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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,154851447485511537573
Cash and cash equivalents2,154851447485510537573
Short-term investments   000 
Receivables      54
Prepaid expense116981515301926
Disposal group, including discontinued operation     14 
Total current assets:2,270949462500540569653
Noncurrent Assets
Operating lease, right-of-use asset3139
Nontrade receivables663734502021 
Property, plant and equipment84816968707581
Intangible assets, net (including goodwill)1321438991929486
Goodwill86868686868686
Intangible assets, net (excluding goodwill)46573568 
Deferred income tax assets162177
Total noncurrent assets:475477193209183189167
Other undisclosed assets7,0817,8715,9285,4805,7796,3416,630
TOTAL ASSETS:9,8269,2986,5836,1896,5027,0997,449
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt11914561956549361
Derivative instruments and hedges, liabilities  012  
Total current liabilities:11914561966579361
Noncurrent Liabilities
Other undisclosed liabilities8,7398,0615,1285,0484,9255,2666,506
Total liabilities:8,7408,2525,5835,2445,5816,2026,507
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0861,0451,000945920897942
Common stock60606053535353
Treasury stock, value(103)(102)(104)(105)(105)(105)(97)
Additional paid in capital623622619542541541539
Accumulated other comprehensive income (loss)11(1)(11)(3)21420
Retained earnings300280253201178149181
Other undisclosed stockholders' equity attributable to parent195188182257252246246
Total stockholders' equity:1,0861,0451,000945920897942
TOTAL LIABILITIES AND EQUITY:9,8269,2986,5836,1896,5027,0997,449

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues47434833038940844778
Net investment income457340321312322368 
Financial services revenue76867978
Cost of revenue(93)(97)(56)(113)(65)(162)(6)
Provision for loan, lease, and other losses(93)(97)(56)
Financial services costs(113)(65)(162)(6)
Gross profit:38125127427534328572
Operating expenses(129)(98)(80)(159)(160)(166)(135)
Operating income (loss):252153194117184119(62)
Nonoperating income (expense)70   (1)(14)
Investment income, nonoperating70   (1)(4)
Loss from real estate operations      (9)
Interest and debt expense(65)(51)(45)(42)(69)(69)(77)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(99)(27)(17)(7)(29)(68)275
Income (loss) from continuing operations before income taxes:95751336885(20)122
Income tax expense (benefit)(20)(21)(48)(15)(26)18(37)
Net income (loss) attributable to parent:7454845359(3)85
Other undisclosed net loss available to common stockholders, basic(7)(7)(12)(14)(14)(14)(14)
Net income (loss) available to common stockholders, diluted:6847723945(16)71

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):7454845359(3)85
Other comprehensive income (loss)1210(8)(5)(12)(6)17
Comprehensive income (loss), net of tax, attributable to parent:8664764847(8)102

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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