OFG Bancorp Reports 2Q26 Results

OFG Bancorp announced its financial results for the second quarter ended June 30, 2026. The company reported diluted EPS of $1.39, an increase from $1.26 in the previous quarter and $1.15 in the same quarter last year. Total core revenues were $190.3 million, up from $185.8 million in 1Q26 and $182.2 million in 2Q25. The CEO highlighted continued momentum across all business segments, driven by disciplined execution, strong customer engagement, and a differentiated operating model. Key performance indicators for 2Q26 include a net interest margin of 5.45%, return on average assets of 1.93%, return on average tangible common stockholders' equity of 17.94%, and an efficiency ratio of 54.04%. The company also noted growth in total interest income to $197.2 million and a decrease in total interest expense to $39.9 million. Credit quality metrics showed net charge-offs of $28.8 million and non-performing loans of $67.3 million. Loans held for investment at the end of the quarter were $8.30 billion, with new loan production at $755.0 million. Customer deposits increased to $9.74 billion. Capital ratios remained strong, with the CET1 ratio at 14.07% and the tangible common equity ratio at 10.90%.