OFG Bancorp (NYSE: OFG) announced on October 24, 2025 that it earned a diluted EPS of $1.16 for the third quarter ended September 30, 2025, a 16% year‑over‑year increase from $1.00 in Q3 2024. Total core revenues rose to $184.0 million, up 5.6% from $174.1 million in the same quarter last year, driven by higher interest income and modest growth in banking and financial service revenues.
The bank’s net interest margin stood at 5.24%, while its return on average assets and return on tangible common equity were 1.69% and 16.39%, respectively. The efficiency ratio was 52.48%. Interest income reached $200.1 million against interest expense of $45.4 million, and the bank recorded a provision for credit losses of $28.3 million, up from $21.4 million in Q3 2024. Net charge‑offs were $20.2 million, or 1.00% of average loans.
OFG’s loan portfolio increased to $8.12 billion, up 4.73% year‑over‑year, with new loan production of $623.9 million. The company also repurchased $20.4 million of common shares during the quarter, continuing its capital return program. Digital‑first initiatives, including AI‑driven customer insights, were highlighted as key drivers of the quarter’s performance.
These figures represent a material earnings event for OFG Bancorp, providing investors with updated financial performance and guidance for the remainder of 2025.
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