OFG Bancorp (OFG)

OFG Bancorp Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	680.59	748.17	550.31	2,023	2,154	851.31
Investment Securities	82.4	570.2	531.58	31.98	25.74	400.84
Trading Asset Securities	0.02	0.01	0.01	0.02	0.02	0.04
Mortgage-Backed Securities	2,526	2,117	1,440	863.82	432.94	673.89
Total Investments	2,609	2,687	1,972	895.82	458.7	1,075
Gross Loans	7,751	7,534	6,835	6,403	6,662	6,739
Allowance for Loan Losses	-161.5	-161.11	-152.67	-155.94	-204.81	-116.54
Net Loans	7,589	7,373	6,683	6,247	6,457	6,622
Property, Plant & Equipment	125.63	125.83	132.18	120.97	115.17	120.22
Goodwill	84.24	84.24	84.24	86.07	86.07	86.07
Other Intangible Assets	16.26	20.69	27.59	36.09	45.9	56.97
Loans Held for Sale	15.62	28.35	40.59	82.66	43.94	19.59
Accrued Interest Receivable	70.37	71.4	62.4	56.56	65.55	37.12
Other Receivables	62.05	47.86	61.42	88.76	78.85	78.88
Restricted Cash	-	-	0.16	0.18	1.38	1.45
Other Current Assets	124.99	88.62	83.48	96.39	94.68	74.16
Long-Term Deferred Tax Assets	4.13	4.92	55.49	99.06	162.48	176.74
Other Real Estate Owned & Foreclosed	11.39	14.81	15.83	16.98	13.41	33.24
Other Long-Term Assets	68.51	49.52	50.92	50.06	48.38	51.86
Total Assets	11,461	11,344	9,819	9,900	9,826	9,298
Accrued Expenses	156.62	115.05	124.13	95.44	153.69	182.99
Interest Bearing Deposits	6,134	6,474	5,553	5,740	5,527	5,319
Institutional Deposits	937.7	747.2	384.4	360.8	628.4	692.1
Non-Interest Bearing Deposits	2,534	2,537	2,630	2,502	2,259	1,675
Total Deposits	9,607	9,759	8,568	8,602	8,414	7,687
Short-Term Borrowings	-	-	26.61	29.28	31.97	181.39
Current Portion of Long-Term Debt	-	-	-	-	-	50.27
Current Portion of Leases	2.15	8.3	-	-	-	-
Accrued Interest Payable	2.15	3.07	0.74	0.8	1.57	11.77
Other Current Liabilities	26.06	25.58	28.61	35.33	33.35	21.6
Long-Term Debt	-	0	0.32	-	0.71	1.2
Federal Home Loan Bank Debt, Long-Term	270.83	200.77	0.1	0.01	35.3	37.54
Long-Term Leases	20.45	15.73	27.37	30.5	32.57	39.84
Trust Preferred Securities	-	-	-	36.08	36.08	36.08
Long-Term Deferred Tax Liabilities	57.5	22.44	-	-	-	-
Other Long-Term Liabilities	0.99	0.94	0.87	0.8	0.73	2.67
Total Liabilities	10,143	10,151	8,776	8,831	8,740	8,252
Preferred Stock, Redeemable	-	-	-	-	92	92
Total Preferred Equity	-	-	-	-	92	92
Common Stock	59.89	59.89	59.89	59.89	59.89	59.89
Additional Paid-In Capital	639.49	638.67	636.79	637.06	622.65	621.52
Retained Earnings	902.81	790.29	650.27	517.63	403.37	375.43
Treasury Stock	-251.06	-228.35	-211.14	-150.57	-102.95	-102.34
Comprehensive Income & Other	-32.99	-67.01	-93.41	5.16	11.02	-1.01
Total Common Equity	1,318	1,193	1,042	1,069	993.98	953.48
Shareholders' Equity	1,318	1,193	1,042	1,069	1,086	1,045
Total Liabilities & Equity	11,461	11,344	9,819	9,900	9,826	9,298
Total Debt	293.43	224.8	54.4	95.87	136.63	346.31
Net Cash (Debt)	387.17	523.39	495.91	1,928	2,018	505.03
Net Cash Growth	556.57%	5.54%	-74.27%	-4.46%	299.50%	-
Net Cash Per Share	8.21	11.01	10.24	37.52	39.13	9.76
Filing Date Shares Outstanding	45.9	47.08	47.6	48.95	51.39	51.4
Total Common Shares Outstanding	46.56	47.07	47.58	49.64	51.39	51.4
Book Value Per Share	28.31	25.36	21.91	21.54	19.34	18.55
Tangible Book Value	1,218	1,089	930.57	947	862.01	810.44
Tangible Book Value Per Share	26.15	23.13	19.56	19.08	16.77	15.77

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