OFG Bancorp (OFG Bancorp) Allowance For Loans And Lease Losses : $-156.56 Mil (As of Mar. 2024)

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What is OFG Bancorp Allowance For Loans And Lease Losses?

OFG Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was $-156.56 Mil.

OFG Bancorp's quarterly Allowance For Loans And Lease Losses declined from Sep. 2023 ($-157.53 Mil) to Dec. 2023 ($-161.11 Mil) but then increased from Dec. 2023 ($-161.11 Mil) to Mar. 2024 ($-156.56 Mil).

OFG Bancorp's annual Allowance For Loans And Lease Losses increased from Dec. 2021 ($-155.94 Mil) to Dec. 2022 ($-152.67 Mil) but then declined from Dec. 2022 ($-152.67 Mil) to Dec. 2023 ($-161.11 Mil).

OFG Bancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for OFG Bancorp's Allowance For Loans And Lease Losses 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 Allowance For Loans And Lease Losses Chart

OFG Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-116.54

-204.81

-155.94

-152.67

-161.11

OFG Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-151.88	-159.92	-157.53	-161.11	-156.56

OFG Bancorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

OFG Bancorp Allowance For Loans And Lease Losses Related Terms

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OFG Bancorp (OFG Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OFG Bancorp (GREY:OFGIP.PFD) » Definitions » Allowance For Loans And Lease Losses

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OFG:USA

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.