Ofg Bancorp (OFG) Operating Expenses (2010 - 2026)
Ofg Bancorp (OFG) posted quarterly Operating Expenses of $94.7 million for Q1 2026, up 1.34% year-over-year from $93.5 million in Q1 2025, and down 9.82% quarter-over-quarter from $105.0 million in Q4 2025.
Ofg Bancorp (OFG) Operating Expenses (2010 - 2026) Analysis & Trends
Ofg Bancorp (OFG) has reported Operating Expenses for 17 consecutive years, with $94.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 1.34% year-over-year to $94.7 million; the TTM figure through Mar 2026 stood at $391.1 million (up 3.53% YoY), while the FY2025 annual figure was $389.8 million, up 3.76% from the prior year.
- Operating Expenses slipped to $94.7 million in Q1 2026 per OFG's latest filing, from $105.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $105.0 million in Q4 2025 and bottomed at $81.2 million in Q1 2022.
- Historically, Operating Expenses has averaged $92.3 million across 5 years, with a median of $91.6 million in 2022.
- Annual changes were most pronounced in 2023 — Operating Expenses advanced 11.17% — and 2024, when it increased 1.32%.
- Ofg Bancorp's Operating Expenses stood at $91.6 million in 2022, then climbed by 2.68% to $94.1 million in 2023, then gained by 5.97% to $99.7 million in 2024, then advanced by 5.31% to $105.0 million in 2025, then declined by 9.82% to $94.7 million in 2026.
- Business Quant data shows OFG's Operating Expenses at $94.7 million in Q1 2026, $105.0 million in Q4 2025, and $96.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 2.11 Bn |
| 10 | Ofg Bancorp | 2.21 Bn | 1.46 Bn | - | 102.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 102.83 Mn |
| Mar 31, 2026 | 94.70 Mn |
| Dec 31, 2025 | 105.01 Mn |
| Sep 30, 2025 | 96.55 Mn |
| Jun 30, 2025 | 94.80 Mn |
| Mar 31, 2025 | 93.45 Mn |
| Dec 31, 2024 | 99.72 Mn |
| Sep 30, 2024 | 91.60 Mn |
| Jun 30, 2024 | 92.96 Mn |
| Mar 31, 2024 | 91.41 Mn |
| Dec 31, 2023 | 94.10 Mn |
| Sep 30, 2023 | 90.16 Mn |
| Jun 30, 2023 | 88.89 Mn |
| Mar 31, 2023 | 90.22 Mn |
| Dec 31, 2022 | 91.64 Mn |
| Sep 30, 2022 | 87.49 Mn |
| Jun 30, 2022 | 85.26 Mn |
| Mar 31, 2022 | 81.16 Mn |
| Dec 31, 2021 | 86.49 Mn |
| Sep 30, 2021 | 78.92 Mn |