OFG (on a consolidated basis) and the Bank are subject to various risk-based capital standards (“Basel III capital rules”) administered by federal and Puerto Rico banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on OFG’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, OFG and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. OFG and the Bank have elected to exclude accumulated comprehensive loss related to available for sale securities valuation from Common Equity Tier 1 Capital.

As of June 30, 2025 and December 31, 2024, OFG and the Bank met all capital adequacy requirements to which they are subject. As of June 30, 2025 and December 31, 2024, OFG and the Bank are “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized,” an institution must maintain minimum CET1 risk-based, Tier 1 risk-based, total risk-based, and Tier 1 leverage ratios as set forth in the tables presented below.


	Actual				Minimum Capital Requirement (including capital conservation buffer)				Minimum to be Well Capitalized
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
OFG Bancorp Ratios
As of June 30, 2025
Total capital to risk-weighted assets	$	1,409,447	15.25	%	$	970,738	10.50	%	$	924,513	10.00	%
Tier 1 capital to risk-weighted assets	$	1,293,041	13.99	%	$	785,836	8.50	%	$	739,610	8.00	%
Common equity tier 1 capital to risk-weighted assets	$	1,293,041	13.99	%	$	647,159	7.00	%	$	600,933	6.50	%
Tier 1 capital to average total assets	$	1,293,041	10.83	%	$	477,663	4.00	%	$	597,078	5.00	%
As of December 31, 2024
Total capital to risk-weighted assets	$	1,367,692	15.52	%	$	925,305	10.50	%	$	881,242	10.00	%
Tier 1 capital to risk-weighted assets	$	1,256,906	14.26	%	$	749,056	8.50	%	$	704,994	8.00	%
Common equity tier 1 capital to risk-weighted assets	$	1,256,906	14.26	%	$	616,870	7.00	%	$	572,807	6.50	%
Tier 1 capital to average total assets	$	1,256,906	10.93	%	$	460,138	4.00	%	$	575,172	5.00	%


	Actual				Minimum Capital Requirement (including capital conservation buffer)				Minimum to be Well Capitalized
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
Bank Ratios
As of June 30, 2025
Total capital to risk-weighted assets	$	1,304,814	14.21	%	$	963,900	10.50	%	$	918,000	10.00	%
Tier 1 capital to risk-weighted assets	$	1,189,212	12.95	%	$	780,300	8.50	%	$	734,400	8.00	%
Common equity tier 1 capital to risk-weighted assets	$	1,189,212	12.95	%	$	642,600	7.00	%	$	596,700	6.50	%
Tier 1 capital to average total assets	$	1,189,212	10.07	%	$	472,586	4.00	%	$	590,732	5.00	%
As of December 31, 2024
Total capital to risk-weighted assets	$	1,301,684	14.86	%	$	919,781	10.50	%	$	875,982	10.00	%
Tier 1 capital to risk-weighted assets	$	1,191,547	13.60	%	$	744,585	8.50	%	$	700,786	8.00	%
Common equity tier 1 capital to risk-weighted assets	$	1,191,547	13.60	%	$	613,187	7.00	%	$	569,388	6.50	%
Tier 1 capital to average total assets	$	1,191,547	10.45	%	$	456,144	4.00	%	$	570,179	5.00	%