OFG Bancorp
NYSE: OFG · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-06-05
OFG Bancorp (OFG) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $249.55M | $-5.11M | 22.83% | -2.70% | -2.05% |
| 2007 | $331.87M | $41.27M | 33.05% | 12.90% | 12.43% |
| 2008 | $385.60M | $26.79M | 38.64% | 4.53% | 6.95% |
| 2009 | $395.04M | $22.95M | 48.33% | 7.57% | 5.81% |
| 2010 | $300.83M | $9.83M | 36.58% | 1.84% | 3.27% |
| 2011 | $324.85M | $34.45M | 47.61% | 10.87% | 10.60% |
| 2012 | $303.34M | $24.55M | 58.07% | 9.18% | 8.09% |
| 2013 | $485.38M | $98.45M | 67.68% | 18.49% | 20.28% |
| 2014 | $475.93M | $85.18M | 71.13% | 25.72% | 17.90% |
| 2015 | $386.42M | $-2.50M | 40.30% | -5.19% | -0.65% |
| 2016 | $385.91M | $59.19M | 68.32% | 22.07% | 15.34% |
| 2017 | $387.77M | $52.65M | 60.13% | 17.56% | 13.58% |
| 2018 | $400.92M | $84.41M | 74.90% | 33.12% | 21.05% |
| 2019 | $429.88M | $53.84M | 65.62% | 17.50% | 12.52% |
| 2020 | $541.21M | $74.33M | 70.88% | 17.52% | 13.73% |
| 2021 | $539.08M | $146.15M | 92.20% | 39.81% | 27.11% |
| 2022 | $598.51M | $166.24M | 90.37% | 40.79% | 27.78% |
| 2023 | $728.15M | $181.87M | 79.59% | 36.43% | 24.98% |
| 2024 | $822.77M | $198.17M | 70.33% | 30.84% | 24.09% |
| 2025 | $862.62M | $205.10M | 71.24% | 30.84% | 23.78% |
Frequently asked questions
What is OFG Bancorp's revenue?
OFG Bancorp's trailing twelve-month revenue is $634.53M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is OFG?
In its most recent fiscal year, OFG ran a gross margin of 71.24%, an operating margin of 30.84%, and a net margin of 23.78%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does OFG generate?
OFG produced $199.34M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is OFG's balance sheet healthy?
OFG holds $1.04B in cash and equivalents against $400.01M in long-term debt, on $1.39B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.