Stock OFG OFG BANCORP
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Company OFG Bancorp

Equities

OFG

PR67103X1020

Banks

Market Closed - Nyse
Other stock markets
 04:00:01 2024-04-26 pm EDT 		5-day change 1st Jan Change
36.3 USD -0.44% Intraday chart for OFG Bancorp +4.25% -3.15%
Apr. 18 Transcript : OFG Bancorp, Q1 2024 Earnings Call, Apr 18, 2024
Apr. 18 OFG Bancorp Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

Business Summary

OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services. The Company provides these services through various subsidiaries, including a commercial bank, Oriental Bank; a securities broker-dealer, Oriental Financial Services Corp. (Oriental Financial Services); an insurance agency, Oriental Insurance, LLC (Oriental Insurance), and a retirement plan administrator, Oriental Pension Consultants, Inc. (OPC).

Number of employees: 2,230

Sales per Business

USD in Million2022Weight2023Weight Delta
Banking
85.8 %
532 86.6 % 591 85.8 % +11.24%
Treasury
9.5 %
49 7.9 % 65 9.5 % +34.46%
Wealth Management
4.7 %
34 5.5 % 32 4.7 % -3.11%

Sales per region

USD in Million2022Weight2023Weight Delta
Puerto Rico
100.0 %
614 100.0 % 689 100.0 % +12.30%

Managers

Managers TitleAgeSince
José Rafael Fernández Martinez CEO
 Chief Executive Officer 60 91-05-31
Maritza Arizmendi Diaz DFI
 Director of Finance/CFO 55 11-12-31
Ada García Castello COO
 Chief Operating Officer 60 12-11-30
Steven Anreder IRC
 Investor Relations Contact - -
Patrick Haggarty PRN
 Corporate Officer/Principal 64 -
Hugh González LAW
 General Counsel 44 20-12-31
Krisen Aguirre Torres AUD
 Comptroller/Controller/Auditor - -
Jennifer Zapata Nazario HRO
 Human Resources Officer - -
César A. Ortiz-Marcano PRN
 Corporate Officer/Principal 59 07-05-31
Mari Evelyn Rodríguez PRN
 Corporate Officer/Principal 53 06-06-30

Members of the board

Members of the board TitleAgeSince
Julian S. Inclán CHM
 Chairman 76 08-07-31
José Rafael Fernández Martinez CEO
 Chief Executive Officer 60 91-05-31
Annette Franqui BRD
 Director/Board Member 62 22-05-03
Jorge Colón Gerena BRD
 Director/Board Member 57 14-05-27
Susan Harnett BRD
 Director/Board Member 67 19-07-22
Néstor de Jesus BRD
 Director/Board Member 72 16-01-26
Rafael Vélez BRD
 Director/Board Member 50 21-10-27
Angel Vázquez BRD
 Director/Board Member 56 23-04-25

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 60,037,078 46,291,866 ( 77.11 %) 0 77.11 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
14.06 %
6,616,981 14.06 % 244 M $
Vanguard Fiduciary Trust Co.
12.41 %
5,843,020 12.41 % 215 M $
Dimensional Fund Advisors LP
7.767 %
3,656,588 7.767 % 135 M $
Barrow, Hanley, Mewhinney & Strauss LLC
4.980 %
2,344,357 4.980 % 86 M $
STATE STREET CORPORATION
4.422 %
2,081,868 4.422 % 77 M $
LSV Asset Management
3.915 %
1,843,037 3.915 % 68 M $
Teachers Advisors LLC
2.972 %
1,398,984 2.972 % 51 M $
JPMorgan Investment Management, Inc.
2.956 %
1,391,775 2.956 % 51 M $
Charles Schwab Investment Management, Inc.
2.741 %
1,290,568 2.741 % 48 M $
Geode Capital Management LLC
2.129 %
1,002,274 2.129 % 37 M $

Company contact information

OFG Bancorp

254 Muñoz Rivera Avenue

00918, San Juan

+787 771 6800

http://www.ofgbancorp.com
address OFG Bancorp(OFG)

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Other Banks

Sales per Business

Ratings for OFG Bancorp

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
36.3 USD
Average target price
43 USD
Spread / Average Target
+18.46%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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