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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	620.15	613.6	554.74	460.16	433.79	457.44
Interest Income on Investments	142.62	136.68	94.14	55.41	15.41	15.91
Total Interest Income	762.76	750.28	648.88	515.57	449.2	473.35
Interest Paid on Deposits	149.85	150.28	75.97	32.24	39.01	60.2
Interest Paid on Borrowings	14.9	11.56	12.05	1.25	2.82	4.72
Total Interest Expense	164.75	161.84	88.01	33.49	41.83	64.92
Net Interest Income	598.01	588.44	560.87	482.08	407.37	408.43
Net Interest Income Growth (YoY)	3.69%	4.92%	16.34%	18.34%	-0.26%	26.53%
Trust Income	36.45	35.62	32.99	32.64	35.04	31.79
Mortgage Banking Activities	19.2	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	64.73	69	77.75	77.33	77.12	64.06
Total Non-Interest Income	120.37	123.25	128.38	131.65	134.69	117.08
Non-Interest Income Growth (YoY)	-8.97%	-4.00%	-2.48%	-2.26%	15.04%	42.46%
Revenues Before Loan Losses	718.39	711.69	689.25	613.73	542.06	525.51
Provision for Loan Losses	98.92	82.25	60.64	24.12	0.22	92.67
Revenue	619.47	629.44	628.61	589.61	541.84	432.84
Revenue Growth (YoY)	-3.53%	0.13%	6.62%	8.82%	25.18%	40.45%
Salaries and Employee Benefits	153.75	152.54	150.83	138.75	127.2	130.76
Occupancy Expenses	48.3	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	83.8	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	379.57	375.69	363.37	345.55	325.76	329.2
EBT Excluding Unusual Items	239.9	253.75	265.25	244.06	216.08	103.64
Other Unusual Items	-	-	-	0.04	-1.48	7.27
Pretax Income	239.9	253.75	265.25	244.11	214.6	94.83
Income Tax Expense	45.18	55.58	83.38	77.87	68.45	20.5
Net Income	194.72	198.17	181.87	166.24	146.15	74.33
Preferred Dividends & Other Adjustments	-	-	-	-	1.26	6.51
Net Income to Common	194.72	198.17	181.87	166.24	144.9	67.82
Net Income Growth	1.26%	8.96%	9.40%	13.74%	96.63%	38.05%
Basic Shares Outstanding	46	47	47	48	51	51
Diluted Shares Outstanding	46	47	48	48	51	52
Shares Change (YoY)	-2.97%	-1.37%	-1.82%	-5.71%	-0.36%	-0.32%
EPS (Basic)	4.26	4.25	3.85	3.46	2.84	1.32
EPS (Diluted)	4.25	4.23	3.83	3.44	2.81	1.32
EPS Growth	4.40%	10.44%	11.34%	22.42%	112.88%	43.48%
Dividend Per Share	1.100	1.000	0.880	0.700	0.400	0.280
Dividend Growth	17.02%	13.64%	25.71%	75.00%	42.86%	-
Effective Tax Rate	18.83%	21.90%	31.43%	31.90%	31.90%	21.62%

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