OFG Bancorp (DE:OFP)
FRANKFURT:OFP
Earnings Data
Report Date
Jul 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.99Last Year’s EPS
0.98Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive picture: strong year-over-year earnings growth (EPS +26%), loan growth, improving credit metrics, continued digital adoption, active capital returns (buybacks and a 17% dividend increase), and disciplined expense management. Headwinds are manageable and largely related to the timing and replacement of a large government deposit, some quarter-specific technical items (fewer days and a one-time loan recovery), and an idiosyncratic commercial nonaccrual exposure. Management remains conservative in guidance (NIM 5.1%–5.2%, expense and growth targets) and emphasizes solid positioning in Puerto Rico’s favorable economic backdrop.Company Guidance
Earnings and Revenue Growth
Diluted EPS increased 26% year-over-year; total core revenues grew 4% year-over-year, reflecting loan growth, deposit strength, expense discipline and balance sheet management.
Loan Growth and Production
Loans grew 5% year-over-year with average loan balances of $8.2 billion (up $1.55 billion sequentially). New loan production increased 9% year-over-year, driven by commercial growth and auto production activity.
Capital Return to Shareholders
Purchased $44.5 million of common shares and increased the dividend by 17%, while maintaining CET1 near ~13.75% after buybacks.
Improving Credit Metrics
Net charge-offs declined to $21 million (down $5.5 million QoQ); net charge-off rate improved to 1.05% (down 27 bps); auto NCO rate fell to 1.52% (down 29 bps); consumer NCO rate improved to 4.40% (down 15 bps); provision for credit losses decreased to $22.5 million (down $9 million QoQ).
Allowance and Asset Quality
Allowance coverage at 2.48% of loans; nonperforming loan rate improved to 1.47% (down 12 bps) and commercial NPLs declined to 2.36% from 2.50%.
Digital Adoption and Customer Growth
Retail digital enrollments up 10% YoY, digital loan payments up 5%, virtual teller usage up 7%; net new retail and commercial customers each grew ~3%, supporting deeper relationships and efficiency gains.
Expense Discipline and Profitability Metrics
Noninterest expense decreased to $95 million (down $10.3 million QoQ); tangible book value $30.14 per share; efficiency ratio 51%; return on average assets 1.78% and return on common equity 16.4%.
Funding and Deposit Cost Improvements (Excluding One-Time Item)
Excluding a $500 million government deposit transfer, core deposits grew over 4% year-over-year; cost of core deposits was 1.29% (down 13 bps), and excluding public funds deposit cost was 1.00% versus 1.02% prior.
DE:OFP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:OFP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 21, 2026 | €36.20 | €36.00 | -0.55% |
Jan 22, 2026 | €34.50 | €36.08 | +4.60% |
Oct 22, 2025 | €35.82 | €35.63 | -0.55% |
Jul 17, 2025 | €36.17 | €36.95 | +2.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does OFG Bancorp (DE:OFP) report earnings?
OFG Bancorp (DE:OFP) is schdueled to report earning on Jul 16, 2026, Before Open (Confirmed).
What is OFG Bancorp (DE:OFP) earnings time?
OFG Bancorp (DE:OFP) earnings time is at Jul 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of OFG Bancorp stock?
The P/E ratio of OFG Bancorp is N/A.
What is DE:OFP EPS forecast?
DE:OFP EPS forecast for the fiscal quarter 2026 (Q2) is 0.99.