OFG Bancorp Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	629.94	613.6	554.74	460.16	433.79
Interest Income on Investments	151	136.68	94.14	55.41	15.41
Total Interest Income	780.94	750.28	648.88	515.57	449.2
Interest Paid on Deposits	152.75	150.28	75.97	32.24	39.01
Interest Paid on Borrowings	19.72	11.56	12.05	1.25	2.82
Total Interest Expense	172.47	161.84	88.01	33.49	41.83
Net Interest Income	608.47	588.44	560.87	482.08	407.37
Net Interest Income Growth (YoY)	3.40%	4.92%	16.34%	18.34%	-0.26%
Trust Income	37.77	35.62	32.99	32.64	35.04
Mortgage Banking Activities	19.13	18.64	18.79	21.93	22.51
Gain (Loss) on Sale of Investments	-	-0.01	-1.15	-0.25	0.02
Other Non-Interest Income	66.08	69	77.75	77.33	77.12
Total Non-Interest Income	122.98	123.25	128.38	131.65	134.69
Non-Interest Income Growth (YoY)	-0.22%	-4.00%	-2.48%	-2.26%	15.04%
Revenues Before Loan Losses	731.44	711.69	689.25	613.73	542.06
Provision for Loan Losses	107.51	82.25	60.64	24.12	0.22
Revenue	623.93	629.44	628.61	589.61	541.84
Revenue Growth (YoY)	-0.88%	0.13%	6.62%	8.82%	25.18%
Salaries and Employee Benefits	162.43	152.54	150.83	138.75	127.2
Occupancy Expenses	59.78	47.57	46.84	38.75	36
Federal Deposit Insurance	-	11.25	10.49	9.9	10.09
Selling, General & Administrative	166.58	83.26	80.08	79.58	76.17
Other Non-Interest Expense	-	78.05	75.53	80.65	79.3
Total Non-Interest Expense	389.81	375.69	363.37	345.55	325.76
EBT Excluding Unusual Items	234.12	253.75	265.25	244.06	216.08
Other Unusual Items	-	-	-	0.04	-1.48
Pretax Income	234.12	253.75	265.25	244.11	214.6
Income Tax Expense	29.01	55.58	83.38	77.87	68.45
Net Income	205.1	198.17	181.87	166.24	146.15
Preferred Dividends & Other Adjustments	-	-	-	-	1.26
Net Income to Common	205.1	198.17	181.87	166.24	144.9
Net Income Growth	3.50%	8.96%	9.40%	13.74%	96.63%
Basic Shares Outstanding	45	47	47	48	51
Diluted Shares Outstanding	45	47	48	48	51
Shares Change (YoY)	-4.57%	-1.37%	-1.82%	-5.71%	-0.36%
EPS (Basic)	4.60	4.25	3.85	3.46	2.84
EPS (Diluted)	4.58	4.23	3.83	3.44	2.81
EPS Growth	8.27%	10.44%	11.34%	22.42%	112.88%
Dividend Per Share	1.200	1.000	0.880	0.700	0.400
Dividend Growth	20.00%	13.64%	25.71%	75.00%	42.86%
Effective Tax Rate	12.39%	21.90%	31.43%	31.90%	31.90%

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