OFG Bancorp Q2 2026 Earnings Call: Complete Transcript

OFG Bancorp (NYSE: OFG ) held its second-quarter earnings conference call on Tuesday.

Below is the complete transcript from the call.

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View the webcast at Summary OFG Bancorp reported a strong financial performance with a 21% year-over-year increase in earnings per share and a 4% growth in total core revenues, driven by loan growth and core deposit strength.

The company launched a new branding campaign aimed at promoting its evolution into a digital bank, focusing on innovative account products, omnichannel platforms, and intelligent banking.

OFG Bancorp raised its net interest margin guidance to a range of 5.25% to 5.35% for the second half of 2026, citing stable deposit growth and a strong commercial pipeline.

Credit quality improved with net charge-offs at 1.0% of average loans and a decrease in non-performing loans, reflecting successful sales of non-performing assets.

Management expressed confidence in Puerto Rico's resilient economy and highlighted the ongoing investment in technology and AI to enhance customer experience and operational efficiency.

Full Transcript Bo, Operator Good morning everyone.

Thank you for joining OFG Bancorp's conference call.

My name is Bo and I will be your operator today.

Our speakers today are Jose Rafael Fernandez, Chief Executive Officer and Chairman of the Board of Directors, Maritza Arizmendi, Chief Financial Officer, and Cesar Ortiz, Chief Risk Officer.

A presentation accompanies today's remarks.

It can be found on the homepage of the OFG website under the Second Quarter 2026 section.

This call may feature certain forward-looking statements about management's goals, plans and expectations.

These statements are subject to risks and uncertainties outlined in the Risk Factors section of OFG's SEC filings.

Actual results may differ materially from those currently anticipated.

We disclaim any obligation to update information disclosed in this call as a result of developments that occur afterwards.

All lines have been placed on mute to prevent any background noise.

After the speakers' remarks, there will be a question and answer session.

Instructions will be given at that time.

I would now like to turn the call over to Mr.

Fernandez.

Please go ahead, sir.

Jose Rafael Fernandez, Chairman and CEO Good morning and thank you for joining us.

We are pleased to report our second quarter results.

We had another all-around outstanding quarter with good momentum in all areas.

Let's go to page three of our presentation.

We continue to show strong financial performance.

Earnings per share increased 21% year over year on 4% growth in total core revenues.

This was driven by consistent loan growth, core deposit strength, stable credit quality and effective balance sheet management.

We saw continued solid and steady momentum across all our businesses, supported by disciplined execution, excellent customer engagement and our differentiated operating model.

During the quarter we launched a new branding campaign highlighting our strategic and financial evolution into a digital bank with a human touch—one that combines innovative technology and our customer-focused culture with healthy consumer and business liquidity, wage growth and historically low unemployment.

Puerto Rico's economy continues to be resilient.

Please turn to page four.