NYSE$OFG

Ofg Bancorp · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

OFG Bancorp reported Q2 2026 earnings with diluted EPS of $1.39 and core revenues of $190.3 million.

OFG Bancorp reported net income of $58.8 million for the second quarter ended June 30, 2026. Diluted EPS rose 20.9% year-over-year to $1.39, supported by 4.5% growth in core revenues to $190.3 million. Credit quality improved with nonperforming loans declining to 0.81% of average loans.

  • Diluted EPS of $1.39, up 20.9% from $1.15 in Q2 2025.
  • Core revenues reached $190.3 million, a 4.5% increase year-over-year.
  • Net interest margin expanded to 5.45% from 5.31% in the prior-year quarter.
  • Nonperforming loan rate improved to 0.81% from 1.19% year-over-year.

Headline financials

Total Revenue

$190M

Previous: $182M+4.3%
EPS (adj)

$1.39

Previous: $1.12+24.1%
Return on average assets

1.9%

No prior period
ROATCE

17.9%

No prior period
Efficiency ratio

54.0%

No prior period
Total interest income

$197M

No prior period
Total interest expense

$39.9M

No prior period
Banking & financial service revenues

$33M

No prior period
Pre-provision net revenues

$87.5M

No prior period
Provision for credit losses

$13M

No prior period
Net charge-offs

$28.8M

No prior period
Nonperforming loan rate

0.8%

No prior period
Non-interest expense

$103M

No prior period
Income tax expense

$15.7M

No prior period
Loans held for investment (EOP)

$8.3B

No prior period
New loan production

$755M

No prior period
Total investments (EOP)

$2.7B

No prior period
Borrowings & brokered deposits (EOP)

$795M

No prior period
TCE ratio

10.9%

No prior period
TBV per share

$31.12

No prior period
CET1 ratio

14.1%

No prior period
Net interest margin

5.5%

No prior period
Customer deposits (EOP)

$9.74B

No prior period
Net Income

$58.8M

Previous: $51.8M+13.5%
Operating Income

$74.5M

No prior period
Cash & Equivalents

$746M

No prior period
Total Assets

$12.2B

No prior period

Revenue & EPS history

OFG Bancorp · Revenue · Quarterly

$190M

Q2 2026+4.3%vs Q2 2025
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Forward guidance

Management highlighted continued momentum from core deposit strength, loan growth, and stable credit trends, with the Puerto Rico economy providing a tailwind for long-term growth.

Tailwinds

  • Year-over-year EPS growth of 20.9%
  • Core revenue growth of 4.5%
  • Improved credit metrics with lower NPLs

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+1.2%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+3.9%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+16.3%

Q4 2017

Best reaction

-9.5%

Q1 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+3.0%+7.0%+5.7%
Q4 2025-8.2%-11.0%+0.2%
Q3 2025-6.5%-7.4%-5.7%
Q2 2025-0.1%-1.1%+0.7%
Q1 2025+1.2%+7.2%+14.3%
Q4 2024-1.4%-3.8%-6.9%
Q3 2024-7.3%-11.5%-2.4%
Q2 2024+1.4%+8.8%+0.4%
Q1 2024+4.3%+8.6%+13.3%
Q4 2023+5.2%+6.1%+0.1%
Q3 2023-3.2%-3.8%+13.1%
Q2 2023+8.6%+7.5%+0.7%
Q1 2023+2.9%+0.1%-2.8%
Q4 2022+1.9%+3.8%+9.5%
Q3 2022+0.1%+1.7%+2.2%
Q2 2022-1.9%-1.4%+8.6%
Q1 2022-4.6%-5.1%-2.0%
Q4 2021-8.1%-7.8%-8.0%
Q3 2021+3.0%+7.4%+4.7%
Q2 2021+5.7%+7.7%+14.3%
Q1 2021+1.6%+6.1%+11.3%
Q4 2020-9.0%-10.2%+3.7%
Q3 2020-3.9%-9.7%+7.2%
Q2 2020-5.2%-4.7%-11.7%
Q1 2020-2.4%-9.8%-5.7%
Q4 2019-0.1%-1.4%-17.9%
Q3 2019-9.3%-11.7%-14.6%
Q2 2019-4.7%-0.4%-10.9%
Q1 2019-2.5%+1.0%-0.4%
Q4 2018+2.5%+3.1%+16.4%
Q3 2018+14.7%+9.8%+20.5%
Q2 2018+11.3%+11.0%+20.5%
Q1 2018+7.6%+14.0%+20.8%
Q4 2017+16.3%+18.4%+11.7%
Q3 2017+12.9%+4.3%+14.7%
Q2 2017+5.6%+2.5%-9.6%
Q1 2017+4.5%+9.5%-12.7%
Q4 2016+1.9%+3.5%+2.3%
Q3 2016+8.4%+6.4%+36.8%
Q2 2016+8.1%+12.7%+15.1%
Q1 2016+10.6%
Q4 2015-9.4%
Q3 2015+10.2%
Q2 2015-6.3%
Q1 2015-9.5%
Q4 2014+11.5%
Q3 2014-2.3%
Q2 2014+1.6%
Q1 2014+1.4%
Q4 2013+3.0%
Q3 2013-4.5%
Q2 2013-0.5%
Q1 2013+4.2%
Q4 2010-0.9%
Q4 2012-0.3%
Q3 2012+11.0%
Q4 2011+1.2%
Q2 2012-1.2%
Q1 2011-0.3%
Q1 2012+1.7%
Q4 2009+1.7%
Q3 2011+4.3%
Q3 2010+4.3%
Q2 2010-6.3%
Q2 2011-6.3%
Q1 2010+8.3%

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