OFG (OFG) Q1 2026 Earnings Call Transcript

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Tuesday, April 21, 2026 astatine 10 a.m. ET

• Chief Executive Officer — José Rafael Fernández

• Chief Financial Officer — Maritza Arizmendi

• Chief Risk Officer — Cesar A. Ortiz-Marcano

José Rafael Fernández: Good morning, and convey you for joining us. We are pleased to study our archetypal 4th results. Let america spell to Page 3 of our presentation. We started the twelvemonth with a beardown fiscal performance. Earnings per stock diluted were up 26% year-over-year, connected 4% maturation successful full halfway revenues. This was driven by ongoing indebtedness growth, high-quality recognition performance, halfway deposit strength, disbursal discipline, and proactive equilibrium expanse management. Loans grew 5% year-over-year, and caller indebtedness accumulation grew 9%. Reported halfway deposits declined 1%; excluding the antecedently announced $500 cardinal authorities deposit transfer, halfway deposits grew much than 4% year-over-year.

This demonstrates however our strategies and operating exemplary proceed to deliver, supported by momentum successful our businesses and disciplined execution crossed the franchise. We furthered our committedness to superior management. We purchased $44.5 cardinal of communal shares and accrued the dividend 17%. Despite increasing geopolitical uncertainties and their effect connected vigor prices, Puerto Rico’s system continues to grow, and businesses’ and consumers’ equilibrium sheets are coagulated with precocious liquidity levels. Please crook to Page 4. Our halfway integer strategy consists of 3 main pillars. The archetypal is our work offerings. We are targeting circumstantial lawsuit segments with accounts that conscionable their needs: Libre for the wide market, Elite for the wide affluent, and MyBiz for tiny businesses.

This targeted attack is driving beardown marketplace adoption and deeper lawsuit relationships. The 2nd pillar is technology. Our omnichannel level allows customers to interact with america seamlessly crossed each interaction points. This is driving continued integer adoption, resulting successful ratio and savings that we reinvest successful caller ways to service our customers. The 3rd pillar is intelligent banking, leveraging information and real-time insights to assistance customers amended negociate their finances. We are progressively seeing existent lawsuit connections being built done our integer channels. Please crook to Page 4. As impervious of our success, we are driving innovation year-over-year. Retail integer enrollments are up 10%, integer indebtedness payments 5%, and virtual teller usage up 7%.

Net caller retail and commercialized customers each grew by adjacent to 3%. The added payment is that this enables america to escaped up much of our teams to supply personal, value-added services, absorption connected income to grow our marketplace share, and make caller integer products and services. Now present is Maritza to spell implicit the financials successful much detail.