OFG
Income statement / Annual
Last year (2024), OFG Bancorp's total revenue was $822.78 M,
an increase of 13.00% from the previous year.
In 2024, OFG Bancorp's net income was $198.17 M.
See OFG Bancorp,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$822.78 M |
$728.15 M |
$598.51 M |
$539.08 M |
$541.21 M |
$429.88 M |
$400.92 M |
$387.77 M |
$385.91 M |
$386.42 M |
| Cost of Revenue |
$244.09 M
|
$148.65 M
|
$57.61 M
|
$42.05 M
|
$157.59 M
|
$147.79 M
|
$100.63 M
|
$154.61 M
|
$122.24 M
|
$230.70 M
|
| Gross Profit |
$578.69 M
|
$579.50 M
|
$540.89 M
|
$497.03 M
|
$383.62 M
|
$282.09 M
|
$300.29 M
|
$233.16 M
|
$263.67 M
|
$155.72 M
|
| Gross Profit Ratio |
0.7
|
0.8
|
0.9
|
0.92
|
0.71
|
0.66
|
0.75
|
0.6
|
0.68
|
0.4
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$170.96 M
|
$167.67 M
|
$152.83 M
|
$144.67 M
|
$145.52 M
|
$87.06 M
|
$83.86 M
|
$86.05 M
|
$86.96 M
|
$89.66 M
|
| Selling & Marketing Expenses |
$9.71 M
|
$8.74 M
|
$8.24 M
|
$7.00 M
|
$5.85 M
|
$5.21 M
|
$5.08 M
|
$5.62 M
|
$5.49 M
|
$6.45 M
|
| Selling, General & Administrative Expenses |
$180.68 M
|
$176.42 M
|
$161.07 M
|
$151.67 M
|
$151.38 M
|
$92.27 M
|
$88.95 M
|
$91.66 M
|
$92.44 M
|
$96.11 M
|
| Other Expenses |
$144.26 M
|
$139.19 M
|
$135.72 M
|
$130.76 M
|
$137.42 M
|
$114.57 M
|
$78.54 M
|
$73.41 M
|
$86.05 M
|
$79.67 M
|
| Operating Expenses |
$324.94 M
|
$314.26 M
|
$296.79 M
|
$282.43 M
|
$288.80 M
|
$206.84 M
|
$167.49 M
|
$165.07 M
|
$178.49 M
|
$175.78 M
|
| Cost And Expenses |
$569.03 M
|
$462.90 M
|
$354.40 M
|
$324.48 M
|
$446.38 M
|
$354.63 M
|
$268.12 M
|
$319.68 M
|
$300.73 M
|
$406.47 M
|
| Interest Income |
$750.28 M
|
$648.88 M
|
$515.57 M
|
$449.20 M
|
$473.35 M
|
$373.80 M
|
$360.42 M
|
$345.65 M
|
$356.59 M
|
$406.57 M
|
| Interest Expense |
$161.84 M
|
$88.01 M
|
$33.49 M
|
$41.83 M
|
$64.92 M
|
$51.00 M
|
$44.53 M
|
$41.48 M
|
$57.17 M
|
$69.20 M
|
| Depreciation & Amortization |
$26.79 M
|
$27.29 M
|
$24.31 M
|
$23.93 M
|
$23.76 M
|
$9.68 M
|
$10.22 M
|
$10.46 M
|
$11.10 M
|
$13.01 M
|
| EBITDA |
$280.54 M |
$291.82 M |
$268.53 M |
$238.53 M |
$118.58 M |
$84.93 M |
$143.02 M |
$78.55 M |
$96.28 M |
-$7.05 M |
| EBITDA Ratio |
0.34
|
0.4
|
0.45
|
0.44
|
0.22
|
0.2
|
0.36
|
0.2
|
0.25
|
-0.02
|
| Operating Income Ratio |
0.31
|
0.36
|
0.41
|
0.4
|
0.18
|
0.18
|
0.33
|
0.18
|
0.22
|
-0.05
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$253.75 M
|
$265.25 M
|
$244.11 M
|
$214.60 M
|
$94.83 M
|
$75.25 M
|
$132.80 M
|
$68.09 M
|
$85.18 M
|
-$20.06 M
|
| Income Before Tax Ratio |
0.31
|
0.36
|
0.41
|
0.4
|
0.18
|
0.18
|
0.33
|
0.18
|
0.22
|
-0.05
|
| Income Tax Expense |
$55.58 M
|
$83.38 M
|
$77.87 M
|
$68.45 M
|
$20.50 M
|
$21.41 M
|
$48.39 M
|
$15.44 M
|
$25.99 M
|
-$17.55 M
|
| Net Income |
$198.17 M
|
$181.87 M
|
$166.24 M
|
$146.15 M
|
$74.33 M
|
$53.84 M
|
$84.41 M
|
$52.65 M
|
$59.19 M
|
-$2.50 M
|
| Net Income Ratio |
0.24
|
0.25
|
0.28
|
0.27
|
0.14
|
0.13
|
0.21
|
0.14
|
0.15
|
-0.01
|
| EPS |
4.25 |
3.85 |
3.46 |
2.85 |
1.32 |
0.93 |
1.59 |
0.88 |
1.03 |
-0.37 |
| EPS Diluted |
4.23 |
3.82 |
3.44 |
2.81 |
1.32 |
0.92 |
1.52 |
0.86 |
1.03 |
-0.37 |
| Weighted Average Shares Out |
$46.64 M
|
$47.26 M
|
$48.03 M
|
$50.96 M
|
$51.36 M
|
$51.34 M
|
$45.40 M
|
$43.94 M
|
$43.91 M
|
$44.23 M
|
| Weighted Average Shares Out Diluted |
$46.90 M
|
$47.55 M
|
$48.44 M
|
$51.37 M
|
$51.56 M
|
$51.72 M
|
$51.35 M
|
$51.10 M
|
$51.09 M
|
$51.46 M
|
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