OFG BANCORP

For the period ended Sep 30, 2026. Filed Nov 5, 2026.

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, 2026 · Filed Nov 5, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unaudited Consolidated Statements of Operations

	Quarter Ended September 30,		Nine-Month Period Ended September 30,
	2026	2025	2026	2025
(In thousands, except per share data)
Interest income:
Loans	$160,406	$161,334	$481,375	$471,729
Mortgage-backed securities	28,967	29,244	86,684	85,923
Investment securities and other	6,371	9,567	18,961	26,062
Total interest income	195,744	200,145	587,020	583,714
Interest expense:
Deposits	36,340	39,742	104,332	113,913
Securities sold under agreements to repurchase	1,225	986	4,154	1,816
Advances from FHLB and other borrowings	4,609	4,693	13,852	12,262
Total interest expense	42,174	45,421	122,338	127,991
Net interest income	153,570	154,724	464,682	455,723
Provision for credit losses	18,140	28,258	53,629	75,624
Net interest income after provision for credit losses	135,430	126,466	411,053	380,099
Non-interest income:
Banking service revenue	17,674	15,930	52,015	47,893
Wealth management revenue	9,367	9,014	28,007	26,387
Mortgage banking activities	5,137	4,312	17,128	14,434
Total banking and financial service revenues	32,178	29,256	97,150	88,714
Other non-interest income	466	2,197	684	2,686
Total non-interest income	32,644	31,453	97,834	91,400

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE QUARTERS AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2026 AND 2025 (CONTINUED)

	Quarter Ended September 30,		Nine-Month Period Ended September 30,
	2026	2025	2026	2025
(In thousands, except per share data)
Non-interest expense:
Compensation and employee benefits	40,511	39,836	123,034	119,333
Occupancy, equipment and infrastructure costs	14,760	14,994	42,451	44,443
Electronic banking charges	12,502	12,657	33,336	34,602
Information technology expenses	5,823	6,805	19,537	19,771
Professional and service fees	4,344	5,336	15,397	15,267
Taxes, other than payroll and income taxes	4,267	4,153	12,558	11,622
Insurance	2,738	2,721	8,412	8,511
Advertising, business promotion, and strategic initiatives	3,277	2,875	9,480	8,036
Loan servicing and clearing expenses	2,505	2,288	7,566	6,694
Communication	1,035	1,080	3,234	3,421
Printing, postage, stationery and supplies	930	1,022	3,349	3,151
Director and investor relations	298	296	1,007	1,013
Foreclosed real estate and other repossessed assets expenses (income), net	96	(521)	(494)	817
Operational losses and related loss provisions	426	292	6,973	671
Other	2,753	2,714	7,960	7,450
Total non-interest expense	96,265	96,548	293,800	284,802
Income before income taxes	71,809	61,371	215,087	186,697
Income tax expense	15,198	9,533	45,762	37,487
Net income available to common shareholders	$56,611	$51,838	$169,325	$149,210
Earnings per common share:
Basic	$1.34	$1.17	$3.99	$3.33
Diluted	$1.33	$1.16	$3.97	$3.31
Average common shares outstanding and equivalents	42,444	44,658	42,620	45,056
Cash dividends per share of common stock	$0.35	$0.30	$1.05	$0.90

ContentsView on SEC.gov

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