OFG Bancorp Management
Management criteria checks 4/4
OFG Bancorp's CEO is Jos Fernández, appointed in Jan 2004, has a tenure of 22.33 years. total yearly compensation is $3.48M, comprised of 28.2% salary and 71.8% bonuses, including company stock and options. directly owns 0.49% of the company’s shares, worth $9.24M. The average tenure of the management team and the board of directors is 5.3 years and 4.6 years respectively.
Key information
Jos Fernández
Chief executive officer
US$3.5m
Total compensation
| CEO salary percentage | 28.22% |
| CEO tenure | 22.3yrs |
| CEO ownership | 0.5% |
| Management average tenure | 5.3yrs |
| Board average tenure | 4.6yrs |
Recent management updates
Recent updates
Narrative Update • Apr 28
OFG: Capital Returns And Higher P/E Assumptions Will Shape Future Risk Balance
OFG Bancorp's analyst price target has been updated from $44.40 to $47.75. Analysts attribute the change to adjusted assumptions regarding revenue growth, profitability, and future P/E.Narrative Update • Apr 12
OFG: Capital Returns And Neutral Ratings Will Shape Future Risk Balance
Analysts have trimmed their price target on OFG Bancorp by $4 to reflect more measured assumptions for revenue growth, along with expectations for stronger profit margins and a slightly lower future P/E. Analyst Commentary Recent Street research on OFG Bancorp points to a more balanced view, with analysts adjusting targets and ratings to match what they see as a more measured growth and valuation profile.Narrative Update • Mar 28
OFG: Capital Returns And Neutral Views Will Shape Future Risk Reward Balance
Analysts have trimmed their average price target on OFG Bancorp by $4 to $44.40, citing recent rating moves and more cautious views reflected in the latest research updates. Analyst Commentary Bullish Takeaways Bullish analysts see the updated price targets as still leaving room for upside if OFG Bancorp executes consistently on its current business plan and maintains discipline on costs and credit.Narrative Update • Mar 13
OFG: Capital Returns Will Support Upside Despite More Cautious Research Stance
Analysts have trimmed their price target for OFG Bancorp by $4 to $44.40, reflecting a more cautious stance on the shares while keeping underlying fair value assumptions broadly unchanged. Analyst Commentary Recent Street research on OFG Bancorp points to a more cautious tone, with the latest reports focusing on valuation discipline and execution risk rather than a major shift in the underlying story.Narrative Update • Feb 27
OFG: Capital Returns And Neutral Ratings Will Shape A Cautious Forward Outlook
Analysts have trimmed their price targets on OFG Bancorp by $4, citing a more cautious stance reflected in recent downgrades and a neutral initiation. They left key model inputs unchanged, including fair value at $44.40, discount rate at 6.98%, revenue growth at 8.34%, profit margin at 21.54%, and future P/E at 11.77.Narrative Update • Feb 13
OFG: Dividend And Buyback Actions Will Offset Tempered Outlook And Neutral Ratings
Analysts reduced their price target on OFG Bancorp by $4, citing updated expectations for slightly lower revenue growth, modestly different profitability assumptions, and an adjusted future P/E outlook reflected in recent Neutral and downgrade actions. Analyst Commentary Recent research updates sketch a more balanced picture for OFG Bancorp, with analysts adjusting expectations on revenue growth, profitability, and the future P/E multiple that they see as appropriate for the stock.Analysis Article • Feb 01
OFG Bancorp (NYSE:OFG) Has Announced That It Will Be Increasing Its Dividend To $0.35
OFG Bancorp ( NYSE:OFG ) will increase its dividend on the 15th of April to $0.35, which is 17% higher than last year's...Narrative Update • Jan 30
OFG: Puerto Rico Challenger Position Will Support Dividend And Buyback Upside
Narrative Update Analysts have trimmed their price target for OFG Bancorp from US$47.60 to US$44.40. This reflects updated assumptions around fair value, revenue growth, profit margins, and future P/E expectations highlighted in recent research.Narrative Update • Jan 15
OFG: Challenger Position In Puerto Rico Will Offset Credit Cost Concerns
Narrative Update: OFG Bancorp Analysts have trimmed their price targets on OFG Bancorp to a range around $48 to $50, a step down of roughly $2 per share. This reflects more cautious assumptions on fair value, discount rate, growth, margins, and future P/E after recent Q3 results, including higher credit costs, net interest margin pressure from commercial loan repayments, and the impact of retail deposit growth.Seeking Alpha • Oct 09
OFG Bancorp: Loan Growth To Help Earnings Inch Up
Summary Due to Puerto Rico’s persistently strong job market, I’m expecting loan growth to remain above last year’s level. Risks to loan growth are worsening economic activity and sharply rising home prices. The combination of sticky deposit costs and relatively rate-sensitive loan yields will likely lead to margin pressure in a declining interest rate environment. I’m expecting the EPS to grow by 3.7% to $4.38 in 2025. I’m maintaining a buy rating based on a price upside of 7.3%and dividend yield of 2.8%. Read the full article on Seeking AlphaAnalysis Article • Mar 20
OFG Bancorp's (NYSE:OFG) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of OFG Bancorp ( NYSE:OFG ) has announced that it will be increasing its dividend by 20% on the 15th of April...Seeking Alpha • Feb 08
OFG Bancorp: The Picture Looks Better Than I Previously Thought
Summary OFG Bancorp's asset quality and digital-first strategy have driven a 15.2% share price increase, outperforming the S&P 500's 10.4% gain. Despite mixed valuation metrics, OFG Bancorp's strong return on assets and equity, along with diverse income streams, justify a soft 'buy' rating. Recent improvements include a rise in deposits and securities, increased net income, and significant share buybacks, signaling management's optimism. The company's focus on digital expansion and robust asset management positions it well for future growth, despite some balance sheet concerns. Read the full article on Seeking AlphaSeeking Alpha • Jan 29
OFG Bancorp: Maintaining A Buy Rating With A Flattish Earnings Outlook
Summary The continued improvement of Puerto Rico’s unemployment rate gives me hope that loan growth can improve this year. However, other economic metrics are mixed. As the deposit cost is mostly inflexible, the margin will likely continue to decline this year. I haven’t changed my EPS estimate for 2025, which remains at $4.25. I’m estimating a price upside of 9.2% and a dividend yieldof 2.3%. Read the full article on Seeking Alpha
New Narrative • Oct 20
Digital First Strategy Fuels Efficiency And Growth Amid Market Challenges
The Digital First strategy and new offerings aim to boost operational efficiency and customer growth, enhancing revenue and margins.Seeking Alpha • Oct 15
OFG Bancorp: Upgrading To Buy And Raising The Earnings Estimate
Summary Puerto Rico’s economy continues to remain remarkable, which contributes to my positive outlook on loan growth. Rate cuts will likely also drive loan growth. The net interest margin will likely resume its downtrend due to interest rate cuts. The December 2025 target price suggests an upside of ~8.6% from the October 14 closing price. Further, OFG is offering a dividend yield of 2.25%. Read the full article on Seeking AlphaAnalysis Article • Oct 14
Do OFG Bancorp's (NYSE:OFG) Earnings Warrant Your Attention?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Jul 03
Should You Be Adding OFG Bancorp (NYSE:OFG) To Your Watchlist Today?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Mar 01
OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.25
OFG Bancorp ( NYSE:OFG ) will increase its dividend from last year's comparable payment on the 15th of April to $0.25...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$213m |
| Dec 31 2025 | US$3m | US$982k | US$205m |
| Sep 30 2025 | n/a | n/a | US$200m |
| Jun 30 2025 | n/a | n/a | US$195m |
| Mar 31 2025 | n/a | n/a | US$194m |
| Dec 31 2024 | US$6m | US$982k | US$198m |
| Sep 30 2024 | n/a | n/a | US$194m |
| Jun 30 2024 | n/a | n/a | US$192m |
| Mar 31 2024 | n/a | n/a | US$185m |
| Dec 31 2023 | US$3m | US$935k | US$182m |
| Sep 30 2023 | n/a | n/a | US$182m |
| Jun 30 2023 | n/a | n/a | US$179m |
| Mar 31 2023 | n/a | n/a | US$175m |
| Dec 31 2022 | US$3m | US$935k | US$166m |
| Sep 30 2022 | n/a | n/a | US$153m |
| Jun 30 2022 | n/a | n/a | US$153m |
| Mar 31 2022 | n/a | n/a | US$153m |
| Dec 31 2021 | US$3m | US$935k | US$145m |
| Sep 30 2021 | n/a | n/a | US$133m |
| Jun 30 2021 | n/a | n/a | US$117m |
| Mar 31 2021 | n/a | n/a | US$97m |
| Dec 31 2020 | US$3m | US$865k | US$68m |
Compensation vs Market: Jos's total compensation ($USD3.48M) is below average for companies of similar size in the US market ($USD5.47M).
Compensation vs Earnings: Jos's compensation has been consistent with company performance over the past year.
CEO
Jos Fernández (61 yo)
22.3yrs
Tenure
US$3,479,297
Compensation
Mr. Jose Rafael Fernandez, also known as Jos, has been the Director of the Federal Home Loan Bank of New York since July 9, 2024. He has been the Chief Executive Officer of OFG Bancorp and Oriental Bank si...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 22.3yrs | US$3.48m | 0.49% $ 9.2m | |
| Chief Financial Officer | 9.2yrs | US$1.26m | 0.16% $ 3.0m | |
| Managing Director of Customer Intelligence & Operations | no data | US$784.22k | 0.088% $ 1.7m | |
| Chief Retail Banking Officer | 3yrs | US$830.50k | 0.017% $ 314.5k | |
| Chief Risk Officer | 3.3yrs | US$775.42k | 0.0065% $ 123.4k | |
| Vice President Financial Reporting & Accounting Control | no data | no data | no data | |
| IR Contact | no data | no data | no data | |
| General Counsel | 5.3yrs | no data | 0.039% $ 743.0k | |
| Managing Director of Marketing & Public Relations | no data | no data | no data | |
| Managing Director of Human Resources | no data | no data | no data | |
| Senior VP & Director of the U.S. Loan Program | no data | US$425.36k | no data | |
| Executive Vice President of Auto | no data | no data | no data |
5.3yrs
Average Tenure
57yo
Average Age
Experienced Management: OFG's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 21.3yrs | US$3.48m | 0.49% $ 9.2m | |
| Independent Director | 3.8yrs | US$128.63k | 0.0081% $ 155.0k | |
| Independent Director | 6.8yrs | US$127.63k | 0.017% $ 320.8k | |
| Independent Director | 1.6yrs | US$81.34k | 0.00064% $ 12.2k | |
| Independent Director | 12yrs | US$128.63k | 0.065% $ 1.2m | |
| Lead Independent Director | 10.3yrs | US$190.29k | 0.054% $ 1.0m | |
| Independent Director | 3.1yrs | US$134.63k | 0.0053% $ 101.3k | |
| Independent Director | 4.6yrs | US$137.88k | 0.025% $ 473.3k | |
| Independent Director | 1.7yrs | US$79.67k | 0% $ 0 |
4.6yrs
Average Tenure
61yo
Average Age
Experienced Board: OFG's board of directors are considered experienced (4.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/25 17:42 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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.
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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 Github.
Analyst Sources
OFG Bancorp is covered by 11 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. |
| Taylor Brodarick | Guggenheim Securities, LLC |
| Brett Rabatin | Hovde Group, LLC |