Ofg Bancorp (OFG) Rent Expense (2010 - 2026)
Ofg Bancorp (OFG) posted quarterly Rent Expense of $13.4 million for Q1 2026, down 9.46% year-over-year from $14.8 million in Q1 2025, and down 12.52% quarter-over-quarter from $15.3 million in Q4 2025.
Ofg Bancorp (OFG) Rent Expense (2010 - 2026) Analysis & Trends
Ofg Bancorp (OFG) has reported Rent Expense for 17 consecutive years, with $13.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Rent Expense fell 9.46% year-over-year to $13.4 million; the TTM figure through Mar 2026 stood at $58.4 million (down 2.08% YoY), while the FY2025 annual figure was $59.8 million, up 1.11% from the prior year.
- Rent Expense declined to $13.4 million in Q1 2026 per OFG's latest filing, from $15.3 million in the prior quarter.
- Across five years, Rent Expense topped out at $15.7 million in Q4 2023 and bottomed at $11.9 million in Q1 2022.
- Historically, Rent Expense has averaged $14.3 million across 5 years, with a median of $14.4 million in 2024.
- Annual changes were most pronounced in 2023 — Rent Expense grew 19.65% — and 2026, when it dropped 9.46%.
- Ofg Bancorp's Rent Expense stood at $13.9 million in 2022, then gained by 13.22% to $15.7 million in 2023, then slipped by 2.83% to $15.3 million in 2024, then advanced by 0.35% to $15.3 million in 2025, then decreased by 12.52% to $13.4 million in 2026.
- Business Quant data shows OFG's Rent Expense at $13.4 million in Q1 2026, $15.3 million in Q4 2025, and $15.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 154.00 Mn |
| 10 | Ofg Bancorp | 2.19 Bn | 1.45 Bn | - | 14.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.27 Mn |
| Jun 30, 2026 | 14.27 Mn |
| Mar 31, 2026 | 13.42 Mn |
| Mar 31, 2026 | 13.42 Mn |
| Dec 31, 2025 | 15.34 Mn |
| Dec 31, 2025 | 15.34 Mn |
| Sep 30, 2025 | 14.99 Mn |
| Sep 30, 2025 | 14.99 Mn |
| Jun 30, 2025 | 14.63 Mn |
| Jun 30, 2025 | 14.63 Mn |
| Mar 31, 2025 | 14.82 Mn |
| Mar 31, 2025 | 14.82 Mn |
| Dec 31, 2024 | 15.28 Mn |
| Dec 31, 2024 | 15.28 Mn |
| Sep 30, 2024 | 15.12 Mn |
| Sep 30, 2024 | 15.12 Mn |
| Jun 30, 2024 | 14.39 Mn |
| Jun 30, 2024 | 14.39 Mn |
| Mar 31, 2024 | 14.32 Mn |
| Mar 31, 2024 | 14.32 Mn |