Filing Flows › OFG Bancorp (OFG) › Q3 2026
OFG Bancorp (OFG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
OFG Bancorp (OFG) reported revenue of $186M for the third quarter 2026 (Q3 2026), 0% from a year earlier and -2% from the quarter before. Operating margin was 38.6%, net earnings $56.6M (30.4% of revenue).
OFG Bancorp, Q3 2026: revenue $186M (0% year over year), operating margin 38.6%, net earnings $56.6M, operating cash flow $88.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $186M | -2% | 0% |
| Operating profit | $71.8M | -4% | +17% |
| Net earnings | $56.6M | -4% | +9% |
| Operating cash flow | $88.5M | +66% | +124% |
| Free cash flow | $83.2M | +85% | +134% |
What changed
Revenue was $186.2M in Q3 2026, roughly flat year over year and down 2% from the previous quarter. Net interest income was the largest line at 82% of revenue. Noninterest income added $1.2M year over year (up 4%), 3219% of the total change. Net interest income declined 1%.
Operating profit was $71.8M, a 38.6% margin (up 5.6 points year over year). Of the extra revenue versus a year earlier, 28211% reached operating profit, above the 33% margin then. Total costs fell 8% while revenue was flat. Net earnings were $56.6M, up 9% year over year. The effective tax rate was 21.2%.
Operating cash flow was $88.5M (up 124% year over year), 156% of net earnings. Non-cash charges added back $4.2M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $26.0M. Capital expenditures of $5.3M left free cash flow of $83.2M.
Questions
What was OFG Bancorp's revenue in the third quarter 2026?
OFG Bancorp (OFG) reported revenue of $186M for the third quarter 2026 (Q3 2026), 0% from a year earlier and -2% from the quarter before.
Was OFG Bancorp profitable in the third quarter 2026?
Operating profit was $71.8M (38.6% of revenue) and net earnings $56.6M.
Source: OFG Bancorp 10-Q on SEC EDGAR.