OFG BANCORP
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout 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, 2026 · Filed Nov 5, 2026
OFG$50.82+0.3%Stored close · as of Nov 6, 2026
Contents
Item 1. Unaudited Consolidated Statements of Financial Condition
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
AS OF SEPTEMBER 30, 2026 AND DECEMBER 31, 2025
| September 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (In thousands) | ||
| ASSETS | ||
| Cash and cash equivalents: | ||
| Cash and due from banks | $560,485 | $1,036,074 |
| Money market investments | 6,288 | 4,261 |
| Total cash and cash equivalents | 566,773 | 1,040,335 |
| Investments: | ||
| Trading securities, at fair value, with amortized cost of $163 (December 31, 2025 - $163) | 22 | 23 |
| Investment securities available-for-sale, at fair value, with amortized cost of $2,566,254 (December 31, 2025 - $2,529,325); no allowance for credit losses | 2,400,058 | 2,510,882 |
| Investment securities held-to-maturity, at amortized cost, with fair value of $197,670 (December 31, 2025 - $225,065); no allowance for credit losses | 252,328 | 269,498 |
| Equity securities | 64,727 | 62,738 |
| Total investments | 2,717,135 | 2,843,141 |
| Loans: | ||
| Loans held-for-sale, at lower of cost or fair value | 10,286 | 15,545 |
| Loans held-for-investment, net of allowance for credit losses of $191,829 (December 31, 2025 - $202,341) | 8,256,570 | 7,998,701 |
| Total loans | 8,266,856 | 8,014,246 |
| Other assets: | ||
| Foreclosed real estate | 1,615 | 2,490 |
| Accrued interest receivable | 69,143 | 71,110 |
| Deferred tax assets, net | 127,364 | 104,359 |
| Premises and equipment, net | 96,538 | 93,554 |
| Customers’ liability on acceptances | 23,734 | 22,442 |
| Servicing assets | 68,542 | 66,333 |
| Goodwill | 84,241 | 84,241 |
| Other intangible assets | 6,898 | 9,854 |
| Operating lease right-of-use assets | 22,815 | 21,261 |
| Other assets | 92,825 | 92,291 |
| Total assets | $12,144,479 | $12,465,657 |
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
AS OF SEPTEMBER 30, 2026 AND DECEMBER 31, 2025 (CONTINUED)
| September 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (In thousands) | ||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Deposits: | ||
| Demand deposits | $4,751,226 | $5,799,985 |
| Savings accounts | 2,276,934 | 2,259,980 |
| Time deposits | 2,960,759 | 2,202,787 |
| Total deposits | 9,988,919 | 10,262,752 |
| Borrowings: | ||
| Securities sold under agreements to repurchase | 200,673 | 100,714 |
| Advances from the FHLB | 401,358 | 456,581 |
| Other borrowings | 3 | 9 |
| Total borrowings | 602,034 | 557,304 |
| Other liabilities: | ||
| Acceptances executed and outstanding | 23,734 | 22,442 |
| Operating lease liabilities | 24,505 | 23,157 |
| Deferred tax liabilities, net | 755 | — |
| Accrued expenses and other liabilities | 167,656 | 209,997 |
| Total liabilities | 10,807,603 | 11,075,652 |
| Commitments and contingencies (See Note 19) | ||
| Stockholders’ equity: | ||
| Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 42,004,638 shares outstanding (December 31, 2025 - 59,885,234 shares issued; 43,257,167 shares outstanding) | 59,885 | 59,885 |
| Additional paid-in capital | 643,653 | 642,973 |
| Legal surplus | 204,892 | 188,490 |
| Retained earnings | 1,013,210 | 904,630 |
| Treasury stock, at cost, 17,880,596 shares (December 31, 2025 - 16,628,067 shares) | (445,597) | (389,067) |
| Accumulated other comprehensive loss, net of tax of $27,029 (December 31, 2025 - $1,537) | (139,167) | (16,906) |
| Total stockholders’ equity | 1,336,876 | 1,390,005 |
| Total liabilities and stockholders’ equity | $12,144,479 | $12,465,657 |
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