OFG Bancorp
Banking · Puerto Rico, United States · 1K - 5K Employees
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Overview
Headquarters
254 Munoz Rivera, San Juan, Puerto Rico,...Phone Number
(787) 771-6800Website
www.ofgbancorp.comRevenue
$634.5 MillionStock Symbol
OFGIndustry
ZI Rank: 2
Signal Type
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ZI Rank
3
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About OFG Bancorp
OFG Bancorp provides retail and commercial banking, lending and wealth management products, services and technology. OFG Bancorp is based in San Juan, Puerto Rico.Explore more
OFG Bancorp Org Chart
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Company Profile Activity
Activity Insights
OFG Bancorp is experiencing very low activity levels compared to other companies in the Finance sector.
What does this means?
OFG Bancorp is drawing exceptional interest within the Finance industry, suggesting notable developments or strong market momentum, learn more about OFG Bancorp.
OFG Bancorp Tech Stack
A closer look at the technologies used by OFG Bancorp
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Most Recent Scoops
Earnings
reported average borrowings and broker deposits of $769 million for Q3 compared to $672 million in Q2. The aggregate rate paid was 4.11%, level with Q2. End of period balances were $746 million compared to $732 million. Q3 reflected increased variable rate borrowings and decreased brokerage deposits.
Earnings, Accounting, Financial Reporting, Banking, Business Finance, Finance
Project
OFG Bancorp has announced that it will continue to make investments in technology while also identifying opportunities to bring efficiencies in banking operations. The company is starting to see opportunities for efficiencies, particularly with people efficiencies on the operating side of the bank. The company will provide expense guidance for 2026 in Q4.
Spending/Investment, Automation, Forecasting, Banking
Earnings
OFG Bancorp has announced that Q3 non-interest expense was a little above the company's range, but the company continues to anticipate expenses will be between $95 million to $96 million per quarter.
Earnings, Accounting, Forecasting, Financial Reporting, Finance
Earnings
reported net charge-offs of $20 million for Q3, up $7.4 million. Total net charge-off rate was 1%, up 36 basis points sequentially. This includes $3.6 million from one of the two commercial loans mentioned.
Earnings, Accounting, Financial Reporting, Banking, Finance, Risk
Earnings
Earnings, Asset Management, Accounting, Financial Reporting, Finance
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Frequently Asked Questions Regarding OFG Bancorp
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OFG Bancorp provides retail and commercial banking, lending and wealth management products, services and technology. OFG Bancorp is based in San Juan, Puerto Rico.... Read More
