v3.25.2
EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE EARNINGS PER COMMON SHARE
The calculation of earnings per common share for the quarters and six-month periods ended June 30, 2025 and 2024 is as follows:
Quarter Ended June 30,Six-Month Period Ended June 30,
2025202420252024
(In thousands, except per share data)
Income available to common shareholders$51,801 $51,131 $97,373 $100,823 
Average common shares outstanding44,854 46,952 45,074 47,024 
Effect of dilutive securities:
Average potential common shares-options179 179 191 220 
Total weighted average common shares outstanding and equivalents45,033 47,131 45,265 47,244 
Earnings per common share - basic$1.15 $1.09 $2.16 $2.14 
Earnings per common share - diluted$1.15 $1.08 $2.15 $2.13 
For both quarters ended June 30, 2025 and 2024, weighted-average restricted stock units with an anti-dilutive effect on earnings per share not included in the calculation amounted to zero. For the six-month periods ended June 30, 2025 and 2024, weighted-average restricted stock units with an anti-dilutive effect on earnings per share not included in the calculation amounted to 99 and zero, respectively.
During the first quarter of 2025, OFG increased its quarterly common stock cash dividend to $0.30 per share from $0.25 per share at December 31, 2024. During the first quarter of 2024, OFG increased its quarterly common stock cash dividend to $0.25 per share from $0.22 per share at December 31, 2023.