OFG Bancorp (OFG)

OFG Bancorp Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	591.14	748.17	550.31	2,023	2,154
Investment Securities	91.6	570.2	531.58	31.98	25.74
Trading Asset Securities	0.02	0.01	0.01	0.02	0.02
Mortgage-Backed Securities	2,629	2,117	1,440	863.82	432.94
Total Investments	2,720	2,687	1,972	895.82	458.7
Gross Loans	7,792	7,534	6,835	6,403	6,662
Allowance for Loan Losses	-175.86	-161.11	-152.67	-155.94	-204.81
Net Loans	7,616	7,373	6,683	6,247	6,457
Property, Plant & Equipment	123.71	125.83	132.18	120.97	115.17
Goodwill	84.24	84.24	84.24	86.07	86.07
Other Intangible Assets	14.78	20.69	27.59	36.09	45.9
Loans Held for Sale	17.73	28.35	40.59	82.66	43.94
Accrued Interest Receivable	-	71.4	62.4	56.56	65.55
Other Receivables	173.47	47.86	61.42	88.76	78.85
Restricted Cash	-	-	0.16	0.18	1.38
Other Current Assets	72.01	88.62	83.48	96.39	94.68
Long-Term Deferred Tax Assets	6.25	4.92	55.49	99.06	162.48
Other Real Estate Owned & Foreclosed	10.6	14.81	15.83	16.98	13.41
Other Long-Term Assets	70.44	49.52	50.92	50.06	48.38
Total Assets	11,501	11,344	9,819	9,900	9,826
Accrued Expenses	98.19	115.05	124.13	95.44	153.69
Interest Bearing Deposits	3,977	6,474	5,553	5,740	5,527
Institutional Deposits	-	747.2	384.4	360.8	628.4
Non-Interest Bearing Deposits	5,627	2,537	2,630	2,502	2,259
Total Deposits	9,605	9,759	8,568	8,602	8,414
Short-Term Borrowings	75.22	-	26.61	29.28	31.97
Current Portion of Leases	-	8.3	-	-	-
Accrued Interest Payable	-	3.07	0.74	0.8	1.57
Other Current Liabilities	31.53	25.58	28.61	35.33	33.35
Long-Term Debt	-	0	0.32	-	0.71
Federal Home Loan Bank Debt, Long-Term	325.95	200.77	0.1	0.01	35.3
Long-Term Leases	21.39	15.73	27.37	30.5	32.57
Trust Preferred Securities	-	-	-	36.08	36.08
Long-Term Deferred Tax Liabilities	40.72	22.44	-	-	-
Other Long-Term Liabilities	48.59	0.94	0.87	0.8	0.73
Total Liabilities	10,246	10,151	8,776	8,831	8,740
Preferred Stock, Redeemable	-	-	-	-	92
Total Preferred Equity	-	-	-	-	92
Common Stock	59.89	59.89	59.89	59.89	59.89
Additional Paid-In Capital	639.79	638.67	636.79	637.06	622.65
Retained Earnings	941.53	790.29	650.27	517.63	403.37
Treasury Stock	-296.99	-228.35	-211.14	-150.57	-102.95
Comprehensive Income & Other	-89.84	-67.01	-93.41	5.16	11.02
Total Common Equity	1,254	1,193	1,042	1,069	993.98
Shareholders' Equity	1,254	1,193	1,042	1,069	1,086
Total Liabilities & Equity	11,501	11,344	9,819	9,900	9,826
Total Debt	422.56	224.8	54.4	95.87	136.63
Net Cash (Debt)	168.59	523.39	495.91	1,928	2,018
Net Cash Growth	-67.79%	5.54%	-74.27%	-4.46%	299.50%
Net Cash Per Share	3.59	11.01	10.24	37.52	39.13
Filing Date Shares Outstanding	45.44	47.08	47.6	48.95	51.39
Total Common Shares Outstanding	45.44	47.07	47.58	49.64	51.39
Book Value Per Share	27.60	25.36	21.91	21.54	19.34
Tangible Book Value	1,155	1,089	930.57	947	862.01
Tangible Book Value Per Share	25.43	23.13	19.56	19.08	16.77

Source: S&P Capital IQ. Banks template. Financial Sources.