OFG Bancorp reported second-quarter 2026 earnings per share of $1.39, a 21% increase year over year, driven by loan growth and core deposit strength. Core revenues grew by $4.5 million to $190 million, while total interest income rose $3 million to $197 million and total interest expense fell $0.5 million to $40 million. Net interest margin increased 9 basis points to 5.45%, and the company raised its NIM outlook for the second half of 2026 to a range of 5.25% to 5.35%. Average loan balances grew by $78 million to $8.2 billion, new loan production jumped nearly 24% to $750 million, and average core deposit balances rose $145 million to $9.7 billion. The provision for credit losses fell by $9.5 million to $13 million, while non-interest expense increased $8.1 million to $103 million, including $5.8 million in non-recurring operational charges. Return on average assets reached 1.93% and return on average tangible common equity approached 18%, with the Common Equity Tier 1 ratio rising to 14.07% and tangible book value expanding to $31.12 per share.
OFG BancorpOFG Bancorp reported 21% EPS growth, raised NIM outlook, and improved capital ratios.