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OFG Bancorp
Previous close
$46.12
Day range
$46.30 - $46.63
Year range
$32.96 - $47.66
Market cap
2.10B USD
Avg Volume
330.40K
P/E ratio
11.24
Dividend yield
2.16%
Primary exchange
NYSE
Financials
Income Statement
Revenue
Net income
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Revenue | 153.38M | -1.71% |
Operating expense | 87.51M | -0.28% |
Net income | 47.00M | 4.74% |
Net profit margin | 30.64 | 6.57% |
Earnings per share | 1.00 | 5.26% |
EBITDA | — | — |
Effective tax rate | 23.93% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 680.60M | 27.76% |
Total assets | 11.46B | 11.74% |
Total liabilities | 10.14B | 10.71% |
Total equity | 1.32B | — |
Shares outstanding | 45.90M | — |
Price to book | 1.63 | — |
Return on assets | 1.65% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (USD) | Sep 2024info | Y/Y change |
|---|---|---|
Net income | 47.00M | 4.74% |
Cash from operations | 58.14M | -34.51% |
Cash from investing | -186.71M | 67.40% |
Cash from financing | 68.72M | -68.42% |
Net change in cash | -59.84M | 77.53% |
Free cash flow | — | — |
About
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918. OFG Bancorp has $10.6 billion in assets, and approximately 2,248 employees.
In 2010, Oriental acquired failed competitor Eurobank. In late 2012, Oriental completed the acquisition of Spain's Banco Bilbao Vizcaya Argentaria's Puerto Rican unit for $500 million in cash.
The company changed its name to OFG Bancorp from Oriental Financial Group in 2013.
In 2019, OFG Bancorp acquired all operations of Scotiabank within Puerto Rico and The United States Virgin Islands territories as part of a $550M cash deal.
In 2023, OFG CEO José Rafael Fernández was named American Banker's Community Banker of the Year. Wikipedia
Founded
1964
Website
Employees
2,236
