OFG Bancorp Reports 3Q26 Results
OFG Bancorp reported its results for the third quarter ended September 30, 2026. The company reported EPS diluted of $1.33 compared to $1.39 in 2Q26 and $1.16 in 3Q25. Total core revenues of $185.7 million compared to $190.3 million in 2Q26 and $184.0 million in 3Q25. Net income available to common shareholders was $ 56,611 thousand, compared to $ 58,777 thousand in 2Q26 and $ 51,838 thousand in 3Q25.
OFG Bancorp reported performance metrics including a net interest margin of 5.23%, return on average assets of 1.86%, return on average tangible common stockholders’ equity of 17.06%, and efficiency ratio of 51.83%. Total Provision for Credit Losses of $18.1 million compared to $13.0 million in 2Q26 and $28.3 million in 3Q25. The 3Q26 provision primarily reflected $17.5 million for increased loan volume and $1.3 million due to seasonal adjustment for auto delinquency.
OFG Bancorp reported Loans Held for Investment (EOP) of $8.45 billion compared to $8.30 billion in 2Q26 and $8.12 billion in 3Q25. Customer Deposits (EOP) of $9.66 billion compared to $9.74 billion in 2Q26 and $9.82 billion in 3Q25. New Loan Production of $693.8 million compared to $755.0 million in 2Q26 and $623.9 million in 3Q25. Cash & Cash Equivalents (EOP) of $566.8 million compared to $745.7 million in 2Q26 and $740.3 million in 3Q25. The company also repurchased $13.5 million of common shares during the quarter.
View the company filing on SEC.gov
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