A Business at a Glance
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OFG BANCORP
OFG
$2.3B
Mkt Cap
$52.40
-0.06%
OFG BANCORP (OFG) has a current P/E ratio of 11.4, compared to its historical median P/E of 9.3. The stock is currently considered Fair based on its historical valuation range.
OFG BANCORP (OFG) has a 5-year average return on invested capital (ROIC) of 15.4%. This indicates strong capital allocation and a potential competitive advantage.
OFG BANCORP (OFG) has a market capitalization of $2.2B. It is classified as a mid-cap stock.
Yes, OFG BANCORP (OFG) pays a dividend with a trailing twelve-month yield of 2.42%. The company also returns capital through share buybacks, with a buyback yield of 5.09%.
Based on historical P/E analysis, OFG BANCORP (OFG) appears fair. The current P/E of 11.4 is 23% above its historical median of 9.3. The estimated fair value CAGR (P/E method) is 26.0%.
OFG BANCORP (OFG) operates in the State Commercial Banks industry, within the Financials sector.
OFG BANCORP (OFG) reported annual revenue of $904 million in its most recent fiscal year, based on SEC EDGAR filings.
OFG is a financial holding company headquartered in San Juan, Puerto Rico. OFG is subject to the provisions of the U.S. Bank Holding Company Act of 1956, as amended, (the “BHC Act”) and accordingly, subject to the supervision and regulation of the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”). OFG’s principal subsidiary is Oriental Bank (the “Bank”), a Federal Deposit Insurance Corporation (“FDIC”) insured Puerto Rico commercial bank founded as a federal savings and loan in 1964. OFG provides comprehensive banking and financial services and solutions to its clients through the Bank and various other subsidiaries, including commercial, consumer, auto, and mortgage lending, financial planning, insurance sales, investment advisory and security brokerage services, as well as corporate trust services. OFG operates through three major business segments: Banking, Wealth Management, and Treasury.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 739M | 904M | 874M | 777M | 647M | 582M |
| Net Income | 213M | 205M | 198M | 182M | 166M | 145M |
| EPS | $4.90 | $4.58 | $4.23 | $3.83 | $3.44 | $2.81 |
| Free Cash Flow | 189M | 199M | 231M | 278M | 133M | 77M |
| ROIC | 0.0% | 15.5% | 16.2% | 16.3% | 15.7% | 13.4% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 7.97 | 8.17 | 8.51 | 8.42 | 8.26 |
| Dividends/Share | $1.27 | $1.20 | $1.00 | $0.88 | $0.70 | $0.40 |
| Operating Income | 0 | 234M | 254M | 265M | 244M | 215M |
| Operating Margin | 0.0% | 25.9% | 29.0% | 34.1% | 37.7% | 36.8% |
| ROE | 15.6% | 15.5% | 16.2% | 16.3% | 15.7% | 13.4% |
| Shares Outstanding | 42M | 45M | 47M | 47M | 48M | 52M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 503M | 459M | 423M | 424M | 441M | 456M | 598M | 582M | 647M | 777M | 874M | 904M | 739M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 85M | 79M | 77M | 80M | 77M | 83M | 133M | 133M | 143M | 156M | 160M | 162M | 164M |
| EBIT | 122M | -20M | 85M | 68M | 133M | 75M | 95M | 215M | 244M | 265M | 254M | 234M | 0 |
| Op. Margin | 24.4% | -4.4% | 20.1% | 16.0% | 30.1% | 16.5% | 15.9% | 36.8% | 37.7% | 34.1% | 29.0% | 25.9% | 0.0% |
| Net Income | 71M | -16M | 45M | 39M | 72M | 47M | 68M | 145M | 166M | 182M | 198M | 205M | 213M |
| Net Margin | 14.2% | -3.6% | 10.7% | 9.1% | 16.4% | 10.4% | 11.3% | 24.9% | 25.7% | 23.4% | 22.7% | 22.7% | 28.9% |
| Non-Recurring | -25K | 0 | -48K | -569K | 0 | 24M | 16M | 0 | 0 | 0 | 0 | -6.1M | -6.1M |
| Returns on Capital | |||||||||||||
| ROIC | 7.8% | -1.8% | 5.0% | 4.2% | 7.4% | 4.6% | 6.4% | 13.4% | 15.7% | 16.3% | 16.2% | 15.5% | 0.0% |
| ROE | 7.8% | -1.8% | 5.0% | 4.2% | 7.4% | 4.6% | 6.4% | 13.4% | 15.7% | 16.3% | 16.2% | 15.5% | 15.6% |
| ROA | 0.9% | -0.2% | 0.7% | 0.6% | 1.1% | 0.6% | 0.7% | 1.5% | 1.7% | 1.7% | 1.7% | 1.7% | 1.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 175M | 97M | 79M | 151M | 133M | 110M | 35M | 100M | 164M | 296M | 253M | 218M | 208M |
| Free Cash Flow | 167M | 92M | 73M | 145M | 122M | 97M | 20M | 77M | 133M | 278M | 231M | 199M | 189M |
| Owner Earnings | 162M | 85M | 66M | 140M | 122M | 98M | 9.0M | 70M | 136M | 270M | 224M | 191M | 182M |
| CapEx | 7.9M | 5.3M | 5.3M | 6.5M | 11M | 13M | 15M | 23M | 31M | 18M | 21M | 18M | 18M |
| Maint. CapEx | 12M | 11M | 11M | 10M | 10M | 9.7M | 24M | 24M | 24M | 20M | 21M | 20M | 20M |
| Growth CapEx | 0 | 0 | 0 | 0 | 1.3M | 3.3M | 0 | 0 | 6.7M | 0 | 462K | 0 | 0 |
| D&A | 12M | 11M | 11M | 10M | 10M | 9.7M | 24M | 24M | 24M | 20M | 21M | 20M | 20M |
| CapEx/OCF | 4.5% | 5.4% | 6.7% | 4.3% | 8.6% | 11.8% | 43.7% | 23.0% | 18.8% | 6.0% | 8.4% | 8.4% | 8.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 14M | 18M | 10M | 11M | 13M | 14M | 14M | 20M | 30M | 41M | 46M | 52M | 53M |
| Dividend Yield | 2.4% | 4.3% | 3.1% | 2.8% | 2.2% | 1.6% | 2.2% | 1.9% | 2.5% | 3.2% | 2.5% | 2.8% | 2.4% |
| Share Buybacks | 17M | 8.9M | 0 | 0 | 0 | 0 | 2.2M | 50M | 64M | 19M | 70M | 92M | 113M |
| Buyback Yield | 2.8% | 3.2% | N/A | N/A | N/A | N/A | 0.3% | 4.0% | 5.3% | 1.1% | 3.6% | 4.9% | 5.1% |
| Stock-Based Comp | 1.0M | 1.6M | 1.3M | 1.1M | 1.4M | 2.1M | 2.2M | 6.2M | 4.2M | 5.0M | 7.2M | 6.2M | 6.0M |
| Debt Repayment | 0 | 0 | 1.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -534M | -757M | -1.1B | -1.3B | -1.1B | -554M | N/A | N/A | N/A | N/A | N/A | N/A | -641M |
| Cash & Equiv. | 573M | 540M | 513M | 488M | 450M | 853M | 2.2B | 2.0B | 550M | 748M | 591M | 1.0B | 641M |
| Long-Term Debt | 0 | N/A | 61K | 153K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 1.51 | 1.53 | 0.86 | 0.35 | 0.57 | 0.29 | 8.05 | 8.26 | 8.42 | 8.51 | 8.17 | 7.97 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 942M | 897M | 920M | 945M | 1000M | 1.0B | 1.1B | 1.1B | 1.0B | 1.2B | 1.3B | 1.4B | 1.4B |
| Total Assets | 7.4B | 7.1B | 6.5B | 6.2B | 6.6B | 9.3B | 9.8B | 9.9B | 9.8B | 11.3B | 11.5B | 12.5B | 12.0B |
| Total Liabilities | 6.5B | 6.2B | 5.6B | 5.2B | 5.6B | 8.3B | 8.7B | 8.8B | 8.8B | 10.2B | 10.2B | 11.1B | 10.7B |
| Intangibles | 9.7M | 7.8M | 6.2M | 4.7M | 3.4M | 57M | 46M | 36M | 28M | 21M | 15M | 9.9M | 8.9M |
| Retained Earnings | 181M | 149M | 178M | 201M | 253M | 280M | 300M | 400M | 516M | 639M | 772M | 905M | 938M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.50 | -0.37 | 1.03 | 0.88 | 1.52 | 0.92 | 1.32 | 2.81 | 3.44 | 3.83 | 4.23 | 4.58 | 4.90 |
| Owner EPS | 3.40 | 1.91 | 1.50 | 3.17 | 2.56 | 1.90 | 0.18 | 1.36 | 2.81 | 5.69 | 4.79 | 4.27 | 4.30 |
| Book Value | 19.82 | 20.28 | 20.92 | 21.44 | 21.00 | 20.32 | 21.14 | 20.73 | 21.57 | 25.13 | 26.77 | 31.04 | 32.35 |
| Cash Flow/Share | 3.68 | 2.19 | 1.78 | 3.44 | 2.80 | 2.13 | 0.68 | 1.94 | 3.40 | 6.23 | 5.39 | 4.86 | 5.53 |
| Dividends/Share | 0.34 | 0.36 | 0.24 | 0.24 | 0.25 | 0.28 | 0.28 | 0.40 | 0.70 | 0.88 | 1.00 | 1.20 | 1.27 |
| Shares Out. | 47.5M | 44.2M | 44.0M | 44.1M | 47.6M | 51.4M | 51.4M | 51.6M | 48.3M | 47.5M | 46.8M | 44.8M | 42.3M |
| Valuation | |||||||||||||
| P/E Ratio | 8.5 | N/A | 10.8 | 8.8 | 9.1 | 22.2 | 12.1 | 8.6 | 7.3 | 9.4 | 9.9 | 9.1 | 10.7 |
| P/FCF | 3.6 | 3.0 | 6.7 | 2.3 | 5.4 | 10.9 | 41.8 | 16.1 | 9.1 | 6.2 | 8.5 | 9.4 | 11.7 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 0.6 | 0.3 | 0.5 | 0.4 | 0.7 | 1.0 | 0.8 | 1.2 | 1.2 | 1.4 | 1.6 | 1.3 | 1.6 |
| Price/Sales | 1.4 | 1.1 | 0.9 | 1.0 | 1.5 | 2.3 | 1.3 | 2.0 | 2.0 | 1.9 | 2.5 | 2.5 | 3.0 |
| FCF Yield | 27.4% | 33.3% | 15.0% | 42.7% | 18.5% | 9.2% | 2.4% | 6.2% | 11.0% | 16.2% | 11.7% | 10.7% | 8.6% |
| Market Cap | 609M | 276M | 488M | 339M | 659M | 1.0B | 822M | 1.2B | 1.2B | 1.7B | 2.0B | 1.9B | 2.2B |
| Avg. Price | 12.48 | 9.45 | 7.37 | 8.66 | 12.10 | 17.87 | 12.98 | 20.57 | 24.82 | 27.29 | 38.31 | 41.28 | 52.40 |
| Year-End Price | 12.81 | 6.23 | 11.08 | 7.70 | 13.85 | 20.39 | 16.01 | 24.04 | 25.02 | 36.11 | 42.04 | 41.75 | 52.40 |
OFG BANCORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
OFG BANCORP trades at 11.4x trailing earnings, compared to its 15-year median P/E of 9.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 11.3x vs a median of 8.8x. The company's 5-year average ROIC is 15.4%. Total shareholder yield (dividends + buybacks) is 7.5%. At current prices, the estimated annualized return to fair value is +28.6%.
OFG BANCORP (OFG) has a net profit margin of 22.7%. This is a strong margin indicating high profitability.
OFG BANCORP (OFG) generated $199 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
OFG BANCORP (OFG) has a debt-to-equity ratio of 7.97. This indicates higher leverage, which may increase financial risk.
OFG BANCORP (OFG) reported earnings per share (EPS) of $4.58 in its most recent fiscal year.
OFG BANCORP (OFG) has a return on equity (ROE) of 15.5%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 17 years of financial data for OFG BANCORP (OFG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
OFG BANCORP (OFG) has a book value per share of $31.04, based on its most recent annual SEC filing.