OFG Historical Income Statement

OFG Stock

USD 43.82 0.53 1.22%

Historical analysis of OFG Bancorp income statement accounts such as Ebit of 319.4 M can show how well OFG Bancorp performed in making a profits. Evaluating OFG Bancorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of OFG Bancorp's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining OFG Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether OFG Bancorp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OFG Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more detail on how to invest in OFG Stock please use our How to Invest in OFG Bancorp guide.

About OFG Income Statement Analysis

OFG Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to OFG Bancorp shareholders. The income statement also shows OFG investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

OFG Bancorp Income Statement Chart

At this time, OFG Bancorp's EBIT is most likely to increase significantly in the upcoming years. The OFG Bancorp's current EBITDA is estimated to increase to about 352.4 M, while Cost Of Revenue is forecasted to increase to (266.8 K).

Interest Expense Operating Income Ebitda Total Revenue Gross Profit Net Income From Continuing Ops

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Operating Income

Operating Income is the amount of profit realized from OFG Bancorp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of OFG Bancorp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Revenue

Total revenue comprises all receipts OFG Bancorp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of OFG Bancorp minus its cost of goods sold. It is profit before OFG Bancorp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most accounts from OFG Bancorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into OFG Bancorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OFG Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more detail on how to invest in OFG Stock please use our How to Invest in OFG Bancorp guide.At this time, OFG Bancorp's EBIT is most likely to increase significantly in the upcoming years. The OFG Bancorp's current EBITDA is estimated to increase to about 352.4 M, while Cost Of Revenue is forecasted to increase to (266.8 K).

	2022	2023	2024	2025 (projected)
EBIT	244.2M	264.5M	304.2M	319.4M
Operating Income	277.6M	264.5M	304.2M	319.4M

Ebit Operating Income

OFG Bancorp income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Net Income	Income Tax Expense	Total Revenue	Gross Profit	Depreciation And Amortization	Selling General Administrative	Selling And Marketing Expenses	Total Other Income Expense Net	Cost Of Revenue	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Interest Expense		0.25	0.38	0.41	0.39	0.39	0.06	0.1	-0.02	0.1	0.1	0.09	-0.16	0.48	-0.46	-0.39	0.04	-0.1	0.19	0.26	0.07
Other Operating Expenses	0.25		0.6	0.61	0.61	0.82	0.62	0.62	0.6	0.54	0.54	0.45	0.13	0.58	0.31	-0.16	0.62	0.57	0.54	0.54	0.34
Operating Income	0.38	0.6		1.0	0.99	0.69	0.9	0.91	0.85	0.81	0.81	0.76	0.58	0.86	-0.02	-0.38	0.88	0.76	0.68	0.64	0.66
Ebit	0.41	0.61	1.0		1.0	0.69	0.9	0.91	0.84	0.8	0.8	0.76	0.56	0.86	0.0	-0.37	0.88	0.75	0.67	0.64	0.65
Ebitda	0.39	0.61	0.99	1.0		0.69	0.92	0.93	0.86	0.84	0.84	0.8	0.58	0.88	0.04	-0.4	0.9	0.78	0.69	0.66	0.69
Total Operating Expenses	0.39	0.82	0.69	0.69	0.69		0.62	0.64	0.56	0.51	0.51	0.53	0.11	0.63	-0.02	-0.15	0.64	0.5	0.67	0.7	0.49
Income Before Tax	0.06	0.62	0.9	0.9	0.92	0.62		0.99	0.97	0.9	0.9	0.89	0.63	0.78	0.37	-0.33	0.99	0.93	0.78	0.73	0.82
Net Income	0.1	0.62	0.91	0.91	0.93	0.64	0.99		0.93	0.92	0.92	0.91	0.65	0.81	0.34	-0.35	1.0	0.9	0.78	0.74	0.81
Income Tax Expense	-0.02	0.6	0.85	0.84	0.86	0.56	0.97	0.93		0.84	0.84	0.84	0.56	0.69	0.41	-0.3	0.94	0.95	0.75	0.69	0.79
Total Revenue	0.1	0.54	0.81	0.8	0.84	0.51	0.9	0.92	0.84		1.0	0.96	0.78	0.89	0.39	-0.55	0.9	0.85	0.71	0.66	0.77
Gross Profit	0.1	0.54	0.81	0.8	0.84	0.51	0.9	0.92	0.84	1.0		0.96	0.78	0.89	0.39	-0.55	0.9	0.85	0.71	0.66	0.77
Depreciation And Amortization	0.09	0.45	0.76	0.76	0.8	0.53	0.89	0.91	0.84	0.96	0.96		0.67	0.83	0.38	-0.54	0.9	0.85	0.8	0.76	0.89
Selling General Administrative	-0.16	0.13	0.58	0.56	0.58	0.11	0.63	0.65	0.56	0.78	0.78	0.67		0.65	0.18	-0.45	0.62	0.57	0.35	0.27	0.46
Selling And Marketing Expenses	0.48	0.58	0.86	0.86	0.88	0.63	0.78	0.81	0.69	0.89	0.89	0.83	0.65		0.05	-0.63	0.77	0.65	0.64	0.62	0.63
Total Other Income Expense Net	-0.46	0.31	-0.02	0.0	0.04	-0.02	0.37	0.34	0.41	0.39	0.39	0.38	0.18	0.05		-0.08	0.37	0.5	0.29	0.26	0.34
Cost Of Revenue	-0.39	-0.16	-0.38	-0.37	-0.4	-0.15	-0.33	-0.35	-0.3	-0.55	-0.55	-0.54	-0.45	-0.63	-0.08		-0.29	-0.46	-0.32	-0.29	-0.41
Net Income From Continuing Ops	0.04	0.62	0.88	0.88	0.9	0.64	0.99	1.0	0.94	0.9	0.9	0.9	0.62	0.77	0.37	-0.29		0.9	0.79	0.74	0.82
Tax Provision	-0.1	0.57	0.76	0.75	0.78	0.5	0.93	0.9	0.95	0.85	0.85	0.85	0.57	0.65	0.5	-0.46	0.9		0.73	0.66	0.81
Net Interest Income	0.19	0.54	0.68	0.67	0.69	0.67	0.78	0.78	0.75	0.71	0.71	0.8	0.35	0.64	0.29	-0.32	0.79	0.73		0.99	0.94
Interest Income	0.26	0.54	0.64	0.64	0.66	0.7	0.73	0.74	0.69	0.66	0.66	0.76	0.27	0.62	0.26	-0.29	0.74	0.66	0.99		0.9
Reconciled Depreciation	0.07	0.34	0.66	0.65	0.69	0.49	0.82	0.81	0.79	0.77	0.77	0.89	0.46	0.63	0.34	-0.41	0.82	0.81	0.94	0.9

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OFG Bancorp Account Relationship Matchups

OFG Bancorp income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Interest Expense	64.9M	41.8M	33.5M	88.0M	101.2M	81.1M
Other Operating Expenses	(381.5M)	(326.0M)	230.9M	640.1M	736.2M	773.0M
Operating Income	94.8M	214.6M	277.6M	264.5M	304.2M	319.4M
Ebit	92.6M	219.0M	244.2M	264.5M	304.2M	319.4M
Ebitda	116.4M	243.0M	268.5M	291.8M	335.6M	352.4M
Total Operating Expenses	(381.5M)	(326.0M)	230.9M	640.1M	576.1M	604.9M
Income Before Tax	94.8M	214.6M	244.1M	265.2M	305.0M	320.3M
Net Income	74.3M	146.2M	166.2M	181.9M	209.2M	219.6M
Income Tax Expense	20.5M	68.5M	77.9M	83.4M	95.9M	100.7M
Total Revenue	476.3M	540.6M	613.8M	628.6M	722.9M	759.1M
Gross Profit	476.3M	540.6M	613.8M	628.6M	722.9M	759.1M
Depreciation And Amortization	23.8M	23.9M	24.3M	27.3M	31.4M	32.9M
Selling General Administrative	145.5M	273.0M	294.7M	167.7M	192.8M	202.5M
Selling And Marketing Expenses	5.9M	7.0M	8.2M	8.7M	10.1M	10.6M
Total Other Income Expense Net	(19.7M)	(11.5M)	(87.3M)	717K	824.6K	865.8K
Net Income Applicable To Common Shares	47.3M	67.8M	144.9M	166.2M	191.2M	200.7M
Net Income From Continuing Ops	74.3M	146.2M	166.2M	181.6M	208.9M	219.3M
Tax Provision	20.5M	68.5M	77.9M	83.3M	95.8M	100.6M
Net Interest Income	408.4M	407.4M	482.1M	552.6M	635.5M	419.2M
Interest Income	473.3M	449.2M	515.6M	618.4M	711.2M	476.6M
Reconciled Depreciation	23.8M	23.9M	24.3M	27.8M	31.9M	20.4M

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When determining whether OFG Bancorp is a strong investment it is important to analyze OFG Bancorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact OFG Bancorp's future performance. For an informed investment choice regarding OFG Stock, refer to the following important reports:

How To Invest In OFG

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Is OFG Stock a good investment?

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What is OFG Bancorp's Net Worth?

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Largest Regional Banks Companies

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Largest Banks - Regional Companies

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For more detail on how to invest in OFG Stock please use our How to Invest in OFG Bancorp guide.

You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OFG Bancorp. If investors know OFG will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OFG Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.053

Earnings Share

4.23

Revenue Per Share

13.63

Quarterly Revenue Growth

(0.02)

Return On Assets

0.0179

The market value of OFG Bancorp is measured differently than its book value, which is the value of OFG that is recorded on the company's balance sheet. Investors also form their own opinion of OFG Bancorp's value that differs from its market value or its book value, called intrinsic value, which is OFG Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OFG Bancorp's market value can be influenced by many factors that don't directly affect OFG Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between OFG Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if OFG Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OFG Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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OFG Historical Income Statement

About OFG Income Statement Analysis

OFG Bancorp Income Statement Chart

Interest Expense

Operating Income

Total Revenue

Gross Profit

OFG Bancorp income statement Correlations

OFG Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

OFG Bancorp income statement Accounts

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Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Net Income From Continuing Ops	+ 1.0	Net Income
Gross Profit	+ 1.0	Total Revenue
Ebitda	+ 0.99	Operating Income
Net Income	+ 0.99	Income Before Tax

Cost Of Revenue	- 0.63	Selling And Marketing Expenses
Cost Of Revenue	- 0.55	Gross Profit
Cost Of Revenue	- 0.55	Total Revenue
Cost Of Revenue	- 0.54	Depreciation And Amortization
Tax Provision	- 0.46	Cost Of Revenue
Total Other Income Expense Net	- 0.46	Interest Expense