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% on a QoQ basis from $15.3 million in Q4 2025.
Ofg Bancorp (OFG) has 17 years of Rent Expense data on file, last reported at $13.4 million in Q1 2026.
- Quarterly Rent Expense fell 9.46% year-over-year to $13.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $58.4 million (down 2.08% YoY) and the FY2025 annual result came in at $59.8 million, up 1.11% from the prior year.
- Rent Expense slipped 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.
- The 5-year median for Rent Expense is $14.4 million (2024), against an average of $14.3 million.
- The widest annual swing landed in 2023, when Rent Expense advanced 19.65%; it then decreased 9.46% in 2026.
- Tracing OFG's Rent Expense over 5 years: stood at $13.9 million in 2022, then grew by 13.22% to $15.7 million in 2023, then fell by 2.83% to $15.3 million in 2024, then increased by 0.35% to $15.3 million in 2025, then declined by 12.52% to $13.4 million in 2026.
- Per Business Quant, the three latest OFG Rent Expense figures stand at $13.4 million (Q1 2026), $15.3 million (Q4 2025), and $15.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 634,000.00 |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 1.45 Mn |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | - |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | - |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | 262.00 Mn |
| 10 | Ofg Bancorp | 1.94 Bn | 1.30 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 |
| Sep 30, 2023 | 14.89 Mn |
| Sep 30, 2023 | 14.89 Mn |
| Jun 30, 2023 | 14.36 Mn |
| Jun 30, 2023 | 14.36 Mn |
| Mar 31, 2023 | 14.26 Mn |
| Mar 31, 2023 | 14.26 Mn |
| Dec 31, 2022 | 13.89 Mn |
| Dec 31, 2022 | 13.89 Mn |
| Sep 30, 2022 | 12.64 Mn |
| Sep 30, 2022 | 12.64 Mn |
| Jun 30, 2022 | 12.86 Mn |
| Jun 30, 2022 | 12.86 Mn |
| Mar 31, 2022 | 11.92 Mn |
| Mar 31, 2022 | 11.92 Mn |
| Dec 31, 2021 | 12.42 Mn |
| Dec 31, 2021 | 12.42 Mn |
| Sep 30, 2021 | 12.08 Mn |
| Sep 30, 2021 | 12.08 Mn |
| Jun 30, 2021 | 12.53 Mn |
| Jun 30, 2021 | 12.53 Mn |
| Mar 31, 2021 | 13.13 Mn |
| Mar 31, 2021 | 13.13 Mn |
| Dec 31, 2020 | 12.06 Mn |
| Dec 31, 2020 | 12.06 Mn |
| Sep 30, 2020 | 11.94 Mn |
| Sep 30, 2020 | 11.94 Mn |
| Jun 30, 2020 | 11.84 Mn |
| Jun 30, 2020 | 11.84 Mn |
| Mar 31, 2020 | 11.44 Mn |
| Mar 31, 2020 | 11.44 Mn |
| Dec 31, 2019 | 7.49 Mn |
| Dec 31, 2019 | 7.49 Mn |
| Sep 30, 2019 | 7.31 Mn |
| Sep 30, 2019 | 7.31 Mn |
| Jun 30, 2019 | 7.51 Mn |
| Jun 30, 2019 | 7.51 Mn |
| Mar 31, 2019 | 7.75 Mn |
| Mar 31, 2019 | 7.75 Mn |
| Dec 31, 2018 | 7.76 Mn |
| Dec 31, 2018 | 7.76 Mn |
| Sep 30, 2018 | 8.39 Mn |
| Sep 30, 2018 | 8.39 Mn |
| Jun 30, 2018 | 9.17 Mn |
| Jun 30, 2018 | 9.17 Mn |
| Mar 31, 2018 | 7.77 Mn |
| Mar 31, 2018 | 7.77 Mn |
| Dec 31, 2017 | 8.55 Mn |
| Dec 31, 2017 | 8.55 Mn |
| Sep 30, 2017 | 8.28 Mn |
| Sep 30, 2017 | 8.28 Mn |
| Jun 30, 2017 | 8.54 Mn |
| Jun 30, 2017 | 8.54 Mn |
| Mar 31, 2017 | 7.20 Mn |
| Mar 31, 2017 | 7.20 Mn |
| Dec 31, 2016 | 7.31 Mn |
| Dec 31, 2016 | 7.31 Mn |
| Sep 30, 2016 | 7.35 Mn |
| Sep 30, 2016 | 7.35 Mn |
| Jun 30, 2016 | 8.11 Mn |
| Jun 30, 2016 | 8.11 Mn |
| Mar 31, 2016 | 7.68 Mn |
| Mar 31, 2016 | 7.68 Mn |
| Dec 31, 2015 | 7.39 Mn |
| Dec 31, 2015 | 7.39 Mn |
| Sep 30, 2015 | 8.56 Mn |
| Sep 30, 2015 | 8.56 Mn |
| Jun 30, 2015 | 8.88 Mn |
| Jun 30, 2015 | 8.88 Mn |
| Mar 31, 2015 | 8.64 Mn |
| Mar 31, 2015 | 8.64 Mn |
| Dec 31, 2014 | 9.03 Mn |
| Dec 31, 2014 | 9.03 Mn |
| Sep 30, 2014 | 8.77 Mn |
| Sep 30, 2014 | 8.77 Mn |
| Jun 30, 2014 | 8.61 Mn |
| Jun 30, 2014 | 8.61 Mn |
| Mar 31, 2014 | 8.31 Mn |
| Mar 31, 2014 | 8.31 Mn |
| Dec 31, 2013 | 8.86 Mn |
| Dec 31, 2013 | 8.86 Mn |
| Sep 30, 2013 | 8.27 Mn |
| Sep 30, 2013 | 8.27 Mn |
| Jun 30, 2013 | 8.07 Mn |
| Jun 30, 2013 | 8.07 Mn |
| Mar 31, 2013 | 9.22 Mn |
| Mar 31, 2013 | 9.22 Mn |
| Sep 30, 2012 | 4.20 Mn |
| Sep 30, 2012 | 4.20 Mn |
| Jun 30, 2012 | 4.29 Mn |
| Jun 30, 2012 | 4.29 Mn |
| Mar 31, 2012 | 4.21 Mn |
| Mar 31, 2012 | 4.21 Mn |
| Dec 31, 2011 | 4.54 Mn |
| Dec 31, 2011 | 4.54 Mn |
| Sep 30, 2011 | 4.37 Mn |
| Sep 30, 2011 | 4.37 Mn |
| Jun 30, 2011 | 4.21 Mn |
| Jun 30, 2011 | 4.21 Mn |
| Mar 31, 2011 | 4.41 Mn |
| Mar 31, 2011 | 4.41 Mn |
| Dec 31, 2010 | 5.06 Mn |
| Dec 31, 2010 | 5.06 Mn |
| Sep 30, 2010 | 5.49 Mn |
| Sep 30, 2010 | 5.49 Mn |
| Jun 30, 2010 | 4.40 Mn |
| Jun 30, 2010 | 4.40 Mn |