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OFG 
OFG Bancorp (OFG)
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Upturn Advisory Summary
02/24/2026: OFG (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
4 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $44.4
1 Year Target Price $44.4
| 1 | Strong Buy |
| 2 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.82B USD | Price to earnings Ratio 9.02 | 1Y Target Price 44.4 |
Price to earnings Ratio 9.02 | 1Y Target Price 44.4 | ||
Volume (30-day avg) 4 | Beta 0.75 | 52 Weeks Range 32.46 - 45.46 | Updated Date 02/24/2026 |
52 Weeks Range 32.46 - 45.46 | Updated Date 02/24/2026 | ||
Dividends yield (FY) 2.90% | Basic EPS (TTM) 4.58 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 32.87% | Operating Margin (TTM) 31.25% |
Management Effectiveness
Return on Assets (TTM) 1.71% | Return on Equity (TTM) 15.51% |
Valuation
Trailing PE 9.02 | Forward PE - | Enterprise Value 1326617088 | Price to Sales(TTM) 2.91 |
Enterprise Value 1326617088 | Price to Sales(TTM) 2.91 | ||
Enterprise Value to Revenue 3.55 | Enterprise Value to EBITDA - | Shares Outstanding 43257000 | Shares Floating 42754786 |
Shares Outstanding 43257000 | Shares Floating 42754786 | ||
Percent Insiders 1.38 | Percent Institutions 97.1 |
Upturn AI SWOT
OFG Bancorp
Company Overview
History and Background
OFG Bancorp (OFG) was founded in 1965 as Oriental Savings Bank in Puerto Rico. It has since evolved into a diversified financial institution. Key milestones include its public offering in 1997, significant acquisitions that expanded its service offerings and geographic reach, and its adaptation to the economic conditions in Puerto Rico. The company has transitioned from a traditional savings and loan to a full-service bank.
Core Business Areas
- Banking Operations: OFG's core banking operations involve accepting deposits and making loans, primarily to individuals and businesses in Puerto Rico. This segment offers a wide range of consumer and commercial banking products and services, including checking and savings accounts, money market accounts, certificates of deposit, commercial and real estate loans, and small business administration (SBA) loans.
- Mortgage Lending: OFG engages in mortgage lending, originating and servicing residential and commercial mortgage loans. This segment caters to borrowers seeking to purchase or refinance properties.
- Wealth Management: The company also offers wealth management services, including investment advisory, trust services, and insurance products, to help clients manage and grow their assets.
Leadership and Structure
OFG Bancorp is led by a Board of Directors and a management team comprising experienced professionals in the financial services industry. The organizational structure is aligned to support its various business segments, with dedicated teams for banking, mortgage lending, wealth management, and corporate functions.
Top Products and Market Share
Key Offerings
- Consumer and Commercial Deposits: OFG offers a variety of deposit accounts including checking, savings, money market, and CDs. While specific market share for these products in Puerto Rico is difficult to ascertain without proprietary data, OFG is a significant player in the local market. Competitors include other local banks and credit unions, as well as larger national banks with a presence in Puerto Rico.
- Commercial and Real Estate Loans: OFG provides loans to businesses and for real estate development and acquisition. These loans are crucial for economic activity in Puerto Rico. The market for these loans is competitive, with local banks, credit unions, and sometimes larger mainland institutions vying for market share. Specific revenue or market share data is not publicly available at the product level.
- Residential Mortgages: OFG originates and services residential mortgages. The mortgage market in Puerto Rico is influenced by local economic conditions and federal housing programs. Competitors include other financial institutions and mortgage brokers.
Market Dynamics
Industry Overview
OFG Bancorp operates within the banking and financial services industry, with a significant focus on the Puerto Rican market. The industry is characterized by intense competition, evolving regulatory landscapes, interest rate sensitivity, and the impact of economic conditions, particularly in its primary operating region. Digital transformation and fintech advancements are also key trends shaping the sector.
Positioning
OFG Bancorp is positioned as a leading community-focused financial institution in Puerto Rico. Its competitive advantages include its deep understanding of the local market, established customer relationships, and a diversified product offering. Its strong ties to the Puerto Rican economy are both a strength and a potential vulnerability.
Total Addressable Market (TAM)
The Total Addressable Market for OFG Bancorp is largely defined by the financial services needs of individuals and businesses in Puerto Rico and the U.S. Virgin Islands. This includes deposit taking, lending (consumer, commercial, mortgage), and wealth management. While precise TAM figures are complex to calculate, it encompasses billions of dollars in potential deposits and loans. OFG is a significant, but not dominant, player within this TAM, facing competition from local and national institutions.
Upturn SWOT Analysis
Strengths
- Strong brand recognition and customer loyalty in Puerto Rico.
- Diversified business model with multiple revenue streams (banking, mortgage, wealth management).
- Deep understanding of the Puerto Rican market and its economic nuances.
- Experienced management team with a long history in the region.
Weaknesses
- High concentration of business in Puerto Rico, making it susceptible to local economic downturns.
- Reliance on net interest income, which can be impacted by interest rate fluctuations.
- Potential for higher credit risk associated with the Puerto Rican economic environment.
Opportunities
- Further expansion of digital banking services to enhance customer experience and reach.
- Strategic acquisitions or partnerships to diversify geographic presence or service offerings.
- Leveraging economic recovery and growth in Puerto Rico.
- Expanding wealth management services to capitalize on growing asset bases.
Threats
- Economic instability or recession in Puerto Rico.
- Increased competition from national banks and fintech companies.
- Changes in regulatory policies affecting the banking industry.
- Rising interest rates impacting loan demand and servicing costs.
Competitors and Market Share
Key Competitors
- Banco Popular de Puerto Rico (BPPR)
- Sabadell United Bank (part of Banco Sabadell)
- FirstBank Puerto Rico
Competitive Landscape
OFG Bancorp competes in a concentrated market, particularly in Puerto Rico, where larger institutions like Banco Popular and FirstBank hold significant market share. OFG's advantage lies in its community banking approach and specialized offerings. However, it faces challenges from the scale and resources of its larger competitors and the economic sensitivities of its primary operating region.
Major Acquisitions
Scotiabank's operations in Puerto Rico and the U.S. Virgin Islands
- Year: 2020
- Acquisition Price (USD millions): 500
- Strategic Rationale: This acquisition significantly expanded OFG's deposit base, loan portfolio, and branch network, strengthening its position as a leading financial institution in Puerto Rico and the U.S. Virgin Islands. It allowed OFG to achieve greater scale and operational efficiencies.
Growth Trajectory and Initiatives
Historical Growth: OFG Bancorp's historical growth has been driven by a combination of organic expansion and strategic acquisitions. Its evolution reflects a strategy to broaden its financial product offerings and increase its market presence within Puerto Rico. Growth has been subject to the cyclical nature of the Puerto Rican economy.
Future Projections: Future growth projections for OFG Bancorp are typically based on analyst estimates, considering factors such as anticipated economic conditions in Puerto Rico, interest rate trends, regulatory environment, and the company's strategic initiatives. Analysts often provide EPS and revenue growth forecasts.
Recent Initiatives: Recent initiatives by OFG Bancorp likely focus on digital transformation to enhance customer engagement and operational efficiency, optimizing its loan portfolio, and potentially exploring strategic opportunities to diversify its revenue base or geographic footprint, all while navigating the unique economic landscape of Puerto Rico.
Summary
OFG Bancorp is a well-established financial institution with a strong presence in Puerto Rico, leveraging its deep market understanding and diversified offerings. Its focus on community banking fosters customer loyalty, a key strength. However, its significant exposure to the Puerto Rican economy presents a notable risk, requiring careful navigation of local economic fluctuations and competitive pressures. Continued investment in digital services and strategic growth initiatives will be crucial for sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- OFG Bancorp Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Industry Analysis Reports
Disclaimers:
This JSON output is generated based on publicly available information and AI analysis. It is intended for informational purposes only and does not constitute financial advice. Market share data and TAM figures are estimates and may vary. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About OFG Bancorp
Exchange NYSE | Headquaters San Juan, PR, United States | ||
IPO Launch date 1990-03-28 | CEO & Chairman Mr. José Rafael Fernández | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 2185 | Website https://www.ofgbancorp.com |
Full time employees 2185 | Website https://www.ofgbancorp.com | ||
OFG Bancorp, a financial holding company, provides a range of banking and financial services in the United States. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers savings accounts, certificates of deposit, individual retirement accounts personal, and commercial non-interest and interest-bearing checking accounts; time deposit products; and corporate trust services. It also provides commercial loans, auto loans, mortgage loans, as well as consumer loans, such as personal loans, residential solar panel loans, credit cards, lines of credit, and other loans; mortgage banking services; sale of loans and securitization activities; wealth management activities comprising securities brokerage, insurance agency, captive reinsurance, trust services, and other financial services; and various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. In addition, the company's portfolio consists of mortgage-backed securities, obligations of U.S. government-sponsored agencies, U.S. Treasury securities, and money market instruments; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.
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