OFG Bancorp (OFG) Financial Statements (2024 and earlier)

Company Profile

Business Address 254 MU?OZ RIVERA AVENUE
SAN JUAN, 00918
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments798,973847,352550,307815,2691,307,1121,855,554
Cash and cash equivalents798,973847,352550,307815,2691,307,1121,855,554
Prepaid expense128,146112,300102,075129,642126,196108,431
Total current assets:927,119959,652652,382944,9111,433,3081,963,985
Noncurrent Assets
Operating lease, right-of-use asset21,84023,89725,36326,19227,69928,576
Property, plant and equipment104,166104,851106,820106,025101,84897,403
Intangible assets, net (including goodwill)108,384110,109111,834115,731117,869120,016
Goodwill84,24184,24184,24186,06986,06986,069
Intangible assets, net (excluding goodwill)24,14325,86827,59329,66231,80033,947
Deferred income tax assets20,30637,37255,48566,12176,10187,608
Total noncurrent assets:254,696276,229299,502314,069323,517333,603
Other undisclosed assets8,849,7328,821,7008,866,8968,799,1998,490,9497,892,532
TOTAL ASSETS:10,031,54710,057,5819,818,78010,058,17910,247,77410,190,120
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5421,200495521605392
Total current liabilities:5421,200495521605392
Noncurrent Liabilities
Other undisclosed liabilities8,931,2548,966,8718,775,8799,063,7919,232,3579,149,693
Total liabilities:8,931,7968,968,0718,776,3749,064,3129,232,9629,150,085
Equity
Equity, attributable to parent, including:1,099,7511,089,5101,042,406993,8671,014,8121,040,035
Common stock59,88559,88559,88559,88559,88559,885
Treasury stock, value(226,230)(212,794)(211,135)(211,138)(211,138)(180,717)
Additional paid in capital636,051634,785636,793635,523634,612633,796
Accumulated other comprehensive loss(89,564)(78,340)(93,409)(103,889)(49,502)(20,638)
Retained earnings577,042547,641516,371484,057455,590426,320
Other undisclosed equity, attributable to parent142,567138,333133,901129,429125,365121,389
Total equity:1,099,7511,089,5101,042,406993,8671,014,8121,040,035
TOTAL LIABILITIES AND EQUITY:10,031,54710,057,5819,818,78010,058,17910,247,77410,190,120

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues139,240132,561130,121120,767115,844111,736
Net investment income135,518128,311125,000116,240111,357107,565
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(15,044)(9,445)(8,757)(7,120)(6,691)(1,551)
Gross profit:124,196123,116121,364113,647109,153110,185
Operating expenses(34,223)(32,807)(33,201)(31,459)(32,761)(29,718)
Operating income:89,97390,30988,16382,18876,39280,467
Interest and debt expense(18,344)(13,088)(10,445)(8,165)(7,128)(7,755)
Income from continuing operations before equity method investments, income taxes:71,62977,22177,71874,02369,26472,712
Other undisclosed loss from continuing operations before income taxes(5,844)(12,088)(9,580)(11,505)(9,909)(18,618)
Income from continuing operations before income taxes:65,78565,13368,13862,51859,35554,094
Income tax expense(21,612)(18,904)(21,771)(20,599)(18,923)(16,573)
Income from continuing operations:44,17346,22946,36741,91940,43237,521
Income before gain (loss) on sale of properties:41,91940,43237,521
Net income available to common stockholders, diluted:44,17346,22946,36741,91940,43237,521

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:44,17346,22946,36741,91940,43237,521
Other comprehensive income (loss)(11,224)15,06910,480(54,387)(28,864)(25,798)
Comprehensive income (loss), net of tax, attributable to parent:32,94961,29856,847(12,468)11,56811,723

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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