Ofg Bancorp · NYSE:OFG
Ofg Bancorp — Q3 2025 Earnings Presentation
26 slides from Ofg Bancorp's earnings presentation, Oct 22, 2025
Slide 1: Quarterly Results 3Q25 Conference Call
Quarterly Results 3Q25 Conference Call October 22, 2025
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: 3Q25 Summary
3Q25 Summary Income Statement Balance Sheet (EOP) Capital Capital Actions • EPS $1.16 • Total Assets $12.2B • CET1 14.13% • Stock Buyback: 477,641 • Total Core Revenues • Customer Deposits $9.8B • Tier 1 Risk-Based 14.13% common shares $184.0M • Loans Held for Investment • Total Risk-Based 15.39% •
Slide 4: Driving Growth Through Digital, Innovation, and AI
Driving Growth Through Digital, Innovation, and AI 4
Slide 5: Financial Highlights
Financial Highlights Total Core Revenues ($M) EPS TBV Per Common Share $184 $28.92 $182 $182 $1.15 $1.16 $27.67 $179 $178 $1.08 $1.09 $26.66 $26.15 $174 $1.00 $1.00 $25.43 $24.18 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Efficiency Ratio ROAA ROATCE 54
Slide 6: Operational Highlights
Operational Highlights Loans ($B, Avg. Balance) Core Deposits ($B, Avg. Balance) New Loan Origination ($M) $8.10 $9.74 $9.87 $784 $7.96 $9.60 $9.59 $9.56 $9.62 $7.72 $7.78 $7.61 $7.63 $609 $624 $589 $572 $559 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 L
Slide 7: Credit Quality & Capital Strength
Credit Quality & Capital Strength NCO Rate Provision ($M) NPL Rate $30.2 $28.3 $25.7 $21.4 $21.7 1.00% 1.19% 1.22% 0.79% 0.82% $15.6 1.03% 1.06% 1.11% 0.64% 1.01% 1.05% 0.90% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 CET1 Ratio Total Stockholder's Equi
Slide 8: Positive Outlook
Positive Outlook Puerto Rico • Economy performing well • Wages and employment at historically high levels • Solid consumer and business liquidity • Summer tourism surge • New on-shoring investments OFG • Continue differentiated approach to customer service through Digital First, Innovation, AI and o
Slide 9: Appendix
Appendix
Slide 10: Snapshot (September 30, 2025)
Snapshot (September 30, 2025) Branches, Kiosks, ATMs & ITMs in All Major PR & USVI Markets Value Proposition Puerto Rico USVI Total • Puerto Rico’s challenger bank Branches 42 2 44 • Target specific retail and commercial customer Self-Service Kiosks 16 2 18 segments ATMs 301 12 313 • “Más Que Listo
Slide 11: History of Capital Management & Growth
History of Capital Management & Growth • Organic growth and acquisitions have transformed OFG's Oriental into a full- Assets ($B) Loans ($B) service, island-wide financial institution $12.2 $7.9 $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 $9.9 w
Slide 12: 3Q25 Asset Balance Evolution ($M)
3Q25 Asset Balance Evolution ($M) $154 $141 $12,232 $31 $12,230 $321 $42 $(112) $(75) $(1) $11,729 3/31/2025 Loans Other Investment Cash 6/30/2025 Loans Other Investment Cash 9/30/2025 12
Slide 13: 3Q25 Loan Balance Evolution ($M)
3Q25 Loan Balance Evolution ($M) $69 $8,181 $5 $8,117 $270 $10 $(15) $(39) $(15) $7,853 $(21) 3/31/2025 Mortgage Commercial Consumer Auto 6/30/2025 Mortgage Commercial Consumer Auto 9/30/2025 13
Slide 14: 3Q25 Core Deposit Balance Evolution ($M)
3Q25 Core Deposit Balance Evolution ($M) $155 $24 $9,896 $9,757 $77 $9,820 $(40) $(9) $(144) 3/31/2025 Time Savings Demand 6/30/2025 Time Savings Demand 9/30/2025 14
Slide 15: 3Q25 Deposit Balance Evolution: Retail vs. Commercial
3Q25 Deposit Balance Evolution: Retail vs. Commercial, Ex-Public Funds ($M) $8,220 $85 $8,273 $6 $8,170 $(32) $(109) 3/31/2025 Retail Commercial 6/30/2025 Retail Commercial 9/30/2025 15
Slide 16: Residential Mortgage Loans ($M)
Residential Mortgage Loans ($M) Portfolio New Loan Origination $56 $1,485 $1,484 $1,471 $1,436 $1,415 $1,400 $43 $42 $39 $37 $37 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 NPLs NCO Rate -0.16% -0.14% -0.13% -0.06% -0.14% -0.22% $19.0 $17.6 $17.2 $17.7 $17.1 $16.0
Slide 17: Commercial Loans ($M)
Commercial Loans ($M) Portfolio New Loan Origination $825 $832 $147 $662 $680 $704 $727 $116 $2,598 $2,553 $2,420 $2,438 $2,399 $2,426 $44 $254 $27 $211 $58 $217 $67 $192 $163 $150 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 NPLs NCO Rate 0.10% $39 0.03% 0.02% $38
Slide 18: Auto Loans ($M)
Auto Loans ($M) Portfolio New Loan Origination $2,593 $2,662 $2,647 $2,484 $2,549 $251 $250 $2,428 $242 $232 $233 $173 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 NPLs NCO Rate $20.1 $16.7 $17.0 $16.0 1.64% 1.63% 1.63% $15.0 $14.0 1.45% 1.11% 1.11% 2Q24 3Q24 4Q24 1
Slide 19: Consumer Loans ($M)
Consumer Loans ($M) Portfolio New Loan Origination $664 $669 $671 $681 $686 $644 $87 $80 $77 $76 $69 $68 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 NPLs NCO Rate 4.70% 4.42% 4.34% $4.2 $4.2 $3.6 $3.8 $3.5 3.72% $3.3 3.50% 3.85% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2Q24 3
Slide 20: Credit Quality
Credit Quality NCO Rate NPL Rate 1.19% 1.22% 1.06% 1.11% 1.05% 1.01% 1.03% 1.00% 0.90% 0.79% 0.82% 0.64% 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Early Delinquency Rate Total Delinquency Rate* 2.95% 2.84% 4.38% 2.81% 2.78% 4.10% 4.06% 2.46% 3.71% 3.59% 2.19% 3.49% 2Q24 3Q24 4Q24 1
Slide 21: Allowance
Allowance ACL / Total Loans Held for Investment 2.44% 2.26% 2.31% 2.32% 2.17% 2.14% 2.08% 2.06% 2.08% 9/30/23 12/31/23 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 ACL by % of Portfolio 9/30/23 12/31/23 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 Auto 3.25 % 3.23 % 3.26 % 3.
Slide 22: Core Non-Interest Income ($M)
Core Non-Interest Income ($M) Total Banking Services $18.8 $32.1 $32.8 $16.0 $16.0 $15.6 $15.9 $30.2 $29.3 $15.3 $29.2 $26.3 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Wealth Management Mortgage Banking $6.8 $10.6 $5.3 $8.9 $9.0 $4.9 $4.8 $8.4 $8.4 $8.5 $4.3 $2.3 2Q24 3Q24 4Q24 1Q25
Slide 23: Capital: Fortress Balance Sheet
Capital: Fortress Balance Sheet Basel III Standardized ($ in millions except per share) 3Q24 4Q24 1Q25 2Q25 3Q25 CET1 Capital $ 1,260.9 $ 1,256.9 $ 1,261.7 $ 1,293.0 $ 1,313.6 CET1 Capital Ratio 14.37 % 14.26 % 14.27 % 13.99 % 14.13 % Tier 1 Capital $ 1,260.9 $ 1,256.9 $ 1,261.7 $ 1,293.0 $ 1,313.6
Slide 24: Income Statement Highlights: 3Q25 vs. 2Q25
Income Statement Highlights: 3Q25 vs. 2Q25 $ in millions 3Q25 2Q25 Δ Comment Total Interest Income • Cash $ 8.6 $ 8.1 $ 0.5 • 5% higher average balance & 2 bps lower yield • Investment Securities 30.3 29.3 1.0 • 3% higher average balance & 2 bps higher yield • Loans 161.3 157.0 4.3 • 2% higher avera
Slide 25: Income Statement Highlights: 3Q25 vs. 3Q24
Income Statement Highlights: 3Q25 vs. 3Q24 $ in millions 3Q25 3Q24 Δ Comment Total Interest Income • Cash $ 8.6 $ 8.4 $ 0.2 • 24% higher average balance & 95 bps lower yield • Investment Securities 30.3 26.3 4.0 • 10% higher average balance & 19 bps higher yield • 6% higher average balance & 15 bps
Slide 26: Thank you.
Thank you. Contact: IR Coordinators Gary Fishman gfishman@ofgbancorp.com Michael Wichman mwichman@ofgbancorp.com 212-532-3232