Ofg Bancorp · NYSE:OFG
Ofg Bancorp — Q3 2026 Earnings Presentation
29 slides from Ofg Bancorp's earnings presentation, Oct 21, 2026
Slide 1: Quarterly Results 3Q26 Conference Call
Quarterly Results 3Q26 Conference Call October 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: 3Q26 Summary
3Q26 Summary Income Statement Balance Sheet (EOP) Capital Capital Actions • EPS $1.33 • Total Assets $12.1B • CET1 14.10% • Buybacks: $13.5M of share • Total Core Revenues • Customer Deposits $9.7B • Tier 1 Risk-Based 14.10% repurchases $185.7M • Loans Held for Investment • Total Risk-Based 15.36% •
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 Total Customers (3Q26 vs. 3Q25) • +4.7% net new retail and commercial • +24.2% active digital users • +2.1% digital loan payments • +10.6% virtual teller use Smart Banking Insights (YTD 9/30/26) • +1.5 million insights • +93% positive feedback Lib
Slide 6: Performance Metrics
Performance Metrics EPS Efficiency Ratio ROAA $1.39 $1.33 $1.27 $1.26 $1.15 $1.16 56.65% 1.93% 1.86% 1.81% 1.78% 54.04% 1.73% 1.69% 52.04% 52.48% 50.97% 51.83% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ROATCE Loans/Deposits Ratio Payout Ratio 85.4% 85.
Slide 7: Income Statement ($M)
Income Statement ($M) Total Core Revenues Total Interest Income Total Interest Expense $190 $200 $45 $44 $186 $186 $194 $197 $194 $197 $196 $42 $42 $184 $185 $40 $40 $182 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Core Non-Interest Income Non-Interest E
Slide 8: Balance Sheet
Balance Sheet Loans ($B, Avg. Balance) New Loan Origination ($M) Core Deposits ($B, Avg. Balance) $9.7 $9.9 $9.9 $9.7 $9.7 $8.3 $9.6 $8.2 $8.2 $8.1 $8.1 $8.0 $784 $755 $694 $624 $606 $609 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Cash ($M, Average Bala
Slide 9: Net Interest Margin
Net Interest Margin Loan Yield Core Deposit Cost Net Interest Margin 7.91% 7.90% 7.90% 5.31% 5.36% 5.45% 7.87% 5.24% 5.12% 5.23% 7.73% 7.68% 1.47% 1.42% 1.42% 1.34% 1.29% 1.29% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 9
Slide 10: Capital
Capital CET1 Ratio Total Stockholder's Equity ($B) TCE Ratio $1.38 $1.39 $1.37 $1.41 $1.33 $1.34 10.90% 13.99% 14.13% 13.97% 13.75% 14.07% 14.10% 10.55% 10.47% 10.66% 10.20% 10.34% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 TBV Per Co
Slide 11: Credit & Asset Quality
Credit & Asset Quality NCO Rate NPL Rate Provision ($M) $31.9 $28.3 $21.7 $22.5 1.32% 1.40% 1.59% 1.47% $18.1 1.00% 1.05% 1.19% 1.22% 0.64% 0.70% $13.0 0.81% 0.74% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Early Delinquency Rate Total Delinquency Rate
Slide 12: Outlook
Outlook Puerto Rico • Resilient economy, supported by healthy consumer and business liquidity, higher wages and historically low unemployment • Infrastructure projects and private investment continue to support economic activity • Manufacturing expansion and new on-shoring initiatives reinforce the
Slide 13: Appendix
Appendix
Slide 14: Overview (September 30, 2026)
Overview (September 30, 2026) • Puerto Rico’s Digital Bank with a Human Touch Puerto Rico & U.S. Virgin Islands Footprint • Differentiated challenger with fast, efficient and convenient service for both retail and commercial customers • 3rd largest bank in Puerto Rico by deposits1 • Founded in 1964,
Slide 15: History of Capital Management & Growth (EOP)
History of Capital Management & Growth (EOP) • A consistent strategy of organic growth and disciplined acquisitions has built OFG into Assets ($B) Loans ($B) a scaled, island-wide franchise with a strong track record of $12.5 $12.1 $8.0 $8.3 market share growth $11.3 $11.5 $7.4 $7.6 $6.6 $6.7 $6.5 $
Slide 16: 3Q26 Asset Balance Evolution ($M)
3Q26 Asset Balance Evolution ($M) $150 $20 $77 $11 $110 $12,155 $12,144 $12,048 $(2) $(179) $(91) 3/31/2026 Loans Other Investments Cash 6/30/2026 Loans Other Investments Cash 9/30/2026 16
Slide 17: 3Q26 Loan Balance Evolution ($M)
3Q26 Loan Balance Evolution ($M)* $170 $10 $8,448 $(22) $66 $9 $8,297 $8,235 $(7) $(7) $(6) 3/31/2026 Mortgage Commercial Consumer Auto 6/30/2026 Mortgage Commercial Consumer Auto 9/30/2026 * Gross loans held-for-investment 17
Slide 18: 3Q26 Core Deposit Balance Evolution ($M)
3Q26 Core Deposit Balance Evolution ($M) $555 $(10) $137 $9,659 $9,744 $9,664 $(460) $(81) $(136) 3/31/2026 Time Savings Demand 6/30/2026 Time Savings Demand 9/30/2026 18
Slide 19: 3Q26 Core Deposit Balance Evolution (Ex-Public Funds) ($M)
3Q26 Core Deposit Balance Evolution (Ex-Public Funds) ($M) $8,398 $7 $37 $8,442 $1 $8,394 $(49) Mar-26 Retail Commercial Jun-26 Retail Commercial 9/30/2026 19
Slide 20: Residential Mortgage Loans ($M)
Residential Mortgage Loans ($M) Portfolio New Loan Origination $56 $56 $1,415 $1,400 $1,390 $1,374 $1,367 $1,360 $50 $45 $42 $42 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 NPLs NCO Rate -0.13% -0.10% -0.09% -0.10% -0.06% -0.22% $18.1 $17.7 $17.6 $16.5 $16.1 $16.0
Slide 21: Commercial Loans ($M)
Commercial Loans ($M) Portfolio New Loan Origination $863 $872 $871 $95 $825 $830 $832 $147 $122 $2,927 $2,660 $2,681 $2,748 $116 $333 $2,598 $2,553 $112 $103 $254 $258 $217 $202 $200 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 NPLs NCO Rate $38 2.01% $34 P.R. 1.11
Slide 22: Auto Loans ($M)
Auto Loans ($M) Portfolio New Loan Origination $2,662 $2,647 $2,637 $2,630 $2,624 $2,602 $250 $195 $188 $173 $179 $177 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 NPLs NCO Rate $20.8 1.81% $16.9 1.45% 1.52% $16.0 1.34% $15.0 $14.9 $14.6 1.11% 1.11% 2Q25 3Q25 4Q25 1
Slide 23: Consumer Loans ($M)
Consumer Loans ($M) Portfolio New Loan Origination $681 $686 $684 $678 $687 $697 $88 $82 $77 $76 $68 $68 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 NPLs NCO Rate 4.55% $4.4 4.40% $4.2 $3.8 $3.8 $3.8 $3.7 3.85% 3.78% 3.73% 3.50% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3
Slide 24: Allowance
Allowance ACL / Total Loans Held for Investment 2.44% 2.47% 2.48% 2.26% 2.31% 2.32% 2.27% 2.27% 2.08% 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 ACL by % of Portfolio 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 Auto 3.26 % 3.44 % 3.51 % 3.
Slide 25: Core Non-Interest Income ($M)
Core Non-Interest Income ($M) Total Banking Services $17.4 $17.7 $32.6 $33.0 $16.6 $16.9 $32.0 $32.2 $16.0 $15.9 $30.2 $29.3 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Wealth Management Mortgage Banking $11.4 $6.1 $5.9 $5.3 $5.1 $9.7 $9.4 $8.9 $9.0 $8.9 $4.7 $4.3 2Q25 3Q25 4Q25 1Q26
Slide 26: Capital: Fortress Balance Sheet
Capital: Fortress Balance Sheet Basel III Standardized ($ in millions except per share) 3Q25 4Q25 1Q26 2Q26 3Q26 CET1 Capital $ 1,313.6 $ 1,318.6 $ 1,312.9 $ 1,359.9 $ 1,390.6 CET1 Capital Ratio 14.13 % 13.97 % 13.75 % 14.07 % 14.10 % Tier 1 Capital $ 1,313.6 $ 1,318.6 $ 1,312.9 $ 1,359.9 $ 1,390.6
Slide 27: Income Statement Highlights: 3Q26 vs. 2Q26
Income Statement Highlights: 3Q26 vs. 2Q26 $ in millions 3Q26 2Q26 Δ Comment Total Interest Income • 3Q26 reflected $1.6 due to one extra day • Cash $ 5.9 $ 5.5 $ 0.4 • 5% higher average balance & 3 bps higher yield • Investment Securities 29.5 29.2 0.3 • 0.02% higher average balance & 3 bps higher
Slide 28: Income Statement Highlights: 3Q26 vs. 3Q25
Income Statement Highlights: 3Q26 vs. 3Q25 $ in millions 3Q26 3Q25 Δ Comment Total Interest Income • Cash $ 5.9 $ 8.6 $ (2.7) • 18% lower average balance & 71 bps lower yield • Investment Securities 29.5 30.3 -0.8 • 4% lower average balance & 6 bps higher yield • Loans 160.4 161.3 -0.9 • 2% higher a
Slide 29: Thank you.
Thank you. Contact: IR Coordinators Gary Fishman [email protected] Michael Wichman [email protected] 212-532-3232