OFG Bancorp Announces New $200 Million Share Repurchase Plan

OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new $200 million stock repurchase authorization plan as part of OFG’s capital actions. The new plan, which is open-ended, is in addition to the previously authorized stock repurchase plan, which as of December 31, 2025 had $38.1 million available for repurchase.

About OFG Bancorp

Now in its 62 ^nd year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services, and technology, primarily in Puerto Rico and U.S. Virgin Islands. Our mission is to make progress possible for our customers, employees, shareholders, and the communities we serve. Visit us at www.ofgbancorp.com .

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Puerto Rico & USVI: Lumarie Vega López ( lumarie.vega@orientalbank.com ) and Victoria Maldonado Rodríguez ( victoria.maldonado@orientalbank.com ) at (787) 771-6800

US: Gary Fishman ( gfishman@ofgbancorp.com ) and Michael Wichman ( michael.wichman@ofgbancorp.com ) at (212) 532-3232