MEDIUMBuilt-inGeographic
Puerto Rico
“10-K Item 1A: 'A significant portion of our credit risk exposure on our loan portfolio is concentrated in Puerto Rico'”
OFG · Concentration risk · 10-K extracted
OFG Bancorp (OFG) concentration risks
Updated
The most significant concentration OFG Bancorp discloses is Puerto Rico, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: OFG Bancorp’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyLoan_portfolio
16.3%
Puerto Rico government deposits
“10-K Item 1A: 'collateralized deposits from the Puerto Rico government... approximately 16.3% of our total deposits, as of December 31, 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is anchored in Puerto Rico, combining a medium-share geographic loan concentration and a small-share government deposit dependency. A significant portion of the credit risk exposure on the loan portfolio is concentrated in Puerto Rico, a medium-share structural concentration by disclosed size. This is a defining feature of the institution's franchise — a Puerto Rico-focused bank operates in a single, island economy with its own demographic trajectory, fiscal history, and recovery path from prior economic dislocations. The geographic concentration is structural rather than coincidental, reflecting the company's deliberate market positioning. Layered on top is a low-share dependency on Puerto Rico government deposits. Collateralized deposits from the Puerto Rico government represented approximately 16.3% of total deposits as of December 31, 2025. While low in share, government deposits carry a specific counterparty risk: the Puerto Rico government's fiscal condition and liquidity management can affect deposit levels independently of private sector deposit flows. A reduction in government deposit balances — whether from fiscal consolidation, policy changes, or a shift to other institutions — would require replacement from other funding sources. Together, the two exposures reinforce the same geographic dependency: both the loan credit risk and a meaningful portion of deposit funding are linked to Puerto Rico's economic and fiscal health. The concentration is manageable in scale but structurally embedded in the business model.
For the engine’s reasoning on OFG’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| OFG● | OFG Bancorp | 0 | 1 | 1 | 2 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.