← OFG BANCORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $366.2m |
$382.9m
+4.54%
|
$396.0m
+3.43%
|
$405.3m
+2.35%
|
$532.8m
+31.46%
|
$540.6m
+1.46%
|
$613.8m
+13.54%
|
$689.3m
+12.30%
|
$711.7m
+3.26%
|
$731.4m
+2.78%
|
$696.0m
-4.84%
|
|
| Total interest income | $356.6m |
$345.6m
-3.07%
|
$360.4m
+4.27%
|
$373.8m
+3.71%
|
$473.3m
+26.63%
|
$449.2m
-5.10%
|
$515.6m
+14.78%
|
$648.9m
+25.86%
|
$750.3m
+15.63%
|
$780.9m
+4.09%
|
— | |
| Gain (Loss) on Sales of Mortgage Backed Securities (MBS) | — | — | — | $8.3m | $4.7m | — | — | — | — | — | — | |
| Banking service revenue | $41.6m | $39.5m | $43.6m | $42.9m | $62.6m | $71.7m | $71.2m | $70.1m | $66.9m | $64.4m | — | |
| Wealth management revenue | $27.4m | $25.8m | $25.9m | $26.2m | $31.8m | $35.0m | $32.6m | $33.0m | $35.6m | $37.8m | — | |
| Total banking and financial service revenues | $74.1m | $69.3m | $74.3m | $73.4m | $110.9m | $129.3m | $125.7m | $121.9m | $121.2m | $121.3m | — | |
| Other non-interest income | $6.2m | $1.0m | $5.8m | $546k | $1.5m | $5.4m | $6.2m | $7.7m | $2.1m | $1.6m | — | |
| Total non-interest income | $66.8m | $78.7m | $80.1m | $82.5m | $124.4m | $133.2m | $131.7m | $128.4m | $123.2m | $123.0m | — | |
| Net interest income | $299.4m |
$304.2m
+1.58%
|
$315.9m
+3.85%
|
$322.8m
+2.18%
|
$408.4m
+26.53%
|
$407.4m
-0.26%
|
$482.1m
+18.34%
|
$560.9m
+16.34%
|
$588.4m
+4.92%
|
$608.5m
+3.40%
|
$618.6m
+1.66%
|
|
| Interest Income (Expense), Net | $299.4m |
$304.2m
+1.58%
|
$315.9m
+3.85%
|
$322.8m
+2.18%
|
$408.4m
+26.53%
|
$407.4m
-0.26%
|
$482.1m
+18.34%
|
$560.9m
+16.34%
|
$588.4m
+4.92%
|
$608.5m
+3.40%
|
$788.6m
+29.61%
|
|
| Labor and Related Expense | $76.9m | $79.8m | $76.5m | $82.5m | $132.9m | $133.4m | $142.9m | $155.8m | $159.7m | $162.4m | — | |
| Amortization of Intangible Assets | $1.7m | $1.5m | $1.3m | $1.2m | $11.1m | $9.8m | $8.5m | $6.9m | $5.9m | $4.9m | — | |
| Noninterest expense: | ||||||||||||
| Total non-interest expense | $216.0m | $201.6m | $207.1m | $233.2m | $345.3m | $325.8m | $345.5m | $363.4m | $375.7m | $389.8m | — | |
| Interest expense: | ||||||||||||
| Total interest expense | $57.2m | $41.5m | $44.5m | $51.0m | $64.9m | $41.8m | $33.5m | $88.0m | $161.8m | $172.5m | — | |
| Net interest income after provision for credit losses | $234.4m |
$191.0m
-18.48%
|
$259.8m
+35.99%
|
$226.0m
-13.00%
|
$315.8m
+39.72%
|
$407.1m
+28.94%
|
$458.0m
+12.48%
|
$500.2m
+9.23%
|
$506.2m
+1.19%
|
$501.0m
-1.03%
|
$618.6m
+23.48%
|
|
| Debt Securities, Realized Gain (Loss) | — | — | — | $8.3m | $4.7m | $19k | ($247k) | ($1.1m) | ($7k) | $0 | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | $218.1m | $252.1m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $85.2m | $68.1m | $132.8m | $75.2m | $94.8m | $214.6m | $244.1m | $265.2m | $253.7m | $234.1m | $252.1m | |
| Taxes, other than payroll and income taxes | $9.8m | $9.2m | $9.0m | $8.7m | $13.8m | $13.8m | $13.0m | $13.0m | $13.9m | $15.8m | — | |
| Current Income Tax Expense (Benefit) | $2.8m | $19.1m | $33.6m | $25.5m | ($7.3m) | $4.8m | $16.7m | $16.0m | $34.0m | $182.7m | $31.6m | |
| Income Tax Expense (Benefit) | $26.0m | $15.4m | $48.4m | $21.4m | $20.5m | $68.5m | $77.9m | $83.4m | $55.6m | $29.0m | $31.6m | |
| Net Income (Loss) Attributable to Parent | $59.2m |
$52.6m
-11.05%
|
$84.4m
+60.34%
|
$53.8m
-36.21%
|
$74.3m
+38.05%
|
$146.2m
+96.63%
|
$166.2m
+13.74%
|
$181.9m
+9.40%
|
$198.2m
+8.96%
|
$205.1m
+3.50%
|
$220.4m
+7.48%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $45.3m |
$38.8m
-14.43%
|
$72.4m
+86.64%
|
$47.3m
-34.62%
|
$67.8m
+43.28%
|
$144.9m
+113.66%
|
$166.2m
+14.73%
|
$181.9m
+9.40%
|
$198.2m
+8.96%
|
$205.1m
+3.50%
|
$220.4m
+7.48%
|
|
| Earnings Per Share, Basic | $1.03 | $0.88 | $1.59 | $0.92 | $1.32 | $2.85 | $3.46 | $3.85 | $4.25 | $4.60 | $5.09 | |
| Earnings Per Share, Diluted | $1.03 | $0.88 | $1.52 | $0.92 | $1.32 | $2.81 | $3.44 | $3.83 | $4.23 | $4.58 | $5.07 | |
| Common Stock, Dividends, Per Share, Declared | $0.24 | $0.24 | $0.25 | $0.28 | $0.28 | $0.40 | $0.70 | $0.88 | $1.00 | $1.20 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 43.9m | 43.9m | 45.4m | 51.3m | 51.4m | 51.0m | 48.0m | 47.3m | 46.6m | 44.6m | 43.2m | |
| Average common shares outstanding and equivalents (in shares) | 51.1m | 51.1m | 51.3m | 51.7m | 51.6m | 51.4m | 48.4m | 47.6m | 46.9m | 44.8m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 51.1m | 51.1m | 51.3m | 51.7m | 51.6m | 51.4m | 48.4m | 47.6m | 46.9m | 44.8m | 43.5m | |
| Additional Financial Items | ||||||||||||
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | — | — | $282k | — | |
| Costs and Expenses | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | — | $279k | — | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Loans | $321.9m | $312.4m | $321.4m | $339.9m | $457.4m | $433.8m | $460.2m | $554.7m | $613.6m | $629.9m | — | |
| Mortgage-backed securities | $30.5m | $27.0m | $31.2m | $19.9m | $7.6m | $11.6m | $31.3m | $50.4m | $91.8m | $116.0m | — | |
| Investment securities and other | $4.1m | $6.2m | $7.8m | $14.1m | $8.4m | $3.8m | $24.1m | $43.8m | $44.9m | $35.0m | — | |
| Deposits | $29.3m | $30.3m | $33.0m | $39.4m | $60.2m | $39.0m | $32.2m | $76.0m | $150.3m | $152.7m | — | |
| Securities sold under agreements to repurchase | $18.8m | $7.2m | $7.8m | $7.4m | $1.3m | $0 | $0 | $3.3m | $542k | $2.8m | — | |
| Advances from FHLB and other borrowings | $6.2m | $2.4m | $1.9m | $2.2m | $2.0m | $1.6m | $733k | $8.7m | $11.0m | $17.0m | — | |
| Provision for credit losses | — | — | $56.1m | $96.8m | $92.7m | $221k | $24.1m | $60.6m | $82.3m | $107.5m | — | |
| Mortgage banking activities | $5.0m | $4.0m | $4.8m | $4.3m | $16.5m | $22.5m | $21.9m | $18.8m | $18.6m | $19.1m | — | |
| Compensation and employee benefits | $76.9m | $79.8m | $76.5m | $82.5m | $132.9m | $133.4m | $142.9m | $155.8m | $159.7m | $162.4m | — | |
| Occupancy, equipment and infrastructure costs | $31.0m | $32.6m | $33.1m | $30.1m | $47.3m | $50.2m | $51.3m | $59.2m | $59.1m | $59.8m | — | |
| Electronic banking charges | $20.7m | $19.3m | $21.2m | $21.2m | $34.7m | $37.2m | $39.6m | $41.3m | $42.8m | $47.1m | — | |
| Information technology expenses | $7.1m | $8.0m | $8.2m | $9.9m | $20.8m | $19.0m | $21.9m | $27.2m | $27.6m | $26.8m | — | |
| Professional and service fees | $14.9m | $12.4m | $12.4m | $14.6m | $17.1m | $20.1m | $24.8m | $18.8m | $18.9m | $23.7m | — | |
| Insurance | $9.1m | $5.2m | $6.2m | $3.3m | $11.4m | $10.1m | $9.9m | $10.5m | $11.3m | $11.4m | $11.3m | |
| Advertising, business promotion, and strategic initiatives | $5.5m | $5.6m | $5.1m | $5.2m | $5.9m | $7.0m | $8.2m | $8.7m | $9.7m | $11.4m | — | |
| Loan servicing and clearing expenses | $8.1m | $4.7m | $4.8m | $4.9m | $6.8m | $7.6m | $9.2m | $7.8m | $7.9m | $9.1m | — | |
| Communication | $2.7m | $3.4m | $3.4m | $3.3m | $4.1m | $4.6m | $4.3m | $4.7m | $4.6m | $4.6m | — | |
| Printing, postage, stationery and supplies | $2.6m | $2.4m | $2.2m | $2.5m | $3.8m | $4.0m | $3.6m | $3.3m | $3.8m | $4.1m | — | |
| Director and investor relations | — | $1.1m | $1.1m | $1.2m | $1.2m | $1.1m | $1.1m | $1.4m | $1.2m | $1.4m | — | |
| Foreclosed real estate and other repossessed assets expenses (income), net | — | — | — | — | $7.8m | ($3.0m) | ($2.1m) | ($405k) | $3.0m | $1.0m | — | |
| Other | $10.8m | $5.3m | $10.1m | $10.3m | $15.8m | $15.0m | $16.2m | $12.1m | $13.4m | $11.2m | — |