OFG Bancorp delivered a fourth quarter diluted EPS of $1.27, up from $1.16 in the prior quarter and $1.09 a year earlier, reflecting a 16.4% year-over-year increase. Total core revenues rose to $185.4 million, a 1.9% sequential improvement and 1.9% gain versus the same period in 2024, driven by disciplined loan growth and modestly higher yields on investment securities.

For the full year, diluted EPS of $4.58 represented an 8.3% improvement over 2024’s $4.23, supported by a 2.8% rise in total core revenues to $729.8 million. Management repurchased $40.1 million of common shares in the fourth quarter and $91.6 million over the year, underscoring a commitment to capital deployment and enhancing tangible book value.

Asset quality remained sound, with net charge-offs of $26.9 million (1.32% of average loans) in the quarter versus $20.2 million (1.00%) in 3Q25. The nonperforming loan ratio was 1.59%, up from 1.22% sequentially but below last year’s 1.06%. Total provision for credit losses increased to $31.9 million, reflecting higher loan volumes and a specific reserve for a telecommunications commercial loan.

Loans held for investment grew 1.0% sequentially to $8.20 billion and 5.3% year-over-year, led by commercial and consumer lending. Customer deposits rose 1.1% sequentially to $9.92 billion and 5.0% annually. The CET1 capital ratio was 13.97%, slightly below 14.13% in 3Q25 but above regulatory requirements, while tangible common equity ratio held at a robust 10.47%.