OFG Bancorp's stock surged 5.17% during Tuesday's intraday trading session following the release of its first-quarter 2026 financial results.

The Puerto Rico-based financial services provider reported quarterly earnings of $1.26 per share, beating the analyst consensus estimate of $1.02 by 23.53% and representing a 26% increase from the $1.00 per share reported in the same period last year. Core revenue reached $185.8 million, exceeding the $166.544 million consensus estimate by 11.56% and showing a 4.2% year-over-year growth. The company attributed its strong performance to ongoing loan growth, particularly in commercial lending, and an improved net interest margin of 5.36%.

Additionally, OFG Bancorp announced it repurchased $44.5 million of common shares during the quarter and raised its dividend by 17%, signaling confidence in its financial position and commitment to returning capital to shareholders. The company's CET1 capital ratio stood at a robust 13.75%.