OFG Bancorp 3Q26 EPS $1.33, Down From $1.39; NIM Slips to 5.23%
OFG sits 49% above its 52-week low of $35.71.
Summary
OFG Bancorp earned $1.33 per diluted share in 3Q26, down from $1.39 in 2Q26 but up from $1.16 a year ago, as net interest margin compressed to 5.23%. Credit metrics improved and CET1 held at 14.10%, while tangible book value per share fell to $29.66 on a wider AOCI loss.
Key Events · Earnings and Guidance · OFG
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3Q26 EPS $1.33, Down Sequentially
Diluted EPS of $1.33 versus $1.39 in 2Q26 and $1.16 in 3Q25; net income available to common was $56.6M.
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Net Interest Margin Compresses to 5.23%
NIM fell from 5.45% in 2Q26 as total interest expense rose $2.3M to $42.2M on higher deposit balances and rates; core revenues were $185.7M vs $190.3M sequentially.
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Credit Quality Improves
Net charge-off rate dropped to 0.70% from 1.40% in 2Q26 and the nonperforming loan rate eased to 0.74% from 0.81%, though early delinquency ticked up to 2.65% on seasonal auto trends.
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Tangible Book Value Falls on AOCI
TBV per share declined to $29.66 from $31.12 in 2Q26, driven by accumulated other comprehensive loss widening to $139.2M from $38.9M.
Analysis · OFG · Finance
The sequential step-down in earnings looks margin-driven rather than credit-driven. EPS of $1.33 fell 4.3% from $1.39 even as it rose 14.7% year over year from $1.16, and the net interest margin dropped 22 basis points to 5.23% as deposit costs rose and time deposits grew. Credit quality is the offsetting positive: net charge-offs fell to 0.70% from 1.40% and nonperforming loans eased to 0.74% from 0.81%. Capital remains solid with CET1 at 14.10%, and the company bought back $13.5M of stock in the quarter. The soft spot is tangible book value per share, down to $29.66 from $31.12 as accumulated other comprehensive loss widened by roughly $100M.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 29.1% of the 1524 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OFG was trading at $53.15 on NYSE in the Finance sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $35.71 to $54.47. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.