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Ofg Bancorp (OFG) Research & Development: 2012-2024

Historic Research & Development for Ofg Bancorp (OFG) over the last 13 years, with Dec 2024 value amounting to $27.6 million.

  • Ofg Bancorp's Research & Development fell 1.36% to $6.8 million in Q3 2025 from the same period last year, while for Sep 2025 it was $27.3 million, marking a year-over-year increase of 2.90%. This contributed to the annual value of $27.6 million for FY2024, which is 1.55% up from last year.
  • Latest data reveals that Ofg Bancorp reported Research & Development of $27.6 million as of FY2024, which was up 1.55% from $27.2 million recorded in FY2023.
  • In the past 5 years, Ofg Bancorp's Research & Development registered a high of $27.6 million during FY2024, and its lowest value of $19.0 million during FY2021.
  • Its 3-year average for Research & Development is $25.5 million, with a median of $27.2 million in 2023.
  • In the last 5 years, Ofg Bancorp's Research & Development skyrocketed by 111.08% in 2020 and then fell by 8.92% in 2021.
  • Ofg Bancorp's Research & Development (Yearly) stood at $20.8 million in 2020, then decreased by 8.92% to $19.0 million in 2021, then rose by 15.43% to $21.9 million in 2022, then rose by 24.08% to $27.2 million in 2023, then increased by 1.55% to $27.6 million in 2024.