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OFG BANCORP (HOLDING COMPANY ONLY) FINANCIAL INFORMATION (Condensed Statement of Cash Flows Information) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 198,170 $ 181,872 $ 166,239
Adjustments to reconcile net income to net cash provided by operating activities:      
Early extinguishment of debt 0 0 (42)
Stock-based compensation 7,170 5,001 4,185
Deferred income tax, net 21,561 67,349 61,126
Net decrease in other assets (31,339) 4,971 35,371
Net (decrease) increase in accrued expenses and other liabilities (4,759) 279 (34,151)
Net cash provided by operating activities 252,500 295,657 164,456
Cash flows from investing activities:      
Additions to premises and equipment (21,336) (17,857) (30,999)
Net cash used in investing activities (335,979) (1,404,745) (1,512,937)
Cash flows from financing activities:      
Subordinated capital notes 0 0 (34,958)
Exercise of stock options and restricted units lapsed, net (4,368) (1,689) (906)
Net cash (used in) provided by financing activities (73,557) 1,306,797 (124,705)
Net change in cash and cash equivalents (157,036) 197,709 (1,473,186)
Cash and cash equivalents at beginning of year 743,550 546,146  
Cash and cash equivalents at end of year 584,467 743,550 546,146
Parent Company      
Cash flows from operating activities:      
Net income 198,170 181,872 166,239
Adjustments to reconcile net income to net cash provided by operating activities:      
Early extinguishment of debt 0 0 (42)
Stock-based compensation 642 731 652
Deferred income tax, net 62 630 1,703
Net decrease in other assets 5,413 1,270 18,829
Net (decrease) increase in accrued expenses and other liabilities (1,836) 2,149 (488)
Net cash provided by operating activities 91,796 52,459 165,858
Cash flows from investing activities:      
Additions to premises and equipment (9) (30) (233)
Net cash used in investing activities (4,009) (30) (233)
Cash flows from financing activities:      
Subordinated capital notes 0 0 (34,958)
Exercise of stock options and restricted units lapsed, net (4,368) (1,689) (906)
Purchase of treasury stock (70,324) (18,653) (64,110)
Dividends paid (45,646) (41,011) (30,090)
Net decrease in due to non-bank subsidiary, net 5 3 0
Net cash (used in) provided by financing activities (120,338) (61,353) (130,064)
Net change in cash and cash equivalents (32,551) (8,924) 35,561
Cash and cash equivalents at beginning of year 73,121 82,045 46,484
Cash and cash equivalents at end of year 40,570 73,121 82,045
Bank subsidiary      
Cash flows from operating activities:      
Net income 185,699 170,658 162,236
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in earnings (185,699) (170,658) (162,236)
Dividends from subsidiary 75,000 45,000 140,000
Nonbank subsidiaries      
Cash flows from operating activities:      
Net income 12,661 12,538 8,299
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in earnings (12,661) (12,538) (8,299)
Dividends from subsidiary 12,700 4,000 9,500
Cash flows from investing activities:      
Capital contribution to non-banking subsidiary $ (4,000) $ 0 $ 0