OFG Bancorp

NYSE:OFG Stock Report

Market Cap: US$1.9b

OFG Bancorp Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Jos Fernández

Chief executive officer

US$3.5m

Total compensation

CEO salary percentage26.8%
CEO tenure21yrs
CEO ownership0.5%
Management average tenure4yrs
Board average tenure3.3yrs

Recent management updates

Recent updates

OFG Bancorp: Upgrading To Buy And Raising The Earnings Estimate

Oct 15

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

Oct 14
Do OFG Bancorp's (NYSE:OFG) Earnings Warrant Your Attention?

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

Jul 03
Should You Be Adding OFG Bancorp (NYSE:OFG) To Your Watchlist Today?

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

Mar 01
OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.25

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

Feb 04
OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.25

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

Jan 04
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

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 Increasing Its Dividend To $0.22

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

Aug 14
OFG Bancorp (NYSE:OFG) Is Paying Out A Larger Dividend Than Last Year

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

Jul 30
OFG Bancorp's (NYSE:OFG) Shareholders Will Receive A Bigger Dividend Than Last Year

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

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

May 05
OFG Bancorp's (NYSE:OFG) Upcoming Dividend Will Be Larger Than Last Year's

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

May 04
Do OFG Bancorp's (NYSE:OFG) Earnings Warrant Your Attention?

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

Jan 29
OFG Bancorp (NYSE:OFG) Will Pay A Larger Dividend Than Last Year At $0.22

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

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

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

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)

21yrs

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
President21yrsUS$3.49m0.51%
$ 9.9m
Maritza Arizmendi Diaz
Chief Financial Officer7.8yrsUS$1.19m0.13%
$ 2.5m
Mari Rodríguez Mimoso
Chief Retail Banking Officer1.7yrsUS$841.78k0.0060%
$ 115.6k
Cesar Ortiz-Marcano
Chief Risk Officer2yrsUS$637.30k0.0083%
$ 161.0k
Ada Castello
Managing Director of Customer Intelligence & Operationsno datano data0.067%
$ 1.3m
Krisen Torres
Vice President Financial Reporting & Accounting Controlno datano datano data
Gary Fishman
IR Contactno datano datano data
Hugh Gonzalez-Robison
General Counsel & Secretary4yrsno data0.025%
$ 474.6k
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

4.0yrs

Average Tenure

56yo

Average Age

Experienced Management: OFG's management team is considered experienced (4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
José Fernández
President20yrsUS$3.49m0.51%
$ 9.9m
Annette Franqui
Independent Director2.5yrsUS$75.29k0.0013%
$ 25.3k
Susan Harnett
Independent Director5.5yrsUS$108.32k0.010%
$ 193.4k
Roberto Garcia-Rodriguez
Directorless than a yearno datano data
Jorge Colon-Gerena
Independent Director10.7yrsUS$115.32k0.11%
$ 2.1m
Nestor de Jesus
Lead Independent Director9yrsUS$122.32k0.048%
$ 920.4k
Angel Vazquez
Independent Director1.8yrsUS$58.33kno data
Rafael Velez-Dominguez
Independent Director3.3yrsUS$115.32k0.019%
$ 370.2k
Lynda Grindstaff
Directorless than a yearno datano data

3.3yrs

Average Tenure

60yo

Average Age

Experienced Board: OFG's board of directors are considered experienced (3.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 05:48
End of Day Share Price 2025/01/08 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

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.

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