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OFG Bancorp OFG · USD

Financials · US listing · 🇺🇸 United States

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51.17

+0.69%

Close of 9 Nov 2026, in USD

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About OFG Bancorp

From its filings with the US Securities and Exchange Commission

SEC filings

OFG Bancorp is based in San Juan, Puerto Rico and is incorporated in Puerto Rico. Its shares trade on NYSE under the ticker OFG. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2023, it reported revenue of $0.

In its own words

OFG is a financial holding company headquartered in San Juan, Puerto Rico. OFG is subject to the provisions of the U.S. Bank Holding Company Act of 1956, as amended, (the “BHC Act”) and accordingly, subject to the supervision and regulation of the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”). OFG’s principal subsidiary is Oriental Bank (the “Bank”), a Federal Deposit Insurance Corporation (“FDIC”) insured Puerto Rico commercial bank founded as a federal savings and loan in 1964.

OFG provides comprehensive banking and financial services and solutions to its clients through the Bank and various other subsidiaries, including commercial, consumer, auto, and mortgage lending, financial planning, insurance sales, investment advisory and security brokerage services, as well as corporate trust services. OFG operates through three major business segments: Banking, Wealth Management, and Treasury. OFG provides most of its products and services to clients in Puerto Rico and U.S. Virgin Islands (the “USVI”) and certain loan products in the continental United States.

Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Financials
Industry
Banks
Listed since
26 Mar 1987
Employees
2,185
Head office
254 MU?OZ RIVERA AVENUE, SAN JUAN, PR, 00918
Incorporated in
PR
Classification
State Commercial Banks
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. Jose FernandezChairman of the Board, President, Chief Executive Officer, since 2024$6.3m
  • Ms. Maritza ArizmendiChief Financial Officer$1.2m
  • Mr. Cesar OrtizChief Risk Officer$708,912
  • Mr. Hugh GonzalezGeneral Counsel, Secretary
  • Ms. Ada GarciaManaging Director - Customer Intelligence and Operations$710,054
  • Mr. Patrick HaggartyManaging Director - Commercial Banking$513,372
  • Ms. Mari RodriguezChief Retail Banking Officer, since 2023$756,629
  • Mr. Nestor De JesusLead Independent Director$152,376
  • Mr. Jorge Colon-GerenaIndependent Director$117,042
  • Ms. Annette FranquiIndependent Director$109,709
  • Mr. Roberto GarciaIndependent Director$16,900
  • Ms. Lynda GrindstaffIndependent Director$23,472

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
33
Environment
2
Social
65
Governance
34
Women in the workforce
68%
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • OFG Bancorp has a strong market presence and reputation, which allows it to attract a large customer base and establish itself as a key player in the industry.
  • The company has a diverse range of financial products and services, including commercial banking, mortgage banking, and wealth management, which provides multiple revenue streams and opportunities for growth.

Weaknesses

  • One of the main weaknesses of OFG Bancorp is its heavy reliance on a specific geographical market. This makes the company vulnerable to economic downturns or adverse events that may affect the local economy.
  • The company has also faced some challenges in terms of regulatory compliance and risk management, which can potentially hinder its operations and profitability.

Opportunities

  • OFG Bancorp can capitalize on the growing demand for digital banking services by investing in technology and enhancing its online and mobile banking platforms. This can help attract tech-savvy customers and improve overall customer experience.
  • The company can also explore strategic partnerships or acquisitions to expand its market reach and diversify its product offerings. This can open up new revenue streams and enable OFG Bancorp to enter untapped markets or industries.

Threats

  • One of the major threats facing OFG Bancorp is intense competition in the banking industry. Larger financial institutions with greater resources and established customer bases can potentially overshadow OFG Bancorp and attract its customers.
  • Economic volatility and regulatory changes also pose threats to the company's profitability. Fluctuations in interest rates, credit risk, and changes in regulations can impact OFG Bancorp's lending activities and overall financial performance.

Sources and methodology

Data on this tab
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