OFG Bancorp (OFG Bancorp) Interest Expense : $-114.25 Mil (TTM As of Mar. 2024)

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What is OFG Bancorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OFG Bancorp's interest expense for the three months ended in Mar. 2024 was $ -39.32 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-114.25 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. OFG Bancorp's Operating Income for the three months ended in Mar. 2024 was $ Mil. OFG Bancorp's Interest Expense for the three months ended in Mar. 2024 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

OFG Bancorp Interest Expense Historical Data

The historical data trend for OFG Bancorp's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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OFG Bancorp Interest Expense Chart

OFG Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

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Dec23

Interest Expense

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-51.00

-64.92

-41.83

-33.49

-88.01

OFG Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-13.09	-18.34	-23.92	-32.66	-39.32

OFG Bancorp Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-114.25 Mil.

OFG Bancorp (OFG Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OFG Bancorp (NYSE:OFGpB.PFD) » Definitions » Interest Expense

Comparable Companies

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OFG:USA OFP:Germany

Address

254 Munoz Rivera Avenue, San Juan, PRI, 00918

Website

https://www.ofgbancorp.com

OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as 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. It provides services in the region of Puerto Rico.