Ofg Bancorp (OFG) Rent Expense (2010 - 2026)

Ofg Bancorp (OFG) reported 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 17 years of Rent Expense data on file, last reported at $13.4 million in Q1 2026.

  • Rent Expense for Q1 2026 came in at $13.4 million, down 9.46% year-over-year; the trailing twelve-month figure through Mar 2026 was $58.4 million (down 2.08% YoY), and the FY2025 annual result was $59.8 million, up 1.11% from the prior year.
  • Rent Expense retreated to $13.4 million in Q1 2026 per OFG's latest filing, from $15.3 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 2024 frame the typical range for Rent Expense.
  • The sharpest annual moves came in 2023 and 2026: Rent Expense grew 19.65% in 2023, then dropped 9.46% in 2026.
  • A 5-year view of Rent Expense shows it stood at $13.9 million in 2022, then rose by 13.22% to $15.7 million in 2023, then decreased by 2.83% to $15.3 million in 2024, then gained by 0.35% to $15.3 million in 2025, then retreated 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Rental Exp. (Qtr)
1 Bank Of Chile 97,765.53 Bn 97,765.53 Bn - -
2 Bank Bradesco 6,846.93 Bn 6,830.99 Bn - -
3 Lloyds Banking 384.13 Bn 384.40 Bn - -
4 First Capital 215.78 Bn 215.63 Bn - 634,000.00
5 Itau Unibanco Holding 202.78 Bn 202.78 Bn - -
6 Landmark Bancorp 180.37 Bn 180.34 Bn - 1.45 Mn
7 NatWest 168.65 Bn -51.67 Bn - -
8 Shinhan Financial 136.54 Bn 104.11 Bn - -
9 Mizuho Financial 112.02 Bn 112.56 Bn - -
10 Ofg Bancorp 2.05 Bn 1.42 Bn - 13.42 Mn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 15.73 Mn
Dec 31, 2023 15.73 Mn