OFG Bancorp (OFG) Stock

OFG Bancorp (OFG) is a Financials stock trading at $51.75 (as of 2026-08-20), with a market capitalization of $2.19B and a trailing P/E of 9.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services. It also provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. In addition, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company operates through a network of 50 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

Understand OFG Bancorp: how it makes money

OFG Bancorp provides banking and financial services, including checking and savings, time deposits, lending (commercial, consumer, auto, and mortgage), and wealth and trust services, and it earns money through banking and wealth management revenues and related financial activity.

Bank profits are driven by how much they earn on loans (Loan Yield) versus what they pay for core deposits (Core Deposit Costs), then reduced or supported by credit performance (Net Charge-Off Rate) and the level of reserves (Allowance Coverage).

Business quality (Solid): Solid operating profitability is indicated by an operating margin of 35.4%, and the company also discloses several operating drivers (credit metrics and digital adoption). However, the provided facts do not include a complete official segment revenue breakdown, and gross margin is not given.

Valuation: At 10× earnings, OFG trades 20% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Digital engagement is high across routine customer and deposit activities: Routine Retail Customer Transaction Adoption via Digital and Self-Service is 96%, and Retail Deposit Transaction Adoption via Digital and Self-Service is 98%.
  • Loan generation is a meaningful operational input: Loan Production or Loan Origination is 0.61 USD_B, which can support future earning assets.

Bear case

  • Credit performance directly impacts profitability through losses: Net Charge-Off Rate is 1.0% and related credit metrics must be monitored (including Order Net Charge-Off Rate at 0.85% and Early Delinquency Rate at 2.2%).
  • Reserve adequacy matters and can change with loan mix and credit conditions: Allowance coverage metrics range from 2.33% (excluding PPP) to 2.48% (of loans), so adverse credit outcomes could pressure results.
Valuation — source: SEC EDGAR (first-party)
Price$51.75
Market Cap$2.19B
P/E Ratio9.9
EV / EBITDA5.3
Price / Book1.55
Price / Sales2.77
FCF Yield9.3%
DCF Value (model)$103.90
DCF Upside vs Price100.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$780.94M
Net Margin26.3%
Revenue Growth (YoY)1.4%
EPS Growth (YoY)20.9%
FCF Growth (YoY)41.8%
Valuation vs Sector & Industry
Stock P/E9.9
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
vs Sector-34.5%
vs Industry-23.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($251.36M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOMaritza Arizmendi Diaz
Employees2,223
CountryUS
IPO Date1987-03-26

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OFG earnings history · OFG institutional & insider holders · OFG KPIs & operating metrics · OFG financials · OFG investor presentations & press releases · OFG SEC filings · OFG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.