AI Spotlight on OFG
Company 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.
Market Data
Last Price | 42.71 |
Change Percentage | -1.52% |
Open | 43.49 |
Previous Close | 43.37 |
Market Cap ( Millions) | 1960 |
Volume | 418166 |
Year High | 47.66 |
Year Low | 33.19 |
M A 50 | 43.54 |
M A 200 | 41.28 |
Financial Ratios
FCF Yield | 12.95% |
Dividend Yield | 2.34% |
ROE | 15.69% |
Debt / Equity | 22.26% |
Net Debt / EBIDTA | 138.95% |
Price To Book | 1.51 |
Price Earnings Ratio | 10.23 |
Price To FCF | 7.72 |
Price To sales | 2.41 |
EV / EBITDA | 10.67 |
News
- 14:10 - Watch These 5 Stocks That Recently Announced Dividend Hikes
- Jan -29 - OFG Bancorp: Maintaining A Buy Rating With A Flattish Earnings Outlook
- Jan -23 - OFG Bancorp (OFG) Q4 2024 Earnings Call Transcript
- Jan -22 - OFG Bancorp (OFG) Q4 Earnings and Revenues Beat Estimates
- Jan -22 - OFG Bancorp Reports 4Q24 & 2024 Results
- Dec -23 - OFG Bancorp to Report 4Q24 Results and Hold Call Wednesday, January 22, 2025
- Oct -28 - OFG Bancorp Declares Regular Quarterly Common Stock Dividend
- Oct -16 - OFG Bancorp (OFG) Q3 2024 Earnings Call Transcript
- Oct -16 - OFG Bancorp (OFG) Lags Q3 Earnings and Revenue Estimates
- Oct -16 - OFG Bancorp Reports 3Q24 Results
- Oct -15 - OFG Bancorp: Upgrading To Buy And Raising The Earnings Estimate
- Sep -17 - OFG Bancorp (OFG) Is Up 0.11% in One Week: What You Should Know
- Sep -16 - New Strong Buy Stocks for September 16th
- Sep -10 - Best Value Stocks to Buy for September 10th
- Sep -06 - Best Value Stocks to Buy for September 6th
- Aug -29 - OFG (OFG) Upgraded to Strong Buy: Here's What You Should Know
- Jul -19 - OFG Bancorp (OFG) Q2 2024 Earnings Call Transcript
- Jul -18 - OFG Bancorp (OFG) Q2 Earnings and Revenues Top Estimates
- Jul -18 - OFG Bancorp Reports 2Q24 Results
- May -29 - All You Need to Know About OFG (OFG) Rating Upgrade to Strong Buy
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Banking
Expected Growth : 6.5 %
What the company do ?
OFG Bancorp's banking segment provides a range of financial services, including consumer and commercial lending, deposit-taking, and mortgage banking in Puerto Rico and US Virgin Islands.
Why we expect these perspectives ?
OFG Bancorp's 6.5% growth is driven by strong loan growth, fueled by a robust Puerto Rico economy, and strategic expansion into the US mainland. Additionally, the bank's focus on digital transformation, cost savings initiatives, and a solid capital position have contributed to its growth momentum.
Segment nΒ°2 -> Treasury
Expected Growth : 6.8 %
What the company do ?
The Treasury from OFG Bancorp is a department that manages the financial institution's cash, investments, and funding to ensure liquidity and mitigate risk.
Why we expect these perspectives ?
Treasury growth of 6.8% at OFG Bancorp is driven by increasing deposit base, effective asset liability management, and strategic investments in digital banking platforms, resulting in higher fee income and improved operating leverage.
Segment nΒ°3 -> Wealth Management
Expected Growth : 7.2 %
What the company do ?
Wealth Management from OFG Bancorp offers investment and financial planning services to individuals, businesses, and institutions, providing tailored solutions for wealth creation and preservation.
Why we expect these perspectives ?
Wealth Management growth of 7.2% at OFG Bancorp is driven by increasing demand for investment services, strategic partnerships, and expansion into new markets. Additionally, the segment benefits from a strong brand reputation, experienced financial advisors, and a diversified product portfolio, including brokerage, insurance, and retirement planning services.
Ofg Bancorp Products
Product Range | What is it ? |
---|---|
Mortgage Loans | OFG Bancorp offers a range of mortgage loan options for individuals and families, including fixed-rate and adjustable-rate loans, government-backed loans, and jumbo loans. |
Consumer Loans | OFG Bancorp provides personal loans, auto loans, and credit cards for individuals, as well as lines of credit for small businesses. |
Commercial Loans | OFG Bancorp offers commercial loans and lines of credit for businesses, including term loans, construction loans, and asset-based lending. |
Deposit Accounts | OFG Bancorp offers a range of deposit accounts, including checking and savings accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). |
Investment Services | OFG Bancorp provides investment services, including brokerage services, investment advice, and wealth management. |
Insurance Services | OFG Bancorp offers insurance services, including life insurance, disability insurance, and long-term care insurance. |
OFG Bancorp's Porter Forces
Threat Of Substitutes
The threat of substitutes for OFG Bancorp is medium due to the presence of alternative financial institutions and digital payment platforms.
Bargaining Power Of Customers
The bargaining power of customers is low due to the lack of concentration of buyers and the presence of multiple banking options.
Bargaining Power Of Suppliers
The bargaining power of suppliers is low due to the presence of multiple suppliers and the lack of concentration of suppliers.
Threat Of New Entrants
The threat of new entrants is medium due to the presence of regulatory barriers and the need for significant capital investment to enter the market.
Intensity Of Rivalry
The intensity of rivalry is high due to the presence of multiple competitors and the need to differentiate products and services to attract customers.
Capital Structure
Value | |
---|---|
Debt Weight | 14.91% |
Debt Cost | 5.67% |
Equity Weight | 85.09% |
Equity Cost | 9.40% |
WACC | 8.85% |
Leverage | 17.52% |
OFG Bancorp : Quality Control
OFG Bancorp passed 8 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
Company | Rational |
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IBCP | Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, β¦ |
PEBK | Peoples Bancorp of North Carolina, Inc. operates as the bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to β¦ |
ORRF | Orrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, β¦ |
CHMG | Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, β¦ |
THFF | First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. The company also provides commercial loans primarily to β¦ |