	22,694	19,197
Other assets	216,626	148,879
Total assets	$12,229,812	$11,500,734

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024 (CONTINUED)

	September 30,	December 31,
	2025	2024
(In thousands)
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Demand deposits	$5,791,959	$5,627,406
Savings accounts	2,208,212	2,064,916
Time deposits	2,008,462	1,912,464
Total deposits	10,008,633	9,604,786
Borrowings:
Securities sold under agreements to repurchase	100,791	75,222
Advances from the FHLB	456,530	325,952
Total borrowings	557,321	401,174
Other liabilities:
Acceptances executed and outstanding	29,975	31,526
Operating lease liabilities	24,681	21,388
Deferred tax liabilities, net	50,298	40,718
Accrued expenses and other liabilities	183,487	146,771
Total liabilities	10,854,395	10,246,363
Commitments and contingencies (See Note 19)
Stockholders’ equity:
Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 44,264,922 shares outstanding (December 31, 2024 - 59,885,234 shares issued; 45,440,269 shares outstanding)	59,885	59,885
Additional paid-in capital	641,350	639,786
Legal surplus	183,614	169,537
Retained earnings	866,826	771,993
Treasury stock, at cost, 15,620,312 shares (December 31, 2024 - 14,444,965 shares)	(348,957)	(296,991)
Accumulated other comprehensive loss, net of tax of $3,519 (December 31, 2024 - $16,091)	(27,301)	(89,839)
Total stockholders’ equity	1,375,417	1,254,371
Total liabilities and stockholders’ equity	$12,229,812	$11,500,734

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.