Estados financieros detallados de OFG Bancorp (OFG): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
OFG Bancorp registró ingresos de $862.6M en el último ejercicio fiscal, con un CAGR de 5 años del 9.8%. El beneficio neto alcanzó $205.1M, con un CAGR a 5 años del 22.5%.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $385.9M | $387.8M | $400.9M | $429.9M | $541.2M | $539.1M | $598.5M | $728.2M | $822.8M | $862.6M |
| Coste de Ventas | $122.2M | $154.6M | $100.6M | $147.8M | $157.6M | $42.0M | $57.6M | $148.6M | $244.1M | $248.1M |
| Beneficio Bruto | $263.7M | $233.2M | $300.3M | $282.1M | $383.6M | $497.0M | $540.9M | $579.5M | $578.7M | $614.5M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $92.4M | $91.7M | $88.9M | $92.3M | $151.4M | $151.7M | $161.1M | $176.4M | $180.7M | $182.5M |
| Gastos Operativos | $178.5M | $165.1M | $167.5M | $206.8M | $288.8M | $282.4M | $296.8M | $314.3M | $324.9M | $348.5M |
| Beneficio Operativo | $85.2M | $68.1M | $132.8M | $75.2M | $94.8M | $214.6M | $244.1M | $265.2M | $253.7M | $266.0M |
| EBITDA | $96.3M | $78.5M | $143.0M | $84.9M | $118.6M | $238.5M | $268.5M | $291.8M | $280.5M | $285.2M |
| Gastos por Intereses | $57.2M | $41.5M | $44.5M | $51.0M | $64.9M | $41.8M | $33.5M | $88.0M | $161.8M | $172.5M |
| Beneficio Antes de Impuestos | $85.2M | $68.1M | $132.8M | $75.2M | $94.8M | $214.6M | $244.1M | $265.2M | $253.7M | $234.1M |
| Impuestos | $26.0M | $15.4M | $48.4M | $21.4M | $20.5M | $68.5M | $77.9M | $83.4M | $55.6M | $29.0M |
| Beneficio Neto | $59.2M | $52.6M | $84.4M | $53.8M | $74.3M | $146.2M | $166.2M | $181.9M | $198.2M | $205.1M |
| BPA | $1.03 | $0.88 | $1.59 | $0.93 | $1.32 | $2.85 | $3.46 | $3.85 | $4.25 | $4.53 |
| BPA Diluido | $1.03 | $0.86 | $1.52 | $0.92 | $1.32 | $2.81 | $3.44 | $3.82 | $4.23 | $4.49 |
| Acciones en Circulación (Diluidas) | $51.1M | $51.1M | $51.3M | $51.7M | $51.6M | $51.4M | $48.4M | $47.6M | $46.9M | $47.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $216.7M | $228.8M | $226.4M | $230.6M |
| Beneficio Bruto | $143.0M | $184.3M | $163.6M | $177.8M |
| Beneficio Operativo | $61.4M | $79.3M | $68.8M | $74.5M |
| EBITDA | $67.9M | $85.6M | $74.6M | $80.3M |
| Beneficio Neto | $51.8M | $55.9M | $53.9M | $58.8M |
| BPA | $1.17 | $1.20 | $1.26 | $1.39 |
| BPA Diluido | $1.16 | $1.18 | $1.26 | $1.39 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $513.5M | $488.2M | $450.1M | $851.3M | $2.15B | $2.02B | $550.3M | $748.2M | $591.1M | $1.04B |
| Inversiones a Corto | $751.5M | $645.8M | $841.9M | $1.07B | $446.4M | $510.7M | $1.41B | $2.10B | $2.34B | $23000 |
| Cuentas por Cobrar | $26.5M | $54.2M | $36.5M | $37.4M | $65.5M | $56.6M | $62.4M | $71.4M | $71.7M | $162.0M |
| Inventario | -$40.9M | -$42.7M | -$31.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $1.30B | $1.19B | $1.34B | $2.02B | $2.73B | $2.65B | $2.08B | $2.98B | $3.07B | $1.22B |
| Inmovilizado Material | $70.4M | $67.9M | $68.9M | $120.2M | $115.2M | $121.0M | $132.2M | $125.8M | $123.7M | $93.6M |
| Fondo de Comercio | $86.1M | $86.1M | $86.1M | $86.1M | $86.1M | $86.1M | $84.2M | $84.2M | $84.2M | $84.2M |
| Activos Intangibles | $16.0M | $14.5M | $14.1M | $107.7M | $93.2M | $85.1M | $78.5M | $70.2M | $85.2M | $9.9M |
| Activos Totales | $6.50B | $6.19B | $6.58B | $9.30B | $9.83B | $9.90B | $9.82B | $11.34B | $11.50B | $12.47B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $653.8M | $192.9M | $455.5M | $190.3M | 0 | 0 | 0 | 0 | $75.2M | $100.7M |
| Pasivos Corrientes | $5.41B | $5.08B | $5.45B | $8.07B | $8.57B | $8.70B | $8.69B | $9.76B | $9.68B | $10.60B |
| Deuda a Largo | $141.6M | $135.9M | $114.9M | $115.3M | $102.4M | $64.6M | $27.0M | $200.8M | $326.0M | $456.6M |
| Pasivos Totales | $5.58B | $5.24B | $5.58B | $8.25B | $8.74B | $8.83B | $8.78B | $10.15B | $10.25B | $11.08B |
| Reservas | $177.8M | $200.9M | $253.0M | $279.6M | $300.1M | $399.9M | $516.4M | $639.3M | $772.0M | $904.6M |
| Patrimonio Neto | $920.4M | $945.1M | $999.9M | $1.05B | $1.09B | $1.07B | $1.04B | $1.19B | $1.25B | $1.39B |
| Deuda Total | $795.4M | $328.7M | $570.4M | $345.4M | $134.9M | $95.1M | $54.4M | $224.8M | $422.6M | $580.5M |
| Deuda Neta | -$466.6M | -$802.3M | -$718.5M | -$1.58B | -$2.47B | -$2.44B | -$1.91B | -$2.62B | -$2.51B | -$459.9M |
| Capital Circulante | -$4.11B | -$3.88B | -$4.12B | -$6.06B | -$5.84B | -$6.05B | -$6.61B | -$6.78B | -$6.61B | -$9.37B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $262.8M | $1.04B | $636.5M | $745.7M |
| Activos Totales | $12.23B | $12.47B | $12.05B | $12.15B |
| Pasivos Totales | $10.85B | $11.08B | $10.68B | $10.75B |
| Patrimonio Neto | $1.38B | $1.39B | $1.37B | $1.41B |
| Deuda Total | $582.0M | $580.5M | $578.8M | $578.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $59.2M | $52.6M | $84.4M | $53.8M | $74.3M | $146.2M | $166.2M | $181.9M | $198.2M | $205.1M |
| Amortizaciones | $11.1M | $10.5M | $10.2M | $9.7M | $23.8M | $23.9M | $24.3M | $27.3M | $26.8M | $25.4M |
| Compensación en Acciones | $1.3M | $1.0M | $1.4M | $2.1M | $2.2M | $6.2M | $4.2M | $5.0M | $7.2M | $6.2M |
| Cambio en Capital Circulante | -$6.5M | $11.6M | $19.6M | -$19.0M | -$55.3M | $16.3M | -$6.5M | $713000 | -$35.3M | $110.9M |
| Flujo de Caja Operativo | $78.5M | $151.4M | $133.4M | $109.6M | $35.0M | $100.0M | $164.5M | $295.7M | $252.5M | $217.7M |
| Inversiones (CapEx) | -$5.3M | -$6.5M | -$11.5M | -$13.0M | -$15.3M | -$23.1M | -$31.0M | -$17.9M | -$41.7M | -$18.4M |
| Adquisiciones | 0 | 0 | 0 | $67.3M | -$402000 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | -$2.2M | -$141.9M | -$65.0M | -$20.3M | -$74.7M | -$91.6M |
| Dividendos Pagados | -$24.0M | -$24.4M | -$24.8M | -$20.9M | -$20.9M | -$21.0M | -$30.1M | -$41.0M | -$45.6M | -$51.9M |
| Flujo de Caja Libre | $73.2M | $145.0M | $121.9M | $96.7M | $19.7M | $77.0M | $133.5M | $277.8M | $210.8M | $199.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $39.5M | $59.2M | $73.1M | $53.2M |
| Inversiones (CapEx) | -$4.0M | -$5.9M | -$4.4M | -$8.1M |
| Flujo de Caja Libre | $35.5M | $53.3M | $68.8M | $45.1M |
| Dividendos Pagados | -$13.5M | -$13.4M | -$13.1M | -$14.9M |
| Compensación en Acciones | $1.5M | $1.6M | $1.4M | $1.6M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +0.5% | +3.4% | +7.2% | +25.9% | -0.4% | +11.0% | +21.7% | +13.0% | +4.8% |
| Crecimiento Beneficio Neto (anual) | | -11.0% | +60.3% | -36.2% | +38.0% | +96.6% | +13.7% | +9.4% | +9.0% | +3.5% |
| Crecimiento BPA (anual) | | -14.6% | +80.7% | -41.5% | +41.9% | +115.9% | +21.4% | +11.3% | +10.4% | +6.6% |
| Cambio en Acciones (anual) | | +0.0% | +0.5% | +0.7% | -0.3% | -0.4% | -5.7% | -1.8% | -1.4% | +1.0% |
| Crecimiento FCF (anual) | | +98.0% | -15.9% | -20.7% | -79.6% | +290.9% | +73.3% | +108.2% | -24.1% | -5.4% |
| Margen Bruto | 68.3% | 60.1% | 74.9% | 65.6% | 70.9% | 92.2% | 90.4% | 79.6% | 70.3% | 71.2% |
| Margen Operativo | 22.1% | 17.6% | 33.1% | 17.5% | 17.5% | 39.8% | 40.8% | 36.4% | 30.8% | 30.8% |
| Margen EBITDA | 24.9% | 20.3% | 35.7% | 19.8% | 21.9% | 44.2% | 44.9% | 40.1% | 34.1% | 33.1% |
| Margen Neto | 15.3% | 13.6% | 21.1% | 12.5% | 13.7% | 27.1% | 27.8% | 25.0% | 24.1% | 23.8% |
| Margen FCF | 19.0% | 37.4% | 30.4% | 22.5% | 3.6% | 14.3% | 22.3% | 38.2% | 25.6% | 23.1% |
| Tasa Impositiva Efectiva | 30.5% | 22.7% | 36.4% | 28.5% | 21.6% | 31.9% | 31.9% | 31.4% | 21.9% | 12.4% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $1.43 | $2.84 | $2.37 | $1.87 | $0.38 | $1.50 | $2.76 | $5.84 | $4.49 | $4.21 |
| Dividendo por Acción | $0.47 | $0.48 | $0.48 | $0.40 | $0.41 | $0.41 | $0.62 | $0.86 | $0.97 | $1.10 |
| Acciones en Circulación (Básicas) | $43.9M | $43.9M | $45.4M | $51.3M | $51.4M | $51.0M | $48.0M | $47.3M | $46.6M | $46.6M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 12.72 | 10.68 | 10.35 | 25.39 | 14.05 | 9.32 | 7.97 | 9.74 | 9.96 | 9.05 |
| P/VC | 0.63 | 0.44 | 0.75 | 1.16 | 0.88 | 1.27 | 1.27 | 1.48 | 1.57 | 1.37 |
| P/V | 1.49 | 1.07 | 1.86 | 2.82 | 1.76 | 2.51 | 2.21 | 2.43 | 2.40 | 2.21 |
| Margen Bruto | 68.3% | 60.1% | 74.9% | 65.6% | 70.9% | 92.2% | 90.4% | 79.6% | 70.3% | 71.2% |
| Margen Operativo | 22.1% | 17.6% | 33.1% | 17.5% | 17.5% | 39.8% | 40.8% | 36.4% | 30.8% | 30.8% |
| Margen Neto | 15.3% | 13.6% | 21.1% | 12.5% | 13.7% | 27.1% | 27.8% | 25.0% | 24.1% | 23.8% |