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OFG Bancorp (OFG)

NYSE - NYSE Delayed price. Currency in USD
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25.52-0.60 (-2.30%)
At close: 04:00PM EDT
25.52 0.00 (0.00%)
After hours: 05:29PM EDT

OFG Bancorp

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

Sector(s)Financial Services
IndustryBanks—Regional
Full-time employees2,244

Key executives

NameTitlePayExercisedYear born
Mr. Jose Rafael FernandezPres, CEO & Vice Chairman1.94M686.14k1964
Ms. Maritza Arizmendi Diaz CPA, CPA, Esq.Chief Financial Officer636.76kN/A1968
Dr. Ganesh KumarChief Operating Officer1.41MN/A1964
Mr. Jose E. Cabrera LazaroChief Risk & Compliance Officer445.35kN/A1971
Krisen Aguirre TorresVP Financial Reporting & Accounting ControlN/AN/AN/A
Mr. Gary M. FishmanIR ContactN/AN/AN/A
Hugh Gonzalez-RobisonGen. CounselN/AN/AN/A
Ms. Jennifer Zapata NazarioSr. VP of HRN/AN/AN/A
Mr. Luis Alejandro CPA, C.I.S.A.Sr. VP and Sr. VP of Branch Admin.N/AN/A1961
General Carlos A. Viña CPASr. VP of Oriental InsuranceN/AN/A1967
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 May 2022 is 2. The pillar scores are Audit: 9; Board: 5; Shareholder rights: 1; Compensation: 3.

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.