OFG Bancorp

OFG Bancorp is a financial holding company headquartered in San Juan, Puerto Rico, operating under U.S., Puerto Rico, and U.S. Virgin Islands banking laws and regulations. Founded in 1964, its mission is to enable clients, partners, and communities in Puerto Rico and the U.S. Virgin Islands to achieve their financial goals through simplified experiences, continuous financial education, and sound financial solutions.

The company provides a comprehensive range of banking and financial services through its principal subsidiaries: Oriental Bank, Oriental Financial Services, and Oriental Insurance. These services include consumer banking and lending (such as auto loans, residential mortgages, and credit cards), commercial banking (including business loans, cash management, and international trade financing), and wealth management (encompassing financial planning, investment brokerage, and retirement products). OFG Bancorp primarily serves individuals, businesses, and institutions across Puerto Rico and the U.S. Virgin Islands.

In recent news, OFG Bancorp reported stronger-than-expected second-quarter 2026 earnings, with profits and revenue surpassing Wall Street forecasts, and noted an increase in its net interest margin. The company's stock reached an all-time high of $53.82 in August 2026, reflecting strong investor confidence. Additionally, OFG Bancorp announced a new $200 million share repurchase plan in January 2026 and declared a regular quarterly cash dividend of $0.35 per common share for the quarter ending September 30, 2026. José Rafael Fernández serves as the Chief Executive Officer and Chairman, having been recognized as American Banker's Community Banker of the Year in 2023.