**UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 10-K/A**

**(Amendment No. 1)**

 ☑        **ANNUAL REPORT PURSUANT TOSECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934**** **

** **          **Forthe Fiscal Year Ended December 31, 2016**

**or**

 ☐        **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THESECURITIES EXCHANGE ACT OF 1934**

** **          **Forthe Transition Period fromto                     to                     .**

**Commission FileNo. 001-12647**

**OFG Bancorp**

*Incorporated in the Commonwealth of Puerto Rico*

**IRS EmployerIdentification No. 66-0538893**

**Principal ExecutiveOffices:**

**254 MuñozRivera Avenue**

**San Juan,Puerto Rico 00918**

**Telephone Number:(787) 771-6800**

 

**Securities Registered Pursuant to Section 12(b) ofthe Act:**

**Common Stock($1.00 par value per share)**

**7.125% NoncumulativeMonthly Income Preferred Stock, Series A** **($25.00 liquidation preference per share)**

**7.0% NoncumulativeMonthly Income Preferred Stock, Series B** **($25.00 liquidation preference per share)**

**8.75% NoncumulativeConvertible Perpetual Preferred Stock, Series C** **($1,000.00 liquidation preference per share)**

**7.125% NoncumulativePerpetual Preferred Stock, Series D** **($25.00 liquidation preference per share)**

**Securities RegisteredPursuant to Section 12(g) of the Act: None**

Indicateby check mark if the registrant is a well-known seasoned issuer, as defined inRule 405 of the Securities Act.    Yes   ☐         No   ☑   

Indicateby check mark if the registrant is not required to file reports pursuant toSection 13 or Section 15(d) of theAct.    Yes   ☐         No   ☑   

Indicateby check mark whether the registrant (1) has filed all reports required tobe filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past90 days.    Yes   ☑         No   ☐   

Indicateby check mark whether the registrant has submitted electronically and posted onits corporate Web site, if any, every Interactive Data File required to besubmitted and posted pursuant to Rule 405 of Regulation S-T(§ 232.405 of this chapter) during the preceding 12 months (or forsuch shorter period that the registrant was required to submit and post suchfiles).    Yes   ☑         No   ☐   

Indicateby check mark if disclosure of delinquent filings pursuant to Item 405 ofRegulation S-K is not contained herein, and will not be contained, to thebest of registrant’s knowledge, in definitive proxy or information statementsincorporated by reference in Part III of this Form 10-K or anyamendment to this Form 10-K.     ☐   

Indicate by check mark whether the registrant is alarge accelerated filer, an accelerated filer, a non-accelerated filer, or asmaller reporting company. See the definitions of “large accelerated filer,”“accelerated filer” and “smaller reporting company” in Rule 12b-2 of theExchange Act. (Check one): 

 

|                                                         |                                                                                                                                                                                                                                                                               |                                                                                                                                                                                |                                                                                                                                                                                |
|--------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Large accelerated filer  ☐.   |                      Accelerated filer  ☑                                                                                                       |                      Non-accelerated filer  ☐    |                      Smaller reporting  company  ☐    |
|                                                         |                                   (Do not check if a smaller reporting company) |

Indicateby check mark whether the registrant is a shell company (as defined inRule 12b-2 of the Exchange Act).    Yes   ☐         No   ☑   

Theaggregate market value of the common stock held by non-affiliates of OFGBancorp (the “Company”) was approximately $364.5 million as of June 30, 2016based upon 44,913,719 shares outstanding and the reported closing price of$8.30 on the New York Stock Exchange on that date. 

As of February28, 2017, the Company had 43,914,844 shares of common stock outstanding. 

 

**DOCUMENTS INCORPORATED BY REFERENCE**

Portions of the Company’s definitiveproxy statement relating to the 2017 annual meeting of shareholders areincorporated herein by reference in response to Items 10 through 14 ofPart III, except for certain information set forth herein under Item 12.

  

 

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