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.
Revenue of OFG Bancorp (OFG)
Revenue in 2023 (TTM): $628.61 M
According to OFG Bancorp's latest financial reports the company's current revenue (TTM) is $628.61 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of OFG Bancorp
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $628.61 M | $628.61 M | $291.82 M | $265.25 M | $181.87 M |
| 2022 | $613.77 M | $613.77 M | $268.53 M | $244.11 M | $166.24 M |
| 2021 | $540.58 M | $540.58 M | $242.96 M | $214.6 M | $146.15 M |
| 2020 | $476.29 M | $476.29 M | $116.39 M | $94.83 M | $74.33 M |
| 2019 | $393.47 M | $393.47 M | $ | $75.81 M | $54.19 M |
| 2018 | $382.44 M | $382.44 M | $141.76 M | $132.8 M | $84.41 M |
| 2017 | $370.23 M | $370.23 M | $ | $68.09 M | $52.65 M |
| 2016 | $345.7 M | $345.7 M | $96.28 M | $85.18 M | $59.19 M |
| 2015 | $348.31 M | $348.31 M | $ | $-20,058,000 | $-2,504,000 |
| 2014 | $425.8 M | $365.96 M | $352.71 M | $122.43 M | $85.18 M |
| 2013 | $426.12 M | $426.12 M | $ | $89.74 M | $98.45 M |
| 2012 | $199.99 M | $183.24 M | $ | $27.86 M | $24.56 M |
| 2011 | $191.24 M | $189.52 M | $ | $35.32 M | $34.45 M |
| 2010 | $157.5 M | $157.5 M | $ | $5.54 M | $9.83 M |
| 2009 | $206.57 M | $206.57 M | $ | $29.92 M | $22.95 M |
| 2008 | $99.07 M | $99.07 M | $ | $17.47 M | $26.79 M |
| 2007 | $116.23 M | $116.23 M | $ | $42.82 M | $41.27 M |
| 2006 | $61.36 M | $61.36 M | $ | $-6,737,000 | $-5,106,000 |
| 2004 | $121.3 M | $121.3 M | $ | $54.96 M | $56.61 M |
| 2003 | $121.3 M | $121.3 M | $69.23 M | $69.23 M | $63.65 M |
| 2002 | $133.25 M | $133.25 M | $ | $55.6 M | $51.32 M |
| 2001 | $113.45 M | $113.45 M | $ | $39.17 M | $38.45 M |
| 2000 | $90.25 M | $90.25 M | $ | $7.32 M | $8.47 M |
| 1999 | $48.44 M | $48.44 M | $ | $19.67 M | $19.57 M |
| 1998 | $67.68 M | $67.68 M | $ | $30 M | $26.6 M |
| 1997 | $78.1 M | $78.1 M | $ | $25.3 M | $21.4 M |
| 1996 | $66 M | $66 M | $ | $19.7 M | $16.6 M |
| 1995 | $54.9 M | $54.9 M | $ | $18.3 M | $14.7 M |
| 1994 | $47.6 M | $47.6 M | $ | $15 M | $12.1 M |
| 1993 | $39.1 M | $39.1 M | $9.8 M | $ | $9.8 M |
| 1992 | $24.4 M | $24.4 M | $ | $8.9 M | $7 M |
| 1991 | $24.4 M | $24.4 M | $ | $2.6 M | $2.1 M |
| 1990 | $16.6 M | $16.6 M | $ | $ | $1000 K |
| 1989 | $11.5 M | $11.5 M | $ | $ | $ |
| 1988 | $9 M | $9 M | $ | $ | $-500,000 |
| 1987 | $6.9 M | $6.9 M | $-3,800,000 | $ | $-3,800,000 |
| 1986 | $ | $ | $2.3 M | $ | $2.3 M |