Ofg Bancorp 8-K, filed Oct 21, 2026

Ofg Bancorp (OFG)

8-K 2026-10-21 For: 2026-10-21

Added on October 21, 2026

About this 8-K

Ofg Bancorp filed this 8-K on October 21, 2026.

OFG Bancorp reported 3Q26 results: diluted EPS of $1.33, core revenues of $185.7 million, and a 14.10% CET1 ratio. Loans held for investment grew to $8.45 billion, and the company repurchased $13.5 million of common shares. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Exhibit No.						Description of Document

99						Press release by the Company dated October 21, 2026


Date: October 21, 2026	By:	/s/ Maritza Arizmendi
		Maritza Arizmendi
		Chief Financial Officer


	Table of Contents
		Pages

OFG Bancorp (Consolidated Financial Information)
Table 1:	Financial and Statistical Summary - Consolidated	2
Table 2:	Consolidated Statements of Operations	4
Table 3:	Consolidated Statements of Financial Condition	6
Table 4:	Information on Loan Portfolio and Production	7
Table 5:	Average Balances, Net Interest Income and Net Interest Margin	8
Table 6:	Loan Information and Performance Statistics	10
Table 7:	Allowance for Credit Losses	13
Table 8:	Reconciliation of GAAP to Non-GAAP Measures and Calculation of Regulatory Capital	14
Table 9:	Notes to Financial Summary, Selected Metrics, Loans, and Consolidated Financial Statements (Tables 1-8)	16


		2026			2026			2026			2025			2025
(Dollars in thousands, except per share data) (unaudited)		Q3			Q2			Q1			Q4			Q3
Statement of Operations
Net interest income		$	153,570		$	157,299		$	153,813		$	152,744		$	154,724
Non-interest income, net (core)	(1)	32,178			32,984			31,988			32,627			29,256
Total core revenues	(2)	185,748			190,283			185,801			185,371			183,980
Non-interest expense		96,265			102,832			94,703			105,011			96,548
Pre-provision net revenues	(20)	89,949			87,490			91,277			79,309			89,629
Total provision for credit losses		18,140			13,006			22,483			31,889			28,258
Net income before income taxes		71,809			74,484			68,794			47,420			61,371
Income tax expense (benefit)		15,198			15,707			14,857			(8,473)			9,533
Net income available to common stockholders		56,611			58,777			53,937			55,893			51,838
Common Share Statistics
Earnings per common share - basic	(3)	$	1.34		$	1.39		$	1.26		$	1.28		$	1.17
Earnings per common share - diluted	(4)	$	1.33		$	1.39		$	1.26		$	1.27		$	1.16
Average common shares outstanding		42,191			42,261			42,786			43,649			44,430
Average common shares outstanding and equivalents		42,444			42,397			42,956			43,901			44,658
Cash dividends per common share		$	0.35		$	0.35		$	0.35		$	0.30		$	0.30
Book value per common share (period end)		$	31.83		$	33.30		$	32.35		$	32.13		$	31.07
Tangible book value per common share (period end)	(5)	$	29.66		$	31.12		$	30.14		$	29.96		$	28.92
Balance Sheet (Average Balances)
Loans	(6)	$	8,282,656		$	8,245,654		$	8,167,438		$	8,117,032		$	8,098,058
Interest-earning assets		11,648,826			11,582,521			11,633,354			11,827,933			11,715,599
Total assets		12,171,030			12,154,691			12,138,944			12,377,910			12,248,544
Core deposits		9,720,680			9,705,480			9,560,640			9,930,939			9,866,369
Total deposits		9,979,899			9,921,807			9,829,019			10,161,728			10,086,731
Interest-bearing deposits		7,223,019			7,172,785			7,171,589			7,541,276			7,498,818
Borrowings		581,461			579,724			660,300			555,820			548,832
Stockholders' equity		1,418,891			1,403,137			1,406,938			1,394,097			1,361,055

Performance Metrics
Net interest margin	(7)	5.23		%	5.45		%	5.36		%	5.12		%	5.24		%
Return on average assets	(8)	1.86		%	1.93		%	1.78		%	1.81		%	1.69		%
Return on average tangible common stockholders' equity	(9)	17.06		%	17.94		%	16.43		%	17.20		%	16.39		%
Efficiency ratio	(10)	51.83		%	54.04		%	50.97		%	56.65		%	52.48		%
Full-time equivalent employees, period end		2,156			2,185			2,181			2,185			2,217
Credit Quality Metrics
Allowance for credit losses		$	191,829		$	188,255		$	203,956		$	202,341		$	197,782
Allowance as a % of loans held for investment		2.27		%	2.27		%	2.48		%	2.47		%	2.44		%
Net charge-offs		$	14,460		$	28,791		$	21,379		$	26,873		$	20,208
Net charge-off rate	(11)	0.70		%	1.40		%	1.05		%	1.32		%	1.00		%
Early delinquency rate (30 - 89 days past due)		2.65		%	2.51		%	2.21		%	2.80		%	2.84		%
Total delinquency rate (30 days and over)		3.91		%	3.68		%	3.40		%	4.18		%	4.06		%
Capital Ratios (period end) (Non-GAAP)	(12)
Leverage ratio		11.44		%	11.23		%	10.88		%	10.71		%	10.75		%
Common equity Tier 1 capital ratio		14.10		%	14.07		%	13.75		%	13.97		%	14.13		%
Tier 1 risk-based capital ratio		14.10		%	14.07		%	13.75		%	13.97		%	14.13		%
Total risk-based capital ratio		15.36		%	15.33		%	15.01		%	15.24		%	15.39		%
Tangible common equity ("TCE") ratio		10.34		%	10.90		%	10.66		%	10.47		%	10.55		%


		Nine-month period ended September 30,
(Dollars in thousands, except per share data) (unaudited)		2026			2025
Statement of Operations
Net interest income		$	464,682		$	455,723
Non-interest income, net (core)	(1)	97,150			88,714
Total core revenues	(2)	561,832			544,437
Non-interest expense		293,800			284,802
Pre-provision net revenues	(21)	268,716			262,321
Total provision for credit losses		53,629			75,624
Net income before income taxes		215,087			186,697
Income tax expense		45,762			37,487
Net income available to common stockholders		169,325			149,210
Common Share Statistics
Earnings per common share - basic	(3)	$	3.99		$	3.33
Earnings per common share - diluted	(4)	$	3.97		$	3.31
Average common shares outstanding		42,410			44,857
Average common shares outstanding and equivalents		42,620			45,056
Cash dividends per common share		$	1.05		$	0.90
Book value per common share (period end)		$	31.83		$	31.07
Tangible book value per common share (period end)	(5)	$	29.66		$	28.92
Balance Sheet (Average Balances)
Loans	(6)	$	8,232,338		$	7,950,053
Interest-earning assets		11,621,623			11,446,863
Total assets		12,155,006			11,957,028
Core deposits		9,662,855			9,743,039
Total deposits		9,910,797			9,945,348
Interest-bearing deposits		7,189,320			7,374,668
Borrowings		606,873			451,469
Stockholders' equity		1,409,699			1,323,866

Performance Metrics
Net interest margin	(7)	5.35		%	5.32		%
Return on average assets	(8)	1.86		%	1.66		%
Return on average tangible common stockholders' equity	(9)	17.14		%	16.22		%
Efficiency ratio	(10)	52.29		%	52.31		%
Full-time equivalent employees, period end		2,156			2,217
Credit Quality Metrics
Allowance for credit losses		$	191,829		$	197,782
Allowance as a % of loans held for investment		2.27		%	2.44		%
Net charge-offs		$	64,630		$	53,362
Net charge-off rate	(11)	1.05		%	0.89		%
Early delinquency rate (30 - 89 days past due)		2.65		%	2.84		%
Total delinquency rate (30 days and over)		3.91		%	4.06		%


	Quarter Ended
(Dollars in thousands) (unaudited)	September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025
Interest income:
Loans
Non-PCD loans	$	147,994	$	146,862	$	142,211	$	144,385	$	146,665
PCD loans	12,412		15,553		16,343		13,826		14,669
Total interest income from loans	160,406		162,415		158,554		158,211		161,334
Investment securities and cash	35,338		34,735		35,572		39,011		38,811
Total interest income	195,744		197,150		194,126		197,222		200,145
Interest expense:
Deposits
Core deposits	33,669		31,960		31,196		36,482		37,458
Brokered deposits	2,671		2,164		2,672		2,352		2,284
Total deposits	36,340		34,124		33,868		38,834		39,742
Borrowings	5,834		5,727		6,445		5,644		5,679
Total interest expense	42,174		39,851		40,313		44,478		45,421
Net interest income	153,570		157,299		153,813		152,744		154,724
Provision for credit losses, excluding PCD loans	17,137		14,825		22,942		33,643		27,591
Provision for (recapture of) credit losses on PCD loans	1,003		(1,819)		(459)		(1,754)		667
Total provision for credit losses	18,140		13,006		22,483		31,889		28,258
Net interest income after provision for credit losses	135,430		144,293		131,330		120,855		126,466
Non-interest income:
Banking service revenues	17,674		17,397		16,944		16,550		15,930
Wealth management revenues	9,367		9,727		8,913		11,378		9,014
Mortgage banking activities	5,137		5,860		6,131		4,699		4,312
Total banking and financial service revenues	32,178		32,984		31,988		32,627		29,256

Other income (loss), net	466		39		179		(1,051)		2,197
Total non-interest income, net	32,644		33,023		32,167		31,576		31,453
Non-interest expense:
Compensation and employee benefits	40,511		41,176		41,347		43,093		39,836
Occupancy, equipment and infrastructure costs	14,760		14,273		13,418		15,338		14,994
General and administrative expenses	40,898		47,859		40,052		46,371		42,239
Foreclosed real estate and other repossessed assets expense (income), net	96		(476)		(114)		209		(521)


Total non-interest expense	96,265		102,832		94,703		105,011		96,548
Income before income taxes	71,809		74,484		68,794		47,420		61,371
Income tax expense (benefit)	15,198		15,707		14,857		(8,473)		9,533


Net income available to common shareholders	$	56,611	$	58,777	$	53,937	$	55,893	$	51,838


	2026 Q3						2026 Q2						2026 Q1						2025 Q4						2025 Q3
(Dollars in thousands) (unaudited)	Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate		Average Balance		Interest Income/ Expense		Yield/ Rate
Interest earning assets:
Cash equivalents	$	644,029	$	5,859	3.61	%	$	615,369	$	5,493	3.58	%	$	660,529	$	5,855	3.59	%	$	803,931	$	7,898	3.90	%	$	784,978	$	8,555	4.32	%
Investment securities	2,722,141		29,479		4.33	%	2,721,498		29,242		4.30	%	2,805,387		29,717		4.24	%	2,906,970		31,113		4.28	%	2,832,563		30,256		4.27	%
Loans held for investment
Non-PCD loans	7,519,777		147,994		7.81	%	7,460,999		146,862		7.90	%	7,356,900		142,211		7.84	%	7,272,783		144,385		7.88	%	7,228,920		146,665		8.05	%
PCD loans	762,879		12,412		6.51	%	784,655		15,553		7.93	%	810,538		16,343		8.07	%	844,249		13,826		6.55	%	869,138		14,669		6.75	%
Total loans	8,282,656		160,406		7.68	%	8,245,654		162,415		7.90	%	8,167,438		158,554		7.87	%	8,117,032		158,211		7.73	%	8,098,058		161,334		7.90	%
Total interest-earning assets	$	11,648,826	$	195,744	6.67	%	$	11,582,521	$	197,150	6.83	%	$	11,633,354	$	194,126	6.77	%	$	11,827,933	$	197,222	6.62	%	$	11,715,599	$	200,145	6.78	%

Interest bearing liabilities:
Deposits
NOW accounts	$	2,076,510	$	5,959	1.14	%	$	2,503,812	$	8,786	1.41	%	$	2,711,262	$	10,093	1.51	%	$	3,211,013	$	14,976	1.85	%	$	3,208,598	$	15,941	1.97	%
Savings accounts	2,333,667		6,316		1.07	%	2,345,584		6,281		1.07	%	2,319,764		6,391		1.12	%	2,258,856		6,450		1.13	%	2,215,538		6,212		1.11	%
Time deposits	2,553,623		20,639		3.21	%	2,107,062		16,138		3.07	%	1,872,184		13,957		3.02	%	1,840,618		14,113		3.04	%	1,854,320		14,362		3.07	%
Brokered deposits	259,219		2,671		4.09	%	216,327		2,164		4.01	%	268,379		2,672		4.04	%	230,789		2,352		4.04	%	220,362		2,284		4.11	%
	7,223,019		35,585		1.95	%	7,172,785		33,369		1.87	%	7,171,589		33,113		1.87	%	7,541,276		37,891		1.99	%	7,498,818		38,799		2.05	%
Non-interest bearing deposit accounts	2,756,880		—		—		2,749,022		—		—		2,657,430		—		—		2,620,452		—		—		2,587,913		—		—
Fair value premium and core deposit intangible amortization	—		755		—		—		755		—		—		755		—		—		943		—		—		943		—
Total deposits	9,979,899		36,340		1.44	%	9,921,807		34,124		1.38	%	9,829,019		33,868		1.40	%	10,161,728		38,834		1.52	%	10,086,731		39,742		1.56	%
Borrowings
Securities sold under agreements to repurchase	134,360		1,225		3.62	%	122,685		1,074		3.51	%	204,480		1,855		3.68	%	100,000		951		3.77	%	93,028		986		4.21	%
Advances from FHLB and other borrowings	447,101		4,609		4.09	%	457,039		4,653		4.08	%	455,820		4,590		4.08	%	455,820		4,693		4.08	%	455,804		4,693		4.08	%

Total borrowings	581,461		5,834		3.98	%	579,724		5,727		3.96	%	660,300		6,445		3.96	%	555,820		5,644		4.03	%	548,832		5,679		4.10	%
Total liabilities	$	10,561,360	$	42,174	1.58	%	$	10,501,531	$	39,851	1.52	%	$	10,489,319	$	40,313	1.56	%	$	10,717,548	$	44,478	1.65	%	$	10,635,563	$	45,421	1.69	%
Interest rate spread			$	153,570	5.09	%			$	157,299	5.31	%			$	153,813	5.21	%			$	152,744	4.97	%			$	154,724	5.09	%
Net interest margin					5.23	%					5.45	%					5.36	%					5.12	%					5.24	%

Core deposits: (Non-GAAP)

NOW accounts	$	2,076,510	$	5,959	1.14	%	$	2,503,812	$	8,786	1.41	%	$	2,711,262	$	10,093	1.51	%	$	3,211,013	$	14,976	1.85	%	$	3,208,598	$	15,941	1.97	%
Savings accounts	2,333,667		6,316		1.07	%	2,345,584		6,281		1.07	%	2,319,764		6,391		1.12	%	2,258,856		6,450		1.13	%	2,215,538		6,212		1.11	%
Time deposits	2,553,623		20,639		3.21	%	2,107,062		16,138		3.07	%	1,872,184		13,957		3.02	%	1,840,618		14,113		3.04	%	1,854,320		14,362		3.07	%
	6,963,800		32,914		1.88	%	6,956,458		31,205		1.80	%	6,903,210		30,441		1.79	%	7,310,487		35,539		1.93	%	7,278,456		36,515		1.99	%
Non-interest bearing deposit accounts	2,756,880		—		—		2,749,022		—		—		2,657,430		—		—		2,620,452		—		—		2,587,913		—		—
Total core deposits	$	9,720,680	$	32,914	1.34	%	$	9,705,480	$	31,205	1.29	%	$	9,560,640	$	30,441	1.29	%	$	9,930,939	$	35,539	1.42	%	$	9,866,369	$	36,515	1.47	%
Total borrowings and brokered deposits: (Non-GAAP)
Total borrowings	$	581,461	$	5,834	3.98	%	$	579,724	$	5,727	3.96	%	$	660,300	$	6,445	3.96	%	$	555,820	$	5,644	4.03	%	$	548,832	$	5,679	4.10	%
Brokered deposits	259,219		2,671		4.09	%	216,327		2,164		4.01	%	268,379		2,672		4.04	%	230,789		2,352		4.04	%	220,362		2,284		4.11	%
Total borrowings and brokered deposits	$	840,680	$	8,505	4.01	%	$	796,051	$	7,891	3.98	%	$	928,679	$	9,117	3.98	%	$	786,609	$	7,996	4.03	%	$	769,194	$	7,963	4.11	%




Total Nonperforming Loans	(14)
Mortgage		$	16,077		$	16,459		$	18,145		$	17,627		$	17,656
Commercial		25,700			32,474			84,028			87,308			61,231

Consumer		3,740			3,798			3,837			4,378			4,194
Auto		16,919			14,580			14,934			20,750			15,962
Total nonperforming loans		$	62,436		$	67,311		$	120,944		$	130,063		$	99,043
Total Nonperforming Loan Rates
Mortgage		1.18		%	1.20		%	1.32		%	1.27		%	1.26		%
Commercial		0.68		%	0.90		%	2.36		%	2.50		%	1.81		%

Consumer		0.54		%	0.55		%	0.57		%	0.64		%	0.61		%
Auto		0.65		%	0.56		%	0.57		%	0.79		%	0.60		%
Total		0.74		%	0.81		%	1.47		%	1.59		%	1.22		%
Total Loans Held for Investment
Mortgage		$	1,359,658		$	1,367,206		$	1,373,629		$	1,390,346		$	1,399,856
Commercial		3,789,686			3,619,221			3,553,096			3,490,169			3,384,404

Consumer		697,222			687,199			677,841			683,548			686,077
Auto		2,601,833			2,623,828			2,630,497			2,636,979			2,646,930
Total loans		$	8,448,399		$	8,297,454		$	8,235,063		$	8,201,042		$	8,117,267


	Quarter Ended September 30, 2026
(Dollars in thousands) (unaudited)	Mortgage			Commercial			Consumer			Auto			Total
Allowance for credit losses Non-PCD:
Balance at beginning of period	$	6,314		$	52,707		$	33,757		$	91,969		$	184,747
(Recapture of) provision for credit losses	(3)			(421)			7,383			10,072			17,031
Charge-offs	(85)			(594)			(7,774)			(16,110)			(24,563)
Recoveries	187			1,306			1,104			7,353			9,950
Balance at end of period	$	6,413		$	52,998		$	34,470		$	93,284		$	187,165

Allowance for credit losses PCD:
Balance at beginning of period	$	3,143		$	354		$	10		$	1		$	3,508
(Recapture of) provision for credit losses	(255)			1,298			(16)			(24)			1,003
Charge-offs	—			—			—			—			—
Recoveries	100			15			14			24			153
Balance at end of period	$	2,988		$	1,667		$	8		$	1		$	4,664

Allowance for credit losses summary:
Balance at beginning of period	$	9,457		$	53,061		$	33,767		$	91,970		$	188,255
(Recapture of) provision for credit losses	(258)			877			7,367			10,048			18,034
Charge-offs	(85)			(594)			(7,774)			(16,110)			(24,563)
Recoveries	287			1,321			1,118			7,377			10,103
Balance at end of period	$	9,401		$	54,665		$	34,478		$	93,285		$	191,829
Allowance coverage ratio	0.69		%	1.44		%	4.95		%	3.59		%	2.27		%


		BASEL III
		Standardized
		2026			2026			2026			2025			2025
(Dollars in thousands) (unaudited)		Q3			Q2			Q1			Q4			Q3
Regulatory Capital Metrics
Common equity Tier 1 capital		$	1,390,580		$	1,359,866		$	1,312,874		$	1,318,632		$	1,313,558
Tier 1 capital		1,390,580			1,359,866			1,312,874			1,318,632			1,313,558
Total risk-based capital	(15)	1,514,680			1,481,504			1,433,271			1,437,595			1,430,713
Risk-weighted assets		9,863,708			9,666,852			9,550,860			9,436,010			9,298,556
Regulatory Capital Ratios
Common equity Tier 1 capital ratio	(16)	14.10		%	14.07		%	13.75		%	13.97		%	14.13		%
Tier 1 risk-based capital ratio	(17)	14.10		%	14.07		%	13.75		%	13.97		%	14.13		%
Total risk-based capital ratio	(18)	15.36		%	15.33		%	15.01		%	15.24		%	15.39		%
Leverage ratio	(19)	11.44		%	11.23		%	10.88		%	10.71		%	10.75		%

Common Equity Tier 1 Capital Ratio Under Basel III Standardized Approach
Total stockholders' equity		$	1,336,876		$	1,407,272		$	1,366,895		$	1,390,005		$	1,375,417



Plus: Unrealized losses on available-for-sale securities, net of income tax		139,167			38,946			33,573			16,906			27,301

Total adjusted stockholders’equity		1,476,043			1,446,218			1,400,468			1,406,911			1,402,718
Less: Disallowed goodwill, net		(79,132)			(79,321)			(79,764)			(79,700)			(79,889)
Disallowed other intangible assets, net		(6,331)			(7,031)			(7,729)			(8,429)			(9,271)
Disallowed deferred tax assets, net		—			—			(101)			(150)			—
Common equity Tier 1 capital and Tier 1 capital		1,390,580			1,359,866			1,312,874			1,318,632			1,313,558




Plus Tier 2 capital: Qualifying allowance for credit losses		124,100			121,638			120,397			118,963			117,155
Total risk-based capital		$	1,514,680		$	1,481,504		$	1,433,271		$	1,437,595		$	1,430,713


(1)			Total banking and financial service revenues.
(2)			Net interest income plus non-interest income, net (core)
(3)			Calculated based on net income available to common shareholders divided by average common shares outstanding for the period.
(4)			Calculated based on net income available to common shareholders divided by total average common shares outstanding and equivalents for the period as if converted.
(5)			Tangible book value per common share is a non-GAAP measure calculated based on tangible common equity divided by common shares outstanding. See "Tables 8-1 and 8-2: Reconciliation of GAAP to Non-GAAP Measures and Calculation of Regulatory Capital Measures" for additional information.
(6)			Information includes all loans held for investment, including PCD loans.
(7)			Calculated based on annualized net interest income for the period divided by average interest-earning assets for the period.
(8)			Calculated based on annualized income, net of tax, for the period divided by average total assets for the period.
(9)			Calculated based on annualized income available to common shareholders for the period divided by average tangible common equity for the period.
(10)			Calculated based on non-interest expense for the period divided by total net interest income and total banking and financial services revenues for the period.
(11)			Calculated based on annualized net charge-offs for the period divided by average loans held for investment for the period.
(12)			Non-GAAP ratios. See "Tables 8-1 and 8-2: Reconciliation of GAAP to Non-GAAP Measures and Calculation of Regulatory Capital Measures" for information on the calculation of each of these ratios.
(13)			Production of new loans (excluding renewals).
(14)			Most PCD loans are considered to be performing due to the application of the accretion method, in which these loans will accrete interest income over the remaining life of the loans using estimated cash flow analyses. Therefore, they are not included as non-performing loans. PCD loan pools that are not accreting interest income are deemed to be non-performing loans and presented separately.
(15)			Total risk-based capital equals the sum of Tier 1 capital and Tier 2 capital.
(16)			Common equity Tier 1 capital ratio is a regulatory capital measure calculated based on Common equity Tier 1 capital divided by risk-weighted assets.
(17)			Tier 1 risk-based capital ratio is a regulatory capital measure calculated based on Tier 1 capital divided by risk-weighted assets.
(18)			Total risk-based capital ratio is a regulatory capital measure calculated based on Total risk-based capital divided by risk-weighted assets.
(19)			Leverage capital ratio is a regulatory capital measure calculated based on Tier 1 capital divided by average assets, after certain adjustments.

(20)			Pre-provision net revenues is a non-GAAP measure calculated based on net interest income plus total non-interest income, net, less total non-interest expenses for the period.
(21)			Under the GNMA program, issuers such as OFG Bancorp have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to the repurchase option are required to be reflected (rebooked) on the financial statements of the Company with an offsetting liability.


(Dollars in thousands) (unaudited)	September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025
Cash and cash equivalents	$	566,773	$	745,706	$	636,499	$	1,040,335	$	740,349
Investments:
Trading securities	22		23		24		23		21
Investment securities available-for-sale, at fair value, no allowance for credit losses for any period
Mortgage-backed securities	2,397,434		2,370,468		2,457,541		2,508,730		2,564,831
US treasury securities	2,124		2,150		2,131		1,651		1,635
Other investment securities	500		500		500		501		503
Total investment securities available-for-sale	2,400,058		2,373,118		2,460,172		2,510,882		2,566,969

Investment securities held-to-maturity, at amortized cost, no allowance for credit losses for any period
Mortgage-backed securities	252,328		258,698		264,580		269,498		275,116

Other investment securities	—		—		—		—		35,000
Total investment securities held-to-maturity	252,328		258,698		264,580		269,498		310,116
Equity securities	64,727		64,817		63,682		62,738		61,906
Total investments	2,717,135		2,696,656		2,788,458		2,843,141		2,939,012
Loans, net	8,266,856		8,117,021		8,040,074		8,014,246		7,935,413
Other assets:

Prepaid expenses	30,921		25,687		17,050		20,415		150,461
Deferred tax asset, net	127,364		113,343		120,431		104,359		7,468
Foreclosed real estate and repossessed properties	6,296		5,870		6,347		5,947		8,025
Premises and equipment, net	96,538		95,601		92,731		93,554		100,760
Goodwill	84,241		84,241		84,241		84,241		84,241
Other intangibles	6,898		7,884		8,869		9,854		11,086
Right of use assets	22,815		19,640		20,275		21,261		22,694
Servicing asset	68,542		67,867		67,228		66,333		67,437
Accounts receivable and other assets	150,100		175,056		165,700		161,971		162,866
Total assets	$	12,144,479	$	12,154,572	$	12,047,903	$	12,465,657	$	12,229,812

Deposits:
Demand deposits	$	4,751,226	$	4,887,404	$	5,347,977	$	5,799,985	$	5,791,959
Savings accounts	2,276,934		2,358,067		2,367,531		2,259,980		2,208,212
Time deposits	2,636,195		2,498,777		1,943,866		1,862,793		1,819,397
Brokered deposits	324,564		238,880		189,898		339,994		189,065
Total deposits	9,988,919		9,983,128		9,849,272		10,262,752		10,008,633
Borrowings:
Securities sold under agreements to repurchase	200,673		100,085		100,086		100,714		100,791


(Dollars in thousands) (unaudited)		September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025
Non-PCD:
Mortgage, excluding GNMA buy-back option program		$	611,871	$	604,990	$	588,642	$	582,563	$	580,332
Mortgage GNMA buy-back option program	(21)	58,692		52,938		54,358		56,492		46,716

Commercial PR		2,859,805		2,679,280		2,611,166		2,586,305		2,469,925
Commercial US		862,850		871,454		871,640		829,975		831,731
Consumer		696,959		686,883		677,535		683,246		685,740
Auto		2,601,770		2,623,762		2,630,422		2,636,890		2,646,811
		7,691,947		7,519,307		7,433,763		7,375,471		7,261,255
Less: Allowance for credit losses		(187,165)		(184,747)		(200,111)		(198,239)		(189,701)
Total non-PCD loans held for investment, net		7,504,782		7,334,560		7,233,652		7,177,232		7,071,554

PCD:
Mortgage		689,095		709,278		730,629		751,291		772,808
Commercial PR		67,031		68,487		70,290		73,889		82,748
Consumer		263		316		306		302		337
Auto		63		66		75		89		119
		756,452		778,147		801,300		825,571		856,012
Less: Allowance for credit losses		(4,664)		(3,508)		(3,845)		(4,102)		(8,081)
Total PCD loans held for investment, net		751,788		774,639		797,455		821,469		847,931
Total loans held for investment		8,256,570		8,109,199		8,031,107		7,998,701		7,919,485
Mortgage loans held for sale		10,286		7,822		8,967		12,483		9,680
Other loans held for sale		—		—		—		3,062		6,248
Total loans, net		$	8,266,856	$	8,117,021	$	8,040,074	$	8,014,246	$	7,935,413

Loan Portfolio Summary:
Loans held for investment:
Mortgage, excluding GNMA buy-back option program		$	1,300,966	$	1,314,268	$	1,319,271	$	1,333,854	$	1,353,140
Mortgage GNMA buy-back option program	(21)	58,692		52,938		54,358		56,492		46,716

Commercial PR		2,926,836		2,747,767		2,681,456		2,660,194		2,552,673
Commercial US		862,850		871,454		871,640		829,975		831,731
Consumer		697,222		687,199		677,841		683,548		686,077
Auto		2,601,833		2,623,828		2,630,497		2,636,979		2,646,930
		8,448,399		8,297,454		8,235,063		8,201,042		8,117,267
Less: Allowance for credit losses		(191,829)		(188,255)		(203,956)		(202,341)		(197,782)
Total loans held for investment, net		8,256,570		8,109,199		8,031,107		7,998,701		7,919,485
Mortgage loans held for sale		10,286		7,822		8,967		12,483		9,680


		Quarter Ended										Nine-month period ended September 30,
(Dollars in thousands) (unaudited)		September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		2026		2025
Loan production	(13)
Mortgage		$	49,805	$	55,565	$	41,948	$	44,593	$	42,392	$	147,318	$	134,981
Commercial PR		258,015		333,408		200,441		201,974		216,560		791,864		633,666
Commercial US		121,763		95,335		102,733		111,896		116,368		319,831		321,500
Consumer		87,708		82,287		68,481		68,204		76,027		238,476		220,643
Auto		176,534		188,440		195,256		178,928		172,558		560,230		655,724
Total		$	693,825	$	755,035	$	608,859	$	605,595	$	623,905	$	2,057,719	$	1,966,514


	2026		2026		2026		2025		2025
(Dollars in thousands) (unaudited)	Q3		Q2		Q1		Q4		Q3
Net Charge-offs
Non-PCD
Mortgage:
Charge-offs	$	85	$	—	$	66	$	—	$	—
Recoveries	(187)		(265)		(193)		(91)		(171)
Total mortgage	(102)		(265)		(127)		(91)		(171)
Commercial PR:
Charge-offs	295		15,225		75		6,012		1,446
Recoveries	(169)		(173)		(52)		(1,275)		(922)
Total commercial PR	126		15,052		23		4,737		524
Commercial US:
Charge-offs	299		1,608		3,934		55		3,647
Recoveries	(1,137)		(55)		—		(44)		—
Total commercial US	(838)		1,553		3,934		11		3,647
Consumer:
Charge-offs	7,774		7,766		8,819		9,023		7,704
Recoveries	(1,104)		(1,112)		(1,068)		(964)		(896)
Total consumer	6,670		6,654		7,751		8,059		6,808
Auto:
Charge-offs	16,110		14,420		18,159		19,002		16,743
Recoveries	(7,353)		(7,141)		(8,159)		(7,070)		(7,108)
Total auto	8,757		7,279		10,000		11,932		9,635
Total	$	14,613	$	30,273	$	21,581	$	24,648	$	20,443

PCD
Mortgage:
Charge-offs	$	—	$	—	$	6	$	—	$	—
Recoveries	(100)		(78)		(167)		(239)		(281)
Total mortgage	(100)		(78)		(161)		(239)		(281)
Commercial PR:
Charge-offs	—		—		—		3,223		205
Recoveries	(15)		(1,380)		(21)		(734)		(118)
Total commercial PR	(15)		(1,380)		(21)		2,489		87
Consumer:
Charge-offs	—		—		—		—		—
Recoveries	(14)		(13)		(6)		(6)		(10)
Total consumer	(14)		(13)		(6)		(6)		(10)