OFG Bancorp (OFG) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments851447485511537573703
Cash and cash equivalents851447485510537573703
Short-term investments  000  
Receivables     5449
Prepaid expense98151530192625
Disposal group, including discontinued operation    14  
Total current assets:949462500540569653777
Noncurrent Assets
Operating lease, right-of-use asset39
Nontrade receivables3734502021 
Property, plant and equipment81696870758183
Intangible assets, net (including goodwill)143899192948686
Goodwill86868686868686
Intangible assets, net (excluding goodwill)573568  
Deferred income tax assets177
Total noncurrent assets:477193209183189167169
Other undisclosed assets7,8715,9285,4805,7796,3416,6307,212
TOTAL ASSETS:9,2986,5836,1896,5027,0997,4498,158
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt19145619565493612
Derivative instruments and hedges, liabilities 012   
Total current liabilities:19145619665793612
Noncurrent Liabilities
Other undisclosed liabilities8,0615,1285,0484,9255,2666,5067,271
Total liabilities:8,2525,5835,2445,5816,2026,5077,273
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0451,000945920897942885
Common stock60605353535353
Treasury stock, value(102)(104)(105)(105)(105)(97)(81)
Additional paid in capital622619542541541539538
Accumulated other comprehensive income (loss)(1)(11)(3)214203
Retained earnings280253201178149181134
Other undisclosed stockholders' equity attributable to parent188182257252246246238
Total stockholders' equity:1,0451,000945920897942885
TOTAL LIABILITIES AND EQUITY:9,2986,5836,1896,5027,0997,4498,158

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3483303894084477885
Net investment income340321312322368  
Financial services revenue7686797885
Cost of revenue(97)(56)(113)(65)(162)(6)(5)
Provision for loan, lease, and other losses(97)(56)
Financial services costs(113)(65)(162)(6)(5)
Gross profit:2512742753432857280
Operating expenses(98)(80)(159)(160)(166)(135)(157)
Operating income (loss):153194117184119(62)(77)
Nonoperating income (expense)0   (1)(14)(6)
Investment income, nonoperating0   (1)(4) 
Loss from real estate operations     (9)(6)
Interest and debt expense(51)(45)(42)(69)(69)(77)(83)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(27)(17)(7)(29)(68)275256
Income (loss) from continuing operations before income taxes:751336885(20)12290
Income tax expense (benefit)(21)(48)(15)(26)18(37)9
Net income (loss) attributable to parent:54845359(3)8598
Other undisclosed net loss available to common stockholders, basic(7)(12)(14)(14)(14)(14)(14)
Net income (loss) available to common stockholders, basic:47723945(16)7185
Convertible preferred dividends      (7)
Net income (loss) available to common stockholders, diluted:47723945(16)7177

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):54845359(3)8598
Other comprehensive income (loss)10(8)(5)(12)(6)17(53)
Comprehensive income (loss), net of tax, attributable to parent:64764847(8)10246

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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