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GOODWILL AND OTHER INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
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.
BankingWealth ManagementTreasuryTotal
(In thousands)
December 31, 2024$84,063 $178 $— $84,241 
September 30, 2025$84,063 $178 $— $84,241 

There were no changes in the carrying amount of goodwill during the quarters and nine-month periods ended September 30, 2025 and 2024. There were no accumulated impairment losses at September 30, 2025 and December 31, 2024.
Relevant events and circumstances for evaluating whether it is more likely than not that the fair value of a reporting segment is less than its carrying amount may include macroeconomic conditions (such as deterioration of the Puerto Rico economy or the liquidity for Puerto Rico securities or loans secured by assets in Puerto Rico), adverse changes in legal factors or in the business climate, adverse actions by a regulator, unanticipated competition, the loss of key employees, natural disasters, or similar events.
OFG performed its annual impairment review of goodwill during the fourth quarter of 2024 using October 31, 2024 as the annual evaluation date and concluded that there was no impairment at December 31, 2024. During the nine-month period ended September 30, 2025, OFG performed an assessment of events or circumstances that could trigger reductions in the book value of the goodwill. Based on this assessment, no impairments were identified at September 30, 2025.
The following table reflects the components of other intangible assets subject to amortization at September 30, 2025 and December 31, 2024:
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Value
(In thousands)
September 30, 2025
Core deposit intangibles$41,507 $33,016 $8,491 
Customer relationship intangibles12,693 10,097 2,595 
Total other intangible assets$54,200 $43,113 $11,086 
December 31, 2024
Core deposit intangibles$41,507 $30,187 $11,320 
Customer relationship intangibles12,693 9,231 3,462 
Total other intangible assets$54,200 $39,418 $14,782 

In connection with previous acquisitions, OFG recorded core deposit intangibles representing the value of checking and savings deposits acquired. In addition, OFG recorded customer relationship intangibles representing the value of customer relationships acquired with its acquisitions of insurance agencies. During the nine-month period ended September 30, 2025, OFG performed an assessment of events or circumstances that could trigger reductions in the book value of other intangible assets. Based on this assessment, no impairments were identified at September 30, 2025.
Other intangible assets have a definite useful life. Amortization of other intangible assets for the quarters ended September 30, 2025 and 2024, was $1.2 million and $1.5 million, respectively. Amortization of other intangible assets for the nine-month periods ended September 30, 2025 and 2024, was $3.7 million and $4.4 million, respectively.
The following table presents the estimated remaining amortization of other intangible assets as of September 30, 2025:
As of September 30, 2025(In thousands)
2025$1,232 
20263,942 
20272,956 
20281,971 
2029985 
$11,086