OFG Bancorp reported third-quarter diluted EPS of $1.33, up 14.7% year over year, while total core revenues rose 1% to $185.7 million. Net interest margin fell to 5.2% from 5.5% in the second quarter, mainly due to higher liability costs and the absence of $4.1 million in commercial loan prepayment fees. Loans held for investment grew 1.8% sequentially to $8.45 billion, while customer deposits declined 0.8% to $9.66 billion, and the net charge-off rate eased to 0.70% from 1.40%. The bank repurchased $13.5 million of common shares, leaving $180 million under its authorization, and its Common Equity Tier 1 ratio stood at 14.1%. Management guided to a net interest margin near 5.25% for the rest of 2026 and about $385 million in full-year expenses, excluding the second-quarter charge.
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