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| Date | Value |
|---|---|
| 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 |