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OFG Bancorp OFG Wealth Management — Information technology expenses
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Where this comes from
Reported directly by OFG Bancorp in its filing.
Tagged under the XBRL concept us-gaap:InformationTechnologyAndDataProcessing.
The source filing: OFG Bancorp’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 12:28 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001030469-26-000038
| Line item | Banking | Wealth Management | Treasury | Total Major Segments | Eliminations | Consolidated Total |
|---|---|---|---|---|---|---|
| Occupancy, equipment and infrastructure costs | (9,261) | (135) | (20) | (9,416) | — | (9,416) |
| Depreciation and amortization of premises and equipment | (4,844) | (9) | (4) | (4,857) | — | (4,857) |
| Electronic banking charges | (12,229) | — | — | (12,229) | — | (12,229) |
| Information technology expenses | (7,067) | (49) | (1) | (7,117) | — | (7,117) |
| Professional and service fees | (3,832) | (953) | (54) | (4,839) | — | (4,839) |
| Loan servicing and clearing expenses | (1,908) | (451) | (138) | (2,497) | — | (2,497) |
| Amortization of other intangible assets | (231) | — | — | (231) | — | (231) |
| Intersegment expenses | 1,062 | (594) | (468) | — | — | — |
Cover / Front Matter
FAQ
- What is OFG Bancorp's wealth management — information technology expenses?
- OFG Bancorp (OFG) reported wealth management — information technology expenses of $49K in Q2 2026.
- How has OFG Bancorp's wealth management — information technology expenses changed year-over-year?
- OFG Bancorp's wealth management — information technology expenses increased by 16.7% year-over-year, from $42K to $49K.
- What is the long-term trend for OFG Bancorp's wealth management — information technology expenses?
- Over 3 years (2022 to 2025), OFG Bancorp's wealth management — information technology expenses has grown at a -5.1% compound annual growth rate (CAGR), from $222K to $190K.
- What does wealth management — information technology expenses mean?
- Represents the costs incurred by the wealth management segment for maintaining and upgrading information technology infrastructure and software. This includes expenses related to digital platforms, cybersecurity, and data management systems essential for client service delivery. Monitoring these costs helps assess the segment's investment in digital transformation and operational efficiency.
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