OFG Bancorp (OFG)

44.15 +1.40 (+3.27%) At close: 04:00PM EDT

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: 2,239

Key executives

Name	Title	Pay	Exercised	Year born
Mr. José Rafael Fernández	President, CEO & Chairman	2.29M	1.17M	1964
Ms. Maritza Arizmendi Diaz CPA, Esq.	Chief Financial Officer	888.87k	203.28k	1968
Dr. Ganesh Kumar	Chief Strategy Officer of U.S. Business	1.16M	1.14M	1964
Ms. Mari Evelyn Rodríguez Mimoso	Chief Retail Banking Officer	490.24k	N/A	1971
Mr. Cesar A. Ortiz-Marcano CPA, Esq.	Chief Risk Officer	504.91k	N/A	1975
Ms. Ada Garcia Castello	Managing Director of Customer Intelligence & Operations	N/A	N/A	1964
Krisen Aguirre Torres	Vice President Financial Reporting & Accounting Control	N/A	N/A	N/A
Mr. Gary M. Fishman	IR Contact	N/A	N/A	N/A
Mr. Hugh Gonzalez-Robison Esq.	General Counsel & Secretary	N/A	N/A	1980
Ms. Jennifer Zapata Nazario	Managing Director of Human Resources	N/A	N/A	N/A

Amounts are as of 31 December 2023, 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, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it 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. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; and 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. Additionally, 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 provides investment brokerage, transactional, international trade financing, residential mortgage, and consumer finance services. 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 October 2024 is 2. The pillar scores are Audit: 2; 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.