Oriental Financial Group is a diversified financial holding company which offers a range of financial services in Puerto Rico and the state of Florida through its four wholly owned subsidiaries: Oriental Bank, Oriental Financial Services Corp., Oriental Insurance, Inc., and Caribbean Pension Consultants, Inc. The Company provides comprehensive banking and financial services to its clients through a complete range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial services, and investment brokerage; and corporate and individual trust and retirement services.

Type
Public
HQ
San Juan, PR
Size (employees)
1,416 (est)
OFG Bancorp is headquartered in San Juan, PR
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OFG Bancorp Office Locations

OFG Bancorp has an office in San Juan
San Juan, PR (HQ)
254 Avenida Luis Muñoz Rivera
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OFG Bancorp Financials and Metrics

OFG Bancorp Financials

OFG Bancorp's revenue was reported to be $430.69 m in FY, 2016 which is a 10.9% decrease from the previous period.
USD

Net income (Q1, 2017)

15.2 m

EBIT (Q1, 2017)

74.6 m

Market capitalization (31-Oct-2017)

391.1 m

Closing share price (31-Oct-2017)

8.5

Cash (31-Mar-2017)

480.3 m
OFG Bancorp's current market capitalization is $391.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

579.8 m563.2 m483.2 m430.7 m

Revenue growth, %

(3%)(14%)(11%)

Cost of goods sold

84 m76.8 m69.2 m57.2 m

Gross profit

495.8 m486.4 m414 m373.5 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cost of goods sold

19.8 m18.4 m17.4 m17.1 m17.4 m16.3 m14.6 m13.7 m11.6 m

General and administrative expense

8.6 m8.8 m8.6 m8.9 m8.6 m7.8 m8.1 m7.5 m7.2 m

Operating expense total

8.6 m8.8 m8.6 m8.9 m8.6 m7.8 m8.1 m7.5 m7.2 m

EBIT

106.1 m101.9 m89.6 m82.3 m89.8 m75 m73.3 m76.9 m74.6 m
Annual
USDFY, 2015FY, 2016

Cash

536.7 m510.4 m

Accounts Receivable

20.6 m20.2 m

Inventories

1.4 b

PP&E

74.6 m70.4 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

553.5 m526.2 m677.8 m517 m509.3 m480.3 m

Inventories

1.6 b1.6 b1.3 b1.3 b1.3 b1.4 b

PP&E

76.5 m75.3 m74 m72.6 m71.1 m69.8 m

Goodwill

86.1 m86.1 m86.1 m86.1 m86.1 m86.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

98.4 m85.2 m(2.5 m)59.2 m

Cash From Operating Activities

97.1 m78.5 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

21.3 m19.5 m(3 m)(6.1 m)(1.5 m)14.2 m28.5 m43.6 m15.2 m

Cash From Operating Activities

46.5 m66.8 m23.5 m31.3 m46.8 m25 m

Cash From Investing Activities

(16 m)112.3 m379.4 m394.8 m491.5 m21.7 m

Dividends Paid

(6.9 m)(10.4 m)(3.5 m)(6.9 m)(10.4 m)(3.5 m)
USDY, 2017

Financial Leverage

6.9 x
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OFG Bancorp Operating Metrics

OFG Bancorp's Total Loans was reported to be $4.1b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

53 48 48

Non-accrual Loans

$101.54 m$302.49 m$301.18 m$307.24 m$300.12 m$293.60 m$285.30 m$106.10 m$104.09 m$95.84 m$95.16 m

Total Loans

€4.83 b$4.72 b$4.64 b$4.47 b$4.43 b$4.36 b€4.37 b$4.30 b$4.15 b$4.09 b$4.09 b
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