OFG Bancorp (FRA:OFP)

OFG Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	627.07	613.6	554.74	460.16	433.79	457.44
Interest Income on Investments	146.81	136.68	94.14	55.41	15.41	15.91
Total Interest Income	773.88	750.28	648.88	515.57	449.2	473.35
Interest Paid on Deposits	151.25	150.28	75.97	32.24	39.01	60.2
Interest Paid on Borrowings	17.77	11.56	12.05	1.25	2.82	4.72
Total Interest Expense	169.02	161.84	88.01	33.49	41.83	64.92
Net Interest Income	604.86	588.44	560.87	482.08	407.37	408.43
Net Interest Income Growth (YoY)	3.78%	4.92%	16.34%	18.34%	-0.26%	26.53%
Trust Income	37.01	35.62	32.99	32.64	35.04	31.79
Mortgage Banking Activities	21.25	18.64	18.79	21.93	22.51	16.5
Gain (Loss) on Sale of Investments	-0.01	-0.01	-1.15	-0.25	0.02	4.73
Other Non-Interest Income	66.71	69	77.75	77.33	77.12	64.06
Total Non-Interest Income	124.96	123.25	128.38	131.65	134.69	117.08
Non-Interest Income Growth (YoY)	-2.68%	-4.00%	-2.48%	-2.26%	15.04%	42.46%
Revenues Before Loan Losses	729.82	711.69	689.25	613.73	542.06	525.51
Provision for Loan Losses	105.81	82.25	60.64	24.12	0.22	92.67
Revenue	624	629.44	628.61	589.61	541.84	432.84
Revenue Growth (YoY)	-2.42%	0.13%	6.62%	8.82%	25.18%	40.45%
Salaries and Employee Benefits	155.12	152.54	150.83	138.75	127.2	130.76
Occupancy Expenses	48.17	47.57	46.84	38.75	36	31.12
Federal Deposit Insurance	11.25	11.25	10.49	9.9	10.09	11.42
Selling, General & Administrative	89.3	83.26	80.08	79.58	76.17	71.23
Other Non-Interest Expense	78.05	78.05	75.53	80.65	79.3	76.91
Total Non-Interest Expense	384.52	375.69	363.37	345.55	325.76	329.2
EBT Excluding Unusual Items	239.48	253.75	265.25	244.06	216.08	103.64
Other Unusual Items	-	-	-	0.04	-1.48	7.27
Pretax Income	239.48	253.75	265.25	244.11	214.6	94.83
Income Tax Expense	39.93	55.58	83.38	77.87	68.45	20.5
Net Income	199.56	198.17	181.87	166.24	146.15	74.33
Preferred Dividends & Other Adjustments	-	-	-	-	1.26	6.51
Net Income to Common	199.56	198.17	181.87	166.24	144.9	67.82
Net Income Growth	2.64%	8.96%	9.40%	13.74%	96.63%	38.05%
Basic Shares Outstanding	45	47	47	48	51	51
Diluted Shares Outstanding	45	47	48	48	51	52
Shares Change (YoY)	-3.86%	-1.37%	-1.82%	-5.71%	-0.36%	-0.32%
EPS (Basic)	4.42	4.25	3.85	3.46	2.84	1.32
EPS (Diluted)	4.40	4.23	3.83	3.44	2.81	1.32
EPS Growth	6.55%	10.44%	11.34%	22.42%	112.88%	43.48%
Dividend Per Share	1.150	1.000	0.880	0.700	0.400	0.280
Dividend Growth	18.56%	13.64%	25.71%	75.00%	42.86%	-
Effective Tax Rate	16.67%	21.90%	31.43%	31.90%	31.90%	21.62%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.