OFG
OFG Bancorp42.15
-0.09-0.21%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Commercial shift, buyback priority highlighted
Q&A sharpened the 2026 playbook: commercial loans targeted for 5-6% growth in Puerto Rico and US, building on retail wins, while overall loans stay low single digits with auto down 2-3%. Buybacks take priority over dividends amid valuation discounts to peers. Expenses hold flat at $380-385M, efficiencies from robotics and 30-60 fewer FTEs ramping in 2027-28. Credit bumps were idiosyncratic—a telecom reserve and seasonal auto cleanup. Competition stirs slowly, yet Libre draws 75% new customers, 40% under 30. Buybacks trump dividends at current multiples. Confident tone prevails; watch commercial execution.
Key Stats
Market Cap
1.88BP/E (TTM)
9.58Basic EPS (TTM)
4.40Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
OFG Bancorp delivered FY2025 diluted EPS of $4.58, up 8.3% y/y, on 2.8% core revenue growth to $729.8M amid 5.3% loans expansion to $8.20B. Q4 EPS hit $1.27, +16.4% y/y and +9.5% q/q, with core revenues edging up 0.8% q/q to $185.4M; loans grew 1.0% q/q on commercial strength, deposits +1.1% q/q to $9.92B. Net charge-offs rose to 1.32% but early delinquencies fell; provision reflected volume and a $5.1M telecom reserve. Repurchased $91.6M shares; CET1 dipped to 13.97%. Q4 accelerated momentum. Yet Puerto Rico's fiscal woes loom.
8-K
OFG EPS jumps 16% to $1.27
OFG Bancorp posted 4Q25 diluted EPS of $1.27, up 16.4% year-over-year on $185.4M core revenues, fueled by a $16.8M tax benefit yet pressured by $31.9M credit provisions and $26.9M net charge-offs. Loans hit $8.20B, deposits $9.92B; repurchased $40.1M shares. Credit metrics slipped—NPLs at 1.59%. Solid capital intact.
10-Q
Q3 FY2025 results
OFG Bancorp posted Q3 net income of $51.8M, up 10% y/y, with diluted EPS at $1.16 (up 16% y/y, derived). Net interest income climbed 5% y/y to $154.7M on 6% higher loan interest from commercial and auto growth, yet net interest margin slipped to 5.24% amid rising deposit costs. Provision for credit losses rose 32% y/y to $28.3M on loan volume and specific commercial reserves, while net charge-offs ticked to 1.00% of average loans. Deposits swelled 4% y/y to $10.0B (core up 4%), cash hit $740M, and FHLB advances doubled to $457M; free cash flow not disclosed in the 10-Q. Repurchased $20M in shares. Solid capital (CET1 14.13%) holds, but Puerto Rico fiscal plans pose risks.
8-K
Q3 EPS $1.16, up 16% YoY
10-Q
Q2 FY2025 results
OFG Bancorp posted steady Q2 FY2025 results through June 30, with net interest income up 3.1% y/y to $151.9M on loan growth, yet diluted EPS flat at $1.15 amid a 39% y/y provision jump to $21.7M for volume and specific reserves. Loans hit $8.18B, up 7.1% y/y (derived), fueled by commercial; core deposits climbed to $9.90B. Cash swelled to $852M while FHLB advances rose to $457M (4.1% avg rate, 1.7-yr maturity). Buybacks trimmed shares. Puerto Rico fiscal plans pose risks.
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