Additional paid-in capital represents contributed capital in excess of par value of common stock, net of the costs of issuance. At June 30, 2026, and December 31, 2025, accumulated common stock issuance costs charged against additional paid-in capital amounted to $13.6 million.

The Banking Act requires that a minimum of 10% of the Bank’s net income for the year be transferred to a reserve fund until such fund (legal surplus) equals the total paid-in capital on common and preferred stock. At June 30, 2026, and December 31, 2025, the Bank’s legal surplus amounted to $199.4 million and $188.5 million, respectively. During the quarter and six-month period ended June 30, 2026, OFG transferred $5.6 million and $10.9 million, respectively, to the legal surplus account. For the same periods in 2025, OFG transferred $4.9 million and $9.3 million, respectively, to the legal surplus account. The amount transferred to the legal surplus account is not available for the payment of dividends to shareholders.

In January 2026, OFG’s Board of Directors (the “Board”) approved a $200.0 million stock repurchase program in addition to the $100.0 million stock repurchase program approved in April 2025. The shares of common stock repurchased are held by

During the six-month period ended June 30, 2026, and 2025, OFG repurchased 1,097,953 and 768,423 shares, respectively, for a total of $44.5 million and $31.1 million, at an average price of $40.51 and $40.46 per share, under the approved stock repurchase programs for such periods.

At June 30, 2026, the estimated remaining number of shares that may be purchased under the repurchase programs is 3,945,538 and was calculated by dividing the remaining balance of $193.6 million by $49.07 (closing price of OFG’s common stock on June 30, 2026).


	Quarter Ended June 30,
	2026			2025
	Shares	Dollar Amount		Shares	Dollar Amount
	(In thousands, except shares data)
Beginning of period	17,627,953	$	432,209	14,960,888	$	320,927
Common shares used upon lapse of restricted stock units and options	(7,903)	(148)		(3,611)	(50)
Common shares repurchased as part of the stock repurchase programs	—	—		186,024	7,695
End of period	17,620,050	$	432,061	15,143,301	$	328,572

	Six-Month Period Ended June 30,
	2026			2025
	Shares	Dollar Amount		Shares	Dollar Amount
	(In thousands, except shares data)
Beginning of period	16,628,067	$	389,067	14,444,965	$	296,991
Common shares used upon lapse of restricted stock units and options	(105,970)	(1,479)		(126,579)	(2,152)
Common shares repurchased from employee awards	—	—		56,492	2,646
Common shares repurchased as part of the stock repurchase programs	1,097,953	44,473		768,423	31,087
End of period	17,620,050	$	432,061	15,143,301	$	328,572