OFG Bancorp (OFG)

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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	617.42	613.6	554.74	460.16	433.79	457.44
Interest Income on Investments	138.66	136.68	94.14	55.41	15.41	15.91
Total Interest Income	756.07	750.28	648.88	515.57	449.2	473.35
Interest Paid on Deposits	149.78	150.28	75.97	32.24	39.01	60.2
Interest Paid on Borrowings	12.88	11.56	12.05	1.25	2.82	4.72
Total Interest Expense	162.66	161.84	88.01	33.49	41.83	64.92
Net Interest Income	593.41	588.44	560.87	482.08	407.37	408.43
Net Interest Income Growth (YoY)	4.28%	4.92%	16.34%	18.34%	-0.26%	26.53%
Trust Income	35.97	35.62	32.99	32.64	35.04	31.79
Mortgage Banking Activities	18.72	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	67.74	69	77.75	77.33	77.12	64.06
Total Non-Interest Income	122.42	123.25	128.38	131.65	134.69	117.08
Non-Interest Income Growth (YoY)	-5.71%	-4.00%	-2.48%	-2.26%	15.04%	42.46%
Revenues Before Loan Losses	715.83	711.69	689.25	613.73	542.06	525.51
Provision for Loan Losses	92.82	82.25	60.64	24.12	0.22	92.67
Revenue	623.01	629.44	628.61	589.61	541.84	432.84
Revenue Growth (YoY)	-1.51%	0.13%	6.62%	8.82%	25.18%	40.45%
Salaries and Employee Benefits	152.66	152.54	150.83	138.75	127.2	130.76
Occupancy Expenses	48.07	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	84.33	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	377.73	375.69	363.37	345.55	325.76	329.2
EBT Excluding Unusual Items	245.28	253.75	265.25	244.06	216.08	103.64
Other Unusual Items	-	-	-	0.04	-1.48	7.27
Pretax Income	245.28	253.75	265.25	244.11	214.6	94.83
Income Tax Expense	51.23	55.58	83.38	77.87	68.45	20.5
Net Income	194.05	198.17	181.87	166.24	146.15	74.33
Preferred Dividends & Other Adjustments	-	-	-	-	1.26	6.51
Net Income to Common	194.05	198.17	181.87	166.24	144.9	67.82
Net Income Growth	4.70%	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)	-2.02%	-1.37%	-1.82%	-5.71%	-0.36%	-0.32%
EPS (Basic)	4.20	4.25	3.85	3.46	2.84	1.32
EPS (Diluted)	4.18	4.23	3.83	3.44	2.81	1.32
EPS Growth	6.67%	10.44%	11.34%	22.42%	112.88%	43.48%
Dividend Per Share	1.050	1.000	0.880	0.700	0.400	0.280
Dividend Growth	15.38%	13.64%	25.71%	75.00%	42.86%	-
Effective Tax Rate	20.89%	21.90%	31.43%	31.90%	31.90%	21.62%

Updated Apr 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q