--- title: "OFG Bancorp | 8-K: FY2026 Q2 Revenue: USD 190.32 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293343922.md" datetime: "2026-07-21T12:48:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293343922.md) - [en](https://longbridge.com/en/news/293343922.md) - [zh-HK](https://longbridge.com/zh-HK/news/293343922.md) --- # OFG Bancorp | 8-K: FY2026 Q2 Revenue: USD 190.32 M Revenue: As of FY2026 Q2, the actual value is USD 190.32 M. EPS: As of FY2026 Q2, the actual value is USD 1.39, beating the estimate of USD 1.166. EBIT: As of FY2026 Q2, the actual value is USD 74.48 M. ### Segment Revenue - OFG Bancorp reported total core revenues of $190.3 million in 2Q26, an increase from $185.8 million in 1Q26 and $182.2 million in 2Q25, reflecting a year-over-year increase of 4.5% in core revenues. - Total Banking & Financial Service Revenues were $33.0 million in 2Q26, up from $32.0 million in 1Q26 and $30.2 million in 2Q25, with the sequential increase of $1.0 million driven by higher banking service and wealth management revenues, including $1.1 million in insurance and annuity fees, despite lower mortgage banking revenues. ### Operational Metrics - Total Interest Income was $197.2 million in 2Q26, up from $194.1 million in 1Q26 and $194.3 million in 2Q25, with a sequential increase of $3.0 million primarily due to higher average balances of loans at higher average rates, $4.1 million from three paid-in-full commercial loans, and an additional business day contributing approximately $1.6 million. - Total Interest Expense was $39.9 million in 2Q26, a decrease from $40.3 million in 1Q26 and $42.4 million in 2Q25, mainly due to lower average balances of borrowings and brokered deposits. - Net Interest Margin was 5.45% in 2Q26, compared to 5.36% in 1Q26 and 5.31% in 2Q25. - Pre-Provision Net Revenues were $87.5 million in 2Q26, compared to $91.3 million in 1Q26 and $87.6 million in 2Q25. - Total Provision for Credit Losses was $13.0 million in 2Q26, significantly lower than $22.5 million in 1Q26 and $21.7 million in 2Q25, with the 2Q26 provision including $14.7 million for increased loan volume and $1.9 million in commercial loan recoveries. - Total Non-Interest Expense was $102.8 million in 2Q26, compared to $94.7 million in 1Q26 and $94.8 million in 2Q25, and included $5.8 million in business-related operational charges in 2Q26. - Income Tax Expense was $15.7 million in 2Q26, compared to $14.9 million in 1Q26 and $14.1 million in 2Q25. - Net Income Available to Common Stockholders was $58.777 million in 2Q26, up from $53.937 million in 1Q26 and $51.801 million in 2Q25. - Return on Average Assets was 1.93% in 2Q26, compared to 1.78% in 1Q26 and 1.73% in 2Q25. - Return on Average Tangible Common Stockholders’ Equity was 17.94% in 2Q26, compared to 16.43% in 1Q26 and 16.96% in 2Q25. - The Efficiency Ratio was 54.04% in 2Q26, compared to 50.97% in 1Q26 and 52.04% in 2Q25. - Net Charge-offs were $28.8 million (1.40% of average loans) in 2Q26, compared to $21.4 million (1.05%) in 1Q26 and $12.8 million (0.64%) in 2Q25. - Non-Performing Loans were $67.3 million (0.81% of average loans) in 2Q26, a decrease from $120.9 million (1.47%) in 1Q26 and $97.4 million (1.19%) in 2Q25. ### Balance Sheet and Other Metrics - Loans Held for Investment (EOP) reached $8.30 billion in 2Q26, an increase from $8.24 billion in 1Q26 and $8.18 billion in 2Q25, with balances growing $62.4 million or 0.8% sequentially, primarily from increases in Puerto Rico commercial and consumer loans. - New Loan Production was $755.0 million in 2Q26, up from $608.9 million in 1Q26 but down from $783.7 million in 2Q25, with sequential production growing $146.2 million or 24.0%. - Total Investments (EOP) were $2.70 billion in 2Q26, compared to $2.79 billion in 1Q26 and $2.78 billion in 2Q25, primarily reflecting principal paydowns in mortgage-backed securities. - Customer Deposits (EOP) were $9.74 billion in 2Q26, an increase from $9.66 billion in 1Q26 but lower than $9.90 billion in 2Q25, with deposits increasing $84.9 million or 0.9% sequentially due to government, commercial, and retail deposit growth. - Total Borrowings & Brokered Deposits (EOP) were $795.5 million in 2Q26, up from $746.6 million in 1Q26 and $732.3 million in 2Q25, with a sequential increase of $48.9 million for liquidity management purposes. - Cash & Cash Equivalents (EOP) were $745.7 million in 2Q26, up from $636.5 million in 1Q26 but down from $851.8 million in 2Q25, with cash increasing $109.2 million sequentially due to deposit growth and investment portfolio repayments. ### Capital Metrics - The CET1 Ratio was 14.07% in 2Q26, compared to 13.75% in 1Q26 and 13.99% in 2Q25. - The Tangible Common Equity Ratio was 10.90% in 2Q26, compared to 10.66% in 1Q26 and 10.20% in 2Q25. - Tangible Book Value per Share was $31.12 in 2Q26, compared to $30.14 in 1Q26 and $27.67 in 2Q25. ### Outlook OFG Bancorp anticipates capitalizing on long-term growth opportunities, supported by its operational strength, disciplined execution, and customer-focused approach. This positive outlook is further bolstered by a stable Puerto Rico economy, which benefits from ongoing federal reconstruction funds, a strong labor market, and private sector investments. The company aims to continue its momentum across all businesses, driven by its differentiated operating model and excellent customer engagement. ### Related Stocks - [OFG.US](https://longbridge.com/en/quote/OFG.US.md) ## Related News & Research - [OFG Bancorp declares $0.35 quarterly dividend per share](https://longbridge.com/en/news/293516302.md) - [OFG Bancorp CEO and Chairman Jose Rafael Fernandez disposes of 52,352 common shares for $2.75 million](https://longbridge.com/en/news/294109779.md) - [What to Expect From Ulta Beauty’s Q2 2026 Earnings Report](https://longbridge.com/en/news/293941254.md) - [First Trust Advisors LP Acquires 281,593 Shares of OFG Bancorp $OFG](https://longbridge.com/en/news/293816528.md) - [OFG Bancorp (NYSE:OFG) Releases Earnings Results, Beats Expectations By $0.21 EPS](https://longbridge.com/en/news/293353232.md)