OFG Bancorp Management
Management criteria checks 4/4
OFG Bancorp's CEO is Jos Fernandez, appointed in Jan 2004, has a tenure of 20.25 years. total yearly compensation is $3.49M, comprised of 26.8% salary and 73.2% bonuses, including company stock and options. directly owns 0.79% of the company’s shares, worth $12.42M. The average tenure of the management team and the board of directors is 2.3 years and 6.5 years respectively.
Key information
Jos Fernandez
Chief executive officer
US$3.5m
Total compensation
| CEO salary percentage | 26.8% |
| CEO tenure | 20.3yrs |
| CEO ownership | 0.8% |
| Management average tenure | 2.3yrs |
| Board average tenure | 6.5yrs |
Recent management updates
Recent updates
OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.25
Mar 01
OFG 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 18OFG Bancorp (NYSE:OFG) Is Paying Out A Larger Dividend Than Last Year
Aug 09OFG Bancorp raises dividend by 33% to $0.20
Jul 27OFG Bancorp GAAP EPS of $0.84 beats by $0.11, revenue of $146.3M beats by $3.35M
Jul 21Does OFG Bancorp (NYSE:OFG) Deserve A Spot On Your Watchlist?
Jul 20OFG Bancorp: Strong Net Interest Income Growth On The Cards
Jul 02OFG Bancorp (NYSE:OFG) Is Paying Out A Larger Dividend Than Last Year
Mar 23OFG Bancorp's (NYSE:OFG) Dividend Will Be Increased To US$0.15
Jan 30CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD5.52M).
Compensation vs Earnings: Jos's compensation has been consistent with company performance over the past year.
CEO
Jos Fernandez (59 yo)
20.3yrs
Tenure
US$3,489,475
Compensation
Mr. Jose Rafael Fernandez, also known as Jos, has been the Chief Executive Officer of OFG Bancorp and Oriental Bank since 2004 and also serves as its President. Mr. Fernandez has been the Vice Chairman of...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 20.3yrs | US$3.49m | 0.79% $ 12.4m | |
| Chief Financial Officer | 7.1yrs | US$1.19m | 0.13% $ 2.0m | |
| Chief Strategy Officer of U.S. Business | less than a year | US$1.91m | 0.24% $ 3.7m | |
| Chief Retail Banking Officer | less than a year | US$841.78k | 0.00076% $ 12.0k | |
| Chief Risk Officer | 1.3yrs | US$637.30k | 0.0081% $ 127.8k | |
| Managing Director of Customer Intelligence & Operations | no data | no data | 0.065% $ 1.0m | |
| Vice President Financial Reporting & Accounting Control | no data | no data | no data | |
| IR Contact | no data | no data | no data | |
| General Counsel & Secretary | 3.3yrs | no data | 0.024% $ 376.6k | |
| 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 |
2.3yrs
Average Tenure
57yo
Average Age
Experienced Management: OFG's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.3yrs | US$3.49m | 0.79% $ 12.4m | |
| Independent Director | 1.8yrs | US$75.29k | no data | |
| Independent Chairman of the Board | 15.7yrs | US$200.70k | 0.23% $ 3.6m | |
| Independent Director | 4.8yrs | US$108.32k | 0.0065% $ 102.4k | |
| Independent Director | 9.9yrs | US$113.84k | 0.22% $ 3.4m | |
| Independent Director | 8.3yrs | US$122.32k | 0.043% $ 673.7k | |
| Independent Director | less than a year | US$58.33k | no data | |
| Independent Director | 2.5yrs | US$81.16k | 0.015% $ 242.8k |
6.5yrs
Average Tenure
60yo
Average Age
Experienced Board: OFG's board of directors are considered experienced (6.5 years average tenure).