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OFG Bancorp (OFG) investor relations material

OFG Bancorp Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary17 Jul, 2025

Executive summary

  • Achieved record assets of $12.2B, core deposits of $9.9B, and loans held for investment of $8.2B as of June 30, 2025, reflecting strong operating performance and growth in all major business lines.

  • Diluted EPS rose 6.5% year-over-year to $1.15 for Q2 2025, with net income of $51.8M, driven by higher loan production and steady deposit flows.

  • Digital transformation advanced, with nearly all routine transactions and 70% of loan payments via digital channels, and new products launched including Oriental Marketplace and a U.S. Government money market fund.

  • Board approved a new $100M stock repurchase program and increased quarterly dividend to $0.30 per share; 186,024 shares repurchased in the quarter.

  • Continued investment in digital strategy to enhance customer experience and operational efficiency.

Financial highlights

  • Core revenues were $182.2M; net interest income $151.9M; net interest margin 5.31%; non-interest expense $94.8M; efficiency ratio 52.04%.

  • Net income available to common stockholders was $51.8M, up from $45.6M in 1Q25 and $51.1M in 2Q24.

  • Provision for credit losses was $21.7M, up from $15.6M in 2Q24, reflecting higher loan volume and specific reserves.

  • Tangible book value per share increased to $27.67; return on average assets 1.73%; return on average tangible common equity 16.96%.

  • Allowance for credit losses stood at $189.9M, or 2.32% of loans held for investment.

Outlook and guidance

  • Loan balances expected to grow 5-6% for full year 2025, up from previous 3-4% guidance.

  • Net interest margin anticipated to expand as loan growth continues and liquidity is deployed.

  • Non-interest expenses expected to remain in the $95M-$96M quarterly range for 2025.

  • Management anticipates a full-year effective tax rate of 24.90%.

  • Management expects continued growth in commercial lending and digital initiatives, while remaining vigilant to global economic and geopolitical risks.

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Frequently asked questions

OFG Bancorp, established in 1964, is a financial holding company based in San Juan, Puerto Rico. The company operates primarily in Puerto Rico and the U.S. Virgin Islands, offering a broad range of financial services through its principal subsidiaries: Oriental Bank, Oriental Financial Services, and Oriental Insurance. OFG Bancorp provides consumer and commercial banking, lending, and wealth management solutions. It is also involved in financial services including auto loans, residential mortgages, consumer finance, credit cards, business loans, cash management, and investment brokerage services. The company is headquartered in San Juan, Puerto Rico, and its shares are listed on the New York Stock Exchange.

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