ALLOWANCE FOR CREDIT LOSSES (Tables)

3 Months Ended

Mar. 31, 2026

The following tables present the activity in OFG’s ACL by segment for the quarters ended March 31, 2026 and 2025:


	Quarter Ended March 31, 2026
	Commercial		Mortgage		Consumer		Auto		Total
	(In thousands)
Non-PCD:
Balance at beginning of period	$	65,943	$	6,358	$	33,466	$	92,472	$	198,239
Provision for (recapture of) credit losses	6,422		(242)		7,283		9,990		23,453
Charge-offs	(4,009)		(66)		(8,819)		(18,159)		(31,053)
Recoveries	52		193		1,068		8,159		9,472
Balance at end of period	$	68,408	$	6,243	$	32,998	$	92,462	$	200,111
PCD:
Balance at beginning of period	$	493	$	3,599	$	9	$	1	$	4,102
Recapture of credit losses	(19)		(422)		(5)		(13)		(459)
Charge-offs	—		(6)		—		—		(6)
Recoveries	21		167		6		14		208
Balance at end of period	$	495	$	3,338	$	10	$	2	$	3,845
Total allowance for credit losses at end of period	$	68,903	$	9,581	$	33,008	$	92,464	$	203,956


	Quarter Ended March 31, 2025
	Commercial		Mortgage		Consumer		Auto		Total
	(In thousands)
Non-PCD:
Balance at beginning of period	$	44,814	$	6,395	$	31,818	$	87,682	$	170,709
Provision for (recapture of) credit losses	3,516		(636)		7,945		13,978		24,803
Charge-offs	(3,030)		(23)		(8,252)		(18,192)		(29,497)
Recoveries	152		186		725		7,674		8,737
Balance at end of period	$	45,452	$	5,922	$	32,236	$	91,142	$	174,752
PCD:
Balance at beginning of period	$	622	$	4,514	$	11	$	7	$	5,154
Provision for (recapture of) credit losses	1,691		(787)		(6)		(20)		878
Charge-offs	—		—		—		(1)		(1)
Recoveries	25		341		6		19		391
Balance at end of period	$	2,338	$	4,068	$	11	$	5	$	6,422
Total allowance for credit losses at end of period	$	47,790	$	9,990	$	32,247	$	91,147	$	181,174