OFG
OFG Bancorp
OFG's fundamentals are mixed: its operating margin rose 2 points to 35%, while revenue grew only 2.3%. At 9.8x earnings, it's trading right at its usual valuation. Analysts expect earnings growth.
OFG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
OFG's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like OFG.
OFG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.8x | $46.35 | -9.7% |
| Current | 9.8x | $51.34 | — |
| Fair | 9.9x | $52.09 | +1.5% |
| Forward | 9.9x | $51.34 | — |
| Expensive | 14x | $75.61 | +47% |
Historical ranges are pointers, not guarantees.
OFG's PE is in its fair range at 9.8x. On analysts' estimates for next year's earnings, today's price would be 9.9x.
OFG Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect OFG's earnings to grow and its profitability to improve, with its revenue holding steady.
OFG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.19 | -1.1% |
| Q3 2026 | $5.25 | +19% |
| Q2 2026 | $5.08 | +20% |
| Q1 2026 | $4.84 | +16% |
| Q4 2025 | $4.58 | +8.3% |
| Q3 2025 | $4.41 | +7% |
| Q2 2025 | $4.25 | +4.4% |
| Q1 2025 | $4.18 | +6.6% |
| Q4 2024 | $4.23 | +10% |
OFG's earnings per share have climbed steadily: $5.25 over the past year, up 19% from the year before, and higher year over year every quarter since late 2020.
OFG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $186.2M | 0% |
| Q2 2026 | $190.3M | +4.4% |
| Q1 2026 | $186M | +4.1% |
| Q4 2025 | $184.3M | +0.9% |
| Q3 2025 | $186.2M | +6.5% |
| Q2 2025 | $182.4M | +1.4% |
| Q1 2025 | $178.6M | +2.4% |
| Q4 2024 | $182.7M | +0.2% |
OFG's revenue has grown year over year for 22 quarters in a row: $186M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 39% | +5.6 points |
| Q2 2026 | 39% | +3 points |
| Q1 2026 | 37% | +3.7 points |
| Q4 2025 | 26% | -3.2 points |
| Q3 2025 | 33% | -67 points |
| Q2 2025 | 36% | -64 points |
| Q1 2025 | 33% | -67 points |
| Q4 2024 | 29% | -71 points |
OFG's operating margin was 39% last quarter, up 5.6 points from the same quarter a year ago.
OFG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $83.2M | +134% |
| Q2 2026 | $45.1M | +42% |
| Q1 2026 | $68.8M | -13% |
| Q4 2025 | $53.3M | +56% |
| Q3 2025 | $35.5M | -31% |
| Q2 2025 | $31.8M | -65% |
| Q1 2025 | $78.7M | +44% |
| Q4 2024 | $34.2M | -66% |
OFG's free cash flow was $250M over the past year, up 39% from the year before. Free cash flow isn't a meaningful measure for financial services companies like OFG.
OFG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +47K shares |
| 1 year | -5% | -2.2M shares |
| 3 years | -10% | -4.9M shares |
| 5 years | -18% | -9.1M shares |
| Available history | -18% | -9.3M shares |
OFG has 42M diluted shares, down 5% from a year ago, with $98M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $13.5M |
| Q2 2026 | — |
| Q1 2026 | $44.5M |
| Q4 2025 | $40.1M |
| Q3 2025 | $20.4M |
| Q2 2025 | $7.7M |
| Q1 2025 | $23.4M |
| Q4 2024 | $45.9M |
OFG spent $98M buying back its own shares over the past year, about the same as the year before.
OFG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.6x | Net Cash |
| Q2 2026 | -1.1x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -2.3x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -0.9x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
OFG has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like OFG.
OFG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.8 | Neutral |
| Stochastic | 31.8 | Neutral |
OFG's weekly RSI is 56 (neutral) and its Stochastic is 32 (neutral).
OFG PE vs Financial Services Sector
| Metric | OFG | Sector median | Relative |
|---|---|---|---|
| PE | 9.8x | 13x | 25% below |
| PE % | 46 | 63 | 17 pts below |
OFG is trading at 9.8x earnings, a 25% discount to the Financial Services sector's median of 13x.
OFG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $51.2 | 0.2% above |
| 20 week MA | $51.7 | 0.6% below |
| 50 week MA | $46.3 | 11% above |
| 100 week MA | $44.0 | 17% above |
| 200 week MA | $39.2 | 31% above |
OFG's trend is mixed: it's above four of its five weekly moving averages, and 31% above its 200-week average.
OFG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.6 | $17.8 | -25% |
| 2021 | $17.8 | $26.2 | +48% |
| 2022 | $26.2 | $27.2 | +3.7% |
| 2023 | $27.2 | $37.5 | +38% |
| 2024 | $37.5 | $43.2 | +15% |
| 2025 | $43.2 | $41.8 | -3.4% |
| 2026 YTD | $41.8 | $51.3 | +23% |
OFG has finished higher in four of the last six years. It's up 23% so far in 2026.