OFG Bancorp (OFG)

29.62 +0.37 (+1.26%) At close: 04:00PM EST

OFG Bancorp

254 MuNoz Rivera Avenue
San Juan, PR 00918
United States
787 771 6800
https://www.ofgbancorp.com

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 2,253

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jose Rafael Fernandez	Pres, CEO & Vice Chairman	1.94M	686.14k	1964
Ms. Maritza Arizmendi Diaz CPA, CPA, Esq.	Chief Financial Officer	636.76k	N/A	1968
Dr. Ganesh Kumar	Chief Operating Officer	1.41M	N/A	1964
Mr. Jose E. Cabrera Lazaro	Chief Risk & Compliance Officer	445.35k	N/A	1971
Krisen Aguirre Torres	VP Financial Reporting & Accounting Control	N/A	N/A	N/A
Mr. Gary M. Fishman	IR Contact	N/A	N/A	N/A
Hugh Gonzalez-Robison	Gen. Counsel	N/A	N/A	N/A
Ms. Jennifer Zapata Nazario	Sr. VP of HR	N/A	N/A	N/A
Mr. Luis Alejandro CPA, C.I.S.A.	Sr. VP and Sr. VP of Branch Admin.	N/A	N/A	1961
General Carlos A. Viña CPA	Sr. VP of Oriental Insurance	N/A	N/A	1967

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, as well as time deposit products; commercial, consumer, auto, and mortgage lending services; financial planning and insurance services; and corporate and individual trust, and retirement services. It also provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. In addition, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments; and management and participation in public offerings and private placements of debt and equity securities. Further, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company operates through a network of 50 branches in Puerto Rico and 2 branches in USVI. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

Corporate governance

OFG Bancorp’s ISS governance QualityScore as of 1 February 2023 is 2. The pillar scores are Audit: 9; Board: 2; Shareholder rights: 1; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.