OFG Bancorp (OFG) Balance Sheet
OFG balance sheet, 2025
December 31, 2025 · U.S. dollars$12.47B assets = $11.08B liabilities + $1.39B equity
Both columns are drawn to the same scale: what OFG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OFG financial health
Descriptive bands, not a rating. Fiscal 2025.
OFG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.50B2016 | $12.47B2025 | +7.5%/yr | |
| Total liabilities | $5.58B2016 | $11.08B2025 | +7.9%/yr | |
| Shareholders’ equity | $920.4M2016 | $1.39B2025 | +4.7%/yr | |
| Cash & short-term investments | $1.26B2016 | $1.04B2025 | −2.1%/yr | |
| Total debt | $392.8M2016 | $580.5M2025 | +4.4%/yr | |
| Net cash (debt) | $869.1M2016 | $459.9M2025 | −$409.2M | |
| Working capital | $2.62B2016 | −$9.37B2025 | −$12.0B | |
| Book value per share | $18.022016 | $29.352025 | +5.6%/yr | |
| Debt / equity | 0.432016 | 0.422025 | −0.01 | |
| Shares outstanding | 51.1M2016 | 47.4M2025 | −0.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OFG assets
OFG liabilities and equity
OFG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OFG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.04B | $2.93B | $2.85B | $1.96B | $2.53B | $2.60B | $1.93B | $1.29B | $1.13B | $1.26B |
| Cash & equivalents | $1.04B | $591.1M | $748.2M | $550.3M | $2.02B | $2.15B | $852.8M | $450.1M | $488.2M | $513.5M |
| Short-term investments | $23,000 | $2.34B | $2.10B | $1.41B | $510.7M | $446.4M | $1.07B | $841.9M | $645.8M | $751.5M |
| Receivables | $162.0M | $71.7M | $71.4M | $62.4M | $56.6M | $65.5M | $138.2M | $106.0M | $138.9M | $113.9M |
| Inventory | $0 | $0 | $628.9M | −$741.0M | −$2.19B | −$2.33B | −$997.3M | −$31.6M | −$42.7M | −$40.9M |
| Other current assets | $20.4M | $72.1M | $0 | $795.9M | $2.25B | $2.39B | $997.3M | $3.78B | $3.64B | $3.64B |
| Total current assets | $1.22B | $3.07B | $2.98B | $2.08B | $2.65B | $2.73B | $2.07B | $5.15B | $4.87B | $4.98B |
| Property, plant & equipment (net) | $93.6M | $123.7M | $125.8M | $132.2M | $121.0M | $115.2M | $120.2M | $68.9M | $67.9M | $70.4M |
| Goodwill & intangible assets | $94.1M | $169.5M | $154.5M | $162.8M | $171.1M | $179.3M | $193.8M | $100.2M | $100.6M | $102.1M |
| Long-term investments | $2.85B | $2.72B | $2.69B | $1.97B | $889.9M | $6.51B | $6.64B | $1.28B | $1.17B | $1.36B |
| Other non-current assets | $8.20B | $5.41B | $5.40B | $5.47B | $6.07B | $298.8M | $275.8M | $0 | $0 | $0 |
| Total assets | $12.47B | $11.50B | $11.34B | $9.82B | $9.90B | $9.83B | $9.30B | $6.58B | $6.19B | $6.50B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $125.0M | $8.60B | $154.4M | $185.7M | $87.7M | $86.8M | $95.4M |
| Short-term debt | $100.7M | $75.2M | $8.3M | $35.9M | $37.7M | $38.8M | $182.8M | $248.3M | $172.6M | $390.3M |
| Total current liabilities | $10.60B | $9.68B | $9.76B | $8.69B | $8.70B | $8.57B | $3.80B | $2.46B | $2.24B | $2.36B |
| Long-term debt | $9,000 | $0 | $2,000 | $318,000 | $36.9M | $38.5M | $913,000 | $333,000 | $1.3M | $2.4M |
| Lease obligations | $23.2M | $21.4M | $24.0M | $27.4M | $30.5M | $32.6M | $39.8M | — | — | — |
| Other long-term liabilities | $479.7M | $566.4M | $388.8M | $82.7M | $94.3M | $131.5M | $154.2M | $114.6M | $134.6M | $139.2M |
| Total liabilities | $11.08B | $10.25B | $10.15B | $8.78B | $8.83B | $8.74B | $155.1M | $5.58B | $5.24B | $5.58B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M | $52.6M | $52.6M |
| Retained earnings (deficit) | $904.6M | $772.0M | $639.3M | $516.4M | $399.9M | $300.1M | $280.0M | $253.0M | $200.9M | $177.8M |
| Treasury stock | — | — | — | −$211.1M | −$150.6M | −$102.9M | −$102.3M | −$103.6M | −$104.5M | −$104.9M |
| Accumulated other comprehensive income | −$16.9M | $79.7M | $84.0M | $40.5M | $122.8M | $114.3M | $94.8M | $79.2M | $78.5M | $77.9M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.39B | $1.25B | $1.19B | $1.04B | $1.07B | $1.09B | $9.14B | $999.9M | $945.1M | $920.4M |
| Key figures | ||||||||||
| Total debt | $580.5M | $422.6M | $224.8M | $54.4M | $95.1M | $134.9M | $183.7M | $248.6M | $173.9M | $392.8M |
| Net cash (debt) | $459.9M | $2.51B | $2.62B | $1.91B | $2.44B | $2.47B | $1.74B | $1.04B | $957.1M | $869.1M |
| Working capital | −$9.37B | −$6.61B | −$6.78B | −$6.61B | −$6.05B | −$5.84B | −$1.73B | $2.69B | $2.63B | $2.62B |
| Tangible book value | $1.30B | $1.08B | $1.04B | $879.7M | $898.0M | $906.7M | $8.95B | $899.7M | $844.5M | $818.3M |
| Book value per share | $29.35 | $26.74 | $25.10 | $21.52 | $20.81 | $21.06 | $176.77 | $19.47 | $18.50 | $18.02 |
| Shares outstanding | 47.4M | 46.9M | 47.6M | 48.4M | 51.4M | 51.6M | 51.7M | 51.3M | 51.1M | 51.1M |
| Current ratio | 0.12 | 0.32 | 0.31 | 0.24 | 0.30 | 0.32 | 0.54 | 2.09 | 2.17 | 2.11 |
| Quick ratio | 0.11 | 0.31 | 0.30 | 0.23 | 0.30 | 0.31 | 0.54 | 0.57 | 0.57 | 0.58 |
| Debt / equity | 0.42 | 0.34 | 0.19 | 0.05 | 0.09 | 0.12 | 0.02 | 0.25 | 0.18 | 0.43 |
| Equity / assets | 11.2% | 10.9% | 10.5% | 10.6% | 10.8% | 11.1% | 98.3% | 15.2% | 15.3% | 14.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.44B | $637.0M | $1.04B | $2.83B | $3.26B | $2.65B | $2.93B | $2.91B | $2.84B | $2.65B | $2.85B | $2.05B |
| Cash & equivalents | $745.7M | $636.5M | $1.04B | $262.8M | $851.8M | $235.0M | $591.1M | $680.6M | $740.4M | $754.4M | $748.2M | $532.7M |
| Short-term investments | $2.70B | $500,000 | $23,000 | $2.57B | $2.41B | $2.42B | $2.34B | $2.23B | $2.10B | $1.90B | $2.10B | $1.51B |
| Receivables | $175.1M | $165.7M | $162.0M | $59.7M | $166.8M | $70.0M | $71.7M | $70.4M | $73.0M | $72.1M | $71.4M | $67.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$899.6M | −$901.9M | −$893.8M | −$713.1M |
| Other current assets | $25.7M | $0 | $20.4M | $150.5M | $119.8M | $68.3M | $72.1M | $98.9M | $988.1M | $964.0M | $956.8M | $780.6M |
| Total current assets | $3.64B | $802.7M | $1.22B | $3.04B | $3.55B | $2.79B | $3.07B | $3.08B | $3.00B | $2.79B | $2.98B | $2.18B |
| Property, plant & equipment (net) | $95.6M | $113.0M | $93.6M | $123.5M | $119.4M | $122.2M | $123.7M | $125.6M | $124.7M | $126.6M | $125.8M | $123.1M |
| Goodwill & intangible assets | $92.1M | $93.1M | $94.1M | $162.8M | $96.6M | $167.0M | $169.5M | $169.0M | $151.8M | $153.0M | $154.5M | $157.3M |
| Long-term investments | $2.71B | $2.80B | $2.85B | $2.94B | $2.78B | $2.79B | $2.72B | $2.61B | $2.48B | $2.48B | $2.69B | $2.07B |
| Other non-current assets | $5.62B | $8.24B | $8.20B | $5.96B | $5.68B | $5.87B | $5.41B | $5.48B | $5.51B | $5.61B | $5.40B | $5.72B |
| Total assets | $12.15B | $12.05B | $12.47B | $12.23B | $12.23B | $11.73B | $11.50B | $11.46B | $11.26B | $11.16B | $11.34B | $10.26B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $8.54B |
| Short-term debt | $556.6M | $100.1M | $100.7M | $157.3M | $27.5M | $642,000 | $75.2M | $217.2M | $204.1M | $6.2M | $8.3M | $150.7M |
| Total current liabilities | $10.54B | $100.1M | $10.60B | $10.17B | $10.17B | $9.92B | $9.68B | $9.61B | $9.61B | $9.55B | $9.76B | $8.69B |
| Long-term debt | $0 | $400.0M | $9,000 | $0 | $0 | $0 | $0 | $0 | $200.7M | $200.8M | $200.8M | $0 |
| Lease obligations | $21.4M | $22.1M | $23.2M | $24.7M | $19.4M | $20.8M | $21.4M | $22.6M | $22.6M | $24.0M | $24.0M | $22.3M |
| Other long-term liabilities | $207.6M | $10.18B | $479.7M | $688.4M | $725.4M | $510.3M | $566.4M | $534.6M | $225.4M | $194.5M | $188.0M | $469.4M |
| Total liabilities | $10.75B | $10.68B | $11.08B | $10.85B | $10.90B | $10.43B | $10.25B | $10.14B | $10.03B | $9.94B | $10.15B | $9.16B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M | $59.9M |
| Retained earnings (deficit) | $976.9M | $938.3M | $904.6M | $866.8M | $833.2M | $802.0M | $772.0M | $737.8M | $706.8M | $672.5M | $639.3M | $607.5M |
| Accumulated other comprehensive income | −$38.9M | $160.2M | −$16.9M | $156.3M | $130.1M | $115.9M | $79.7M | $132.0M | $74.1M | $74.0M | $84.0M | $19.1M |
| Total shareholders' equity | $1.41B | $1.37B | $1.39B | $1.38B | $1.33B | $1.30B | $1.25B | $1.32B | $1.23B | $1.22B | $1.19B | $1.10B |
| Key figures | ||||||||||||
| Total debt | $578.0M | $578.8M | $580.5M | $582.0M | $530.8M | $276.4M | $422.6M | $293.4M | $223.3M | $224.0M | $224.8M | $473.7M |
| Net cash (debt) | $2.86B | $58.2M | $459.9M | $2.25B | $2.73B | $2.37B | $2.51B | $2.62B | $2.61B | $2.43B | $2.62B | $1.57B |
| Working capital | −$6.90B | $702.6M | −$9.37B | −$7.13B | −$6.62B | −$7.13B | −$6.61B | −$6.53B | −$6.61B | −$6.76B | −$6.78B | −$6.51B |
| Tangible book value | $1.32B | $1.27B | $1.30B | $1.21B | $1.24B | $1.13B | $1.08B | $1.15B | $1.08B | $1.06B | $1.04B | $938.2M |
| Book value per share | $33.19 | $31.82 | $29.35 | $30.80 | $29.63 | $28.46 | $27.12 | $28.05 | $26.05 | $25.68 | $25.19 | $22.70 |
| Shares outstanding | 42.4M | 43.0M | 47.4M | 44.7M | 45.0M | 45.5M | 46.2M | 47.0M | 47.1M | 47.3M | 47.4M | 48.3M |
| Current ratio | 0.35 | 8.02 | 0.12 | 0.30 | 0.35 | 0.28 | 0.32 | 0.32 | 0.31 | 0.29 | 0.31 | 0.25 |
| Quick ratio | 0.34 | 8.02 | 0.11 | 0.28 | 0.34 | 0.27 | 0.31 | 0.31 | 0.30 | 0.29 | 0.30 | 0.24 |
| Debt / equity | 0.41 | 0.42 | 0.42 | 0.42 | 0.40 | 0.21 | 0.34 | 0.22 | 0.18 | 0.18 | 0.19 | 0.43 |
| Equity / assets | 11.6% | 11.3% | 11.2% | 11.2% | 10.9% | 11.0% | 10.9% | 11.5% | 10.9% | 10.9% | 10.5% | 10.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
OFG financial position
At the end of fiscal 2025 (December 31, 2025), OFG Bancorp had total assets of $12.5 billion (up 8.4% from a year earlier), total liabilities of $11.1 billion and shareholders' equity of $1.4 billion. It held $1.0 billion in cash and short-term investments against $580.5 million of debt, a net cash position of $459.9 million. Its current ratio was 0.12. In the latest quarter (ended June 30, 2026) total assets were $12.2 billion and equity $1.4 billion.
Related: OFG income statement, OFG cash flow statement, OFG key metrics. See the OFG stock overview for the latest quote and news.
OFG balance sheet FAQ
What are OFG Bancorp's total assets?
OFG Bancorp reported total assets of $12.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $11.5 billion a year earlier.
How much debt does OFG Bancorp have?
OFG Bancorp had $580.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.42.
How much cash does OFG Bancorp have?
OFG Bancorp held $1.0 billion in cash and short-term investments at the end of fiscal 2025; with $580.5 million of debt that is net cash of $459.9 million.
What is OFG Bancorp's book value?
OFG Bancorp's shareholders' equity (book value) was $1.4 billion at the end of fiscal 2025, or $29.35 per share.
What is OFG Bancorp's current ratio?
OFG Bancorp had current assets of $1.2 billion and current liabilities of $10.6 billion, a current ratio of 0.12 (current liabilities exceed current assets).
How much goodwill does OFG Bancorp have?
OFG Bancorp carried $94.1 million of goodwill and intangible assets, 0.8% of total assets, at the end of fiscal 2025.