OFG Bancorp Future Growth

Future criteria checks 0/6

OFG Bancorp's earnings are forecast to decline at 1.4% per annum while its annual revenue is expected to grow at 5.2% per year. EPS is expected to grow by 0.9% per annum. Return on equity is forecast to be 12.9% in 3 years.

Key information

-1.4%

Earnings growth rate

0.9%

EPS growth rate

Banks earnings growth	10.7%
Revenue growth rate	5.2%
Future return on equity	12.9%
Analyst coverage	Low
Last updated	18 Dec 2024

Recent future growth updates

Recent updates

If EPS Growth Is Important To You, OFG Bancorp (NYSE:OFG) Presents An Opportunity

Jan 04

OFG Bancorp: Downgrading To Hold After Price Rally, Expecting Earnings To Be Stable

Dec 28

OFG Bancorp: Recovered Well From The Banking Crisis, But Nothing To See Here

Sep 23

OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.22

Aug 29

OFG Bancorp (NYSE:OFG) Is Paying Out A Larger Dividend Than Last Year

Aug 14

OFG Bancorp's (NYSE:OFG) Shareholders Will Receive A Bigger Dividend Than Last Year

Jul 30

OFG Bancorp's (NYSE:OFG) Upcoming Dividend Will Be Larger Than Last Year's

May 25

OFG Bancorp's (NYSE:OFG) Upcoming Dividend Will Be Larger Than Last Year's

May 05

Do OFG Bancorp's (NYSE:OFG) Earnings Warrant Your Attention?

May 04

OFG Bancorp (NYSE:OFG) Will Pay A Larger Dividend Than Last Year At $0.22

Jan 29

OFG Bancorp raises dividend by 10% to $0.22

Jan 25

Should You Be Adding OFG Bancorp (NYSE:OFG) To Your Watchlist Today?

Jan 19

OFG Bancorp declares $0.20 dividend

Oct 28

OFG Bancorp GAAP EPS of $0.87 beats by $0.02, revenue of $156.8M beats by $1.86M

Oct 20

Earnings and Revenue Growth Forecasts

NYSE:OFG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	745	191	N/A	N/A	4
12/31/2025	712	182	N/A	N/A	4
12/31/2024	706	193	N/A	N/A	4
9/30/2024	639	194	298	322	N/A
6/30/2024	642	192	331	352	N/A
3/31/2024	633	185	284	304	N/A
12/31/2023	629	182	278	296	N/A
9/30/2023	626	182	219	237	N/A
6/30/2023	620	179	153	174	N/A
3/31/2023	610	175	152	177	N/A
12/31/2022	590	166	133	164	N/A
9/30/2022	566	153	90	123	N/A
6/30/2022	557	153	90	121	N/A
3/31/2022	555	153	74	103	N/A
12/31/2021	542	145	77	100	N/A
9/30/2021	524	133	59	77	N/A
6/30/2021	498	117	64	82	N/A
3/31/2021	466	97	37	52	N/A
12/31/2020	433	68	20	35	N/A
9/30/2020	389	44	103	118	N/A
6/30/2020	335	23	83	97	N/A
3/31/2020	310	26	94	108	N/A
12/31/2019	308	47	97	110	N/A
9/30/2019	323	73	88	101	N/A
6/30/2019	350	87	105	119	N/A
3/31/2019	345	81	107	119	N/A
12/31/2018	340	72	122	133	N/A
9/30/2018	317	63	109	119	N/A
6/30/2018	312	43	N/A	194	N/A
3/31/2018	305	41	N/A	162	N/A
12/31/2017	302	39	N/A	151	N/A
9/30/2017	309	37	N/A	138	N/A
6/30/2017	301	49	N/A	53	N/A
3/31/2017	301	46	N/A	80	N/A
12/31/2016	313	45	N/A	79	N/A
9/30/2016	272	29	N/A	77	N/A
6/30/2016	273	18	N/A	82	N/A
3/31/2016	261	1	N/A	86	N/A
12/31/2015	228	-16	N/A	97	N/A
9/30/2015	280	5	N/A	81	N/A
6/30/2015	293	20	N/A	127	N/A
3/31/2015	323	45	N/A	169	N/A
12/31/2014	365	71	N/A	175	N/A
9/30/2014	371	71	N/A	208	N/A
6/30/2014	373	71	N/A	208	N/A
3/31/2014	356	87	N/A	193	N/A
12/31/2013	353	85	N/A	174	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: OFG's earnings are forecast to decline over the next 3 years (-1.4% per year).

Earnings vs Market: OFG's earnings are forecast to decline over the next 3 years (-1.4% per year).

High Growth Earnings: OFG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: OFG's revenue (5.2% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: OFG's revenue (5.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: OFG's Return on Equity is forecast to be low in 3 years time (12.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 22:46
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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.

Analyst	Institution
Joseph Gladue	B. Riley Securities, Inc.
Brett Scheiner	FBR Capital Markets & Co.
Taylor Brodarick	Guggenheim Securities, LLC

OFG Bancorp Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target increased by 11% to US$47.75

Price target increased by 8.6% to US$41.25

Price target increased by 13% to US$37.63

Recent updates

OFG Bancorp to Report Q4, 2024 Results on Jan 22, 2025

President recently sold US$4.5m worth of stock

President notifies of intention to sell stock

Independent Director recently sold US$464k worth of stock

Third quarter dividend of US$0.25 announced

OFG Bancorp (NYSE:OFG) announces an Equity Buyback for $50 million worth of its shares.

OFG Bancorp Announces Retirement of Ganesh Kumar as Chief Strategy Officer, U.S. Business, Effective December 2, 2024

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

OFG Bancorp: Upgrading To Buy And Raising The Earnings Estimate

Do OFG Bancorp's (NYSE:OFG) Earnings Warrant Your Attention?

High number of new directors

OFG Bancorp to Report Q3, 2024 Results on Oct 16, 2024

Upcoming dividend of US$0.25 per share

Second quarter dividend of US$0.25 announced

Independent Director recently sold US$2.0m worth of stock

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend, Payable on October 15, 2024

Price target increased by 11% to US$47.75

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

OFG Bancorp Reports Net Charge Offs for the Second Quarter Ended June 30, 2024

Should You Be Adding OFG Bancorp (NYSE:OFG) To Your Watchlist Today?

OFG Bancorp to Report Q2, 2024 Results on Jul 18, 2024

First quarter dividend of US$0.25 announced

Chief Strategy Officer of U.S. Business recently sold US$1.3m worth of stock

First quarter 2024 earnings: EPS exceeds analyst expectations

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend, Payable on July 15, 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

New major risk - Revenue and earnings growth

OFG Bancorp to Report Q1, 2024 Results on Apr 18, 2024

OFG Bancorp, Annual General Meeting, May 08, 2024

Chief Strategy Officer of U.S. Business recently sold US$672k worth of stock

Upcoming dividend of US$0.25 per share

President recently sold US$2.1m worth of stock

President exercised options and sold US$225k worth of stock

OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.25

Full year 2023 earnings: EPS exceeds analyst expectations

Chief Strategy Officer of U.S. Business exercised options and sold US$375k worth of stock

OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.25

Fourth quarter dividend increased to US$0.25

OFG Bancorp (NYSE:OFG) announces an Equity Buyback for $50 million worth of its shares.

OFG Bancorp Increases Regular Cash Dividend for the Quarter Ending March 31, 2024, Payable on April 15, 2024

OFG Bancorp Reports Consolidated Total Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

Full year 2023 earnings: EPS exceeds analyst expectations

Price target increased by 8.6% to US$41.25

If EPS Growth Is Important To You, OFG Bancorp (NYSE:OFG) Presents An Opportunity

OFG Bancorp: Downgrading To Hold After Price Rally, Expecting Earnings To Be Stable

OFG Bancorp to Report Q4, 2023 Results on Jan 24, 2024

Upcoming dividend of US$0.22 per share at 2.3% yield

Chief Strategy Officer of U.S. Business recently sold US$515k worth of stock

Chief Strategy Officer of U.S. Business recently sold US$347k worth of stock

Independent Chairman of the Board recently sold US$508k worth of stock

OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend for the Quarter Ending December 31, 2023, Payable on January 16, 2024

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Managing Director of Commercial Banking recently sold US$632k worth of stock

OFG Bancorp to Report Q3, 2023 Results on Oct 20, 2023

OFG Bancorp: Recovered Well From The Banking Crisis, But Nothing To See Here

Upcoming dividend of US$0.22 per share at 3.1% yield

OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.22

OFG Bancorp (NYSE:OFG) Is Paying Out A Larger Dividend Than Last Year

President recently sold US$1.7m worth of stock

OFG Bancorp's (NYSE:OFG) Shareholders Will Receive A Bigger Dividend Than Last Year

Chief Strategy Officer of U.S. Business recently sold US$1.2m worth of stock

Price target increased by 13% to US$37.63

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

OFG Bancorp to Report Q2, 2023 Results on Jul 20, 2023

Upcoming dividend of US$0.22 per share at 3.4% yield

President recently sold US$562k worth of stock

Investor sentiment improves as stock rises 16%

OFG Bancorp's (NYSE:OFG) Upcoming Dividend Will Be Larger Than Last Year's

OFG Bancorp Appoints Angel Vázquez to its Board of Directors and Audit Committee and Risk and Compliance Committee

OFG Bancorp's (NYSE:OFG) Upcoming Dividend Will Be Larger Than Last Year's

Do OFG Bancorp's (NYSE:OFG) Earnings Warrant Your Attention?

First quarter 2023 earnings: EPS and revenues exceed analyst expectations