OFG BANCORP
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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Sep 30, 2026 · Filed Nov 5, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In January 2026, the Board approved a new $200.0 million stock repurchase program in addition to the $100.0 million stock repurchase program approved in April 2025.
The shares of common stock repurchased are held by OFG as treasury shares. OFG records treasury stock purchases under the cost method whereby the entire cost of the acquired stock is recorded as treasury stock.
During the quarter ended September 30, 2026, OFG repurchased 260,946 shares for a total of $13.5 million at an average price of $51.90 per share, under the Existing Repurchase Programs.
The table below sets forth the information with respect to purchases of our common stock made by or on behalf of OFG during the quarter ended September 30, 2026, excluding the month of July during which no shares were repurchased as part of the repurchase programs:
| Period | Total number ofshares purchased | Average price paidper share | Total number ofshares purchasedas part of publiclyannounced programs | Maximum approximatedollar value of sharesthat may yet be purchasedunder the programs |
|---|---|---|---|---|
| (In thousands, except per share and per share data) | ||||
| 8/31/2026 | 86,939 | $51.76 | 86,939 | $189,108 |
| 9/30/2026 | 174,007 | 51.97 | 174,007 | 180,064 |
| Total | 260,946 | $51.90 | 260,946 | $180,064 |
At September 30, 2026, the estimated remaining number of shares that may be purchased under the repurchase Programs is 3,595,531 and was calculated by dividing the remaining balance of $180.1 million by $50.08 (closing price of OFG’s common stock September 30, 2026). OFG did not repurchase any shares of its common stock during the quarter ended September 30, 2026, other than through its publicly announced stock repurchase programs.
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