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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | 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 |
March 31, 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 March 31, 2025 and December 31, 2024:
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
|  | (In thousands)
March 31, 2025 |  |  |  |  |  |
Core deposit intangibles |  | $ | 41,507 |  |  | $ | 31,130 |  |  | $ | 10,377 |
Customer relationship intangibles |  | 12,693 |  |  | 9,520 |  |  | 3,173 |
Total other intangible assets |  | $ | 54,200 |  |  | $ | 40,650 |  |  | $ | 13,550 |
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 March 31, 2025:
As of March 31, 2025 | (In thousands)
2025 | 3,696 |
2026 | 3,942 |
2027 | 2,956 |
2028 | 1,971 |
2029 | 985 |
| $ | 13,550 |

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