OFG Bancorp

NYSE OFG

OFG Bancorp Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2024: 1.71%

OFG Bancorp Return on Assets (ROA) is 1.71% for the Trailing 12 Months (TTM) ending September 30, 2024, a -5.26% change year over year. Return on assets measures profitability against assets; higher ROA indicates efficient asset use and profitability.
  • OFG Bancorp Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2023 was 1.81%, a 19.28% change year over year.
  • OFG Bancorp Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2022 was 1.52%, a 16.76% change year over year.
  • OFG Bancorp Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2021 was 1.30%, a 165.17% change year over year.
  • OFG Bancorp Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2020 was 0.49%, a -56.45% change year over year.
Key data
Date Return on Assets (ROA) Return on Equity (ROE) Return on Capital Employed (ROCE) Interest Coverage Ratio
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NYSE: OFG

OFG Bancorp

CEO Mr. José Rafael Fernández
IPO Date March 26, 1987
Location United States
Headquarters 254 MuNoz Rivera Avenue
Employees 2,236
Sector Finance
Industries
Description

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services. It also provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. In addition, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company operates through a network of 50 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

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StockViz Staff

January 15, 2025

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