OFG Bancorp OFG Acquired standby letters of credit and financial guarantees
Acquired standby letters of credit and financial guarantees at other companies
Other financials
Where this comes from
Reported directly by OFG Bancorp in its filing.
Tagged under the XBRL concept ofg:AcquiredStandbyLettersOfCreditAndFinancialGuarantees.
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 acquired standby letters of credit and financial guarantees?
- OFG Bancorp (OFG) reported acquired standby letters of credit and financial guarantees of $25.9M in Q1 2026.
- How has OFG Bancorp's acquired standby letters of credit and financial guarantees changed year-over-year?
- OFG Bancorp's acquired standby letters of credit and financial guarantees increased by 2.4% year-over-year, from $25.3M to $25.9M.
- What is the long-term trend for OFG Bancorp's acquired standby letters of credit and financial guarantees?
- Over 5 years (2020 to 2025), OFG Bancorp's acquired standby letters of credit and financial guarantees has grown at a 6.0% compound annual growth rate (CAGR), from $19.5M to $26.1M.
- What does acquired standby letters of credit and financial guarantees mean?
- This represents the off-balance sheet credit exposure acquired through business combinations, specifically standby letters of credit and financial guarantees. It measures the potential future obligations the bank has assumed to support the creditworthiness of its acquired clients. Monitoring this is critical for assessing the credit risk profile inherited from acquired portfolios.