OFG Bancorp

OFG Bancorp's Oriental Bank is the leader in Puerto Rico in mobile banking for retail and commercial customers. Innovations include FOTOdepósito, People Pay, and Cardless Cash. The MyStatus app tracks every step in the residential mortgage loan application process. The Oriental Biz app enables commercial accounts to check balances, transfer funds, make payments, and deposit checks.

San Juan, PR
Size (employees)
1,416 (est)-3%
OFG Bancorp is headquartered in San Juan, PR

OFG Bancorp Office Locations

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

OFG Bancorp Metrics

OFG Bancorp Financial Metrics

Revenue (2016)

$430.7 m

Revenue growth (2015-16), %


Gross profit

$373.5 m

Gross profit margin (2016), %


Net income (2016)

$59.2 m

Market capitalization (28-Apr-2017)

$514.2 m

Closing share price (28-Apr-2017)


Cash (31-Dec-2016)

$510.4 m
OFG Bancorp's current market capitalization is $514.2 m.
OFG Bancorp's revenue was reported to be $430.7 m in FY, 2016 which is a 11% decrease from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016


$579.8 m$563.2 m$483.2 m$430.7 m

Revenue growth, %


Cost of goods sold

$84 m$76.8 m$69.2 m$57.2 m

Gross profit

$495.8 m$486.4 m$414 m$373.5 m

Gross profit Margin, %


General and administrative expense

$34.4 m$34.7 m$34.2 m$31 m

Operating expense total

$264.6 m$242.7 m$248.4 m$216 m


$409.7 m$408.5 m$337.4 m$299.4 m

EBIT margin, %


Pre tax profit

$89.7 m$122.4 m($20.1 m)$85.2 m

Income tax expense

($8.7 m)$37.3 m($17.6 m)$26 m

Net Income

$98.4 m$85.2 m($2.5 m)$59.2 m
FY, 2013FY, 2014FY, 2015FY, 2016


$536.7 m$510.4 m

Accounts Receivable

$20.6 m$20.2 m



$74.6 m$70.4 m


$86.1 m$86.1 m

Total Assets

$7.1 b$6.5 b

Accounts Payable

Common Stock

$52.6 m$52.6 m

Preferred Stock

$92 m$92 m

Additional Paid-in Capital

$540.5 m$540.9 m

Retained Earnings

$148.9 m$177.8 m

Total Equity

$897.1 m$920.4 m

Financial Leverage

7.9 x7.1 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$98.4 m$85.2 m($2.5 m)$59.2 m

Accounts Receivable

$18.7 m$21.3 m$708 k$410 k


Accounts Payable

Cash From Operating Activities

$97.1 m$78.5 m

Cash From Investing Activities

$153 m$568.1 m

Dividends Paid

($13.9 m)($13.9 m)

Cash From Financing Activities

($286.8 m)($672.8 m)

Interest Paid

$67.8 m$56.3 m

Income Taxes Paid

$14 m$10.1 m

OFG Bancorp Market Value History

OFG Bancorp Company Life

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