OFG BANCORP (OFG)

OFG Bancorp is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer, and mortgage loans. The Wealth Management segment is involved in financial planning, money management and investment banking, brokerage services, insurance sales activity, corporate and individual trust and retirement services, and retirement plan administration services. The Treasury segment focuses on all its asset and liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company was founded in 1964 and is headquartered in San Juan, Puerto Rico.

Address

254 MU?OZ RIVERA AVENUE
SAN JUAN, PR 00918

Founded

1964

Number of Employees

2,248

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$16,916 $8,923 - - - - $2,221 $9,744 $64,111 $18,655 $24,284 $20,693
Average Price $14.66 $11.10 - - - - $12.69 $26.39 $27.26 $25.08 $36.29 $23.11
# Shares Purchased 1,153,998 803,985 - - - - 175,000 369,193 2,351,868 743,699 669,200 895,278
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 193.3% 287.4% - - - - 238.8% 62.9% 57.7% 71.4% 18.5% 86.0%
S&P 500 Return to Date 181.9% 173.0% - - - - 74.8% 31.7% 37.3% 31.3% 7.4% 76.8%
Excess Total Return 11.5% 114.5% - - - - 164.0% 31.3% 20.5% 40.1% 11.1% 9.3%
Quartile Rank
Percentile Rank 74% 84% - - - - 92% 82% 82% 92% 76% 82%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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