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EARNINGS PER COMMON SHARE | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE | EARNINGS PER COMMON SHARE The calculation of earnings per common share for the quarters ended March 31, 2025 and 2024 is as follows:
| Quarter Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |  |  |
| (In thousands, except per share data)
Income available to common shareholders | $ | 45,572 |  |  | $ | 49,692 |  |  |  |  |  |  |
Average common shares outstanding | 45,295 |  |  | 47,096 |  |  |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Average potential common shares-options | 214 |  |  | 247 |  |  |  |  |  |  |
Total weighted average common shares outstanding and equivalents | 45,509 |  |  | 47,343 |  |  |  |  |  |  |
Earnings per common share - basic | $ | 1.01 |  |  | $ | 1.06 |  |  |  |  |  |  |
Earnings per common share - diluted | $ | 1.00 |  |  | $ | 1.05 |  |  |  |  |  |  |
For the quarters ended March 31, 2025 and 2024 weighted-average restricted stock units with an anti-dilutive effect on earnings per share not included in the calculation amounted to 98 and zero, respectively. During the quarter ended March 31, 2025, OFG increased its quarterly common stock cash dividend to $0.30 per share from $0.25 per share at December 31, 2024.

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