NYSE:OFGBanks
Does OFG Bancorp’s (OFG) Bigger Buyback Reveal Its True Capital Allocation Priorities?
OFG Bancorp recently announced that its Board of Directors approved a new open-ended US$200 million stock repurchase authorization and raised the regular quarterly cash dividend by 17% to US$0.35 per share, payable on April 15, 2026, to shareholders of record on March 31, 2026.
These capital actions, coming alongside the completion of a prior buyback program and higher quarterly earnings, highlight management’s current focus on returning excess capital to shareholders.
Against this backdrop,...