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EARNINGS PER COMMON SHARE
 3 Months Ended
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,
20252024
(In thousands, except per share data)
Income available to common shareholders$45,572 $49,692 
Average common shares outstanding45,295 47,096 
Effect of dilutive securities:
Average potential common shares-options214 247 
Total weighted average common shares outstanding and equivalents45,509 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.