OFG Bancorp Reports 3Q26 Results
OFG Bancorp reported 3Q26 diluted EPS of $1.33, up 14.7% year-over-year from $1.16, though down from $1.39 in 2Q26. Core revenues were $185.7 million, up 1.0% YoY, with a 5.23% net interest margin, 17.06% ROTCE, and a 51.83% efficiency ratio. Loans held for investment grew 4.1% YoY to $8.45 billion. Credit quality remained stable with net charge-offs and nonperforming loans both declining versus prior periods; management also repurchased $13.5 million of common shares during the quarter.
Key figures
- Eps
- 1.33
- Revenue
- $185.7 million
- Guidance
- Effective tax rate of 22.53% anticipated for the year
- Revenue Yoy
- 1.0%
- Rotce
- 17.06%
- Buyback
- $13.5 million
- Eps 2q26
- 1.39
- Eps 3q25
- 1.16
- Cet1 ratio
- 14.10%
- Eps yoy growth
- 14.7%
- Efficiency ratio
- 51.83%
- Loans yoy growth
- 4.1%
- Customer deposits
- $9.66 billion
- Net charge off rate
- 0.70%
- Net interest margin
- 5.23%
- New loan production
- $693.8 million
- Return on avg assets
- 1.86%
- Early delinquency rate
- 2.65%
- Total delinquency rate
- 3.91%
- Nonperforming loan rate
- 0.74%
- Loans held for investment
- $8.45 billion
- Pre provision net revenue
- $89.9 million
- Provision for credit losses
- $18.1 million
- Tangible book value per share
- 29.66
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