OFG Bancorp

DB:OFP Stock Report

Market Cap: €1.8b

OFG Bancorp Management

Management criteria checks 3/4

OFG Bancorp's CEO is Jos Fernández, appointed in Jan 2004, has a tenure of 20.92 years. total yearly compensation is $3.49M, comprised of 26.8% salary and 73.2% bonuses, including company stock and options. directly owns 0.51% of the company’s shares, worth €9.33M. The average tenure of the management team and the board of directors is 3.9 years and 3.2 years respectively.

Key information

Jos Fernández

Chief executive officer

US$3.5m

Total compensation

CEO salary percentage26.8%
CEO tenure20.9yrs
CEO ownership0.5%
Management average tenure3.9yrs
Board average tenure3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jos Fernández's remuneration changed compared to OFG Bancorp's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$194m

Jun 30 2024n/an/a

US$192m

Mar 31 2024n/an/a

US$185m

Dec 31 2023US$3mUS$935k

US$182m

Sep 30 2023n/an/a

US$182m

Jun 30 2023n/an/a

US$179m

Mar 31 2023n/an/a

US$175m

Dec 31 2022US$3mUS$935k

US$166m

Sep 30 2022n/an/a

US$153m

Jun 30 2022n/an/a

US$153m

Mar 31 2022n/an/a

US$153m

Dec 31 2021US$3mUS$935k

US$145m

Sep 30 2021n/an/a

US$133m

Jun 30 2021n/an/a

US$117m

Mar 31 2021n/an/a

US$97m

Dec 31 2020US$3mUS$865k

US$68m

Sep 30 2020n/an/a

US$44m

Jun 30 2020n/an/a

US$23m

Mar 31 2020n/an/a

US$26m

Dec 31 2019n/an/a

US$47m

Sep 30 2019n/an/a

US$73m

Jun 30 2019n/an/a

US$87m

Mar 31 2019n/an/a

US$81m

Dec 31 2018US$3mUS$865k

US$72m

Sep 30 2018n/an/a

US$63m

Jun 30 2018n/an/a

US$43m

Mar 31 2018n/an/a

US$41m

Dec 31 2017US$2mUS$865k

US$39m

Compensation vs Market: Jos's total compensation ($USD3.49M) is above average for companies of similar size in the German market ($USD1.51M).

Compensation vs Earnings: Jos's compensation has been consistent with company performance over the past year.

CEO

Jos Fernández (60 yo)

20.9yrs

Tenure

US$3,489,475

Compensation

Mr. José Rafael Fernández, also known as Jos, has been Director of Federal Home Loan Bank of New York since July 9, 2024. He has been the Chief Executive Officer of OFG Bancorp and Oriental Bank since 2004...

Leadership Team

NamePositionTenureCompensationOwnership
José Fernández
President20.9yrsUS$3.49m0.51%
€ 9.3m
Maritza Arizmendi Diaz
Chief Financial Officer7.8yrsUS$1.19m0.13%
€ 2.4m
Mari Rodríguez Mimoso
Chief Retail Banking Officer1.6yrsUS$841.78k0.0060%
€ 109.2k
Cesar Ortiz-Marcano
Chief Risk Officer1.9yrsUS$637.30k0.0083%
€ 152.1k
Ada Castello
Managing Director of Customer Intelligence & Operationsno datano data0.067%
€ 1.2m
Krisen Torres
Vice President Financial Reporting & Accounting Controlno datano datano data
Gary Fishman
IR Contactno datano datano data
Hugh Gonzalez-Robison
General Counsel & Secretary3.9yrsno data0.025%
€ 448.5k
Jennifer Nazario
Managing Director of Human Resourcesno datano datano data
Ramón Rosado-Linera
Senior VP & Director of the U.S. Loan Programno dataUS$425.36kno data
Milagros Pérez
Executive Vice President of Autono datano datano data
Félix Silva
Senior Vice President of Retail Operations & Collectionsno datano datano data

3.9yrs

Average Tenure

56yo

Average Age

Experienced Management: OFP's management team is considered experienced (3.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
José Fernández
President19.9yrsUS$3.49m0.51%
€ 9.3m
Annette Franqui
Independent Director2.4yrsUS$75.29k0.0013%
€ 23.9k
Susan Harnett
Independent Director5.4yrsUS$108.32k0.010%
€ 182.8k
Roberto Garcia-Rodriguez
Directorless than a yearno datano data
Jorge Colon-Gerena
Independent Director10.6yrsUS$115.32k0.11%
€ 2.0m
Nestor de Jesus
Lead Independent Director8.9yrsUS$122.32k0.048%
€ 869.8k
Angel Vazquez
Independent Director1.7yrsUS$58.33kno data
Rafael Velez-Dominguez
Independent Director3.2yrsUS$115.32k0.019%
€ 349.8k
Lynda Grindstaff
Directorless than a yearno datano data

3.2yrs

Average Tenure

60yo

Average Age

Experienced Board: OFP's board of directors are considered experienced (3.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 08:36
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

OFG Bancorp is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph GladueB. Riley Securities, Inc.
Brett ScheinerFBR Capital Markets & Co.
Taylor BrodarickGuggenheim Securities, LLC