OFG Bancorp (OFG Bancorp) Net Charge Offs to Average Loans % : 0.00% (As of . 20)

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What is OFG Bancorp Net Charge Offs to Average Loans %?

Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

The historical rank and industry rank for OFG Bancorp's Net Charge Offs to Average Loans % or its related term are showing as below:

OFGpB.PFD's Net Charge Offs to Average Loans % is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

OFG Bancorp Net Charge Offs to Average Loans % Historical Data

The historical data trend for OFG Bancorp's Net Charge Offs to Average Loans % 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 Net Charge Offs to Average Loans % Chart

OFG Bancorp (NYSE:OFGpB.PFD) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %

Net Charge-offs

Average Total Loans

OFG Bancorp (NYSE:OFGpB.PFD) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

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OFG Bancorp (OFG Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OFG Bancorp (NYSE:OFGpB.PFD) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

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.