OFG Bancorp (OFG)
Puerto Rico banking franchise spanning lending, deposits, wealth management, insurance, and trust services.
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Provides commercial, consumer, auto, and mortgage lending, deposits, brokerage, investment advisory, insurance, and trust services through Oriental-branded subsidiaries. Customer deposits fund a banking business concentrated in Puerto Rico and the U.S. Virgin Islands, with reporting across Banking, Wealth Management, and Treasury.
Operates Oriental Bank, a full-service commercial bank serving Puerto Rico and the U.S. Virgin Islands, while offering certain loans in the continental United States through OFG USA. Banking spans commercial, consumer, auto, and mortgage lending, deposits, and corporate trust services.
Extends the franchise through Oriental Financial Services, a broker-dealer and investment adviser, and Oriental Insurance. Reporting follows three segments: Banking, Wealth Management, and Treasury. Branches and a digital sales platform distribute accounts and credit, while customer deposits provide the principal funding source.
Combines local branch coverage with digital banking and a broad mix of credit products. Operations remain concentrated in Puerto Rico and the U.S. Virgin Islands and are subject to federal, Puerto Rico, and U.S. Virgin Islands banking regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 10, 2026 | Wells Fargo | Reiterate | Rating: —Target: $49 | Target: $55 |
| Jul 22, 2026 | Truist Financial | Target | Target: $55 | Target: $58 |
| Jul 22, 2026 | Piper Sandler | Reiterate | Rating: —Target: $45 | Target: $56 |
| Jul 14, 2026 | Benchmark | Initiate | Rating: — | |
| Jul 13, 2026 | Truist Financial | Target | Target: $44 | Target: $55 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.44B · Total debt $578.0M · Total assets $12.15B · Shareholders' equity $1.41B
- Revenue
- $230.6M
- Operating income
- $74.5M
- Net income
- $58.8M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 100.89% | 42.64M shares | |
|---|---|---|---|
| 265 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.89% | 376.2K shares | |
| 15 holders · as of Sep 17, 2026 | |||
| Adds to | 101.78% | ||
42.27M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 101.78%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.58% | 6.16M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.38% | 3.12M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.07% | 2.57M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.89% | 2.49M | as of Jun 30, 2026 |
First Trust Portfolios L.P.Institution | 5.89% | 2.49M | filed Apr 27, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Maritza Arizmendi | officer: Chief Financial Officer | −10,000 | $53.35 |
| Aug 12, 2026 | Nestor de Jesus | director | −4,000 | $53.00 |
| Jul 24, 2026 | Jose Rafael Fernandez | director, officer: CEO; Chairman BOD | −52,352 | $52.45 |
| Feb 20, 2026 | Annette Franqui | director | +1,540 | $42.07 |
| Dec 22, 2025 | Nestor de Jesus | director | −2,000 | $42.31 |
- Popular
Dominant Puerto Rico bank across retail, commercial, mortgage, auto, and wealth.
- First BanCorp
Puerto Rico's #2 bank — full-service rival on commercial, mortgage, auto, and consumer.
- UBS (ADR)
Global wealth-management rival contesting Oriental Financial Services on the island.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OFG Bancorp | $52.14 | −0.19% | $2.21B | 10.5 | 10.6 | 2.4 | +13.3% |
| Popular | $160.68 | −1.17% | $10.38B | 11.0 | 9.9 | 2.3 | +14.7% |
| First BanCorp | $27.10 | −1.31% | $4.19B | 11.6 | 11.1 | 3.3 | +755.8% |
| UBS (ADR) | $49.19 | −3.67% | $167.36B | 18.0 | 12.3 | 2.2 | +15.6% |
| Median | 11.6 | 11.1 | 2.3 | +15.6% |