Saturday 17 October 2026
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OFG Bancorp
OFG Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $903.9 million, up 3.48% from fiscal 2024. In the quarter to June 2026, revenue grew 2.40%, EPS grew 20.9%, free cash flow grew 41.8% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three; insiders bought in the last twelve months.
52.64
0.51
+0.98%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 4.56 | 7.80 | 8.50 | 16.12 | 8.63 | 16.00 | 24.39 | 22.34 | 33.19 | 33.15 |
Analyst estimates 2026–2028 Powerpack |
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| High | 14.48 | 13.85 | 18.65 | 24.95 | 23.74 | 27.73 | 30.93 | 38.47 | 47.66 | 46.11 | |||||
| People | |||||||||||||||
| People | Employees | 1,416 | 1,408 | 1,392 | 2,431 | 2,275 | 2,269 | 2,253 | 2,248 | 2,246 | 2,185 | ||||
| Revenue/emp, $m | 0.30 | 0.30 | 0.32 | 0.19 | 0.26 | 0.26 | 0.29 | 0.35 | 0.39 | 0.41 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 423 | 424 | 441 | 456 | 598 | 582 | 647 | 777 | 874 | 904 | ||||
| Gross margin, % | 86.50 | 90.23 | 89.89 | 88.82 | 89.14 | 92.82 | 94.83 | 88.68 | 81.47 | 80.92 | |||||
| EBT | 85 | 68 | 133 | 75 | 95 | 215 | 244 | 265 | 254 | 234 | |||||
| EBT margin, % | 20.12 | 16.05 | 30.15 | 16.49 | 15.87 | 36.85 | 37.71 | 34.13 | 29.05 | 25.90 | |||||
| Net income | 59 | 53 | 84 | 54 | 74 | 146 | 166 | 182 | 198 | 205 | |||||
| Depreciation | 37 | 20 | 21 | 19 | 15 | 17 | 21 | 24 | 23 | 25 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 9.64 | 9.66 | 9.70 | 8.89 | 11.64 | 11.43 | 13.48 | 16.45 | 18.73 | 20.29 | ||||
| Earnings | 1.03 | 0.88 | 1.59 | 0.93 | 1.32 | 2.85 | 3.46 | 3.85 | 4.25 | 4.60 | |||||
| Cash flow | 1.79 | 3.45 | 2.94 | 2.14 | 0.68 | 1.96 | 3.42 | 6.26 | 5.41 | 4.89 | |||||
| Capex | (0.12) | (0.13) | (0.22) | (0.21) | (0.30) | (0.44) | (0.55) | (0.38) | (0.89) | (0.38) | |||||
| Free cash flow | 1.67 | 3.31 | 2.72 | 1.93 | 0.38 | 1.52 | 2.88 | 5.88 | 4.52 | 4.51 | |||||
| Book value | 20.96 | 21.51 | 22.02 | 20.37 | 21.15 | 20.98 | 21.70 | 25.25 | 26.90 | 31.20 | |||||
| Shares, m | 44 | 44 | 45 | 51 | 51 | 51 | 48 | 47 | 47 | 45 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 12.84 | 10.17 | 10.35 | 25.12 | 14.15 | 9.32 | 8.00 | 9.61 | 9.93 | 8.89 | ||||
| P/S | 1.38 | 0.93 | 1.70 | 2.66 | 1.59 | 2.32 | 2.05 | 2.24 | 2.26 | 2.02 | |||||
| P/B | 0.79 | 0.51 | 0.82 | 1.27 | 0.96 | 1.27 | 1.28 | 1.46 | 1.57 | 1.31 | |||||
| EV/Sales | 0.51 | 0.10 | 0.93 | 1.04 | (1.86) | (1.07) | 1.21 | 1.49 | 1.89 | 1.30 | |||||
| EV/FCF | 2.92 | 0.28 | 3.32 | 4.79 | (56.41) | (8.04) | 5.65 | 4.08 | 7.84 | 6.54 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 79 | 151 | 133 | 110 | 35 | 100 | 164 | 296 | 253 | 218 | ||||
| Capex | (5) | (6) | (10) | (11) | (15) | (22) | (26) | (18) | (42) | (17) | |||||
| Free cash flow | 73 | 146 | 124 | 99 | 20 | 78 | 138 | 278 | 211 | 201 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (732) | (485) | (536) | (544) | 164 | (272) | (1,334) | (1,618) | (1,475) | (1,385) | ||||
| Total debt | 142 | 136 | 114 | 114 | 102 | 65 | 27 | 201 | 326 | 457 | |||||
| Net debt | (372) | (353) | (337) | (739) | (2,066) | (1,977) | (547) | (586) | (320) | (647) | |||||
| Shareholders’ equity | 920 | 945 | 1,000 | 1,045 | 1,086 | 1,069 | 1,042 | 1,193 | 1,254 | 1,390 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 0.67 | 0.61 | 1.13 | 0.60 | 0.71 | 1.47 | 1.69 | 1.72 | 1.73 | 1.71 | ||||
| ROIC | 9.71 | 7.18 | 12.52 | 20.23 | 0.00 | 0.00 | 30.82 | 27.28 | 16.97 | 19.68 | |||||
| ROE | 6.19 | 5.13 | 8.63 | 5.09 | 6.96 | 14.05 | 15.75 | 16.27 | 16.19 | 15.51 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
OFG Bancorp vs peers in Banks Regional (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SYBT Stock Yards Bancorp, Inc. | $2.4B | 15.2× | 14.5× | +11.27% (above 0%: growing) | +13.79% (above 0%: growing) | +1.75% (above 0%: growing) | 73.89% | 0.00% | Compare |
| BBT Beacon Financial Corporation | $2.3B | 15.1× | 9.7× | +99.71% (above 0%: growing) | +211.49% (above 0%: growing) | +88.09% (above 0%: growing) | 68.58% | 0.00% | Compare |
| MBIN Merchants Bancorp | $2.3B | 9.8× | 9.1× | −4.26% (below 0%: shrinking) | +146.67% (above 0%: growing) | +267.73% (above 0%: growing) | 53.63% | 0.00% | Compare |
| OFG OFG Bancorp | $2.2B | 10.3× | 9.8× | +2.40% (above 0%: growing) | +20.87% (above 0%: growing) | +41.84% (above 0%: growing) | 82.69% | 0.00% | |
| NWBI Northwest Bancshares, Inc. | $2.2B | 14.2× | 10.3× | +18.20% (above 0%: growing) | +42.31% (above 0%: growing) | +538.73% (above 0%: growing) | 75.69% | 0.00% | Compare |
| WAFD WaFd, Inc. | $2.2B | 9.1× | 10.9× | +1.80% (above 0%: growing) | +16.44% (above 0%: growing) | +33.88% (above 0%: growing) | 57.68% | 0.00% | Compare |
| EFSC Enterprise Financial Services Corporation | $2.2B | 11.8× | 11.1× | +1.34% (above 0%: growing) | −19.12% (below 0%: shrinking) | +15.23% (above 0%: growing) | 75.04% | 0.00% | Compare |
| SRCE 1st Source Corporation | $2.1B | 12.3× | 11.1× | +3.88% (above 0%: growing) | +29.14% (above 0%: growing) | +16.78% (above 0%: growing) | 75.70% | 0.00% | Compare |
| FCF First Commonwealth Financial Corporation | $2.0B | 12.4× | 11.1× | +1.44% (above 0%: growing) | +37.50% (above 0%: growing) | −98.48% (below 0%: shrinking) | 74.84% | 0.00% | Compare |
| Median of peers | $2.2B | 12.4× | 11.0× | +2.84% | +33.32% | +25.33% | 74.36% | 0.00% |
OFG Bancorp (OFG) key facts
- Strength: OFG Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $903.9 million, up 3.48% from fiscal 2024.
- OFG Bancorp (OFG) is a Banks Regional company in the Financial sector, listed on the New York Stock Exchange.
- As of October 16, 2026, OFG traded at $52.64, a market capitalization of $2.2 billion.
- OFG Bancorp pays an annual dividend of $1.35 per share, a yield of 2.56%, with a payout ratio of 26.6%.
- Return on equity was 15.5% and debt-to-equity 0.32.
- Its Piotroski F-score is 5 out of 9 for fiscal 2025.