OFG Bancorp OFG Commercial letters of credit
Commercial letters of credit at other companies
Other financials
Where this comes from
Reported directly by OFG Bancorp in its filing.
Tagged under the XBRL concept ofg:CommercialLettersCredit.
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 commercial letters of credit?
- OFG Bancorp (OFG) reported commercial letters of credit of $74K in Q1 2026.
- How has OFG Bancorp's commercial letters of credit changed year-over-year?
- OFG Bancorp's commercial letters of credit decreased by 96.8% year-over-year, from $2.31M to $74K.
- What is the long-term trend for OFG Bancorp's commercial letters of credit?
- Over 5 years (2020 to 2025), OFG Bancorp's commercial letters of credit has grown at a 0.5% compound annual growth rate (CAGR), from $225K to $231K.
- What does commercial letters of credit mean?
- This reflects the total value of commercial letters of credit issued by the bank to facilitate trade and business transactions for clients. These instruments guarantee payment to a third party upon the fulfillment of specific contractual conditions. It serves as a measure of the bank's role in supporting commercial trade and its associated contingent credit risk.