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OFG Bancorp OFG Wealth Management — Labor and Related Expense
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Where this comes from
Reported directly by OFG Bancorp in its filing.
Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.
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 |
|---|---|---|---|---|---|---|
| (Provision for) recapture of credit losses | (13,010) | — | 4 | (13,006) | — | (13,006) |
| Non-interest income, net | 23,016 | 9,954 | 53 | 33,023 | — | 33,023 |
| Non-interest expenses [1]: | ||||||
| Compensation and employee benefits | (38,318) | (2,554) | (304) | (41,176) | — | (41,176) |
| 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) |
Cover / Front Matter
FAQ
- What is OFG Bancorp's wealth management — labor and related expense?
- OFG Bancorp (OFG) reported wealth management — labor and related expense of $2.55M in Q2 2026.
- How has OFG Bancorp's wealth management — labor and related expense changed year-over-year?
- OFG Bancorp's wealth management — labor and related expense increased by 10.1% year-over-year, from $2.32M to $2.55M.
- What is the long-term trend for OFG Bancorp's wealth management — labor and related expense?
- Over 3 years (2022 to 2025), OFG Bancorp's wealth management — labor and related expense has grown at a 4.1% compound annual growth rate (CAGR), from $9.17M to $10.35M.
- What does wealth management — labor and related expense mean?
- The total cost of compensation, benefits, and payroll-related expenses for personnel employed within the wealth management segment. This metric represents the primary operating cost for human-capital-intensive businesses like wealth management. Monitoring this helps assess the segment's operational efficiency and the scalability of its workforce.
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