OFG Bancorp

OFG Bancorp

OFGยทNYSE

$44.73

-1.8%
Financial ServicesBanks - Regional

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services. It also provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. In addition, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company operates through a network of 50 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

At a Glance

Live Snapshot
Market Cap$1.89B
EPS4.5300
P/E Ratio9.87
Earnings Date07/16/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 9.9).

Valuation inputs: P/E 9.9, earnings yield +10.1%, momentum -1.8%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +14.8%, ROIC +11.8%).

Profitability stack: net margin +23.8%, ROE +14.8%, ROIC +11.8%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +88.8%, momentum -1.8%, net margin +23.8%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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OFG Bancorp Market vs Earnings Trajectory

OFG ยท NYSE

Loading price and EPS data...

OFG Bancorp

OFG Bancorp Fair Value Envelope

OFG ยท NYSE

Our analysis suggests that OFG has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $44.73, this represents a potential HIDDEN relative to our calculated worth for OFG Bancorp.

Intrinsic Value
Current Price: $44.73
3Y+31.0%
5Y+243.0%
10Y+340.0%
3Y+44.0%
5Y+59.0%
10Y+124.0%
3Y+23.0%
5Y+176.0%
10Y+247.0%
3Y+32.0%
5Y+523.0%
10Y+177.0%
3Y+49.0%
5Y+912.0%
10Y+172.0%
3Y+27.0%
5Y+27.0%
10Y+92.0%
OFG Bancorp

OFG Bancorp Profit Bridge

OFG ยท NYSE
Revenue862.62M
Cost of Goods Sold (248.09M)
Gross Profit614.52M
Operating Expenses (348.52M)
Operating Income266.01M
Interest Expense (172.47M)
Other Income/Expense-31.89M
Pretax Income234.12M
Income Tax (29.01M)
Net Income205.10M
Net Income
205.10M

Profitability Analysis

Gross Margin

71.2%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

30.8%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

23.8%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

12.4%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

71.24%
Gross Profit Margin
1%
3Y-21.0%
5Y+1.0%
10Y+4.0%
30.84%
Operating Profit Margin
3Y-24.0%
5Y+76.0%
10Y+40.0%
23.78%
Net Profit Margin
-1%
3Y-14.0%
5Y+73.0%
10Y+55.0%
14.76%
Return on Equity
-7%
3Y-7.0%
5Y+116.0%
10Y+129.0%
1.65%
Return on Assets
-5%
3Y-3.0%
5Y+118.0%
10Y+81.0%
11.83%
Return on Invested Capital
13%
3Y-20.0%
5Y+100.0%
10Y+248.0%
OFG

OFG Bancorp Cash Conversion Engine

OFG ยท NYSE
Net Income205.10M
Depreciation & Amortization25.39M
Stock-Based Compensation6.24M
Change in Working Capital110.95M
Others23.72M
Capital Expenditures-18.38M
Free Cash Flow199.34M

Cash Flow Quality Analysis

FCF Conversion Rate

97.2%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

8.4%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-5.4%

Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.

Working Capital Impact

+$110.95M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

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OFG Bancorp Funding & Solvency Profile

OFG ยท NYSE
Cash & Cash Equivalents636.50M
Net Receivables165.70M
Inventory0.00
Other Current Assets0.00
Total Current Assets803 M
Property, Plant & Equipment113.01M
Goodwill & Intangible Assets93.11M
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets113 M
Total Assets
12.05B

Financial Health Analysis

Debt-to-Equity Ratio

7.81x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

803 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

7% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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OFG Bancorp Street Expectations Map

OFG ยท NYSE

Wall Street analysts project that OFG stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 44.50, with estimates ranging from a low of 44.00 to a high of 45.00.

Lowest Target
44.00
-1.63%
Consensus Target
44.50
-0.51%
Highest Target
45.00
0.60%

The consensus 1-year price target stands at 44.50, with estimates ranging from a low of 44.00 to a high of 45.00.

Analyst Consensus Analysis

Upside Potential

-0.5%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

2.2% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

0.37x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Efficient pricing: Stock trading at fair value with strong consensus suggests market has priced in expectations. Look for fundamental inflection points or new catalysts to drive meaningful moves.

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OFG Bancorp Insider Positioning

OFG ยท NYSE

During the last 12 months, insiders have purchased $65K and sold $2.78M worth of OFG shares, resulting in $2.71M of net selling activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

1.5K

64.78K

Sold

7.5K

316.59K

Net Activity

-252K

-$252K

6-9 Months

Bought

0

0.00

Sold

55.0K

2.25M

Net Activity

-2.2M

-$2.25M

9-12 Months

Bought

0

0.00

Sold

5.0K

211.51K

Net Activity

-212K

-$212K

Top Buyers

1
FA

Franqui Annette

Director

1.5K sharesโ€ข1 transactions

$65K

Top Sellers

1
FJR

Fernandez Jose Rafael

Director, Officer: Ceo; Chairman Bod

30.0K sharesโ€ข2 transactions

$1.23M

2
CJ

Colon Jorge

Director

25.0K sharesโ€ข1 transactions

$1.02M

3
OCA

Ortiz Cesar A

Officer: Chief Risk Officer

5.5K sharesโ€ข1 transactions

$232K

4
AM

Arizmendi Maritza

Officer: Chief Financial Officer

5.0K sharesโ€ข1 transactions

$212K

5
DJN

De Jesus Nestor

Director

2.0K sharesโ€ข1 transactions

$85K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $2.71M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.02:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

5 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

0.00%
Dividend Yield
-100%
3Y-100.0%
5Y-100.0%
10Y-100.0%
ย 

ofg Dividend History

OFG
10Y CAGR +19%
Latest $0.35
Annual $1.6
5 year growth trend
Last Period: +0%