OFG Bancorp (OFG) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0232,154851447485511537
Cash and cash equivalents2,0232,154851447485510537
Short-term investments    000
Prepaid expense1161169815153019
Disposal group, including discontinued operation      14
Total current assets:2,1392,270949462500540569
Noncurrent Assets
Operating lease, right-of-use asset293139
Nontrade receivables 663734502021
Property, plant and equipment92848169687075
Intangible assets, net (including goodwill)12213214389919294
Goodwill86868686868686
Intangible assets, net (excluding goodwill)3646573568
Deferred income tax assets99162177
Total noncurrent assets:342475477193209183189
Other undisclosed assets7,4187,0817,8715,9285,4805,7796,341
TOTAL ASSETS:9,9009,8269,2986,5836,1896,5027,099
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt01191456195654936
Derivative instruments and hedges, liabilities   012 
Total current liabilities:01191456196657936
Noncurrent Liabilities
Other undisclosed liabilities8,8308,7398,0615,1285,0484,9255,266
Total liabilities:8,8318,7408,2525,5835,2445,5816,202
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0691,0861,0451,000945920897
Common stock60606060535353
Treasury stock, value(151)(103)(102)(104)(105)(105)(105)
Additional paid in capital637623622619542541541
Accumulated other comprehensive income (loss)511(1)(11)(3)214
Retained earnings400300280253201178149
Other undisclosed stockholders' equity attributable to parent118195188182257252246
Total stockholders' equity:1,0691,0861,0451,000945920897
TOTAL LIABILITIES AND EQUITY:9,9009,8269,2986,5836,1896,5027,099

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues452474348330389408447
Net investment income434457340321312322368
Financial services revenue768679
Cost of revenue(0)(93)(97)(56)(113)(65)(162)
Provision for loan, lease, and other losses(0)(93)(97)(56)
Financial services costs(113)(65)(162)
Gross profit:451381251274275343285
Operating expenses(119)(129)(98)(80)(159)(160)(166)
Operating income:333252153194117184119
Nonoperating income (expense)
(Investment Income, Nonoperating)
 70   (1)
Interest and debt expense(43)(65)(51)(45)(42)(69)(69)
Other undisclosed loss from continuing operations before equity method investments, income taxes (99)(27)(17)(7)(29)(68)
Income (loss) from continuing operations before equity method investments, income taxes:29095751336885(20)
Other undisclosed loss from continuing operations before income taxes(75)      
Income (loss) from continuing operations before income taxes:21595751336885(20)
Income tax expense (benefit)(68)(20)(21)(48)(15)(26)18
Net income (loss) attributable to parent:1467454845359(3)
Other undisclosed net loss available to common stockholders, basic(1)(7)(7)(12)(14)(14)(14)
Net income (loss) available to common stockholders, diluted:1456847723945(16)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1467454845359(3)
Other comprehensive income (loss)(6)1210(8)(5)(12)(6)
Comprehensive income (loss), net of tax, attributable to parent:1408664764847(8)

Statements sources

The financial statements are based on the company's filings with the 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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