OFG Bancorp (NYSE:OFG)

Q3 2025 OFG Bancorp Earnings Call Transcript

Oct 22, 2025 / 02:00 PM GMT

Release Date Price: $39.6 (-6.12%)

Transcript 8-K

Key Points

Positve

OFG Bancorp (OFG) reported a strong quarter with earnings per share diluted of $1.16, up 16% year over year.
The company saw a 5.6% increase in total core revenue, with significant growth in commercial loans.
OFG Bancorp's digital-first strategy is gaining momentum, with nearly all routine retail customer transactions conducted through digital and self-service channels.
The introduction of innovative product offerings like the Liberty and Elite accounts has successfully attracted new deposits and customers.
OFG Bancorp's credit quality remains stable, supported by a strong economic environment in Puerto Rico, with a CET ratio of 14.13% and a tangible common equity ratio of 10.55%.

Negative

Total interest expense increased by $3 million, reflecting higher average balances of core deposits and wholesale funding.
There was a $1 million decrease in total banking and financial services revenues, mainly due to a decline in mortgage banking revenues.
Net interest margin decreased to 5.24% from 5.31%, influenced by increased interest income from the securities portfolio and higher cost of deposits.
The provision for credit losses was $28.3 million, reflecting increased loan volume and specific reserves on two commercial loans.
OFG Bancorp experienced a sequential decline in loans by $63 million or 0.8%, primarily due to repayment of commercial lines of credit.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OFG.N - OFG Bancorp
Q3 2025 OFG Bancorp Earnings Call
Oct 22, 2025 / 02:00PM GMT

=====================
Presentation
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Unidentified_1 [1]
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Good morning.

Thank you for joining OFG Bancorp's conference call. My name is Chloe, and I will be your operator today.

Our speakers are Jose Rafael Fernandez, Chief Executive Officer and Chairman of the board of directors, Maritza Arizmendi, Chief Financial Officer, and Cesar Ortiz, Chief Risk Officer.

A presentation accompanies today's remarks. It can be found on the homepage of the OFG website under the 3rd quarter 2025 section.

This call may feature certain forward-looking statements about management's goals, plans, and expectations.

These statements are subject to risks and uncertainties outlined in the risk factor section of OFG's SEC filings.

Actual results may differ materially from those

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