Exhibit 99
OFG Bancorp Reports 2Q26 Results
SAN JUAN, Puerto Rico, July 21, 2026 – OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the second quarter ended June 30, 2026. EPS diluted of $1.39 compared to $1.26 in 1Q26 and $1.15 in 2Q25. Total core revenues of $190.3 million compared to $185.8 million in 1Q26 and $182.2 million in 2Q25.
CEO Comment
José Rafael Fernández, Chief Executive Officer, said: “With year-over-year increases of 20.9% in EPS and 4.5% in core revenues, second quarter results reflected continued momentum across all our businesses, supported by disciplined execution, excellent customer engagement, and our differentiated operating model. We continue to show core deposit strength, consistent loan growth, stable credit trends, and effective balance sheet management.”
“During 2Q26, Oriental launched a branding-marketing campaign reflecting our evolution to a digital bank with a human touch. The campaign highlights our market-leading banking and customer communication technologies in Puerto Rico combined with our people and intensely customer-focused culture. This sets us apart and reinforces our mission to help customers achieve progress. They are the point of everything we do.”
“On a macro level, the Puerto Rico economy remains stable, with federal reconstruction funds continuing to flow, a strong labor market, and private sector manufacturing and onshoring investment. With the economy as a tailwind, our operational strength, disciplined execution, and focus on the customer experience positions us well to capitalize on long-term growth opportunities.”
2Q26 Highlights
Performance Metrics: Net interest margin of 5.45%, return on average assets of 1.93%, return on average tangible common stockholders’ equity of 17.94%, and efficiency ratio of 54.04%.
Total Interest Income of $197.2 million compared to $194.1 million in 1Q26 and $194.3 million in 2Q25. 2Q26 increased $3.0 million sequentially, primarily reflecting higher average balances of loans at higher average rates, $4.1 million from three paid in full commercial loans compared to $3.3 million from another paid in full commercial loan in 1Q26, and one additional business day, which increased interest income by approximately $1.6 million.
Total Interest Expense of $39.9 million compared to $40.3 million in 1Q26 and $42.4 million in 2Q25. 2Q26 decreased $0.5 million sequentially, primarily reflecting lower average balances of borrowings and brokered deposits, which more than offset the additional expense of higher average balances of core deposits, and one additional business day, which increased interest expense by approximately $0.4 million.
Total Banking & Financial Service Revenues of $33.0 million compared to $32.0 million in 1Q26 and $30.2 million in 2Q25. 2Q26 increased $1.0 million sequentially, reflecting higher banking service and wealth management revenues, which included $1.1 million in insurance and annuity fees, and lower mortgage banking revenues.
Pre-Provision Net Revenues of $87.5 million compared to $91.3 million in 1Q26 and $87.6 million in 2Q25.
Total Provision for Credit Losses of $13.0 million compared to $22.5 million in 1Q26 and $21.7 million in 2Q25. 2Q26 primarily reflected $14.7 million for increased loan volume and $1.9 million in commercial loan recoveries, while 1Q26 included $17.5 million for increased loan volume and increased allowance of $3.7 million for a previously reserved telecom loan and $1.0 million for newly classified small commercial loans.
Credit Quality: Net charge-offs of $28.8 million (1.40% of average loans) compared to $21.4 million (1.05%) in 1Q26 and $12.8 million (0.64%) in 2Q25, and non-performing loans of $67.3 million (0.81% of average loans) compared to $120.9 million (1.47%) in 1Q26 and $97.4 million (1.19%) in 2Q25. The changes in 2Q26 NCOs and NPLs primarily reflected the sales of the above-mentioned telecom loan and a U.S. commercial loan.
Total Non-Interest Expense of $102.8 million compared to $94.7 million in 1Q26 and $94.8 million in 2Q25. 2Q26 included $5.8 million in business related operational charges, while 1Q26 included $1.0 million in capital markets readiness and registration expenses and the benefit of $3.6 million in a business related volume incentive payment.
Income Tax Expense was $15.7 million compared to $14.9 million in 1Q26 and $14.1 million in 2Q25. 2Q26 ETR reflected an anticipated rate of 22.64% for the year plus the benefit of some discrete items.
Loans Held for Investment (EOP) of $8.30 billion compared to $8.24 billion in 1Q26 and $8.18 billion in 2Q25. 2Q26 balances grew $62.4 million or 0.8% sequentially, reflecting increases in Puerto Rico commercial and consumer loans.
New Loan Production of $755.0 million compared to $608.9 million in 1Q26 and $783.7 million in 2Q25. 2Q26 production grew $146.2 million or 24.0% sequentially, reflecting increases in Puerto Rico commercial, residential mortgage, and consumer loans. Production declined 3.7% year-over-year, reflecting unusually strong auto sales in 2Q25 due to the threat of tariffs.
Total Investments (EOP) of $2.70 billion compared to $2.79 billion in 1Q26 and $2.78 billion in 2Q25. 2Q26 primarily reflected principal paydowns in mortgage backed securities.
Customer Deposits (EOP) of $9.74 billion compared to $9.66 billion in 1Q26 and $9.90 billion in 2Q25. 2Q26 deposits increased $84.9 million or 0.9% sequentially, reflecting government, commercial and retail deposit growth.
Total Borrowings & Brokered Deposits (EOP) of $795.5 million compared to $746.6 million in 1Q26 and $732.3 million in 2Q25. 2Q26 total borrowings and brokered deposits increased $48.9 million sequentially for liquidity management purposes.
Cash & Cash Equivalents (EOP) of $745.7 million compared to $636.5 million in 1Q26 and $851.8 million in 2Q25. 2Q26 cash increased $109.2 million sequentially primarily due to deposit growth and repayments from the investment portfolio.
Capital: CET1 ratio was 14.07% compared to 13.75% in 1Q26 and 13.99% in 2Q25. Tangible Common Equity ratio was 10.90% compared to 10.66% in 1Q26 and 10.20% in 2Q25. Tangible Book Value per share was $31.12 compared to $30.14 in 1Q26 and $27.67 in 2Q25.
Conference Call, Financial Supplement & Presentation
A conference call to discuss 2Q26 results, outlook and related matters will be held today at 10:00 AM ET. Phone (800) 579-2543 or (785) 424-1789. Conference ID: OFGQ226. The call can also be accessed live on www.ofgbancorp.com with webcast replay shortly thereafter. OFG’s Financial Supplement, with full financial tables for the quarter ended June 30, 2026, and the 2Q26 Conference Call Presentation, can be found on the Quarterly Results page on OFG’s Investor Relations website at www.ofgbancorp.com.
Non-GAAP Financial Measures
In addition to our financial information presented in accordance with GAAP, management uses certain “non-GAAP financial measures” within the meaning of SEC Regulation G, to clarify and enhance understanding of past performance and prospects for the future. Please refer to Tables 8-1 and 8-2 in OFG’s above-mentioned Financial Supplement for a reconciliation of GAAP to non-GAAP measures and calculations.
About OFG Bancorp
Now in its 62nd year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services, and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services, and technology, primarily in Puerto Rico and U.S. Virgin Islands. Our mission is to make progress possible for our customers, employees, shareholders, and the communities we serve. Visit us at www.ofgbancorp.com.
Contacts
Puerto Rico & USVI: Lumarie Vega López (lumarie.vega@orientalbank.com) and Victoria Maldonado Rodríguez (victoria.maldonado@orientalbank.com) at (787) 771-6800 US: Gary Fishman (gfishman@ofgbancorp.com) and Michael Wichman (michael.wichman@ofgbancorp.com) at (212) 532-3232 OFG Bancorp Financial Supplement The information contained in this Financial Supplement is preliminary and based on data available at the time of the earnings presentation, and investors should refer to our June 30, 2026 Quarterly Report on Form 10-Q once it is filed with the Securities and Exchange Commission.
| OFG Bancorp (Consolidated Financial Information) | Table of ContentsOFG Bancorp (Consolidated Financial Information) | PagesOFG Bancorp (Consolidated Financial Information) |
|---|---|---|
| Table 1: | Financial and Statistical Summary - Consolidated | 2 |
| Table 2: | Consolidated Statements of Operations | 4 |
| Table 3: | Consolidated Statements of Financial Condition | 6 |
| Table 4: | Information on Loan Portfolio and Production | 7 |
| Table 5: | Average Balances, Net Interest Income and Net Interest Margin | 8 |
| Table 6: | Loan Information and Performance Statistics | 10 |
| Table 7: | Allowance for Credit Losses | 13 |
| Table 8: | Reconciliation of GAAP to Non-GAAP Measures and Calculation of Regulatory Capital | 14 |
| Table 9: | Notes to Financial Summary, Selected Metrics, Loans, and Consolidated Financial Statements (Tables 1-8) | 16 |
OFG Bancorp (NYSE: OFG)
Table 1-1: Financial and Statistical Summary - Consolidated
| (Dollars in thousands, except per share data) (unaudited) | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|
| Statement of Operations | |||||
| Net interest income | $157,299 | $153,813 | $152,744 | $154,724 | $151,928 |
| Non-interest income, net (core) | 32,984 | 31,988 | 32,627 | 29,256 | 30,247 |
| Total core revenues | 190,283 | 185,801 | 185,371 | 183,980 | 182,175 |
| Non-interest expense | 102,832 | 94,703 | 105,011 | 96,548 | 94,802 |
| Pre-provision net revenues | 87,490 | 91,277 | 79,309 | 89,629 | 87,557 |
| Total provision for credit losses | 13,006 | 22,483 | 31,889 | 28,258 | 21,678 |
| Net income before income taxes | 74,484 | 68,794 | 47,420 | 61,371 | 65,879 |
| Income tax expense (benefit) | 15,707 | 14,857 | (8,473) | 9,533 | 14,078 |
| Net income available to common stockholders | 58,777 | 53,937 | 55,893 | 51,838 | 51,801 |
| Common Share Statistics | |||||
| Earnings per common share - basic | $1.39 | $1.26 | $1.28 | $1.17 | $1.15 |
| Earnings per common share - diluted | $1.39 | $1.26 | $1.27 | $1.16 | $1.15 |
| Average common shares outstanding | 42,261 | 42,786 | 43,649 | 44,430 | 44,854 |
| Average common shares outstanding and equivalents | 42,397 | 42,956 | 43,901 | 44,658 | 45,033 |
| Cash dividends per common share | $0.35 | $0.35 | $0.30 | $0.30 | $0.30 |
| Book value per common share (period end) | $33.30 | $32.35 | $32.13 | $31.07 | $29.83 |
| Tangible book value per common share (period end) | $31.12 | $30.14 | $29.96 | $28.92 | $27.67 |
| Balance Sheet (Average Balances) | |||||
| Loans | $8,245,654 | $8,167,438 | $8,117,032 | $8,098,058 | $7,963,890 |
| Interest-earning assets | 11,582,521 | 11,633,354 | 11,827,933 | 11,715,599 | 11,466,602 |
| Total assets | 12,154,691 | 12,138,944 | 12,377,910 | 12,248,544 | 11,958,502 |
| Core deposits | 9,705,480 | 9,560,640 | 9,930,939 | 9,866,369 | 9,736,301 |
| Total deposits | 9,921,807 | 9,829,019 | 10,161,728 | 10,086,731 | 9,963,960 |
| Interest-bearing deposits | 7,172,785 | 7,171,589 | 7,541,276 | 7,498,818 | 7,382,083 |
| Borrowings | 579,724 | 660,300 | 555,820 | 548,832 | 444,820 |
| Stockholders' equity | 1,403,137 | 1,406,938 | 1,394,097 | 1,361,055 | 1,318,886 |
| Performance Metrics | |||||
| Net interest margin | 5.45% | 5.36% | 5.12% | 5.24% | 5.31% |
| Return on average assets | 1.93% | 1.78% | 1.81% | 1.69% | 1.73% |
| Return on average tangible common stockholders' equity | 17.94% | 16.43% | 17.20% | 16.39% | 16.96% |
| Efficiency ratio | 54.04% | 50.97% | 56.65% | 52.48% | 52.04% |
| Full-time equivalent employees, period end | 2,185 | 2,181 | 2,185 | 2,217 | 2,222 |
| Credit Quality Metrics | |||||
| Allowance for credit losses | $188,255 | $203,956 | $202,341 | $197,782 | $189,944 |
| Allowance as a % of loans held for investment | 2.27% | 2.48% | 2.47% | 2.44% | 2.32% |
| Net charge-offs | $28,791 | $21,379 | $26,873 | $20,208 | $12,784 |
| Net charge-off rate | 1.40% | 1.05% | 1.32% | 1.00% | 0.64% |
| Early delinquency rate (30 - 89 days past due) | 2.51% | 2.21% | 2.80% | 2.84% | 2.46% |
| Total delinquency rate (30 days and over) | 3.68% | 3.40% | 4.18% | 4.06% | 3.59% |
| Capital Ratios (period end) (Non-GAAP) | |||||
| Leverage ratio | 11.23% | 10.88% | 10.71% | 10.75% | 10.83% |
| Common equity Tier 1 capital ratio | 14.07% | 13.75% | 13.97% | 14.13% | 13.99% |
| Tier 1 risk-based capital ratio | 14.07% | 13.75% | 13.97% | 14.13% | 13.99% |
| Total risk-based capital ratio | 15.33% | 15.01% | 15.24% | 15.39% | 15.25% |
| Tangible common equity ("TCE") ratio | 10.90% | 10.66% | 10.47% | 10.55% | 10.20% |
OFG Bancorp (NYSE: OFG)
Table 1-2: Financial and Statistical Summary - Consolidated (Continued)
| (Dollars in thousands, except per share data) (unaudited) | Six-month period ended June 30, 2026 | Six-month period ended June 30, 2025 |
|---|---|---|
| Statement of Operations | ||
| Net interest income | $311,112 | $300,999 |
| Non-interest income, net (core) | 64,972 | 59,459 |
| Total core revenues | 376,084 | 360,458 |
| Non-interest expense | 197,535 | 188,254 |
| Pre-provision net revenues | 178,767 | 172,693 |
| Total provision for credit losses | 35,489 | 47,366 |
| Net income before income taxes | 143,278 | 125,327 |
| Income tax expense | 30,564 | 27,954 |
| Net income available to common stockholders | 112,714 | 97,373 |
| Common Share Statistics | ||
| Earnings per common share - basic | $2.65 | $2.16 |
| Earnings per common share - diluted | $2.64 | $2.15 |
| Average common shares outstanding | 42,522 | 45,074 |
| Average common shares outstanding and equivalents | 42,645 | 45,265 |
| Cash dividends per common share | $0.70 | $0.60 |
| Book value per common share (period end) | $33.30 | $29.83 |
| Tangible book value per common share (period end) | $31.12 | $27.67 |
| Balance Sheet (Average Balances) | ||
| Loans | $8,206,763 | $7,874,819 |
| Interest-earning assets | 11,607,798 | 11,310,263 |
| Total assets | 12,146,861 | 11,808,855 |
| Core deposits | 9,633,463 | 9,680,351 |
| Total deposits | 9,875,672 | 9,873,483 |
| Interest-bearing deposits | 7,172,190 | 7,311,562 |
| Borrowings | 619,789 | 401,981 |
| Stockholders' equity | 1,405,027 | 1,304,964 |
| Performance Metrics | ||
| Net interest margin | 5.40% | 5.37% |
| Return on average assets | 1.86% | 1.65% |
| Return on average tangible common stockholders' equity | 17.18% | 16.13% |
| Efficiency ratio | 52.52% | 52.23% |
| Full-time equivalent employees, period end | 2,185 | 2,222 |
| Credit Quality Metrics | ||
| Allowance for credit losses | $188,255 | $189,944 |
| Allowance as a % of loans held for investment | 2.27% | 2.32% |
| Net charge-offs | $50,170 | $33,154 |
| Net charge-off rate | 1.22% | 0.84% |
| Early delinquency rate (30 - 89 days past due) | 2.51% | 2.46% |
| Total delinquency rate (30 days and over) | 3.68% | 3.59% |
Table 2-1: Consolidated Statements of Operations
| (Dollars in thousands) (unaudited) | Quarter EndedJune 30, 2026 | Quarter EndedMarch 31, 2026 | Quarter EndedDecember 31, 2025 | Quarter EndedSeptember 30, 2025 | Quarter EndedJune 30, 2025 |
|---|---|---|---|---|---|
| Interest income: | |||||
| Loans | |||||
| Non-PCD loans | $146,862 | $142,211 | $144,385 | $146,665 | $141,797 |
| PCD loans | 15,553 | 16,343 | 13,826 | 14,669 | 15,190 |
| Total interest income from loans | 162,415 | 158,554 | 158,211 | 161,334 | 156,987 |
| Investment securities and cash | 34,735 | 35,572 | 39,011 | 38,811 | 37,360 |
| Total interest income | 197,150 | 194,126 | 197,222 | 200,145 | 194,347 |
| Interest expense: | |||||
| Deposits | |||||
| Core deposits | 31,960 | 31,196 | 36,482 | 37,458 | 35,529 |
| Brokered deposits | 2,164 | 2,672 | 2,352 | 2,284 | 2,350 |
| Total deposits | 34,124 | 33,868 | 38,834 | 39,742 | 37,879 |
| Borrowings | 5,727 | 6,445 | 5,644 | 5,679 | 4,540 |
| Total interest expense | 39,851 | 40,313 | 44,478 | 45,421 | 42,419 |
| Net interest income | 157,299 | 153,813 | 152,744 | 154,724 | 151,928 |
| Provision for credit losses, excluding PCD loans | 14,825 | 22,942 | 33,643 | 27,591 | 21,010 |
| (Recapture of) provision for credit losses on PCD loans | (1,819) | (459) | (1,754) | 667 | 668 |
| Total provision for credit losses | 13,006 | 22,483 | 31,889 | 28,258 | 21,678 |
| Net interest income after provision for credit losses | 144,293 | 131,330 | 120,855 | 126,466 | 130,250 |
| Non-interest income: | |||||
| Banking service revenues | 17,397 | 16,944 | 16,550 | 15,930 | 15,982 |
| Wealth management revenues | 9,727 | 8,913 | 11,378 | 9,014 | 8,918 |
| Mortgage banking activities | 5,860 | 6,131 | 4,699 | 4,312 | 5,347 |
| Total banking and financial service revenues | 32,984 | 31,988 | 32,627 | 29,256 | 30,247 |
| Other income (loss), net | 39 | 179 | (1,051) | 2,197 | 184 |
| Total non-interest income, net | 33,023 | 32,167 | 31,576 | 31,453 | 30,431 |
| Non-interest expense: | |||||
| Compensation and employee benefits | 41,176 | 41,347 | 43,093 | 39,836 | 39,565 |
| Occupancy, equipment and infrastructure costs | 14,273 | 13,418 | 15,338 | 14,994 | 14,629 |
| General and administrative expenses | 47,859 | 40,052 | 46,371 | 42,239 | 40,298 |
| Foreclosed real estate and other repossessed assets (income) expenses, net | (476) | (114) | 209 | (521) | 310 |
| Total non-interest expense | 102,832 | 94,703 | 105,011 | 96,548 | 94,802 |
| Income before income taxes | 74,484 | 68,794 | 47,420 | 61,371 | 65,879 |
| Income tax expense (benefit) | 15,707 | 14,857 | (8,473) | 9,533 | 14,078 |
| Net income available to common shareholders | $58,777 | $53,937 | $55,893 | $51,838 | $51,801 |
Table 2-2: Consolidated Statements of Operations (Continued)
| (Dollars in thousands) (unaudited) | Six-month period ended June 30, 2026 | Six-month period ended June 30, 2025 |
|---|---|---|
| Interest income: | ||
| Loans | ||
| Non-PCD loans | $289,073 | $279,487 |
| PCD loans | 31,896 | 30,908 |
| Total interest income from loans | 320,969 | 310,395 |
| Investment securities and cash | 70,307 | 73,174 |
| Total interest income | 391,276 | 383,569 |
| Interest expense: | ||
| Deposits | ||
| Core deposits | 63,156 | 70,174 |
| Brokered deposits | 4,836 | 3,997 |
| Total deposits | 67,992 | 74,171 |
| Borrowings | 12,172 | 8,399 |
| Total interest expense | 80,164 | 82,570 |
| Net interest income | 311,112 | 300,999 |
| Provision for credit losses, excluding PCD loans | 37,767 | 45,820 |
| Provision for (recapture of) credit losses on PCD loans | (2,278) | 1,546 |
| Total provision for credit losses | 35,489 | 47,366 |
| Net interest income after provision for credit losses | 275,623 | 253,633 |
| Non-interest income: | ||
| Banking service revenues | 34,341 | 31,963 |
| Wealth management revenues | 18,640 | 17,373 |
| Mortgage banking activities | 11,991 | 10,123 |
| Total banking and financial service revenues | 64,972 | 59,459 |
| Other income, net | 218 | 489 |
| Total non-interest income, net | 65,190 | 59,948 |
| Non-interest expense: | ||
| Compensation and employee benefits | 82,523 | 79,497 |
| Occupancy, equipment and infrastructure costs | 27,691 | 29,449 |
| General and administrative expenses | 87,911 | 77,970 |
| Foreclosed real estate and other repossessed assets (income) expenses, net | (590) | 1,338 |
| Total non-interest expense | 197,535 | 188,254 |
| Income before income taxes | 143,278 | 125,327 |
| Income tax expense | 30,564 | 27,954 |
| Net income available to common shareholders | $112,714 | $97,373 |
Table 3: Consolidated Statements of Financial Condition
| (Dollars in thousands) (unaudited) | June 30, 2026 | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $745,706 | $636,499 | $1,040,335 | $740,349 | $851,798 |
| Investments: | |||||
| Trading securities | 23 | 24 | 23 | 21 | 18 |
| Investment securities available-for-sale, at fair value, no allowance for credit losses for any period | |||||
| Mortgage-backed securities | 2,370,468 | 2,457,541 | 2,508,730 | 2,564,831 | 2,406,956 |
| US treasury securities | 2,150 | 2,131 | 1,651 | 1,635 | 1,399 |
| Other investment securities | 500 | 500 | 501 | 503 | 519 |
| Total investment securities available-for-sale | 2,373,118 | 2,460,172 | 2,510,882 | 2,566,969 | 2,408,874 |
| Investment securities held-to-maturity, at amortized cost, no allowance for credit losses for any period | |||||
| Mortgage-backed securities | 258,698 | 264,580 | 269,498 | 275,116 | 281,186 |
| Other investment securities | — | — | — | 35,000 | 35,000 |
| Total investment securities held-to-maturity | 258,698 | 264,580 | 269,498 | 310,116 | 316,186 |
| Equity securities | 64,817 | 63,682 | 62,738 | 61,906 | 59,556 |
| Total investments | 2,696,656 | 2,788,458 | 2,843,141 | 2,939,012 | 2,784,634 |
| Loans, net | 8,117,021 | 8,040,074 | 8,014,246 | 7,935,413 | 8,009,599 |
| Other assets: | |||||
| Prepaid expenses | 25,687 | 17,050 | 20,415 | 150,461 | 119,766 |
| Deferred tax asset, net | 113,343 | 120,431 | 104,359 | 7,468 | 7,048 |
| Foreclosed real estate and repossessed properties | 5,870 | 6,347 | 5,947 | 8,025 | 7,363 |
| Premises and equipment, net | 95,601 | 92,731 | 93,554 | 100,760 | 102,095 |
| Goodwill | 84,241 | 84,241 | 84,241 | 84,241 | 84,241 |
| Other intangibles | 7,884 | 8,869 | 9,854 | 11,086 | 12,318 |
| Right of use assets | 19,640 | 20,275 | 21,261 | 22,694 | 17,284 |
| Servicing asset | 67,867 | 67,228 | 66,333 | 67,437 | 68,588 |
| Accounts receivable and other assets | 175,056 | 165,700 | 161,971 | 162,866 | 166,776 |
| Total assets | $12,154,572 | $12,047,903 | $12,465,657 | $12,229,812 | $12,231,510 |
| Deposits: | |||||
| Demand deposits | $4,887,404 | $5,347,977 | $5,799,985 | $5,791,959 | $5,801,400 |
| Savings accounts | 2,358,067 | 2,367,531 | 2,259,980 | 2,208,212 | 2,131,076 |
| Time deposits | 2,498,777 | 1,943,866 | 1,862,793 | 1,819,397 | 1,963,336 |
| Brokered deposits | 238,880 | 189,898 | 339,994 | 189,065 | 248,353 |
| Total deposits | 9,983,128 | 9,849,272 | 10,262,752 | 10,008,633 | 10,144,165 |
| Borrowings: | |||||
| Securities sold under agreements to repurchase | 100,085 | 100,086 | 100,714 | 100,791 | 27,463 |
| Advances from FHLB and other borrowings | 456,530 | 456,581 | 456,590 | 456,530 | 456,530 |
| Total borrowings | 556,615 | 556,667 | 557,304 | 557,321 | 483,993 |
| Other liabilities: | |||||
| Acceptances outstanding | 19,418 | 22,665 | 22,442 | 29,975 | 27,572 |
| Lease liability | 21,376 | 22,088 | 23,157 | 24,681 | 19,354 |
| GNMA buy-back option program liability | 52,938 | 54,358 | 56,492 | 46,716 | 43,281 |
| Deferred tax liability, net | 615 | 337 | — | 50,298 | 48,374 |
| Accrued expenses and other liabilities | 113,210 | 175,621 | 153,505 | 136,771 | 130,318 |
| Total liabilities | 10,747,300 | 10,681,008 | 11,075,652 | 10,854,395 | 10,897,057 |
| Stockholders' equity: | |||||
| Common stock | 59,885 | 59,885 | 59,885 | 59,885 | 59,885 |
| Additional paid-in capital | 642,019 | 640,656 | 642,973 | 641,350 | 639,901 |
| Legal surplus | 199,429 | 193,787 | 188,490 | 183,614 | 178,834 |
| Retained earnings | 976,946 | 938,349 | 904,630 | 866,826 | 833,187 |
| Treasury stock, at cost | (432,061) | (432,209) | (389,067) | (348,957) | (328,572) |
| Accumulated other comprehensive loss, net | (38,946) | (33,573) | (16,906) | (27,301) | (48,782) |
| Total stockholders' equity | 1,407,272 | 1,366,895 | 1,390,005 | 1,375,417 | 1,334,453 |
| Total liabilities and stockholders' equity | $12,154,572 | $12,047,903 | $12,465,657 | $12,229,812 | $12,231,510 |
Table 4-1: Information on Loan Portfolio and Production
| (Dollars in thousands) (unaudited) | June 30, 2026 | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 |
|---|---|---|---|---|---|
| Non-PCD: | |||||
| Mortgage, excluding GNMA buy-back option program | $604,990 | $588,642 | $582,563 | $580,332 | $575,423 |
| Mortgage GNMA buy-back option program | 52,938 | 54,358 | 56,492 | 46,716 | 43,281 |
| Commercial PR | 2,679,280 | 2,611,166 | 2,586,305 | 2,469,925 | 2,511,495 |
| Commercial US | 871,454 | 871,640 | 829,975 | 831,731 | 825,254 |
| Consumer | 686,883 | 677,535 | 683,246 | 685,740 | 680,060 |
| Auto | 2,623,762 | 2,630,422 | 2,636,890 | 2,646,811 | 2,661,795 |
| 7,519,307 | 7,433,763 | 7,375,471 | 7,261,255 | 7,297,308 | |
| Less: Allowance for credit losses | (184,747) | (200,111) | (198,239) | (189,701) | (182,765) |
| Total non-PCD loans held for investment, net | 7,334,560 | 7,233,652 | 7,177,232 | 7,071,554 | 7,114,543 |
| PCD: | |||||
| Mortgage | 709,278 | 730,629 | 751,291 | 772,808 | 795,863 |
| Commercial PR | 68,487 | 70,290 | 73,889 | 82,748 | 86,685 |
| Consumer | 316 | 306 | 302 | 337 | 575 |
| Auto | 66 | 75 | 89 | 119 | 160 |
| 778,147 | 801,300 | 825,571 | 856,012 | 883,283 | |
| Less: Allowance for credit losses | (3,508) | (3,845) | (4,102) | (8,081) | (7,179) |
| Total PCD loans held for investment, net | 774,639 | 797,455 | 821,469 | 847,931 | 876,104 |
| Total loans held for investment | 8,109,199 | 8,031,107 | 7,998,701 | 7,919,485 | 7,990,647 |
| Mortgage loans held for sale | 7,822 | 8,967 | 12,483 | 9,680 | 14,590 |
| Other loans held for sale | — | — | 3,062 | 6,248 | 4,362 |
| Total loans, net | $8,117,021 | $8,040,074 | $8,014,246 | $7,935,413 | $8,009,599 |
| Loan Portfolio Summary: | |||||
| Loans held for investment: | |||||
| Mortgage, excluding GNMA buy-back option program | $1,314,268 | $1,319,271 | $1,333,854 | $1,353,140 | $1,371,286 |
| Mortgage GNMA buy-back option program | 52,938 | 54,358 | 56,492 | 46,716 | 43,281 |
| Commercial PR | 2,747,767 | 2,681,456 | 2,660,194 | 2,552,673 | 2,598,180 |
| Commercial US | 871,454 | 871,640 | 829,975 | 831,731 | 825,254 |
| Consumer | 687,199 | 677,841 | 683,548 | 686,077 | 680,635 |
| Auto | 2,623,828 | 2,630,497 | 2,636,979 | 2,646,930 | 2,661,955 |
| 8,297,454 | 8,235,063 | 8,201,042 | 8,117,267 | 8,180,591 | |
| Less: Allowance for credit losses | (188,255) | (203,956) | (202,341) | (197,782) | (189,944) |
| Total loans held for investment, net | 8,109,199 | 8,031,107 | 7,998,701 | 7,919,485 | 7,990,647 |
| Mortgage loans held for sale | 7,822 | 8,967 | 12,483 | 9,680 | 14,590 |
| Other loans held for sale | — | — | 3,062 | 6,248 | 4,362 |
| Total loans, net | $8,117,021 | $8,040,074 | $8,014,246 | $7,935,413 | $8,009,599 |
Table 4-2: Information on Loan Portfolio and Production
| (Dollars in thousands) (unaudited) | Quarter EndedJune 30, 2026 | Quarter EndedMarch 31, 2026 | Quarter EndedDecember 31, 2025 | Quarter EndedSeptember 30, 2025 | Quarter EndedJune 30, 2025 | Six-month period ended June 30, 2026 | Six-month period ended June 30, 2025 |
|---|---|---|---|---|---|---|---|
| Loan production | |||||||
| Mortgage | $55,565 | $41,948 | $44,593 | $42,392 | $55,575 | $97,513 | $92,589 |
| Commercial PR | 333,408 | 200,441 | 201,974 | 216,560 | 253,874 | 533,849 | 417,106 |
| Commercial US | 95,335 | 102,733 | 111,896 | 116,368 | 147,193 | 198,068 | 205,132 |
| Consumer | 82,287 | 68,481 | 68,204 | 76,027 | 76,757 | 150,768 | 144,616 |
| Auto | 188,440 | 195,256 | 178,928 | 172,558 | 250,269 | 383,696 | 483,166 |
| Total | $755,035 | $608,859 | $605,595 | $623,905 | $783,668 | $1,363,894 | $1,342,609 |
Table 5-1: Average Balances, Net Interest Income and Net Interest Margin
| 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | |||||||||||
| (Dollars in thousands) (unaudited) | Average Balance | Interest Income/ Expense | Yield/ Rate | Average Balance | Interest Income/ Expense | Yield/ Rate | Average Balance | Interest Income/ Expense | Yield/ Rate | Average Balance | Interest Income/ Expense | Yield/ Rate | Average Balance | Interest Income/ Expense | Yield/ Rate |
| Interest earning assets: | |||||||||||||||
| Cash equivalents | $615,369 | $5,493 | 3.58% | $660,529 | $5,855 | 3.59% | $803,931 | $7,898 | 3.90% | $784,978 | $8,555 | 4.32% | $746,356 | $8,078 | 4.34% |
| Investment securities | 2,721,498 | 29,242 | 4.30% | 2,805,387 | 29,717 | 4.24% | 2,906,970 | 31,113 | 4.28% | 2,832,563 | 30,256 | 4.27% | 2,756,356 | 29,282 | 4.25% |
| Loans held for investment | |||||||||||||||
| Non-PCD loans | 7,460,999 | 146,862 | 7.90% | 7,356,900 | 142,211 | 7.84% | 7,272,783 | 144,385 | 7.88% | 7,228,920 | 146,665 | 8.05% | 7,067,367 | 141,797 | 8.05% |
| PCD loans | 784,655 | 15,553 | 7.93% | 810,538 | 16,343 | 8.07% | 844,249 | 13,826 | 6.55% | 869,138 | 14,669 | 6.75% | 896,523 | 15,190 | 6.78% |
| Total loans | 8,245,654 | 162,415 | 7.90% | 8,167,438 | 158,554 | 7.87% | 8,117,032 | 158,211 | 7.73% | 8,098,058 | 161,334 | 7.90% | 7,963,890 | 156,987 | 7.91% |
| Total interest-earning assets | $11,582,521 | $197,150 | 6.83% | $11,633,354 | $194,126 | 6.77% | $11,827,933 | $197,222 | 6.62% | $11,715,599 | $200,145 | 6.78% | $11,466,602 | $194,347 | 6.80% |
| Interest bearing liabilities: | |||||||||||||||
| Deposits | |||||||||||||||
| NOW accounts | $2,503,812 | $8,786 | 1.41% | $2,711,262 | $10,093 | 1.51% | $3,211,013 | $14,976 | 1.85% | $3,208,598 | $15,941 | 1.97% | $3,211,382 | $15,451 | 1.93% |
| Savings accounts | 2,345,584 | 6,281 | 1.07% | 2,319,764 | 6,391 | 1.12% | 2,258,856 | 6,450 | 1.13% | 2,215,538 | 6,212 | 1.11% | 2,119,036 | 5,175 | 0.98% |
| Time deposits | 2,107,062 | 16,138 | 3.07% | 1,872,184 | 13,957 | 3.02% | 1,840,618 | 14,113 | 3.04% | 1,854,320 | 14,362 | 3.07% | 1,824,006 | 13,960 | 3.07% |
| Brokered deposits | 216,327 | 2,164 | 4.01% | 268,379 | 2,672 | 4.04% | 230,789 | 2,352 | 4.04% | 220,362 | 2,284 | 4.11% | 227,659 | 2,350 | 4.14% |
| 7,172,785 | 33,369 | 1.87% | 7,171,589 | 33,113 | 1.87% | 7,541,276 | 37,891 | 1.99% | 7,498,818 | 38,799 | 2.05% | 7,382,083 | 36,936 | 2.01% | |
| Non-interest bearing deposit accounts | 2,749,022 | — | — | 2,657,430 | — | — | 2,620,452 | — | — | 2,587,913 | — | — | 2,581,877 | — | — |
| Fair value premium and core deposit intangible amortization | — | 755 | — | — | 755 | — | — | 943 | — | — | 943 | — | — | 943 | — |
| Total deposits | 9,921,807 | 34,124 | 1.38% | 9,829,019 | 33,868 | 1.40% | 10,161,728 | 38,834 | 1.52% | 10,086,731 | 39,742 | 1.56% | 9,963,960 | 37,879 | 1.52% |
| Borrowings | |||||||||||||||
| Securities sold under agreements to repurchase | 122,685 | 1,074 | 3.51% | 204,480 | 1,855 | 3.68% | 100,000 | 951 | 3.77% | 93,028 | 986 | 4.21% | 10,517 | 120 | 4.56% |
| Advances from FHLB and other borrowings | 457,039 | 4,653 | 4.08% | 455,820 | 4,590 | 4.08% | 455,820 | 4,693 | 4.08% | 455,804 | 4,693 | 4.08% | 434,303 | 4,420 | 4.08% |
| Total borrowings | 579,724 | 5,727 | 3.96% | 660,300 | 6,445 | 3.96% | 555,820 | 5,644 | 4.03% | 548,832 | 5,679 | 4.10% | 444,820 | 4,540 | 4.09% |
| Total liabilities | $10,501,531 | $39,851 | 1.52% | $10,489,319 | $40,313 | 1.56% | $10,717,548 | $44,478 | 1.65% | $10,635,563 | $45,421 | 1.69% | $10,408,780 | $42,419 | 1.63% |
| Interest rate spread | $157,299 | 5.31% | $153,813 | 5.21% | $152,744 | 4.97% | $154,724 | 5.09% | $151,928 | 5.17% | |||||
| Net interest margin | 5.45% | 5.36% | 5.12% | 5.24% | 5.31% | ||||||||||
| Core deposits: (Non-GAAP) | |||||||||||||||
| NOW accounts | $2,503,812 | $8,786 | 1.41% | $2,711,262 | $10,093 | 1.51% | $3,211,013 | $14,976 | 1.85% | $3,208,598 | $15,941 | 1.97% | $3,211,382 | $15,451 | 1.93% |
| Savings accounts | 2,345,584 | 6,281 | 1.07% | 2,319,764 | 6,391 | 1.12% | 2,258,856 | 6,450 | 1.13% | 2,215,538 | 6,212 | 1.11% | 2,119,036 | 5,175 | 0.98% |
| Time deposits | 2,107,062 | 16,138 | 3.07% | 1,872,184 | 13,957 | 3.02% | 1,840,618 | 14,113 | 3.04% | 1,854,320 | 14,362 | 3.07% | 1,824,006 | 13,960 | 3.07% |
| 6,956,458 | 31,205 | 1.80% | 6,903,210 | 30,441 | 1.79% | 7,310,487 | 35,539 | 1.93% | 7,278,456 | 36,515 | 1.99% | 7,154,424 | 34,586 | 1.94% | |
| Non-interest bearing deposit accounts | 2,749,022 | — | — | 2,657,430 | — | — | 2,620,452 | — | — | 2,587,913 | — | — | 2,581,877 | — | — |
| Total core deposits | $9,705,480 | $31,205 | 1.29% | $9,560,640 | $30,441 | 1.29% | $9,930,939 | $35,539 | 1.42% | $9,866,369 | $36,515 | 1.47% | $9,736,301 | $34,586 | 1.42% |
| Total borrowings and brokered deposits: (Non-GAAP) | |||||||||||||||
| Total borrowings | $579,724 | $5,727 | 3.96% | $660,300 | $6,445 | 3.96% | $555,820 | $5,644 | 4.03% | $548,832 | $5,679 | 4.10% | $444,820 | $4,540 | 4.09% |
| Brokered deposits | 216,327 | 2,164 | 4.01% | 268,379 | 2,672 | 4.04% | 230,789 | 2,352 | 4.04% | 220,362 | 2,284 | 4.11% | 227,659 | 2,350 | 4.14% |
| Total borrowings and brokered deposits | $796,051 | $7,891 | 3.98% | $928,679 | $9,117 | 3.98% | $786,609 | $7,996 | 4.03% | $769,194 | $7,963 | 4.11% | $672,479 | $6,890 | 4.11% |
Table 5-2: Average Balances, Net Interest Income and Net Interest Margin (Continued)
| (Dollars in thousands) (unaudited) | Six-month period ended June 30, 2026Average Balance | Six-month period ended June 30, 2026Interest Income/ Expense | Six-month period ended June 30, 2026Yield/ Rate | Six-month period ended June 30, 2025Average Balance | Six-month period ended June 30, 2025Interest Income/ Expense | Six-month period ended June 30, 2025Yield/ Rate |
|---|---|---|---|---|---|---|
| Interest earning assets: | ||||||
| Cash equivalents | $637,824 | $11,348 | 3.59% | $670,264 | $14,393 | 4.33% |
| Investment securities | 2,763,211 | 58,959 | 4.27% | 2,765,180 | 58,781 | 4.25% |
| Loans held for investment | ||||||
| Non-PCD loans | 7,409,238 | 289,073 | 7.87% | 6,966,335 | 279,487 | 8.09% |
| PCD loans | 797,525 | 31,896 | 8.00% | 908,484 | 30,908 | 6.80% |
| Total loans | 8,206,763 | 320,969 | 7.89% | 7,874,819 | 310,395 | 7.95% |
| Total interest-earning assets | $11,607,798 | $391,276 | 6.80% | $11,310,263 | $383,569 | 6.84% |
| Interest bearing liabilities: | ||||||
| Deposits | ||||||
| NOW accounts | $2,606,964 | $18,879 | 1.46% | $3,202,286 | $30,347 | 1.91% |
| Savings accounts | 2,332,745 | 12,672 | 1.10% | 2,106,304 | 10,202 | 0.98% |
| Time deposits | 1,990,272 | 30,096 | 3.05% | 1,809,840 | 27,738 | 3.09% |
| Brokered deposits | 242,209 | 4,836 | 4.03% | 193,132 | 3,997 | 4.17% |
| 7,172,190 | 66,483 | 1.87% | 7,311,562 | 72,284 | 1.99% | |
| Non-interest bearing deposit accounts | 2,703,482 | — | — | 2,561,921 | — | — |
| Fair value premium and core deposit intangible amortization | — | 1,509 | — | — | 1,887 | — |
| Total deposits | 9,875,672 | 67,992 | 1.39% | 9,873,483 | 74,171 | 1.51% |
| Borrowings | ||||||
| Securities sold under agreements to repurchase | 163,356 | 2,929 | 3.62% | 36,878 | 830 | 4.54% |
| Advances from FHLB and other borrowings | 456,433 | 9,243 | 4.08% | 365,103 | 7,569 | 4.18% |
| Total borrowings | 619,789 | 12,172 | 3.96% | 401,981 | 8,399 | 4.21% |
| Total interest-bearing liabilities | $10,495,461 | $80,164 | 1.54% | $10,275,464 | $82,570 | 1.62% |
| Interest rate spread | $311,112 | 5.26% | $300,999 | 5.22% | ||
| Net interest margin | 5.40% | 5.37% | ||||
| Core deposits: (Non-GAAP) | ||||||
| NOW accounts | $2,606,964 | $18,879 | 1.46% | $3,202,286 | $30,347 | 1.91% |
| Savings accounts | 2,332,745 | 12,672 | 1.10% | 2,106,304 | 10,202 | 0.98% |
| Time deposits | 1,990,272 | 30,096 | 3.05% | 1,809,840 | 27,738 | 3.09% |
| 6,929,981 | 61,647 | 1.79% | 7,118,430 | 68,287 | 1.93% | |
| Non-interest bearing deposit accounts | 2,703,482 | — | — | 2,561,921 | — | — |
| Total core deposits | $9,633,463 | $61,647 | 1.29% | $9,680,351 | $68,287 | 1.42% |
| Total borrowings and brokered deposits: (Non-GAAP) | ||||||
| Total borrowings | $619,789 | $12,172 | 3.96% | $401,981 | $8,399 | 4.21% |
| Brokered deposits | 242,209 | 4,836 | 4.03% | 193,132 | 3,997 | 4.17% |
| Total borrowings and brokered deposits | $861,998 | $17,008 | 3.98% | $595,113 | $12,396 | 4.20% |
OFG Bancorp (NYSE: OFG)
Table 6-1: Loan Information and Performance Statistics
| (Dollars in thousands) (unaudited) | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|
| Net Charge-offs | |||||
| Non-PCD | |||||
| Mortgage: | |||||
| Charge-offs | — | $66 | — | — | $11 |
| Recoveries | (265) | (193) | (91) | (171) | (745) |
| Total mortgage | (265) | (127) | (91) | (171) | (734) |
| Commercial PR: | |||||
| Charge-offs | 15,225 | 75 | 6,012 | 1,446 | 273 |
| Recoveries | (173) | (52) | (1,275) | (922) | (88) |
| Total commercial PR | 15,052 | 23 | 4,737 | 524 | 185 |
| Commercial US: | |||||
| Charge-offs | 1,608 | 3,934 | 55 | 3,647 | — |
| Recoveries | (55) | — | (44) | — | — |
| Total commercial US | 1,553 | 3,934 | 11 | 3,647 | — |
| Consumer: | |||||
| Charge-offs | 7,766 | 8,819 | 9,023 | 7,704 | 6,970 |
| Recoveries | (1,112) | (1,068) | (964) | (896) | (848) |
| Total consumer | 6,654 | 7,751 | 8,059 | 6,808 | 6,122 |
| Auto: | |||||
| Charge-offs | 14,420 | 18,159 | 19,002 | 16,743 | 14,870 |
| Recoveries | (7,141) | (8,159) | (7,070) | (7,108) | (7,570) |
| Total auto | 7,279 | 10,000 | 11,932 | 9,635 | 7,300 |
| Total | $30,273 | $21,581 | $24,648 | $20,443 | $12,873 |
| PCD | |||||
| Mortgage: | |||||
| Charge-offs | — | $6 | — | — | $59 |
| Recoveries | (78) | (167) | (239) | (281) | (91) |
| Total mortgage | (78) | (161) | (239) | (281) | (32) |
| Commercial PR: | |||||
| Charge-offs | — | — | 3,223 | 205 | 31 |
| Recoveries | (1,380) | (21) | (734) | (118) | (63) |
| Total commercial PR | (1,380) | (21) | 2,489 | 87 | (32) |
| Consumer: | |||||
| Charge-offs | — | — | — | — | 1 |
| Recoveries | (13) | (6) | (6) | (10) | (11) |
| Total consumer | (13) | (6) | (6) | (10) | (10) |
| Auto: | |||||
| Charge-offs | — | — | 6 | 2 | 13 |
| Recoveries | (11) | (14) | (25) | (33) | (28) |
| Total auto | (11) | (14) | (19) | (31) | (15) |
| Total | $(1,482) | $(202) | $2,225 | $(235) | $(89) |
| Total Net Charge-offs | $28,791 | $21,379 | $26,873 | $20,208 | $12,784 |
| Net Charge-off Rates | |||||
| Mortgage | (0.10)% | (0.09)% | (0.10)% | (0.13)% | (0.22)% |
| Commercial PR | 2.01% | — | 1.11% | 0.10% | 0.02% |
| Commercial US | 0.71% | 1.85% | 0.01% | 1.74% | — |
| Consumer | 3.78% | 4.40% | 4.55% | 3.85% | 3.50% |
| Auto | 1.11% | 1.52% | 1.81% | 1.45% | 1.11% |
| Total | 1.40% | 1.05% | 1.32% | 1.00% | 0.64% |
| Average Loans Held For Investment | |||||
| Mortgage | $1,313,065 | $1,322,249 | $1,341,058 | $1,361,765 | $1,379,986 |
| Commercial PR | 2,726,998 | 2,654,345 | 2,596,971 | 2,536,829 | 2,463,009 |
| Commercial US | 876,561 | 849,850 | 834,224 | 836,527 | 786,637 |
| Consumer | 702,519 | 704,872 | 707,401 | 705,945 | 698,581 |
| Auto | 2,626,511 | 2,636,122 | 2,637,378 | 2,656,992 | 2,635,677 |
| Total | $8,245,654 | $8,167,438 | $8,117,032 | $8,098,058 | $7,963,890 |
OFG Bancorp (NYSE: OFG)
Table 6-2: Loan Information and Performance Statistics (Excludes PCD Loans)
| (Dollars in thousands) (unaudited) | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|
| Early Delinquency (30 - 89 days past due) | |||||
| Mortgage | $11,258 | $8,287 | $10,709 | $11,474 | $10,313 |
| Commercial | 6,308 | 4,309 | 2,004 | 9,423 | 3,121 |
| Consumer | 13,410 | 13,615 | 15,341 | 15,000 | 13,093 |
| Auto | 157,876 | 138,020 | 178,100 | 170,075 | 152,732 |
| Total | $188,852 | $164,231 | $206,154 | $205,972 | $179,259 |
| Early Delinquency Rates (30 - 89 days past due) | |||||
| Mortgage | 1.71% | 1.29% | 1.68% | 1.83% | 1.67% |
| Commercial | 0.18% | 0.12% | 0.06% | 0.29% | 0.09% |
| Consumer | 1.95% | 2.01% | 2.25% | 2.19% | 1.93% |
| Auto | 6.02% | 5.25% | 6.75% | 6.43% | 5.74% |
| Total | 2.51% | 2.21% | 2.80% | 2.84% | 2.46% |
| Total Delinquency (30 days and over past due) | |||||
| Mortgage: | |||||
| Traditional, Non traditional, and Loans under Loss Mitigation | $21,430 | $20,192 | $22,246 | $22,657 | $19,946 |
| GNMA's buy-back option program | 52,938 | 54,358 | 56,492 | 46,716 | 43,281 |
| Total mortgage | 74,368 | 74,550 | 78,738 | 69,373 | 63,227 |
| Commercial | 12,777 | 8,052 | 11,534 | 20,592 | 14,282 |
| Consumer | 17,139 | 17,343 | 19,519 | 18,942 | 16,839 |
| Auto | 172,395 | 152,912 | 198,779 | 185,964 | 167,653 |
| Total | $276,679 | $252,857 | $308,570 | $294,871 | $262,001 |
| Total Delinquency Rates (30 days and over past due) | |||||
| Mortgage: | |||||
| Traditional, Non traditional, and Loans under Loss Mitigation | 3.26% | 3.14% | 3.48% | 3.61% | 3.22% |
| GNMA's buy-back option program | 8.05% | 8.45% | 8.84% | 7.45% | 7.00% |
| Total mortgage | 11.30% | 11.59% | 12.32% | 11.06% | 10.22% |
| Commercial | 0.36% | 0.23% | 0.34% | 0.62% | 0.43% |
| Consumer | 2.50% | 2.56% | 2.86% | 2.76% | 2.48% |
| Auto | 6.57% | 5.81% | 7.54% | 7.03% | 6.30% |
| Total | 3.68% | 3.40% | 4.18% | 4.06% | 3.59% |
| Nonperforming Assets | |||||
| Mortgage | $16,238 | $17,921 | $17,400 | $17,426 | $15,804 |
| Commercial | 32,474 | 84,004 | 87,253 | 53,428 | 54,003 |
| Consumer | 3,798 | 3,837 | 4,378 | 4,194 | 3,790 |
| Auto | 14,580 | 14,934 | 20,750 | 15,962 | 14,968 |
| Total nonperforming loans | 67,090 | 120,696 | 129,781 | 91,010 | 88,565 |
| Foreclosed real estate | 1,675 | 2,037 | 2,490 | 3,160 | 2,603 |
| Other repossessed assets | 4,195 | 4,310 | 3,457 | 4,865 | 4,760 |
| Total nonperforming assets | $72,960 | $127,043 | $135,728 | $99,035 | $95,928 |
| Nonperforming Loan Rates | |||||
| Mortgage | 2.47% | 2.79% | 2.72% | 2.78% | 2.55% |
| Commercial | 0.91% | 2.41% | 2.55% | 1.62% | 1.62% |
| Consumer | 0.55% | 0.57% | 0.64% | 0.61% | 0.56% |
| Auto | 0.56% | 0.57% | 0.79% | 0.60% | 0.56% |
| Total loans | 0.89% | 1.62% | 1.76% | 1.25% | 1.21% |
Table 6-3: Loan Information and Performance Statistics
| (Dollars in thousands) (unaudited) | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|
| Nonperforming PCD Loans | |||||
| Mortgage | $221 | $224 | $227 | $230 | $233 |
| Commercial | — | 24 | 55 | 7,803 | 8,603 |
| Total nonperforming loans | $221 | $248 | $282 | $8,033 | $8,836 |
| Nonperforming PCD Loan Rates | |||||
| Mortgage | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| Commercial | 0.00% | 0.03% | 0.07% | 9.43% | 9.92% |
| Total | 0.03% | 0.03% | 0.03% | 0.94% | 1.00% |
| Total PCD Loans Held for Investment | |||||
| Mortgage | $709,278 | $730,629 | $751,291 | $772,808 | $795,863 |
| Commercial | 68,487 | 70,290 | 73,889 | 82,748 | 86,685 |
| Consumer | 316 | 306 | 302 | 337 | 575 |
| Auto | 66 | 75 | 89 | 119 | 160 |
| Total loans | $778,147 | $801,300 | $825,571 | $856,012 | $883,283 |
| Total Nonperforming Loans | |||||
| Mortgage | $16,459 | $18,145 | $17,627 | $17,656 | $16,037 |
| Commercial | 32,474 | 84,028 | 87,308 | 61,231 | 62,606 |
| Consumer | 3,798 | 3,837 | 4,378 | 4,194 | 3,790 |
| Auto | 14,580 | 14,934 | 20,750 | 15,962 | 14,968 |
| Total nonperforming loans | $67,311 | $120,944 | $130,063 | $99,043 | $97,401 |
| Total Nonperforming Loan Rates | |||||
| Mortgage | 1.20 | 1.32 | 1.27 | 1.26 | 1.13 |
| Commercial | 0.90 | 2.36 | 2.50 | 1.81 | 1.83 |
| Consumer | 0.55 | 0.57 | 0.64 | 0.61 | 0.56 |
| Auto | 0.56 | 0.57 | 0.79 | 0.60 | 0.56 |
| Total | 0.81 | 1.47 | 1.59 | 1.22 | 1.19 |
| Total Loans Held for Investment | |||||
| Mortgage | $1,367,206 | $1,373,629 | $1,390,346 | $1,399,856 | $1,414,567 |
| Commercial | 3,619,221 | 3,553,096 | 3,490,169 | 3,384,404 | 3,423,434 |
| Consumer | 687,199 | 677,841 | 683,548 | 686,077 | 680,635 |
| Auto | 2,623,828 | 2,630,497 | 2,636,979 | 2,646,930 | 2,661,955 |
| Total loans | $8,297,454 | $8,235,063 | $8,201,042 | $8,117,267 | $8,180,591 |
(a) Refer to “(a)” in Table 1-1.
Table 7: Allowance for Credit Losses
Quarter Ended June 30, 2026
| (Dollars in thousands) (unaudited) | Mortgage | Commercial | Consumer | Auto | Total |
|---|---|---|---|---|---|
| Allowance for credit losses Non-PCD: | |||||
| Balance at beginning of period | $6,243 | $68,408 | $32,998 | $92,462 | $200,111 |
| (Recapture of) provision for credit losses | (194) | 904 | 7,413 | 6,786 | 14,909 |
| Charge-offs | — | (16,833) | (7,766) | (14,420) | (39,019) |
| Recoveries | 265 | 228 | 1,112 | 7,141 | 8,746 |
| Balance at end of period | $6,314 | $52,707 | $33,757 | $91,969 | $184,747 |
| Allowance for credit losses PCD: | |||||
| Balance at beginning of period | $3,338 | $495 | $10 | $2 | $3,845 |
| Recapture of provision for credit losses | (273) | (1,521) | (13) | (12) | (1,819) |
| Charge-offs | — | — | — | — | — |
| Recoveries | 78 | 1,380 | 13 | 11 | 1,482 |
| Balance at end of period | $3,143 | $354 | $10 | $1 | $3,508 |
| Allowance for credit losses summary: | |||||
| Balance at beginning of period | $9,581 | $68,903 | $33,008 | $92,464 | $203,956 |
| (Recapture of) provision for credit losses | (467) | (617) | 7,400 | 6,774 | 13,090 |
| Charge-offs | — | (16,833) | (7,766) | (14,420) | (39,019) |
| Recoveries | 343 | 1,608 | 1,125 | 7,152 | 10,228 |
| Balance at end of period | $9,457 | $53,061 | $33,767 | $91,970 | $188,255 |
| Allowance coverage ratio | 0.69% | 1.47% | 4.91% | 3.51% | 2.27% |
) Refer to “(c)” in Table 1-1.
Table 8-1: Reconciliation of GAAP to Non-GAAP Measures and Calculation of Regulatory Capital In addition to disclosing required regulatory capital measures, we also report certain non-GAAP capital measures that management uses in assessing its capital adequacy. These non-GAAP measures include tangible common equity ("TCE") and TCE ratio. The table below provides the details of the calculation of our regulatory capital and non-GAAP capital measures. While our non-GAAP capital measures are widely used by investors, analysts and bank regulatory agencies to assess the capital position of financial services companies, they may not be comparable to similarly titled measures reported by other companies.
| (Dollars in thousands) (unaudited) | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|
| Stockholders' Equity to Non-GAAP Tangible Common Equity | |||||
| Total stockholders' equity | $1,407,272 | $1,366,895 | $1,390,005 | $1,375,417 | $1,334,453 |
| Less: Intangible assets | (92,124) | (93,110) | (94,096) | (95,327) | (96,559) |
| Tangible common equity (Non-GAAP) | $1,315,148 | $1,273,785 | $1,295,909 | $1,280,090 | $1,237,894 |
| Common shares outstanding at end of period | 42,265 | 42,257 | 43,257 | 44,265 | 44,742 |
| Tangible book value per common share (Non-GAAP) | $31.12 | $30.14 | $29.96 | $28.92 | $27.67 |
| Total Assets to Non-GAAP Tangible Assets | |||||
| Total assets | $12,154,572 | $12,047,903 | $12,465,657 | $12,229,812 | $12,231,510 |
| Less: Intangible assets | (92,124) | (93,110) | (94,096) | (95,327) | (96,559) |
| Tangible assets (Non-GAAP) | $12,062,448 | $11,954,793 | $12,371,561 | $12,134,485 | $12,134,951 |
| Non-GAAP TCE Ratio | |||||
| Tangible common equity | $1,315,148 | $1,273,785 | $1,295,909 | $1,280,090 | $1,237,894 |
| Tangible assets | 12,062,448 | 11,954,793 | 12,371,561 | 12,134,485 | 12,134,951 |
| TCE ratio | 10.90% | 10.66% | 10.47% | 10.55% | 10.20% |
| Average Equity to Non-GAAP Average Tangible Common Equity | |||||
| Average total stockholders' equity | $1,403,137 | $1,406,938 | $1,394,097 | $1,361,055 | $1,318,886 |
| Less: Average intangible assets | (92,471) | (93,460) | (94,528) | (95,756) | (96,983) |
| Average tangible common equity (Non-GAAP) | $1,310,666 | $1,313,478 | $1,299,569 | $1,265,299 | $1,221,903 |
Table 8-2: Reconciliation of GAAP to Non-GAAP Measures and Calculation of Regulatory Capital Measures (Continued)
| (Dollars in thousands) (unaudited) | BASEL III · Standardized · 2026Q2 | BASEL III · Standardized · 2026Q1 | BASEL III · Standardized · 2025Q4 | BASEL III · Standardized · 2025Q3 | BASEL III · Standardized · 2025Q2 |
|---|---|---|---|---|---|
| Regulatory Capital Metrics | |||||
| Common equity Tier 1 capital | $1,359,866 | $1,312,874 | $1,318,632 | $1,313,558 | $1,293,041 |
| Tier 1 capital | 1,359,866 | 1,312,874 | 1,318,632 | 1,313,558 | 1,293,041 |
| Total risk-based capital | 1,481,504 | 1,433,271 | 1,437,595 | 1,430,713 | 1,409,447 |
| Risk-weighted assets | 9,666,852 | 9,550,860 | 9,436,010 | 9,298,556 | 9,245,125 |
| Regulatory Capital Ratios | |||||
| Common equity Tier 1 capital ratio | 14.07% | 13.75% | 13.97% | 14.13% | 13.99% |
| Tier 1 risk-based capital ratio | 14.07% | 13.75% | 13.97% | 14.13% | 13.99% |
| Total risk-based capital ratio | 15.33% | 15.01% | 15.24% | 15.39% | 15.25% |
| Leverage ratio | 11.23% | 10.88% | 10.71% | 10.75% | 10.83% |
| Common Equity Tier 1 Capital Ratio Under Basel III Standardized Approach | |||||
| Total stockholders' equity | $1,407,272 | $1,366,895 | $1,390,005 | $1,375,417 | $1,334,453 |
| Plus: Unrealized losses on available-for-sale securities, net of income tax | 38,946 | 33,573 | 16,906 | 27,301 | 48,782 |
| Total adjusted stockholders’equity | 1,446,218 | 1,400,468 | 1,406,911 | 1,402,718 | 1,383,235 |
| Less: Disallowed goodwill, net | (79,321) | (79,764) | (79,700) | (79,889) | (80,079) |
| Disallowed other intangible assets, net | (7,031) | (7,729) | (8,429) | (9,271) | (10,115) |
| Disallowed deferred tax assets, net | — | (101) | (150) | — | — |
| Common equity Tier 1 capital and Tier 1 capital | 1,359,866 | 1,312,874 | 1,318,632 | 1,313,558 | 1,293,041 |
| Plus Tier 2 capital: Qualifying allowance for credit losses | 121,638 | 120,397 | 118,963 | 117,155 | 116,406 |
| Total risk-based capital | $1,481,504 | $1,433,271 | $1,437,595 | $1,430,713 | $1,409,447 |
Table 9: Notes to Financial Summary, Selected Metrics, Loans, and Consolidated Financial Statements (Tables 1 - 8)
| (1) | Total banking and financial service revenues. |
| (2) | Net interest income plus non-interest income, net (core) |
| (3) | Calculated based on net income available to common shareholders divided by average common shares outstanding for the period. |
| (4) | Calculated based on net income available to common shareholders divided by total average common shares outstanding and equivalents for the period as if converted. |
| (5) | Tangible book value per common share is a non-GAAP measure calculated based on tangible common equity divided by common shares outstanding. See "Tables 8-1 and 8-2: Reconciliation of GAAP to Non-GAAP Measures and Calculation of Regulatory Capital Measures" for additional information. |
| (6) | Information includes all loans held for investment, including PCD loans. |
| (7) | Calculated based on annualized net interest income for the period divided by average interest-earning assets for the period. |
| (8) | Calculated based on annualized income, net of tax, for the period divided by average total assets for the period. |
| (9) | Calculated based on annualized income available to common shareholders for the period divided by average tangible common equity for the period. |
| (10) | Calculated based on non-interest expense for the period divided by total net interest income and total banking and financial services revenues for the period. |
| (11) | Calculated based on annualized net charge-offs for the period divided by average loans held for investment for the period. |
| (12) | Non-GAAP ratios. See "Tables 8-1 and 8-2: Reconciliation of GAAP to Non-GAAP Measures and Calculation of Regulatory Capital Measures" for information on the calculation of each of these ratios. |
| (13) | Production of new loans (excluding renewals). |
| (14) | Most PCD loans are considered to be performing due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analyses. Therefore, they are not included as non-performing loans. PCD loan pools that are not accreting interest income are deemed to be non-performing loans and presented separately. |
| (15) | Total risk-based capital equals the sum of Tier 1 capital and Tier 2 capital. |
| (16) | Common equity Tier 1 capital ratio is a regulatory capital measure calculated based on Common equity Tier 1 capital divided by risk-weighted assets. |
| (17) | Tier 1 risk-based capital ratio is a regulatory capital measure calculated based on Tier 1 capital divided by risk-weighted assets. |
| (18) | Total risk-based capital ratio is a regulatory capital measure calculated based on Total risk-based capital divided by risk-weighted assets. |
| (19) | Leverage capital ratio is a regulatory capital measure calculated based on Tier 1 capital divided by average assets, after certain adjustments. |
| (20) | Pre-provision net revenues is a non-GAAP measure calculated based on net interest income plus total non-interest income, net, less total non-interest expenses for the period. |
| (21) | Under the GNMA program, issuers such as OFG Bancorp have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to the repurchase option are required to be reflected (rebooked) on the financial statements of the Company with an offsetting liability. |