OFG projects net interest margin near 5.25% for 2026’s balance while resuming buybacks (NYSE:OFG)

OFG Bancorp reported Q3 2026 earnings with EPS of $1.33, efficiency ratio of 52%, and ROA of 1.86%. Key metrics showed 5% growth in net new customers, 24% in active digital users, and 11% in virtual teller use. Core revenues decreased $4.5M to $186M, while non-interest expenses decreased $6.6M to $96M. The company expects low single-digit loan growth and deposit growth, with NIM near 5.25%.

OFG Bancorp reported Q3 net interest margin of 5.23%, with loan yield declining 22 bps. Management expects margin to stay near 5.25% for 2026. Digital banking initiatives drove a 24% increase in active users. Credit quality remained resilient, with net charge-offs at 0.70%. The company repurchased $13.5M in stock and has $180M remaining in its buyback program.

OFG Bancorp reported Q3 2026 earnings of $1.33 per share, beating estimates by $0.10, while revenue of $185.7 million missed forecasts by $1.41 million. Profit rose 15% year-over-year due to lower expenses and improved credit quality. Shares fell 3.38% in premarket trading to $51.16, despite strong profitability metrics and share repurchases. Management highlighted growth in digital banking and commercial lending, but noted challenges like deposit competition and slower revenue growth.

OFG BANCORP (OFG) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99 OFG Bancorp Reports 3Q26 Results SAN JUAN, Puerto Rico, October 21, 2026 – OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, today reported results for the third quarter ended September 30, 2026. EPS diluted of $1.33 compared to $1.39 in 2Q26 an

OFG Bancorp (NYSE: OFG) reported Q3 EPS of $1.33, beating estimates by $0.10, but revenue of $185.7M missed expectations. The stock is up 1.05% over 3 months and 33.71% over 12 months. Analysts revised EPS positively 4 times in the last 90 days. InvestingPro rates its financial health as 'good performance'.

OFG Bancorp reported Q3 2026 diluted EPS of $1.33, down from $1.39 in Q2 2026 but up from $1.16 in Q3 2025. Core revenues were $185.7M, slightly lower than $190.3M in Q2 2026 but higher than $184.0M in Q3 2025. The company maintains steady profitability with strong net interest margins and controlled credit metrics.