Ofg Bancorp (OFG) Rent Expense (2010 - 2026)
Ofg Bancorp's (OFG) quarterly Rent Expense came in at $14.3 million in Q2 2026, down 2.43% year-over-year from $14.6 million in Q2 2025, and up 6.37% quarter-over-quarter from $13.4 million in Q1 2026.
Analysis
Ofg Bancorp (OFG) Rent Expense (2010 - 2026) Analysis & Trends
Ofg Bancorp (OFG) has reported Rent Expense for 17 consecutive years, with $14.3 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Rent Expense fell 2.43% year-over-year to $14.3 million in Q2 2026; TTM through Jun 2026 was $58.0 million, a 3.06% decrease from a year earlier, with the FY2025 full-year figure at $59.8 million, up 1.11% from the prior year.
- Rent Expense was $14.3 million for Q2 2026 at Ofg Bancorp, up from $13.4 million in the prior quarter.
- Over five years, Rent Expense peaked at $15.7 million in Q4 2023 and troughed at $11.9 million in Q1 2022.
- A 5-year average of $14.3 million and a median of $14.4 million in 2023 frame the typical range for Rent Expense.
- Across the five-year window, Rent Expense climbed 19.65% in 2023 and slipped 9.46% in 2026, its largest moves.
- Over 5 years, Rent Expense stood at $13.9 million in 2022, then increased by 13.22% to $15.7 million in 2023, then retreated by 2.83% to $15.3 million in 2024, then rose by 0.35% to $15.3 million in 2025, then dropped by 6.94% to $14.3 million in 2026.
- The last three Rent Expense figures came in at $14.3 million (Q2 2026), $13.4 million (Q1 2026), and $15.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 448.38 Bn | 568.32 Bn | - | - |
| 2 | Truist Financial | 63.10 Bn | 63.10 Bn | - | 171.00 Mn |
| 3 | Fifth Third Bancorp | 49.74 Bn | 26.02 Bn | - | 154.00 Mn |
| 4 | M&T Bank | 34.66 Bn | 34.66 Bn | - | 129.00 Mn |
| 5 | Huntington Bancshares | 34.41 Bn | 29.92 Bn | - | 90.00 Mn |
| 6 | Citizens Financial | 29.91 Bn | 29.91 Bn | - | 108.00 Mn |
| 7 | Regions Financial | 25.92 Bn | 25.99 Bn | - | 73.00 Mn |
| 8 | Keycorp | 23.68 Bn | -24.02 Bn | - | 68.00 Mn |
| 9 | First Citizens Bancshares | 22.94 Bn | 22.41 Bn | 29.00 Mn | 59.00 Mn |
| 10 | Ofg Bancorp | 2.25 Bn | 1.50 Bn | - | 14.27 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.27 Mn |
| Mar 31, 2026 | 13.42 Mn |
| Dec 31, 2025 | 15.34 Mn |
| Sep 30, 2025 | 14.99 Mn |
| Jun 30, 2025 | 14.63 Mn |
| Mar 31, 2025 | 14.82 Mn |
| Dec 31, 2024 | 15.28 Mn |
| Sep 30, 2024 | 15.12 Mn |
| Jun 30, 2024 | 14.39 Mn |
| Mar 31, 2024 | 14.32 Mn |
| Dec 31, 2023 | 15.73 Mn |
| Sep 30, 2023 | 14.89 Mn |
| Jun 30, 2023 | 14.36 Mn |
| Mar 31, 2023 | 14.26 Mn |
| Dec 31, 2022 | 13.89 Mn |
| Sep 30, 2022 | 12.64 Mn |
| Jun 30, 2022 | 12.86 Mn |
| Mar 31, 2022 | 11.92 Mn |
| Dec 31, 2021 | 12.42 Mn |
| Sep 30, 2021 | 12.08 Mn |