GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by reportable business segment is included in the table below. Refer to Note 23 – Business Segments for additional information on OFG’s reportable business segments.


	Banking		Wealth Management		Treasury		Total
	(In thousands)
December 31, 2024	$	84,063	$	178	$	—	$	84,241

June 30, 2025	$	84,063	$	178	$	—	$	84,241

Schedule of Core Deposit, Customer Relationship and Other Intangibles

The following table reflects the components of other intangible assets subject to amortization at June 30, 2025 and December 31, 2024:


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
	(In thousands)
June 30, 2025
Core deposit intangibles	$	41,507	$	32,073	$	9,434
Customer relationship intangibles	12,693		9,808		2,884

Total other intangible assets	$	54,200	$	41,881	$	12,318
December 31, 2024
Core deposit intangibles	$	41,507	$	30,187	$	11,320
Customer relationship intangibles	12,693		9,231		3,462

Total other intangible assets	$	54,200	$	39,418	$	14,782

Schedule of Estimated Amortization of Other Intangible Assets

The following table presents the estimated remaining amortization of other intangible assets as of June 30, 2025:


As of June 30, 2025	(In thousands)
2025	$	2,464
2026	3,942
2027	2,956
2028	1,971
2029	985
	$	12,318

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

OFG BANCORP 10-Q