Ofg Bancorp · NYSE:OFG
Ofg Bancorp — Q4 2025 Earnings Presentation
28 slides from Ofg Bancorp's earnings presentation, Jan 22, 2026
Slide 1: Quarterly Results 4Q25 Conference Call
Quarterly Results 4Q25 Conference Call January 22, 2026
Slide 2: Forward Looking Statements
Forward Looking Statements The information included in this document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and involve certain risks and uncertainties tha
Slide 3: 4Q25 Summary
4Q25 Summary Income Statement Balance Sheet (EOP) Capital Capital Management • EPS $1.27 • Total Assets $12.5B • CET1 13.97% • Buybacks: $40.1M of • Total Core Revenues • Customer Deposits $9.9B • Tier 1 Risk-Based 13.97% share repurchases $185.4M • Loans Held for Investment • Total Risk-Based 15.24
Slide 4: 2025 Summary
2025 Summary Income Statement Balance Sheet (EOP) Capital Capital Management • EPS $4.58 • Total Assets $12.5B • CET1 13.97% • Buybacks: $91.6M of • Total Core Revenues • Customer Deposits $9.9B • Tier 1 Risk-Based 13.97% share repurchases $729.8M • Loans Held for Investment • Total Risk-Based 15.24
Slide 5: Digital First: Leader in Banking Innovation in Puerto Rico
Digital First: Leader in Banking Innovation in Puerto Rico 5
Slide 6: Digital First: Driving Growth
Digital First: Driving Growth Retail Digital/Self-Service Channel Use (4Q25) • 96% of all routine transactions • 98% of all deposit transactions • 71% of all loan payments Key Drivers (4Q25 vs. 4Q24) • +9% digital enrollment • +5% digital loan payments • +10% virtual teller use • +4.26% net customer
Slide 7: Financial Highlights
Financial Highlights Total Core Revenues ($M) EPS TBV Per Common Share $184 $185 $29.96 $182 $1.27 $182 $28.92 $178 $1.15 $1.16 $27.67 $174 $1.09 $26.66 $26.15 $1.00 $1.00 $25.43 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Efficiency Ratio ROAA ROATCE 1.
Slide 8: Operational Highlights
Operational Highlights Loans ($B, Avg. Balance) Core Deposits ($B, Avg. Balance) New Loan Origination ($M) $8.10 $8.12 $9.87 $9.93 $784 $9.59 $9.56 $9.62 $9.74 $7.96 $7.72 $7.78 $7.63 $609 $624 $606 $572 $559 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 L
Slide 9: Credit Quality & Capital Strength
Credit Quality & Capital Strength NCO Rate Provision ($M) NPL Rate $31.9 $30.2 $28.3 $25.7 1.32% $21.4 $21.7 1.59% 1.05% 1.00% 1.22% 0.90% 1.11% 1.19% 1.03% 1.06% 0.82% 0.64% 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 CET1 Ratio Total Stockholder's Equi
Slide 10: Positive Outlook
Positive Outlook Puerto Rico • Economy is performing well, business and consumer liquidity levels are good, salaries are growing, and unemployment is historically low • Public reconstruction funds and private investments are producing economic tailwinds • New on-shoring investments have been announc
Slide 11: Appendix
Appendix
Slide 12: Snapshot (December 31, 2025)
Snapshot (December 31, 2025) Branches, Kiosks, ATMs & ITMs in All Major PR & USVI Markets Value Proposition Puerto Rico USVI Total • Puerto Rico’s challenger bank Branches 42 2 44 • Target specific retail and commercial customer Self-Service Kiosks 17 2 19 segments ATMs 283 12 295 • “Más Que Listo (
Slide 13: History of Capital Management & Growth
History of Capital Management & Growth • Organic growth and acquisitions have transformed OFG's Oriental into a full- Assets ($B) Loans ($B) service, island-wide financial institution $12.5 $8.0 $7.4 $7.6 • From 2002-2025, our local $11.3 $11.5 $6.6 $6.7 $6.5 deposits have expanded 10.1x $6.3 $9.9 w
Slide 14: 4Q25 Asset Balance Evolution ($M)
4Q25 Asset Balance Evolution ($M) $300 $12,466 $154 $79 $12,232 $31 $12,230 $(112) $(47) $(75) $(96) 6/30/2025 Loans Other Investment Cash 9/30/2025 Loans Other Investment Cash 12/31/2025 14
Slide 15: 4Q25 Loan Balance Evolution ($M)
4Q25 Loan Balance Evolution ($M) $107 $8,201 $8,181 $5 $(3) $(10) $8,117 $(15) $(39) $(15) $(10) 6/30/2025 Mortgage Commercial Consumer Auto 9/30/2025 Mortgage Commercial Consumer Auto 12/31/2025 15
Slide 16: 4Q25 Core Deposit Balance Evolution ($M)
4Q25 Core Deposit Balance Evolution ($M) $9,896 $44 $51 $8 $9,923 $77 $9,820 $(144) $(9) 6/30/2025 Time Savings Demand 9/30/2025 Time Savings Demand 12/31/2025 16
Slide 17: 4Q25 Deposit Balance Evolution: Retail vs. Commercial, Ex-Public Funds
4Q25 Deposit Balance Evolution: Retail vs. Commercial, Ex-Public Funds ($M) $8,273 $6 $38 $8,247 $8,170 $39 $(109) 6/30/2025 Retail Commercial 9/30/2025 Retail Commercial 12/31/2025 17
Slide 18: Residential Mortgage Loans ($M)
Residential Mortgage Loans ($M) Portfolio New Loan Origination $56 $1,484 $1,471 $1,436 $1,415 $1,400 $1,390 $45 $43 $42 $37 $37 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 NPLs NCO Rate -0.06% -0.10% -0.22% -0.14% -0.14% -0.13% $19.0 $17.2 $17.7 $17.6 $17.1 $16.0
Slide 19: Commercial Loans ($M)
Commercial Loans ($M) Portfolio New Loan Origination $825 $832 $830 $147 $680 $704 $727 $116 $2,660 $112 $2,598 $2,553 $2,438 $2,399 $2,426 $44 $254 $211 $58 $217 $67 $202 $163 $150 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 NPLs NCO Rate 1.11% $38 P.R. 0.02% 0.1
Slide 20: Auto Loans ($M)
Auto Loans ($M) Portfolio New Loan Origination $2,593 $2,662 $2,647 $2,637 $2,484 $2,549 $250 $242 $232 $233 $173 $179 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 NPLs NCO Rate $20.1 $20.8 1.81% 1.64% 1.63% 1.63% $17.0 $16.0 $15.0 $14.0 1.11% 1.45% 3Q24 4Q24 1Q25
Slide 21: Consumer Loans ($M)
Consumer Loans ($M) Portfolio New Loan Origination $664 $669 $671 $681 $686 $684 $87 $77 $76 $69 $68 $68 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 NPLs NCO Rate 4.70% $4.4 4.34% $4.2 $4.2 $3.6 $3.8 3.85% 4.55% $3.5 3.72% 3.50% 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 3Q24
Slide 22: Credit Quality
Credit Quality NCO Rate NPL Rate 1.32% 1.59% 1.05% 1.00% 0.90% 1.19% 1.22% 0.82% 1.06% 1.11% 1.03% 0.64% 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Early Delinquency Rate Total Delinquency Rate* 2.95% 2.84% 4.38% 2.78% 2.80% 4.10% 4.18% 4.06% 2.46% 3.59% 2.19% 3.49% 3Q24 4Q24 1Q25 2
Slide 23: Allowance
Allowance ACL / Total Loans Held for Investment 2.44% 2.47% 2.26% 2.31% 2.32% 2.14% 2.08% 2.08% 2.06% 12/31/23 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 ACL by % of Portfolio 12/31/23 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 Auto 3.23 % 3.26 % 3.33 %
Slide 24: Core Non-Interest Income ($M)
Core Non-Interest Income ($M) Total Banking Services $32.8 $32.6 $16.6 $15.6 $16.0 $16.0 $15.9 $30.2 $29.3 $15.3 $29.2 $26.3 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Wealth Management Mortgage Banking $6.8 $11.4 $10.6 $5.3 $8.9 $9.0 $4.8 $4.7 $8.4 $8.5 $4.3 $2.3 3Q24 4Q24 1Q25 2Q2
Slide 25: Capital: Fortress Balance Sheet
Capital: Fortress Balance Sheet Basel III Standardized ($ in millions except per share) 4Q24 1Q25 2Q25 3Q25 4Q25 CET1 Capital $ 1,256.9 $ 1,261.7 $ 1,293.0 $ 1,313.6 $ 1,318.6 CET1 Capital Ratio 14.26 % 14.27 % 13.99 % 14.13 % 13.97 % Tier 1 Capital $ 1,256.9 $ 1,261.7 $ 1,293.0 $ 1,313.6 $ 1,318.6
Slide 26: Income Statement Highlights: 4Q25 vs. 3Q25
Income Statement Highlights: 4Q25 vs. 3Q25 $ in millions 4Q25 3Q25 Δ Comment Total Interest Income • Cash $ 7.9 $ 8.6 $ (0.7) • 2% higher average balance & 42 bps lower yield • Investment Securities 31.1 30.3 0.8 • 3% higher average balance & 1 bps higher yield • Loans 158.2 161.3 (3.1) • 0.2% highe
Slide 27: Income Statement Highlights: 4Q25 vs. 4Q24
Income Statement Highlights: 4Q25 vs. 4Q24 $ in millions 4Q25 4Q24 Δ Comment Total Interest Income • Cash $ 7.9 $ 6.5 $ 1.4 • 44% higher average balance & 74 bps lower yield • Investment Securities 31.1 28.3 2.8 • 7% higher average balance & 10 bps higher yield • Loans 158.2 155.3 2.9 • 5% higher av
Slide 28: Thank you.
Thank you. Contact: IR Coordinators Gary Fishman gfishman@ofgbancorp.com Michael Wichman mwichman@ofgbancorp.com 212-532-3232