OFG BANCORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data OFG BANCORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue				0	0	0	0	0
Interest expense	57.2	41.5	44.5	51	64.9	41.8	33.5	88
Pre-tax income	85.2	68.1	133	75.3	94.8	215	244	265	254	234
Income tax	26	15.4	48.4	21.4	20.5	68.5	77.9	83.4	55.6	29
Net income	59.2	52.6	84.4	53.8	74.3	146	166	182	198	205
EPS, basic	1.03	0.88	1.59	0.92	1.32	2.85	3.46	3.85	4.25	4.60
EPS, diluted	1.03	0.88	1.52	0.92	1.32	2.81	3.44	3.83	4.23	4.58
Shares, basic (weighted)	43.9	43.9	45.4	51.3	51.4	51	48	47.3	46.6	44.6
Shares, diluted (weighted)	51.1	51.1	51.3	51.7	51.6	51.4	48.4	47.6	46.9	44.8
Dividend per share	0.24	0.24	0.25	0.28	0.28	0.40	0.70	0.88	1.00	1.20

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	510	485	447	851	2,154	2,023	550	748	591	1,040
Property, plant and equipment	70.4	67.9	68.9	81.1	83.8	92.1	107	104	105	93.6
Lease right-of-use assets			0	39.1	31.4	28.8	25.4	21.7	19.2	21.3
Goodwill	86.1	86.1	86.1	86.1	86.1	86.1	84.2	84.2	84.2	84.2
Intangible assets			3.37	57	45.9	36.1	27.6	20.7	14.8	9.85
Total assets	6,502	6,189	6,583	9,298	9,826	9,900	9,819	11,344	11,501	12,466
Total liabilities	5,581	5,244	5,583	8,252	8,740	8,831	8,776	10,151	10,246	11,076
Total debt	795	329	570	306
Paid-in capital	541	542	619	622	623	637	637	639	640	643
Retained earnings	178	201	253	280	300	400	516	639	772	905
Treasury stock	-105	-105	-104	-102	-103	-151	-211	-228	-297	-389
Other comprehensive income	1.6	-2.95	-11	-1.01	11	5.16	-93.4	-67	-89.8	-16.9
Shareholders' equity	920	945	1,000	1,045	1,086	1,069	1,042	1,193	1,254	1,390
Total equity	920	945	1,000	1,045	1,086	1,069	1,042	1,193	1,254	1,390
Total liabilities and equity	6,502	6,189	6,583	9,298	9,826	9,900	9,819	11,344	11,501	12,466
Shares outstanding	43.9	43.9	51.3	51.4	51.4	49.6	47.6	47.1	45.4	43.3

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	59.2	52.6	84.4	53.8	74.3	146	166	182	198	205
Depreciation and amortization	9.4	9	8.9	8.5	12.7	14.1	15.8	20.4	20.9	20.5
Stock-based compensation	1.27	1.11	1.4	2.13	2.17	6.25	4.19	5	7.17	6.24
Deferred income tax	23.2	-3.66	14.8	-4.07	27.8	63.6	61.1	67.3	21.6	-154
Cash from operations	78.5	151	133	110	35	100	164	296	253	218
Capital expenditures	-5.3	-6.47	-11.5	-13	-15.3	-23.1	-31	-17.9	-21.3	-18.4
Acquisitions					-0.4	0	0
Purchases of investments				-1.73	-158	-29.1	-1,267	-1,035	-1,326	-527
Sales and maturities of investments	146	105	121	166	570	102	133	274	991	526
Cash from investing	568	187	-489	842	758	-183	-1,513	-1,405	-336	-438
Debt repaid	-1.7
Stock issued			0.51	1.29	0.58	0.28
Share buybacks	0	0	0	0	-2.23	-49.9	-64.1	-18.7	-70.3	-91.6
Dividends paid	-10.1	-10.6	-12.8	-14.4	-14.4	-19.7	-30.1	-41	-45.6	-51.9
Cash from financing	-673	-364	317	-549	510	-49	-125	1,307	-73.6	670
Net change in cash	-26.3	-25.2	-38.2	403	1,303	-132	-1,473	198	-157	449
Free cash flow	73.2	145	122	96.7	19.7	77	133	278	231	199
Interest paid	56.3	40.6	41.3	41.3	56.4	35.3	27	79.7	157	165
Income taxes paid	10.1	0.03	17.8	39.4	6.26	2.79	5.13	15	40.1	81.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $51.94 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	12.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	15.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.8%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	3.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	7.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	22.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	8.3%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	10.0%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	28.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-13.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	9.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	44.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-13.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	14.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	58.9%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	20.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	19.7%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	33.8%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	10.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	10.1%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	5.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	8.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	8.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	4.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-4.6%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-2.6%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-2.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	88.4%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.8%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.32B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	91.9%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	9.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$5.20	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$4.78	Free cash flow / diluted weighted shares.
Operating cash flow per share	$5.31	Cash from operations / diluted weighted shares.
Book value per share	$33.30	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$31.12	Tangible book value / shares outstanding.
Cash per share	$17.64	(Cash + short-term investments) / shares outstanding.
Payout ratio	24.9%	Dividends paid / net income, when net income is positive.
Dividends / FCF	27.0%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	51.8%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.20B	Share price x shares outstanding.
Enterprise value	$1.45B	Market cap + total debt - cash - short-term investments.
P/E	9.96x	Market cap / net income. Only when net income is positive.
P/B	1.56x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.67x	Market cap / tangible book value, when positive.
P/FCF	10.8x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.76x	Market cap / cash from operations, when positive.
EV/FCF	7.15x	Enterprise value / free cash flow, when both are positive.
FCF yield	9.2%	Free cash flow / market cap.
Earnings yield	10.0%	Net income / market cap (the inverse of P/E).
Dividend yield	2.5%	Dividends paid over the period / market cap.
Shareholder yield	7.3%	(Dividends paid + share buybacks) / market cap.
PEG	0.99x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was OFG BANCORP profitable in fiscal 2025?

Yes. Net income was $205.1M, a net margin of -.

How much free cash flow did OFG BANCORP generate in fiscal 2025?

Cash from operations of $217.7M minus capital expenditures of $18.4M left free cash flow of $199.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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