OFG Bancorp OFG Income Statement

Ofg bancorp (OFG)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest income:
Non-covered loans
-	-	-	-	-	-	-	80,023	68,600	71,310	73,155
Covered loans
-	-	-	-	-	-	-	85,376	67,665	44,158	-
Interest and Fee Income, Loans and Leases
339,875	321,381	312,421	321,945	367,622	435,553	443,902	165,399	136,265	115,468	73,155
Mortgage-backed securities
19,854	31,190	26,994	30,522	35,338	44,836	40,927	88,508	151,924	161,518	198,015
Investment securities and other
14,066	7,848	6,232	4,125	3,608	4,868	8,803	6,901	9,106	26,815	48,310
Total interest income
373,795	360,419	345,647	356,592	406,568	485,257	493,632	260,808	297,295	-	319,480
Interest expense:
Deposits
39,355	32,953	30,298	29,253	27,034	33,954	40,977	29,649	45,497	48,545	54,947
Securities sold under agreements to repurchase
7,423	7,794	7,223	18,805	29,567	29,654	29,249	60,575	93,280	100,609	116,755
Advances from FHLB and other borrowings
2,212	1,875	2,398	6,186	9,072	9,185	8,620	10,906	12,270	12,238	12,380
InterestExpenseOtherLongTermDebt
-	-	-	-	-	-	-	909	4,084	4,084	3,175
Note payable to the FDIC
-	-	-	-	-	-	-	-	-	1,887	-
Subordinated capital notes
2,012	1,903	1,556	2,921	3,523	3,989	5,114	1,479	1,231	1,238	1,465
Total interest expense
51,002	44,525	41,475	57,165	69,196	76,782	83,960	103,518	156,362	168,601	188,722
Interest Income (Expense), Net
322,793	315,894	304,172	299,427	337,372	408,475	409,672	157,290	140,933	135,200	130,758
Provision for Non Covered Loan and Lease Losses
-	-	-	-	-	-	-	13,854	15,200	15,914	15,650
Provision for Covered Loan and Lease Losses
-	-	-	-	-	-	-	9,827	-1,387	6,282	-
Total provision for loan and lease losses
96,792	56,108	113,139	65,076	161,501	60,640	72,894	23,681	13,813	22,196	15,650
Net interest income after provision for loan and lease losses
226,001	259,786	191,033	234,351	175,871	347,835	336,778	133,609	127,120	113,004	115,108
Non-interest income:
Fees and Commissions, Depositor Accounts
42,866	43,638	39,468	41,647	41,466	40,712	44,239	13,573	12,663	10,662	5,942
Wealth management revenue
26,224	25,934	25,790	27,433	29,040	29,855	30,924	25,350	20,571	17,967	14,469
Fees and Commissions Mortgage Banking and Servicing Income
4,275	4,767	4,050	5,021	6,128	7,381	10,994	8,706	9,876	9,554	9,728
Fees and Commissions
73,365	74,339	69,308	74,101	76,634	77,948	86,157	47,629	43,110	38,183	30,139
Other Than Temporary Impairment Losses Investments Available for Sale Securities
-	-	-	-	-	0	-	-	-	-	-
Portion of loss on securities recognized in other comprehensive income
-	-	-	-	-	0	0	-	-	-22,508	-41,398
Other Than Temporary Impairment Losses Investments Securities
-	-	-	-	1,490	0	0	-	-	17,166	-
Total loss on other-than-temporarily impaired securities
-	-	-	-	-	-	0	-	-	39,674	101,472
Other than temporary impairment on securities
-	-	-	-	-	-	-	-	15,018	-	-
FDIC indemnification asset expense
-	-	-	-	-	-	-	25,805	3,379	-	-
Change in true-up payment obligation expense
-	-	-	-	-	-	-	2,217	-	-	-
Fdic Shared Loss Expense Net
0	0	-1,403	13,581	42,808	65,756	69,267	28,022	-	-	-
Net Gain On [Abstract]
Available-for-sale Securities, Gross Realized Gain (Loss)
8,274	0	6,896	-	-	-	-	-	-	-	-
Reimbursement from FDIC shared-loss coverage in sale of loans
-	-	-	-	20,000	0	0	-	-	-	-
Gain (Loss) on Sale of Securities, Net
-	-	-	12,207	2,572	4,366	0	74,210	27,996	15,032	4,385
Net (amortization) accretion of FDIC shared-loss indemnification asset
-	-	-	-	-	-	-	-	-	-4,330	-
Derivative Gain Loss On Derivative Net
0	0	132	-71	-190	-608	-1,526	-42,048	-12,381	36,823	29,181
Gains Losses On Extinguishment Of Debt
-7	0	-80	-12,000	0	0	1,061	-26,052	-4,790	0	17,551
Business Combination Bargain Purchase Gain Recognized Amount
315	0	0	-	-	-	-	-	-	-	-
Trading securities
-	-	-	-	-	-	-	-	-	-	12,564
Foreclosed real estate
-	-	-	-	-	-	-	-	-	-524	-570
Other non-interest income
546	5,756	1,028	6,163	-2,142	1,373	670	338	-3,083	1,029	113
Total non-interest income, net
82,493	80,095	78,687	66,819	52,576	17,323	17,095	26,055	32,455	4,061	-1,813
Non-interest expense:
Compensation and employee benefits
82,533	76,524	79,751	76,761	78,999	85,283	91,957	45,778	45,552	41,723	32,020
Occupancy, Net
30,052	33,084	32,557	30,300	33,466	34,710	34,408	17,530	17,530	18,548	14,763
Electronic Banking Charges
21,244	21,234	19,322	20,707	21,893	19,081	16,702	6,268	5,709	4,504	2,194
Information Technology And Data Processing
9,865	8,227	8,010	7,116	5,648	6,019	10,546	4,774	-	-	-
Professional Fees
14,629	12,442	12,406	12,235	14,973	15,996	21,321	17,500	22,805	16,559	10,379
General Insurance Expense (Income)
3,309	6,249	5,223	-	-	-	-	-	-	-	-
Taxes, other than payroll and income taxes
8,749	9,017	9,187	9,782	9,460	14,409	15,539	3,502	4,721	5,106	3,004
Gain (Loss) On Sale Of Foreclosed Real Estate, Other Repossessed Assets And Credit Related Expenses
-11,498	-13,552	-12,626	10,267	11,091	-	-	-	-	-	-
Advertising Expense
5,208	5,084	5,616	5,485	6,452	7,014	7,025	6,254	5,977	4,978	4,208
General Insurance Expense
-	-	-	9,109	9,567	8,830	8,795	6,742	6,642	7,006	7,233
Loan Servicing And Cleaning Expenses
4,853	4,810	4,693	8,247	9,198	7,567	7,588	3,309	3,978	3,055	2,390
Loss on sale of foreclosed real estate and other reossessed assets
-	-	-	10,282	30,546	25,125	16,484	7,628	3,829	1,691	929
Communication
3,315	3,447	3,415	3,379	3,808	3,430	3,377	1,627	1,500	2,561	1,567
Printing, postage, stationary and supplies
2,468	2,217	2,437	2,558	2,575	2,533	3,459	1,254	1,264	1,188	902
NoninterestExpenseDirectorAndInvestorRelations
1,216	1,089	1,072	-	-	-	-	-	-	-	-
Restructuring charges
24,054	0	0	-	-	-	17,660	4,990	0	0	-
Other
10,251	10,105	5,316	8,675	9,738	11,622	8,177	3,613	3,447	3,147	2,415
Director and Investors Relations
-	-	-	1,087	1,091	1,106	1,098	1,039	1,305	1,463	1,374
Total non-interest expense
233,244	207,081	201,631	215,990	248,505	242,725	264,136	131,808	124,259	111,529	83,378
Income before income taxes
75,250	132,800	68,089	85,180	-20,058	122,433	89,737	27,856	35,316	5,536	29,917
Income tax expense
21,409	48,390	15,443	25,994	-17,554	37,252	-8,709	3,301	866	-4,298	6,972
Net income
53,841	84,410	52,646	59,186	-2,504	85,181	98,446	24,555	34,450	9,834	22,945
Dividends, Preferred Stock
6,512	12,024	13,862	13,862	13,862	13,862	13,862	9,939	4,802	5,335	4,802
Deemed dividend on preferred stock beneficial conversion feature
-	-	-	-	-	-	-	-	-	22,711	-
Income available to common shareholders
47,329	72,386	38,784	45,324	-16,366	71,319	84,584	14,616	29,648	-18,212	18,143
Earnings per common share:
Basic
0.92	1.59	0.88	1.03	-0.37	1.58	1.85	0.35	0.67	-0.50	0.75
Diluted
0.92	1.52	0.88	1.03	-0.37	1.50	1.73	0.35	0.67	-0.50	0.75
Weighted Average Number Of Share Outstanding Basic And Diluted
51,719	51,349	51,096	51,088	51,455	52,326	53,033	45,304	44,524	36,810	24,306
Cash dividends per share of common stock
0.28	0.25	0.24	0.24	0.36	0.34	0.26	0.24	0.21	0.17	0.16