OFG Bancorp 3Q26 EPS $1.33, up 14.7% YoY; core revenue $185.7M, provision $18.1M

OFG BANCORP

Diluted EPS $1.33 vs $1.39 in 2Q26 and $1.16 in 3Q25 (+14.7% YoY); total core revenues $185.7M vs $190.3M sequentially and $184.0M a year ago (+1.0%).
Provision for credit losses $18.1M vs $13.0M in 2Q26 and $28.3M in 3Q25, driven by $17.5M for loan growth and $1.3M seasonal auto delinquency; NCO rate 0.70%, NPL rate 0.74%.
Net interest margin 5.23%, ROA 1.86%, ROTCE 17.06%, efficiency ratio 51.83%; pre-provision net revenue $89.9M vs $87.5M in 2Q26 and $89.6M in 3Q25.
Loans held for investment $8.45B, up 1.8% sequentially and 4.1% YoY; new loan production $693.8M vs $755.0M in 2Q26 and $623.9M in 3Q25; customer deposits $9.66B, down 0.8% sequentially.
Repurchased $13.5M of common shares; CET1 14.10% vs 14.07% in 2Q26; tangible book value per share $29.66 vs $31.12 sequentially, reflecting AOCI change.

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