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OFG Bancorp OFG Provision for Credit Losses

Discontinued — last reported Q2 '26

Provision for Credit Losses at other companies

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PopularBPOP
$65.87M+34.6%
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$17.33M-15.8%
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$425K
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Customers BancorpCUBI
$600K-62.5%
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-$1.01M-148%
Capital City Bank Group logo
Capital City Bank GroupCCBG
$919K+48.2%

Segments

By segment

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Banking$13.01M-40.0%
Treasury-$4K
Wealth Management$0

Other financials

Income statement

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Revenue$190.3M+4.4%
Net income$58.8M+13.5%
EPS (diluted)$1.39+20.9%

Balance sheet

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Cash & equivalents$745.7M-12.5%
Total debt$21.4M+10.4%
Total equity$1.4B+5.5%
Total assets$12.2B-0.6%

Cash flow

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Operating cash flow$53.2M+48.0%
CapEx$8.1M+96.0%
Free cash flow$45.1M+41.8%

Valuation

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Market cap$2.24B+18.5%
Enterprise value$1.51B+43.4%
P/E10.1×+0.5×
P/S+0.4×

Profitability

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Net margin29.5%+2.4pp
FCF margin27.1%-0.2pp

Returns & leverage

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Return on equity16.1%+0.9pp
Debt / equity0.0×

Where this comes from

Reported directly by OFG Bancorp in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForLoanLossesExpensed.

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 itemQuarter Ended June 30, 2026Quarter Ended June 30, 2025Six-Month Period Ended June 30, 2026Six-Month Period Ended June 30, 2025
Advances from FHLB and other borrowings4,6534,4209,2437,569
Total interest expense39,85142,41980,16482,570
Net interest income157,299151,928311,112300,999
Provision for credit losses13,00621,67835,48947,366
Net interest income after provision for credit losses144,293130,250275,623253,633
Non-interest income:
Banking service revenue17,39715,98234,34131,963
Wealth management revenue9,7278,91818,64017,373

Cover / Front Matter

FAQ

What is OFG Bancorp's provision for credit losses?
OFG Bancorp (OFG) reported provision for credit losses of $13.01M in Q2 2026.
How has OFG Bancorp's provision for credit losses changed year-over-year?
OFG Bancorp's provision for credit losses decreased by 40.0% year-over-year, from $21.68M to $13.01M.
What is the long-term trend for OFG Bancorp's provision for credit losses?
Over 4 years (2021 to 2025), OFG Bancorp's provision for credit losses has grown at a 369.6% compound annual growth rate (CAGR), from $221K to $107.51M.
What does provision for credit losses mean?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

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