Ofg Bancorp (OFG) Tax Rate (2010 - 2026)

Ofg Bancorp (OFG) reported Tax Rate of 21.6% for Q1 2026, down 179.0% year-over-year from 27.34% in Q1 2025, and up 220.87% quarter-over-quarter from 17.87% in Q4 2025.

Ofg Bancorp (OFG) Tax Rate (2010 - 2026) Analysis & Trends

Ofg Bancorp (OFG) has 17 years of Tax Rate data on file, last reported at 21.6% in Q1 2026.

  • Tax Rate for Q1 2026 came in at 21.6%, down 179.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.31% (down 860.0% YoY), and the FY2025 annual result was 12.39%, down 951.0% from the prior year.
  • Tax Rate advanced to 21.6% in Q1 2026 per OFG's latest filing, from 17.87% in the prior quarter.
  • Over five years, Tax Rate peaked at 32.95% in Q3 2022 and troughed at 17.87% in Q4 2025.
  • A 5-year average of 23.57% and a median of 28.25% in 2024 frame the typical range for Tax Rate.
  • The sharpest annual moves came in 2023 and 2024: Tax Rate soared 101 bps in 2023, then plunged 2729 bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 31.94% in 2022, then dropped by 0 bps to 31.91% in 2023, then tumbled by 86 bps to 4.62% in 2024, then sank by 487 bps to 17.87% in 2025, then surged by 221 bps to 21.6% in 2026.
  • Business Quant data shows OFG's Tax Rate at 21.6% in Q1 2026, 17.87% in Q4 2025, and 15.48% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Bank Of Chile 97,765.53 Bn 97,765.53 Bn - -22.54%
2 Bank Bradesco 6,846.93 Bn 6,830.99 Bn - -
3 Lloyds Banking 384.13 Bn 384.40 Bn - -23.21%
4 First Capital 215.78 Bn 215.63 Bn - 19.21%
5 Itau Unibanco Holding 202.78 Bn 202.78 Bn - -
6 Landmark Bancorp 180.37 Bn 180.34 Bn - 19.83%
7 NatWest 168.65 Bn -51.67 Bn - -25.87%
8 Shinhan Financial 136.54 Bn 104.11 Bn - 25.76%
9 Mizuho Financial 112.02 Bn 112.56 Bn - -
10 Ofg Bancorp 2.05 Bn 1.42 Bn - 21.60%

Historic Data

Download Data
DateValue
Mar 31, 2026 21.60%
Mar 31, 2026 21.60%
Dec 31, 2025 -17.87%
Dec 31, 2025 -17.87%
Sep 30, 2025 15.48%
Sep 30, 2025 15.48%
Jun 30, 2025 21.37%
Jun 30, 2025 21.37%
Mar 31, 2025 23.38%
Mar 31, 2025 23.38%
Dec 31, 2024 4.62%
Dec 31, 2024 4.62%
Sep 30, 2024 23.95%
Sep 30, 2024 23.95%
Jun 30, 2024 28.25%
Jun 30, 2024 28.25%
Mar 31, 2024 26.80%
Mar 31, 2024 26.80%
Dec 31, 2023 31.91%
Dec 31, 2023 31.91%