What is OFG Bancorp's allowance for credit losses?

OFG Bancorp (OFG) reported allowance for credit losses of $203.96M in Q1 2026.

How has OFG Bancorp's allowance for credit losses changed year-over-year?

OFG Bancorp's allowance for credit losses increased by 12.6% year-over-year, from $181.17M to $203.96M.

What does allowance for credit losses mean?

Reserve held against the loan portfolio for estimated future credit losses under the CECL methodology — a contra-asset reducing net loans.

OFG Bancorp OFG Allowance for credit losses

Allowance for credit losses at other companies

PopularBPOP

$14.55M+2.7%

First BanCorpFBP

$245.06M-0.9%

First Busey CorporationBUSE

$169.05M-13.4%

Bank of HawaiiBOH

$146.96M-0.5%

Stock Yards BancorpSYBT

$93.6M+5.4%

Old National BancorpONB

$574.36M+42.9%

Other financials

Income statement

See full

Revenue$186.0M+4.1%

Net income$53.9M+18.4%

EPS (diluted)$1.26+26.0%

Balance sheet

See full

Cash & equivalents$636.5M-10.4%

Total debt$22.1M+6.2%

Total equity$1.4B+5.5%

Total assets$12.0B+2.7%

Cash flow

See full

Operating cash flow$73.1M-12.0%

CapEx$4.4M+0.1%

Free cash flow$68.8M-12.6%

Valuation

See full

Market cap$2.03B-5.5%

Enterprise value$1.42B-2.2%

P/E9.5×-1.6×

P/S2.8×-0.3×

Profitability

See full

Net margin28.9%+1.8pp

FCF margin25.6%-10.0pp

Returns & leverage

See full

Return on equity16%+0.6pp

Debt / equity0×0.0×

Where this comes from

Reported directly by OFG Bancorp in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest.

The official record: OFG Bancorp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is OFG Bancorp's allowance for credit losses?: OFG Bancorp (OFG) reported allowance for credit losses of $203.96M in Q1 2026.
How has OFG Bancorp's allowance for credit losses changed year-over-year?: OFG Bancorp's allowance for credit losses increased by 12.6% year-over-year, from $181.17M to $203.96M.
What does allowance for credit losses mean?: Reserve held against the loan portfolio for estimated future credit losses under the CECL methodology — a contra-asset reducing net loans.