EarningsQ2 2026 Earnings Report
DE:OFP Q2 2026 EPS Results
Actual EPS€1.24
Consensus EPS€1.04
Beat/MissBeat by +€0.20
One Year Ago EPS€1.03
DE:OFP Q2 2026 Revenue Results
Actual Revenue€205.83M
Expected Revenue€162.99M
Beat/MissBeat by +€42.84M
YoY Revenue Growth+2.75%
Earnings Announcement Details
QuarterQ2 2026
Date07/21/2026
TimeBefore Open
Conference CallTuesday, July 21, 2026
DE:OFP Upcoming Earnings
OFG Bancorp's next earnings date is estimated for October 21, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:OFP Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed predominantly positive fundamentals: robust EPS growth (+21% YoY), rising NIM, strong loan production (+~24% vs. prior period), deposit growth, solid capital ratios, and notable progress on digital adoption and customer engagement. Credit metrics showed improvement in nonperforming loans and lower provisioning, though quarterly net charge-offs spiked due to specific charge-offs/sales of troubled credits. Nonrecurring operational charges and seasonally higher delinquencies are manageable headwinds. Overall the positives (operating performance, margin upside, capital strength, digital momentum) outweigh the transitory negatives.Company Guidance
Earnings Per Share and Revenue Growth
EPS increased 21% year-over-year to $1.39, driven by 4% growth in total core revenues and effective balance sheet management. Core revenues rose $4.5 million to $190 million; total interest income was $197 million, up $3 million.
Net Interest Margin and Yield Strength
Net interest margin (NIM) expanded 9 basis points to 5.45%. Loan yield increased 3 basis points to 7.90% (7.70% excluding loan recoveries). Management updated second-half NIM guidance to 5.25%–5.35%; June NIM was ~5.26%.
Loan Production and Loan Growth
New loan production totaled $750 million, up $146 million (almost 24%). Average loan balances grew $78 million to $8.2 billion; end-of-period loan balances increased $62 million (0.8%). Management expects low-single-digit loan growth for the year with commercial lending outpacing auto.
Deposit Growth and Funding
Average core deposits increased $145 million to $9.7 billion; end-of-period core deposits rose $85 million (0.9%). Noninterest-bearing deposits grew $92 million to $2.7 billion. Large government funding of $400 million was re‑allocated into 3- and 6-month CDs (with ~$175 million still in demand), improving visibility into funding and margins.
Capital and Shareholder Metrics
CET1 ratio strengthened to 14.07%; total stockholders' equity rose to $1.4 billion. Tangible common equity (TCE) ratio climbed to 10.90% and tangible book value increased to $31.12 per share. $194 million of buyback authorization remains; repurchases to be opportunistic.
Profitability and Efficiency
Return on average assets rose to 1.93% and return on average tangible common equity approached 18%. The efficiency ratio was 54%, reflecting continued operating leverage despite some nonrecurring items.
Digital Adoption and Customer Engagement
Digital and customer metrics improved: 4% year-over-year growth in net new retail and commercial customers, 11% increase in active digital users, 6% increase in digital loan payments, and 3% rise in virtual teller use. 28% of Libre accounts were opened digitally year-to-date; >1.1 million personalized insights delivered monthly with >90% positive feedback; ~68k customers used live remote tellers after hours.
Credit Quality Improvements (Selected Metrics)
Nonperforming loans fell $53.6 million to 0.81% of average loans following sales of specific problem exposures. Provision for credit losses declined $9.5 million to $13 million, helped by $1.9 million in commercial loan recoveries and stable portfolio performance in recent vintages.
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