Ofg Bancorp · NYSE:OFG
Ofg Bancorp — Q1 2026 Earnings Presentation
27 slides from Ofg Bancorp's earnings presentation, Apr 21, 2026
Slide 1: Quarterly Results 1Q26 Conference Call
Quarterly Results 1Q26 Conference Call April 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: 1Q26 Summary
1Q26 Summary Income Statement Balance Sheet (EOP) Capital Capital Actions • EPS $1.26 • Total Assets $12.0B • CET1 13.75% • Buybacks: $44.5M of share • Total Core Revenues • Customer Deposits $9.7B • Tier 1 Risk-Based 13.75% repurchases $185.8M • Loans Held for Investment • Total Risk-Based 15.01% •
Slide 4: Digital First: Leader in Banking Innovation in Puerto Rico
Digital First: Leader in Banking Innovation in Puerto Rico 4
Slide 5: Digital First: Driving Growth
Digital First: Driving Growth Retail Digital/Self-Service Channel Use (1Q26) • 96% of all routine transactions • 98% of all deposit transactions • 72% of all loan payments Key Drivers (1Q26 vs.1Q25) • +10% digital enrollment • +5% digital loan payments • +7% virtual teller use • +2.78% net customers
Slide 6: Financial Highlights
Financial Highlights Total Core Revenues ($M) EPS TBV Per Common Share $186 $1.27 $29.96 $30.14 $185 $1.26 $28.92 $184 $1.15 $1.16 $27.67 $182 $1.09 $26.66 $182 $1.00 $25.43 $178 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Efficiency Ratio ROAA ROATCE 56
Slide 7: Operational Highlights
Operational Highlights Loans ($B, Avg. Balance) Core Deposits ($B, Avg. Balance) New Loan Origination ($M) $8.10 $8.12 $8.17 $9.87 $9.93 $784 $9.56 $9.62 $9.74 $9.56 $7.96 $7.72 $7.78 $609 $624 $606 $609 $559 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 L
Slide 8: Credit Quality & Capital Strength
Credit Quality & Capital Strength NCO Rate Provision ($M) NPL Rate $31.9 $30.2 $28.3 $25.7 $21.7 $22.5 1.59% 1.32% 1.47% 1.05% 1.22% 0.82% 1.11% 1.19% 0.64% 1.06% 1.05% 1.00% 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 CET1 Ratio Total Stockholder's Equi
Slide 9: Outlook
Outlook Puerto Rico • Economy performing well, business and consumer liquidity levels good, unemployment historically low • Public reconstruction funds, private investments, and new on-shoring projects producing economic tailwinds Ranked in the Top 20 on the 2025 S&P • We are closely watching geopol
Slide 10: Appendix
Appendix
Slide 11: Snapshot (March 31, 2026)
Snapshot (March 31, 2026) Branches, Kiosks, ATMs & ITMs in All Major PR & USVI Markets Value Proposition Puerto Rico USVI Total • Puerto Rico’s challenger bank Branches 42 2 44 • Target specific retail and commercial customer Self-Service Kiosks 17 2 19 segments ATMs 291 12 303 • Our mission is to m
Slide 12: History of Capital Management & Growth
History of Capital Management & Growth • Organic growth and acquisitions have transformed OFG's Oriental into a full- Assets ($B) Loans ($B) service, island-wide financial institution $12.5 $8.0 $8.0 $12.0 $7.6 $7.4 • From 2002-2025, our local $11.3 $11.5 $6.6 $6.7 $6.5 deposits have expanded 10.1x
Slide 13: 1Q26 Asset Balance Evolution ($M)
1Q26 Asset Balance Evolution ($M) $300 $12,466 $26 $15 $79 $12,230 $(55) $(47) $12,048 $(96) $(404) 9/30/2025 Loans Other Investment Cash 12/31/2025 Loans Other Investment Cash 3/31/2026 13
Slide 14: 1Q26 Loan Balance Evolution ($M)
1Q26 Loan Balance Evolution ($M) $63 $8,235 $107 $8,201 $(6) $(6) $8,117 $(3) $(10) $(17) $(10) 9/30/2025 Mortgage Commercial Consumer Auto 12/31/2025 Mortgage Commercial Consumer Auto 3/31/2026 14
Slide 15: 1Q26 Core Deposit Balance Evolution ($M)
1Q26 Core Deposit Balance Evolution ($M) $107 $51 $8 $9,923 $81 $9,820 $44 $9,659 $(452) 9/30/2025 Time Savings Demand 12/31/2025 Time Savings Demand 3/31/2026 15
Slide 16: 1Q26 Deposit Balance Evolution: Retail vs. Commercial, Ex-Public Funds ($M)
1Q26 Deposit Balance Evolution: Retail vs. Commercial, Ex-Public Funds ($M) $99 $8,398 $38 $8,247 $52 $8,170 $39 9/30/2025 Retail Commercial 12/31/2025 Retail Commercial 3/31/2026 16
Slide 17: Residential Mortgage Loans ($M)
Residential Mortgage Loans ($M) Portfolio New Loan Origination $56 $1,471 $1,436 $1,415 $1,400 $1,390 $1,374 $45 $43 $42 $42 $37 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 NPLs NCO Rate -0.14% -0.13% -0.09% -0.14% -0.10% -0.22% $17.7 $17.6 $18.1 $17.2 $17.1 $16.0
Slide 18: Commercial Loans ($M)
Commercial Loans ($M) Portfolio New Loan Origination $825 $830 $872 $147 $832 $704 $727 $116 $2,660 $2,681 $112 $103 $2,598 $2,553 $2,399 $2,426 $44 $254 $211 $58 $217 $202 $200 $163 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 NPLs NCO Rate 1.11% $38 $34 P.R. 0.11
Slide 19: Auto Loans ($M)
Auto Loans ($M) Portfolio New Loan Origination $2,593 $2,662 $2,647 $2,637 $2,630 $2,549 $250 $242 $233 $195 $173 $179 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 NPLs NCO Rate $20.1 $20.8 1.63% 1.63% 1.45% 1.52% $16.0 $15.0 $14.9 1.81% $14.0 1.11% 4Q24 1Q25 2Q25
Slide 20: Consumer Loans ($M)
Consumer Loans ($M) Portfolio New Loan Origination $669 $671 $681 $686 $684 $678 $77 $76 $69 $68 $68 $68 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 NPLs NCO Rate 4.55% $4.4 4.34% 4.40% $4.2 $4.2 $3.8 $3.8 $3.5 3.85% 3.72% 3.50% 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 4Q24
Slide 21: Credit Quality
Credit Quality NCO Rate NPL Rate 1.32% 1.59% 1.47% 1.05% 1.05% 1.00% 1.19% 1.22% 0.82% 1.06% 1.11% 0.64% 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Early Delinquency Rate Total Delinquency Rate 2.95% 2.84% 4.38% 2.80% 4.18% 4.06% 2.46% 3.59% 2.19% 2.21% 3.49% 3.40% 4Q24 1Q25 2Q25 3Q
Slide 22: Allowance
Allowance ACL / Total Loans Held for Investment 2.44% 2.47% 2.48% 2.26% 2.31% 2.32% 2.08% 2.06% 2.08% 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 ACL by % of Portfolio 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 Auto 3.26 % 3.33 % 3.26 % 3.
Slide 23: Core Non-Interest Income ($M)
Core Non-Interest Income ($M) Total Banking Services $32.8 $32.6 $16.6 $16.9 $32.0 $16.0 $16.0 $15.9 $30.2 $29.3 $15.3 $29.2 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Wealth Management Mortgage Banking $6.8 $11.4 $6.1 $10.6 $5.3 $8.9 $9.0 $8.9 $4.8 $4.7 $8.5 $4.3 4Q24 1Q25 2Q25 3Q2
Slide 24: Capital: Fortress Balance Sheet
Capital: Fortress Balance Sheet Basel III Standardized ($ in millions except per share) 1Q25 2Q25 3Q25 4Q25 1Q26 CET1 Capital $ 1,261.7 $ 1,293.0 $ 1,313.6 $ 1,318.6 $ 1,312.9 CET1 Capital Ratio 14.27 % 13.99 % 14.13 % 13.97 % 13.75 % Tier 1 Capital $ 1,261.7 $ 1,293.0 $ 1,313.6 $ 1,318.6 $ 1,312.9
Slide 25: Income Statement Highlights: 1Q26 vs. 4Q25
Income Statement Highlights: 1Q26 vs. 4Q25 $ in millions 1Q26 4Q25 Δ Comment Total Interest Income • 1Q26 reflected ($3.1) due to two fewer days • Cash $ 5.9 $ 7.9 $ (2.0) • 18% lower average balance & 31 bps lower yield • Investment Securities 29.7 31.1 (1.4) • 3% lower average balance & 4 bps lowe
Slide 26: Income Statement Highlights: 1Q26 vs. 1Q25
Income Statement Highlights: 1Q26 vs. 1Q25 $ in millions 1Q26 1Q25 Δ Comment Total Interest Income • Cash $ 5.9 $ 6.3 $ (0.4) • 11% higher average balance & 73 bps lower yield • Investment Securities 29.7 29.5 0.2 • 1% higher average balance & 1 bps lower yield • Loans 158.6 153.4 5.2 • 5% higher av
Slide 27: Thank you.
Thank you. Contact: IR Coordinators Gary Fishman gfishman@ofgbancorp.com Michael Wichman mwichman@ofgbancorp.com 212-532-3232