OFG Bancorp (OFG Bancorp) Net Margin % : 27.37% (As of Dec. 2023)

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What is OFG Bancorp Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. OFG Bancorp's Net Income for the three months ended in Dec. 2023 was $46.6 Mil. OFG Bancorp's Revenue for the three months ended in Dec. 2023 was $170.2 Mil. Therefore, OFG Bancorp's net margin for the quarter that ended in Dec. 2023 was 27.37%.

The historical rank and industry rank for OFG Bancorp's Net Margin % or its related term are showing as below:

OFG' s Net Margin % Range Over the Past 10 Years
Min: -0.79 Med: 19.67 Max: 29.42
Current: 27.98

OFG's Net Margin % is ranked better than
59.12% of 1458 companies
in the Banks industry
Industry Median: 25.03 vs OFG: 27.98

OFG Bancorp Net Margin % Historical Data

The historical data trend for OFG Bancorp's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

OFG Bancorp Net Margin % Chart

OFG Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

Get a 7-Day Free Trial

14.21

15.61

29.39

29.42

28.41

OFG Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Net Margin %	Get a 7-Day Free Trial															30.38	28.03	28.03	27.37	28.48

Competitive Comparison of OFG Bancorp's Net Margin %

For the Banks - Regional subindustry, OFG Bancorp's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

OFG Bancorp's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, OFG Bancorp's Net Margin % distribution charts can be found below:

* The bar in red indicates where OFG Bancorp's Net Margin % falls into.

OFG Bancorp Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

OFG Bancorp's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	181.872	/	640.141
	=	28.41 %

OFG Bancorp's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	46.597	/	170.248
	=	27.37 %

OFG Bancorp (NYSE:OFG) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

OFG Bancorp Net Margin % Related Terms

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OFG Bancorp (OFG Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OFG Bancorp (NYSE:OFG) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

OFP:Germany

Address

254 Munoz Rivera Avenue, San Juan, PRI, 00918

Website

https://www.ofgbancorp.com

OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.

Executives

Ganesh Kumar	officer: CFO & EVP	P.O. BOX 195115, SAN JUAN PR 00919-5115
Jesus Nestor De	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Cesar A Ortiz	officer: SVP & Chief Risk Officer	PO BOX 195115, SAN JUAN PR 00919
Maritza Arizmendi	officer: EVP & CFO	PO BOX 195115, SAN JUAN PR 00919-5115
Julian Inclan	director, DIRECTOR	P.O. BOX 195115, SAN JUAN PR 00919-5115
Patrick J. Haggarty	officer: Managing Director Comm. Bankin	P.O.BOX 195115, SAN JUAN PR 00919-5115
Jose Rafael Fernandez	officer: Senior Executive VP	PO BOX 195115, SAN JUAN PR 00919-5115
Jorge Colon	director	PO BOX 195115, SAN JUAN PR 00919-5115
Angel E. Vazquez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Edwin Perez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Ada Garcia	officer: Managing Dir Customer Intelli	P.O. BOX 195115, SAN JUAN PR 00919-5115
Hugh Gonzalez	officer: General Counsel	P.O. BOX 195115, SAN JUAN PR 00919-5115
Annette Franqui	director	811 MAIN STREET, SUITE 3000, HOUSTON TX 77002
Rafael A Velez-dominguez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Sue Harnett	director	P.O. BOX 195115, SAN JUAN PR 00919-5115