OFG Bancorp
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. OFG Bancorp's past years’ income statements indicate that its last revenue has increased compared to the previous period by 2% to $628,613,000. The net income raised on $181,872,000 and profit margin reached 29%. Total operating expenses were $276,298,000.
Profit Margin
| 2014 | 425.79M | 85.18M | 20.01% |
|---|---|---|---|
| 2015 | 348.30M | -2.50M | -0.72% |
| 2016 | 345.69M | 59.18M | 17.12% |
| 2017 | 370.23M | 52.64M | 14.22% |
| 2018 | 382.43M | 84.41M | 22.07% |
| 2019 | 393.47M | 54.18M | 13.77% |
| 2020 | 476.29M | 74.32M | 15.61% |
| 2021 | 540.58M | 146.15M | 27.04% |
| 2022 | 613.77M | 166.23M | 27.08% |
| 2023 | 628.61M | 181.87M | 28.93% |
OFG Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 628.61M | 613.77M | 540.58M | 476.29M | 393.47M | 382.43M | 370.23M | 345.69M | 348.30M | 425.79M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59.83M |
Gross profit | 628.61M | 613.77M | 540.58M | 476.29M | 393.47M | 382.43M | 370.23M | 345.69M | 348.30M | 365.96M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 8.74M | 8.24M | 6.99M | 5.85M | 5.20M | 5.08M | 5.61M | 5.48M | 6.45M | 7.01M |
Total operating expenses | 276.29M | 230.91M | -325.97M | -381.46M | -317.66M | -179.06M | -236.73M | 20.42M | 22.66M | 23.01M |
Operating income | 264.53M | 277.59M | 214.60M | 94.82M | 75.80M | 177.32M | 109.56M | 142.34M | 49.13M | 199.21M |
Other income (expenses), net | 717K | -33.49M | 214.60M | -19.74M | 75.25M | -44.52M | -80K | -57.16M | -20.05M | -230.27M |
Income before tax | 265.24M | 244.10M | 214.60M | 94.82M | 75.80M | 132.8M | 68.08M | 85.18M | -20.05M | 122.43M |
Income tax expense | 83.37M | 77.86M | 68.45M | 20.49M | 21.61M | 48.39M | 15.44M | 25.99M | -17.55M | 37.25M |
Net income | 181.87M | 166.23M | 146.15M | 74.32M | 54.18M | 84.41M | 52.64M | 59.18M | -2.50M | 85.18M |
Earnings per share | ||||||||||
Basic EPS | 3.85 | 3.46 | 2.85 | 1.32 | 1.06 | 1.64 | 0.88 | 1.03 | -0.05 | 1.58 |
Diluted EPS | 3.82 | 3.44 | 2.81 | 1.32 | 1.05 | 1.64 | 0.86 | 1.03 | -0.04 | 1.5 |
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