The bank maintains a stable capital structure with an equity-to-assets ratio of 0.11, though total assets are heavily weighted toward a $10.8 billion investment securities portfolio as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 |
|---|
| Cash & Short Term Investments | 7.77B | 1.04B | 2.93B | 2.85B | 1.96B | 2.53B | 2.6B | 1.93B | 1.29B | 1.13B | 1.26B | 1.51B | 1.79B | 2.21B | 3.06B | 3.55B | 448.95M | 277.27M | 14.37M | 22.86M | 20.34M | 0 | 44.89M | 11.29M | 11.51M | 9.28M | 5.42M | 10.32M | 8.1M | 15.6M | 26M |
| Cash & Due from Banks | 636.5M | 1.04B | 591.14M | 748.17M | 550.31M | 2.02B | 2.15B | 851.31M | 450.06M | 488.23M | 513.47M | 540.06M | 573.43M | 621.27M | 869.01M | 591.49M | 448.95M | 277.12M | 14.37M | 22.86M | 20.34M | 0 | 44.89M | 11.29M | 11.51M | 9.28M | 5.42M | 10.32M | 8.1M | 15.6M | 26M |
| Short Term Investments | 500K | 23K | 2.34B | 2.1B | 1.41B | 510.71M | 446.44M | 1.07B | 841.86M | 645.8M | 751.48M | 974.61M | 1.22B | 1.59B | 2.19B | 2.96B | 0 | 150K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 10.83B | 2.84B | 10.35B | 10.09B | 8.69B | 7.23B | 6.96B | 7.72B | 5.7B | 5.21B | 5.5B | 6.03B | 6.21B | 6.63B | 7.37B | 5.52B | 6.2B | 6.11B | 5.16B | 5.81B | 4.21B | 0 | 4.08B | 3.23B | 2.71B | 2.38B | 1.63B | 1.7B | 1.48B | 1.09B | 938.1M |
| Investments Growth % | -58.22% | -72.54% | 2.63% | 16.03% | 20.34% | 3.81% | -9.81% | 35.41% | 9.4% | -5.3% | -8.81% | -2.93% | -6.25% | -10.11% | 33.6% | -10.99% | 1.51% | 18.28% | -11.1% | 37.96% | - | -100% | 26.26% | 19.04% | 13.82% | 45.83% | -4.1% | 14.83% | 36.6% | 15.85% | 15.87% |
| Long-Term Investments | 30B | 2.84B | 8.02B | 7.99B | 7.28B | 6.71B | 6.51B | 6.64B | 4.86B | 4.56B | 4.75B | 5.06B | 5B | 5.04B | 5.18B | 2.56B | 6.2B | 6.11B | 5.16B | 5.81B | 4.21B | 0 | 4.08B | 3.23B | 2.71B | 2.38B | 1.63B | 1.7B | 1.48B | 1.09B | 938.1M |
| Accounts Receivables | 165.7M | 161.97M | 71.67M | 71.4M | 62.4M | 56.56M | 65.55M | 37.12M | 34.25M | 49.97M | 20.23M | 20.64M | 21.34M | 18.73M | 14.65M | 20.18M | 28.72M | 33.66M | 43.91M | 52.31M | 27.94M | 0 | 23.73M | 19.34M | 17.26M | 15.7M | 16.76M | 13.48M | 15.5M | 13.4M | 12.4M |
| Goodwill & Intangibles | 93.11M | 94.1M | 169.46M | 154.46M | 162.75M | 171.13M | 179.26M | 193.81M | 100.15M | 100.58M | 102.09M | 101.36M | 109.8M | 111.78M | 111.35M | 14.34M | 0 | 0 | 0 | 0 | 0 | 2.01M | 23.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 84.24M | 84.24M | 84.24M | 84.24M | 84.24M | 86.07M | 86.07M | 86.07M | 86.07M | 86.07M | 86.07M | 86.07M | 86.07M | 86.07M | 86.07M | 2.7M | 0 | 0 | 0 | 0 | 0 | 2.01M | 23.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 8.87M | 9.86M | 85.22M | 70.21M | 78.51M | 85.07M | 93.19M | 107.74M | 14.09M | 14.51M | 16.02M | 15.29M | 23.73M | 25.71M | 25.29M | 11.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 113.01M | 93.55M | 123.71M | 125.83M | 132.18M | 120.97M | 115.17M | 120.22M | 68.89M | 67.86M | 70.41M | 74.59M | 80.6M | 82.9M | 85M | 21.52M | 23.94M | 19.77M | 21.18M | 21.78M | 20.15M | 14.83M | 15.27M | 18.5M | 17.95M | 17.99M | 21.44M | 21.71M | 21.7M | 19.5M | 19.4M |
| Other Assets | -10.83B | 8.11B | 112.33M | 88.26M | 106.02M | 142.35M | 128.09M | 149.05M | 108.65M | 135.58M | 151.29M | 169.87M | 303.91M | 533.21M | 588.79M | 461.42M | 577.79M | 79.74M | 961.33M | 93.38M | 92.64M | -31.73M | 84.07M | 64.59M | 45.17M | 62.04M | 69.49M | 99.95M | 50.82M | 67.2M | 72.7M |
| Total Current Assets | 802.7M | 1.22B | 3.07B | 2.98B | 2.08B | 2.65B | 2.73B | 2.02B | 1.34B | 1.19B | 1.3B | 1.55B | 1.85B | 2.25B | 3.12B | 3.61B | 477.66M | 310.93M | 58.28M | 75.17M | 48.28M | 118.91M | 68.63M | 30.63M | 28.76M | 24.98M | 22.18M | 23.81M | 23.56M | 29M | 38.4M |
| Total Non-Current Assets | 326.55M | 11.24B | 8.43B | 8.36B | 7.74B | 7.25B | 7.1B | 7.28B | 5.25B | 4.99B | 5.2B | 5.55B | 5.6B | 5.91B | 6.09B | 3.09B | 6.83B | 6.24B | 6.15B | 5.92B | 4.32B | 0 | 4.18B | 3.31B | 2.78B | 2.46B | 1.73B | 1.83B | 1.56B | 1.17B | 1.03B |
| Total Assets | 12.05B | 12.47B | 11.5B | 11.34B | 9.82B | 9.9B | 9.83B | 9.3B | 6.58B | 6.19B | 6.5B | 7.1B | 7.45B | 8.14B | 9.19B | 6.69B | 7.31B | 6.55B | 6.21B | 6B | 4.37B | 4.53B | 4.25B | 3.34B | 2.81B | 2.49B | 1.75B | 1.85B | 1.59B | 1.2B | 1.07B |
| Asset Growth % | 26.45% | 8.39% | 1.38% | 15.54% | -0.82% | 0.75% | 5.68% | 41.23% | 6.37% | -4.81% | -8.41% | -4.7% | -8.48% | -11.47% | 37.35% | -8.47% | 11.63% | 5.56% | 3.43% | 37.18% | -3.55% | 6.68% | 27.1% | 19.2% | 12.71% | 42.4% | -5.53% | 16.56% | 32% | 12.53% | 21.79% |
| Return on Assets (ROA) | 1.74% | 1.71% | 1.73% | 1.72% | 1.69% | 1.48% | 0.78% | 0.68% | 1.32% | 0.83% | 0.87% | -0.03% | 1.09% | 1.14% | 0.31% | 0.49% | 0.14% | 0.36% | 0.44% | 0.8% | -0.11% | 0.77% | 1.57% | 1.94% | 1.94% | 1.81% | 0.47% | 1.14% | 1.91% | 1.88% | 1.71% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115K | 22.95M | 0 | 0 | 0 | 0 | 0 | 0 | 1.98M | 2.08M | 1.62M | 4.28M | 4.83M | 5.66M | 0 | 0 |
| Total Debt | 578.75M | 580.46M | 422.56M | 224.8M | 54.4M | 95.07M | 134.92M | 345.4M | 570.42M | 328.75M | 795.35M | 1.37B | 1.42B | 1.71B | 2.49B | 3.49B | 3.92B | 4.03B | 3.8B | 4.26B | 2.78B | 2.83B | 2.82B | 1.99B | 1.6B | 1.31B | 926.3M | 972.99M | 771.13M | 549.7M | 452.7M |
| Net Debt | -57.74M | -459.87M | -168.57M | -523.37M | -495.9M | -1.93B | -2.02B | -505.91M | 123.39M | -156.46M | 284.92M | 834.83M | 846.58M | 1.09B | 1.62B | 2.89B | 3.47B | 3.75B | 3.78B | 4.23B | 2.76B | 2.83B | 2.77B | 1.98B | 1.59B | 1.3B | 920.88M | 962.67M | 763.07M | 534.1M | 426.7M |
| Long-Term Debt | 456.58M | 456.59M | 325.95M | 200.77M | 27.03M | 64.57M | 102.35M | 115.29M | 114.92M | 135.88M | 141.6M | 436.84M | 439.92M | 439.82M | 699.21M | 429.67M | 281.75M | 281.75M | 36.08M | 36.08M | 233.57M | 162.17M | 387.17M | 87.17M | 50M | 50M | 80M | 86.5M | 106.5M | 114.8M | 115M |
| Short-Term Debt | 100.09M | 100.71M | 75.22M | 0 | 0 | 0 | 0 | 190.27M | 455.51M | 192.87M | 653.76M | 934.69M | 980.09M | 1.27B | 1.79B | 3.06B | 3.64B | 3.75B | 3.76B | 4.22B | 2.55B | 2.67B | 2.43B | 1.91B | 1.55B | 1.26B | 846.3M | 886.49M | 664.63M | 434.9M | 337.7M |
| Other Liabilities | 10.1B | 0 | 178.3M | 141.56M | 28.61M | 36.13M | 35.06M | 22.51M | 17.27M | 28.93M | 26.2M | 20.74M | 29.21M | 37.98M | 53.26M | 47.31M | 64K | 413.36M | 361.71M | 137.12M | 19.51M | -164.84M | -161.02M | 48.84M | 61.87M | 42.6M | 44.35M | 35.69M | 37.48M | 20.4M | 29M |
| Total Current Liabilities | 100.09M | 10.6B | 9.68B | 9.76B | 8.69B | 8.7B | 8.57B | 8.07B | 5.45B | 5.08B | 5.41B | 5.74B | 6.04B | 6.8B | 7.6B | 5.52B | 6.3B | 5.53B | 5.55B | 5.47B | 3.78B | 2.91B | 3.68B | 2.98B | 2.5B | 2.23B | 1.51B | 1.61B | 1.32B | 966M | 835.2M |
| Total Non-Current Liabilities | 10.58B | 479.75M | 566.36M | 388.8M | 83.01M | 131.2M | 169.98M | 177.64M | 132.19M | 164.8M | 167.8M | 457.59M | 469.13M | 477.8M | 752.46M | 476.98M | 281.75M | 695.11M | 397.8M | 173.21M | 253.08M | 0 | 226.15M | 136.01M | 111.87M | 92.6M | 124.35M | 122.19M | 143.98M | 135.2M | 144M |
| Total Liabilities | 10.68B | 11.08B | 10.25B | 10.15B | 8.78B | 8.83B | 8.74B | 8.25B | 5.58B | 5.24B | 5.58B | 6.2B | 6.51B | 7.25B | 8.33B | 6B | 6.58B | 6.22B | 5.94B | 5.64B | 4.04B | 4.19B | 3.91B | 3.12B | 2.61B | 2.32B | 1.64B | 1.73B | 1.46B | 1.1B | 979.2M |
| Total Equity | 1.37B | 1.39B | 1.25B | 1.19B | 1.04B | 1.07B | 1.09B | 1.05B | 999.88M | 945.11M | 920.41M | 897.08M | 942.2M | 884.91M | 863.61M | 695.55M | 732.33M | 330.17M | 261.32M | 359.46M | 336.43M | 341.79M | 341.17M | 223.52M | 193.58M | 166.43M | 110.11M | 117.87M | 116.3M | 101.3M | 89.4M |
| Equity Growth % | 29.38% | 10.81% | 5.1% | 14.49% | -2.5% | -1.55% | 3.87% | 4.56% | 5.8% | 2.68% | 2.6% | -4.79% | 6.47% | 2.47% | 24.16% | -5.02% | 121.81% | 26.35% | -27.3% | 6.85% | -1.57% | 0.18% | 52.64% | 15.47% | 16.31% | 51.15% | -6.59% | 1.35% | 14.81% | 13.31% | 11.89% |
| Equity / Assets (Capital Ratio) | 11.35% | 11.15% | 10.91% | 10.52% | 10.62% | 10.8% | 11.05% | 11.24% | 15.19% | 15.27% | 14.16% | 12.64% | 12.65% | 10.87% | 9.39% | 10.39% | 10.01% | 5.04% | 4.21% | 5.99% | 7.69% | 7.54% | 8.03% | 6.68% | 6.9% | 6.69% | 6.3% | 6.37% | 7.33% | 8.42% | 8.37% |
| Return on Equity (ROE) | 15.62% | 15.51% | 16.19% | 16.27% | 15.75% | 13.56% | 6.97% | 5.26% | 8.68% | 5.64% | 6.51% | -0.27% | 9.32% | 11.26% | 3.15% | 4.83% | 1.85% | 7.76% | 8.63% | 11.86% | -1.51% | 9.91% | 21.13% | 28.63% | 28.51% | 27.81% | 7.43% | 16.71% | 24.45% | 22.44% | 19.61% |
| Book Value per Share | 31.82 | 29.35 | 26.74 | 25.10 | 21.52 | 20.81 | 21.06 | 20.21 | 19.47 | 18.50 | 18.02 | 17.43 | 18.01 | 16.69 | 19.06 | 15.62 | 19.89 | 13.58 | 10.70 | 14.75 | 13.64 | 13.61 | 13.29 | 8.49 | 7.05 | 7.64 | 5.24 | 5.38 | 5.31 | 4.63 | 4.08 |
| Tangible BV per Share | 29.65 | 27.36 | 23.13 | 21.85 | 18.16 | 17.48 | 17.59 | 16.47 | 17.52 | 16.53 | 16.02 | 15.46 | 15.91 | 14.58 | 16.60 | 15.30 | 19.89 | 13.58 | 10.70 | 14.75 | 13.64 | 13.53 | 12.36 | 8.49 | 7.05 | 7.64 | 5.24 | 5.38 | 5.31 | 4.63 | 4.08 |
| Common Stock | 59.88M | 59.88M | 59.88M | 59.88M | 59.88M | 59.88M | 59.88M | 59.88M | 59.88M | 52.63M | 52.63M | 52.63M | 52.63M | 52.71M | 52.67M | 47.81M | 47.81M | 25.74M | 25.74M | 25.56M | 25.43M | 25.35M | 25.1M | 20.03M | 19.32M | 15.3M | 13.81M | 13.8M | 13.74M | 0 | 0 |
| Additional Paid-in Capital | 640.66M | 642.97M | 639.79M | 638.67M | 636.79M | 637.06M | 622.65M | 621.51M | 619.38M | 541.6M | 540.95M | 540.51M | 539.31M | 538.07M | 537.45M | 499.1M | 544.77M | 258.72M | 212.63M | 210.07M | 209.03M | 208.45M | 206.8M | 73.03M | 54.26M | 52.67M | 23.8M | 23.79M | 23.31M | 0 | 0 |
| Retained Earnings | 938.35M | 904.63M | 771.99M | 639.32M | 516.37M | 399.95M | 300.1M | 279.65M | 253.04M | 200.88M | 177.81M | 149.27M | 181.15M | 133.63M | 70.73M | 68.15M | 51.5M | 77.58M | 51.23M | 45.3M | 63.02M | 52.34M | 80.6M | 79.93M | 87.88M | 75.81M | 77.38M | 79.81M | 72.19M | 56.9M | 49.7M |
| Accumulated OCI | 160.21M | -16.91M | 79.7M | 83.95M | 40.49M | 122.84M | 114.29M | 94.77M | 79.2M | 78.5M | 77.89M | 84.05M | 90.18M | 65.15M | 108.03M | 87.31M | 36.99M | -82.74M | -79.17M | 27.56M | -16.1M | -2.02M | -38.38M | -13M | 33.23M | 22.83M | -9.21M | -5.92M | -3.04M | 4.8M | 900K |
| Treasury Stock | -432.21M | -389.07M | -296.99M | -228.35M | -211.13M | -150.57M | -102.95M | -102.34M | -103.63M | -104.5M | -104.86M | -105.38M | -97.07M | -80.64M | -81.28M | -74.81M | -16.73M | -17.14M | -17.11M | -17.02M | -12.96M | -10.33M | -3.37M | -4.47M | -34.62M | -33.67M | -29.18M | -27.12M | -23.4M | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 92M | 92M | 92M | 176M | 176M | 176M | 176M | 176M | 176M | 68M | 68M | 68M | 68M | 68M | 68M | 68M | 68M | 68M | 33.5M | 33.5M | 33.5M | 33.5M | 33.5M | 0 | 0 |
Regional Macroeconomic Concentration
According to the provided quarterly balance sheet data, OFG's total assets have expanded from $11.2 billion in 2024Q1 to $12.0 billion by 2026Q1, primarily fueled by a significant accumulation of investment securities rather than aggressive expansion of the core loan portfolio.
The shift toward a larger securities portfolio suggests a conservative posture, potentially reflecting management's desire to maintain liquidity in a volatile regional environment. Investors should monitor whether this asset allocation strategy limits future net interest income growth compared to a more traditional loan-heavy expansion model.
As reported in financial statements, OFG has maintained a steady equity-to-assets ratio of approximately 0.11 over the last ten quarters, indicating that the bank is effectively scaling its capital base in tandem with its total asset growth to preserve regulatory buffers.
This consistent ratio suggests a disciplined approach to capital management, ensuring that the bank remains well-positioned to absorb potential shocks without diluting shareholder value. The stability of this metric implies that management is successfully balancing organic growth with the maintenance of a robust capital foundation.
Based on OFG's reported figures, cash and cash equivalents have exhibited significant volatility, fluctuating from a low of $235.0 million in 2025Q1 to a peak of $1.0 billion in 2025Q4, reflecting active treasury management within the bank's liquidity framework.
The wide swings in cash balances suggest that the bank relies on tactical adjustments to its liquidity position to navigate the unique economic conditions of Puerto Rico. This variability warrants further investigation into the bank's contingent funding plans and its ability to manage sudden shifts in deposit outflows.
Data from the balance sheet indicates that investment securities represent the vast majority of total assets, reaching $10.8 billion in 2026Q1, which suggests a high degree of sensitivity to interest rate fluctuations and potential unrealized losses within the treasury portfolio.
While this allocation provides a stable income stream, it creates a non-obvious risk profile where the bank's valuation is heavily tied to the performance of its fixed-income holdings. Investors should monitor the duration of this portfolio, as any significant rate volatility could impact the bank's book value and capital adequacy.
Quick answers to the most common questions about buying OFG stock.
As of 2025, OFG Bancorp (OFG) had total assets of $12.47B including $1.22B in current assets.
OFG Bancorp (OFG) carries total debt of $580.5M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
OFG Bancorp (OFG) has total shareholders' equity (book value) of $1.39B ($29.35 book value per share). Book value represents the net worth of the company belonging to common stock holders.
OFG Bancorp (OFG) reported a current ratio of 0.12x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.