
	Quarter Ended March 31,
	2026		2025
	(In thousands)
Banking service revenues:
Electronic banking fees	$	13,738	$	12,384
Checking accounts fees	1,934		2,165
Savings accounts fees	315		297

Branch service and credit life commissions	337		351
Servicing and other loan fees	403		562
International fees	201		214
Miscellaneous income	16		8
Total banking service revenues	$	16,944	$	15,981

Wealth management revenue:
Insurance income	$	3,728	$	3,907
Broker fees	2,962		2,415
Trust fees	2,223		2,133


Total wealth management revenue	$	8,913	$	8,455

Mortgage banking activities:
Net servicing fees	$	5,548	$	3,749
Net gains on sale of mortgage loans and valuation	571		1,070
Net gain (loss) on repurchased loans and other	12		(43)
Total mortgage banking activities	$	6,131	$	4,776
Total banking and financial service revenues	$	31,988	$	29,212

OFG recognizes the revenue from banking services, wealth management and mortgage banking based on the nature and timing of revenue streams from contracts with customers:

Electronic banking fees include credit and debit card processing services, fees for using the Bank’s ATMs by non-customers, debit card interchange income, and service charges on deposit accounts. Revenue is recorded once the contracted service has been provided. Debit card interchange fees earned by the Bank are subject to pricing limits imposed by the Durbin Amendment.

Service charges on checking and saving accounts are recognized as consumer periodic maintenance revenue once the service is rendered, while overdraft and late charges revenues are recorded after the contracted service has been provided.

Other income such as branch service commissions, servicing and other loan fees, international fees, and miscellaneous income recognized as banking service revenue are out of the scope of ASC 606 – Revenue from Contracts with Customers.

Insurance income from commissions generated in the sale of insurance policies issued by unaffiliated insurance companies and sale of annuities are recorded once the sale has been completed. Reinsurance revenue is recorded based on earned premium

•Sales commissions generated by advisers for their clients’ purchases and sales of securities and other investment products, which are collected once the stand-alone transactions are completed at trade date or as earned, and managed account fees, which are fees charged to advisers’ clients’ accounts on OFG’s corporate advisory platform. These revenues do not cover future services; as a result, there is no need to allocate the amount received to any other service.

•Fees for providing distribution services related to mutual funds, net of compensation paid to a provider of such services, as well as trailer fees (also known as 12b-1 fees). These fees are considered variable and are recognized over time, as the uncertainty of the fees to be received is resolved as the net asset value of the mutual fund is determined and investor activity occurs. Fees do not cover future services, as a result there is no need to allocate the amount received to any other service.

Trust fees are revenues related to fiduciary services provided to IRA trusts and other retirement plans. These generally include payment for trustee services, distribution services, custodial services of plan assets, due diligence services, and investment advisory services. Fees are billed based on services contracted. Negotiated fees are detailed in the contract. Fees collected in advance are amortized over the term of the contract. Fees are generally collected on an annual or quarterly basis once the administrative service has been completed. Fees do not include future services.

Mortgage banking activities such as servicing fees and valuation of servicing assets, gain on sale of mortgage loans, and gain on repurchased loans and others are out of the scope of ASC 606.