OFG Bancorp Management
Management criteria checks 4/4
OFG Bancorp's CEO is Jos Fernández, appointed in Jan 2004, has a tenure of 20.83 years. total yearly compensation is $3.49M, comprised of 26.8% salary and 73.2% bonuses, including company stock and options. directly owns 0.73% of the company’s shares, worth $14.98M. The average tenure of the management team and the board of directors is 2.8 years and 3.1 years respectively.
Key information
Jos Fernández
Chief executive officer
US$3.5m
Total compensation
| CEO salary percentage | 26.8% |
| CEO tenure | 20.8yrs |
| CEO ownership | 0.7% |
| Management average tenure | 2.8yrs |
| Board average tenure | 3.1yrs |
Recent management updates
Recent updates
OFG Bancorp: Upgrading To Buy And Raising The Earnings Estimate
Oct 15Do OFG Bancorp's (NYSE:OFG) Earnings Warrant Your Attention?
Oct 14
Should You Be Adding OFG Bancorp (NYSE:OFG) To Your Watchlist Today?
Jul 03OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.25
Mar 01OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.25
Feb 04If EPS Growth Is Important To You, OFG Bancorp (NYSE:OFG) Presents An Opportunity
Jan 04OFG Bancorp: Downgrading To Hold After Price Rally, Expecting Earnings To Be Stable
Dec 28OFG Bancorp: Recovered Well From The Banking Crisis, But Nothing To See Here
Sep 23OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.22
Aug 29OFG Bancorp (NYSE:OFG) Is Paying Out A Larger Dividend Than Last Year
Aug 14OFG Bancorp's (NYSE:OFG) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 30OFG Bancorp's (NYSE:OFG) Upcoming Dividend Will Be Larger Than Last Year's
May 25OFG Bancorp's (NYSE:OFG) Upcoming Dividend Will Be Larger Than Last Year's
May 05Do OFG Bancorp's (NYSE:OFG) Earnings Warrant Your Attention?
May 04OFG Bancorp (NYSE:OFG) Will Pay A Larger Dividend Than Last Year At $0.22
Jan 29OFG Bancorp raises dividend by 10% to $0.22
Jan 25Should You Be Adding OFG Bancorp (NYSE:OFG) To Your Watchlist Today?
Jan 19OFG Bancorp declares $0.20 dividend
Oct 28OFG Bancorp GAAP EPS of $0.87 beats by $0.02, revenue of $156.8M beats by $1.86M
Oct 20OFG Bancorp: Puerto Rico's Rapid Economic Recovery To Drive Earnings
Sep 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| Sep 30 2020 | n/a | n/a | US$44m |
| Jun 30 2020 | n/a | n/a | US$23m |
| Mar 31 2020 | n/a | n/a | US$26m |
| Dec 31 2019 | n/a | n/a | US$47m |
| Sep 30 2019 | n/a | n/a | US$73m |
| Jun 30 2019 | n/a | n/a | US$87m |
| Mar 31 2019 | n/a | n/a | US$81m |
| Dec 31 2018 | US$3m | US$865k | US$72m |
| Sep 30 2018 | n/a | n/a | US$63m |
| Jun 30 2018 | n/a | n/a | US$43m |
| Mar 31 2018 | n/a | n/a | US$41m |
| Dec 31 2017 | US$2m | US$865k | US$39m |
Compensation vs Market: Jos's total compensation ($USD3.49M) is below average for companies of similar size in the US market ($USD5.37M).
Compensation vs Earnings: Jos's compensation has been consistent with company performance over the past year.
CEO
Jos Fernández (60 yo)
20.8yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 20.8yrs | US$3.49m | 0.73% $ 15.0m | |
| Chief Financial Officer | 7.7yrs | US$1.19m | 0.13% $ 2.7m | |
| Chief Strategy Officer of U.S. Business | 1.5yrs | US$1.91m | 0.17% $ 3.4m | |
| Chief Retail Banking Officer | 1.5yrs | US$841.78k | 0.0060% $ 122.1k | |
| Chief Risk Officer | 1.8yrs | US$637.30k | 0.0083% $ 170.0k | |
| Managing Director of Customer Intelligence & Operations | no data | no data | 0.067% $ 1.4m | |
| Vice President Financial Reporting & Accounting Control | no data | no data | no data | |
| IR Contact | no data | no data | no data | |
| General Counsel & Secretary | 3.8yrs | no data | 0.025% $ 501.2k | |
| 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 |
2.8yrs
Average Tenure
58yo
Average Age
Experienced Management: OFG's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.8yrs | US$3.49m | 0.73% $ 15.0m | |
| Independent Director | 2.3yrs | US$75.29k | 0.0013% $ 26.7k | |
| Independent Director | 5.3yrs | US$108.32k | 0.010% $ 204.2k | |
| Director | less than a year | no data | no data | |
| Independent Director | 10.5yrs | US$115.32k | 0.11% $ 2.2m | |
| Lead Independent Director | 8.8yrs | US$122.32k | 0.048% $ 972.1k | |
| Independent Director | 1.6yrs | US$58.33k | no data | |
| Independent Director | 3.1yrs | US$115.32k | 0.019% $ 391.0k | |
| Director | less than a year | no data | no data |
3.1yrs
Average Tenure
60yo
Average Age
Experienced Board: OFG's board of directors are considered experienced (3.1 years average tenure).