Ofg Bancorp · NYSE:OFG
Ofg Bancorp — Q2 2026 Earnings Presentation
29 slides from Ofg Bancorp's earnings presentation, Jul 21, 2026
Slide 1: Quarterly Results 2Q26 Conference Call
Quarterly Results 2Q26 Conference Call July 21, 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: 2Q26 Summary
2Q26 Summary Income Statement Balance Sheet (EOP) Capital • EPS $1.39 • Total Assets $12.2B • CET1 14.07% • Total Core Revenues $190.3M • Customer Deposits $9.7B • Tier 1 Risk-Based 14.07% • NIM 5.45% • Loans Held for Investment $8.3B • Total Risk-Based 15.33% • Provision $13.0M • New Loan Productio
Slide 4: Digital at the Core: Leading Puerto Rico's Digital Banking Transformation
Digital at the Core: Leading Puerto Rico's Digital Banking Transformation 4
Slide 5: Digital Banking at Scale: Delivering Value Every Day
Digital Banking at Scale: Delivering Value Every Day Key Performance Indicators Delivering Value (2Q26 vs. 2Q25) (YTD June 2026) • +4% net customers • 28% of Libre accounts opened (retail+commercial) digitally • +11% 90-day digital active users • +1.1 million Smart Banking insights • +6% digital loa
Slide 6: Performance Metrics
Performance Metrics EPS Efficiency Ratio ROAA $1.39 $1.27 $1.26 $1.15 $1.16 56.65% 1.93% 1.81% 1.78% $1.00 54.04% 1.73% 1.69% 52.42% 52.04% 52.48% 1.56% 50.97% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 ROATCE Loans/Deposits Ratio Payout Ratio 85.4% 29.
Slide 7: Income Statement ($M)
Income Statement ($M) Total Core Revenues Total Interest Income Total Interest Expense $190 $200 $45 $44 $194 $197 $194 $197 $42 $189 $40 $40 $40 $185 $186 $184 $182 $178 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Core Non-Interest Income Non-Interest E
Slide 8: Balance Sheet
Balance Sheet Loans ($B, Avg. Balance) New Loan Origination ($M) Core Deposits ($B, Avg. Balance) $9.6 $9.7 $9.9 $9.9 $9.7 $9.6 $8.0 $8.1 $8.1 $8.2 $8.2 $7.8 $784 $755 $624 $606 $609 $559 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Cash ($M, Average Bala
Slide 9: NIM & NII
NIM & NII Loan Yield Core Deposit Cost Net Interest Margin 7.99% 7.91% 7.90% 7.90% 5.42% 5.31% 5.36% 5.45% 7.87% 5.24% 5.12% 7.73% 1.47% 1.42% 1.42% 1.42% 1.29% 1.29% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Net Interest Income ($M) Evolution $3.9 $1.
Slide 10: Capital
Capital CET1 Ratio Total Stockholder's Equity ($B) TCE Ratio $1.38 $1.39 $1.37 $1.41 10.90% $1.33 14.27% 13.99% 14.13% 13.97% $1.30 10.55% 10.47% 10.66% 13.75% 14.07% 10.30% 10.20% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 TBV Per Co
Slide 11: Credit & Asset Quality
Credit & Asset Quality NCO Rate NPL Rate Provision ($M) $31.9 $28.3 $25.7 $21.7 $22.5 1.32% 1.40% 1.59% 1.47% 1.05% 1.00% 1.05% 1.19% 1.22% 1.11% 0.64% $13.0 0.81% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Early Delinquency Rate Total Delinquency Rate
Slide 12: Outlook
Outlook Puerto Rico • Resilient economy, supported by healthy consumer and business liquidity, wage growth and historically low unemployment • Federal reconstruction funding, infrastructure projects, and private investment continue to support economic activity • Manufacturing expansion and new on-sh
Slide 13: Appendix
Appendix
Slide 14: Overview (June 30, 2026)
Overview (June 30, 2026) • Puerto Rico’s Digital Bank with a Human Touch Puerto Rico & U.S. Virgin Islands Footprint • Differentiated challenger with fast, efficient and convenient service for both retail and commercial customers • 3rd largest bank in Puerto Rico by deposits1 • Founded in 1964, serv
Slide 15: History of Capital Management & Growth
History of Capital Management & Growth • Organic growth and acquisitions have transformed OFG's Oriental into a full- Assets ($B) Loans ($B) service, island-wide financial institution $12.5 $8.0 $8.1 $12.2 $7.6 $7.4 • From 2002-2025, our local $11.3 $11.5 $6.6 $6.7 $6.5 deposits have expanded 10.1x
Slide 16: 2Q26 Asset Balance Evolution ($M)
2Q26 Asset Balance Evolution ($M) $12,466 $26 $15 $(55) $77 $11 $110 $12,155 $12,048 $(404) $(91) 12/31/2025 Loans Other Investments Cash 3/31/2026 Loans Other Investments Cash 6/30/2026 16
Slide 17: 2Q26 Loan Balance Evolution ($M)
2Q26 Loan Balance Evolution ($M)* $66 $9 $8,297 $63 $8,235 $8,201 $(7) $(6) $(6) $(6) $(17) 12/31/2025 Mortgage Commercial Consumer Auto 3/31/2026 Mortgage Commercial Consumer Auto 6/30/2026 * Gross loans held-for-investment 17
Slide 18: 2Q26 Core Deposit Balance Evolution ($M)
2Q26 Core Deposit Balance Evolution ($M) $555 $107 $9,923 $81 $(10) $9,744 $9,659 $(452) $(460) 12/31/2025 Time Savings Demand 3/31/2026 Time Savings Demand 6/30/2026 18
Slide 19: 2Q26 Core Deposit Balance Evolution (Ex-Public Funds) ($M)
2Q26 Core Deposit Balance Evolution (Ex-Public Funds) ($M) $99 $8,398 $7 $37 $8,442 $8,247 $52 12/31/2025 Retail Commercial 3/31/2026 Retail Commercial 6/30/2026 19
Slide 20: Residential Mortgage Loans ($M)
Residential Mortgage Loans ($M) Portfolio New Loan Origination $56 $56 $1,436 $1,415 $1,400 $1,390 $1,374 $1,367 $45 $42 $42 $37 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 NPLs NCO Rate -0.14% -0.13% -0.10% -0.09% -0.10% -0.22% $17.7 $17.6 $18.1 $17.1 $16.5 $16.0
Slide 21: Commercial Loans ($M)
Commercial Loans ($M) Portfolio New Loan Origination $872 $871 $95 $825 $832 $830 $147 $727 $2,660 $2,681 $2,748 $116 $333 $2,598 $2,553 $112 $2,426 $103 $254 $58 $217 $202 $200 $163 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 NPLs NCO Rate $38 2.01% $34 1.11% P.R.
Slide 22: Auto Loans ($M)
Auto Loans ($M) Portfolio New Loan Origination $2,593 $2,662 $2,647 $2,637 $2,630 $2,624 $250 $233 $195 $188 $173 $179 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 NPLs NCO Rate $20.8 1.81% 1.63% 1.45% 1.52% $16.0 $15.0 $14.9 $14.6 $14.0 1.11% 1.11% 1Q25 2Q25 3Q25 4
Slide 23: Consumer Loans ($M)
Consumer Loans ($M) Portfolio New Loan Origination $671 $681 $686 $684 $678 $687 $82 $77 $76 $68 $68 $68 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 NPLs NCO Rate 4.55% $4.4 4.34% 4.40% $4.2 $3.8 $3.8 $3.8 $3.5 3.85% 3.78% 3.50% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2
Slide 24: Allowance
Allowance ACL / Total Loans Held for Investment 2.44% 2.47% 2.48% 2.26% 2.31% 2.32% 2.27% 2.06% 2.08% 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 ACL by % of Portfolio 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 Auto 3.33 % 3.26 % 3.44 % 3.
Slide 25: Core Non-Interest Income ($M)
Core Non-Interest Income ($M) Total Banking Services $16.9 $17.4 $32.6 $32.0 $33.0 $16.6 $16.0 $16.0 $15.9 $30.2 $29.3 $29.2 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Wealth Management Mortgage Banking $11.4 $6.1 $5.9 $5.3 $9.7 $8.9 $9.0 $8.9 $4.8 $4.7 $8.5 $4.3 1Q25 2Q25 3Q25 4Q25
Slide 26: Capital: Fortress Balance Sheet
Capital: Fortress Balance Sheet Basel III Standardized ($ in millions except per share) 2Q25 3Q25 4Q25 1Q26 2Q26 CET1 Capital $ 1,293.0 $ 1,313.6 $ 1,318.6 $ 1,312.9 $ 1,359.9 CET1 Capital Ratio 13.99 % 14.13 % 13.97 % 13.75 % 14.07 % Tier 1 Capital $ 1,293.0 $ 1,313.6 $ 1,318.6 $ 1,312.9 $ 1,359.9
Slide 27: Income Statement Highlights: 2Q26 vs. 1Q26
Income Statement Highlights: 2Q26 vs. 1Q26 $ in millions 2Q26 1Q26 Δ Comment Total Interest Income • 2Q26 reflected $1.6 due to one extra day • Cash $ 5.5 $ 5.9 $ (0.4) • 7% lower average balance & 1 bps lower yield • Investment Securities 29.2 29.7 (0.5) • 3% lower average balance & 6 bps higher yi
Slide 28: Income Statement Highlights: 2Q26 vs. 2Q25
Income Statement Highlights: 2Q26 vs. 2Q25 $ in millions 2Q26 2Q25 Δ Comment Total Interest Income • Cash $ 5.5 $ 8.1 $ (2.6) • 18% lower average balance & 76 bps lower yield • Investment Securities 29.2 29.3 -0.1 • 1% lower average balance & 5 bps higher yield • Loans 162.4 157.0 5.4 • 4% higher av
Slide 29: Thank you.
Thank you. Contact: IR Coordinators Gary Fishman gfishman@ofgbancorp.com Michael Wichman mwichman@ofgbancorp.com 212-532-3232