OFG BANCORP — Form 8-K
Filed July 21, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
OFG Bancorp reported Q2 2026 diluted EPS of $1.39 (vs. $1.15 in Q2 2025, +21%), core revenues of $190.3M (vs. $182.2M YoY, +4.5%), and net income of $58.8M. Loans grew $62.4M to $8.30B; deposits increased $84.9M to $9.74B. Net charge-offs rose to $28.8M (1.40% of average loans) from $12.8M (0.64%) YoY; NPLs improved to $67.3M (0.81%) from $97.4M (1.19%) YoY following loan sales. CET1 ratio 14.07%, tangible book value per share $31.12 (+12.4% vs. Q2 2025).
Why this rating
Strong earnings growth and improved profitability (ROA 1.93%, ROATCE 17.94%) relative to ~$1.9B market cap; modest loan/deposit growth and rising credit costs temper significance; no material M&A or capital events.
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