# EDGAR Filing Document

**Accession Number:** 0001254550
**File Stem:** 0001030469-25-000039
**Filing Date:** 2025-7
**Character Count:** 8885
**Document Hash:** 5c91fcbefd33d08b6c8b08c766d32b9a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001030469-25-000039.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001030469-25-000039

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20250722

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** FERNANDEZ JOSE RAFAEL
- **CENTRAL INDEX KEY:** 0001254550

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12647
- **FILM NUMBER:** 251148015

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 195115
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00919-5115
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OFG BANCORP
- **CENTRAL INDEX KEY:** 0001030469
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 660538893
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 254 MU?OZ RIVERA AVENUE
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918
- **BUSINESS PHONE:** 7877716800

**MAIL ADDRESS:**
- **STREET 1:** 254 MU?OZ RIVERA AVENUE
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ORIENTAL FINANCIAL GROUP INC
- **DATE OF NAME CHANGE:** 19970110

## Ex-24

![](jrfernandez07212022pdf001.jpg)

LIMITED POWER OF ATTORNEY FOR SECTION 16 REPORTING OBLIGATIONS KNOW ALL MEN BY THESE PRESENTS, that the undersigned, Jose Rafael Fernandez a/k/a Jose R. Fernandez, hereby appoints Hugh Gonzalez, Ricardo Colon-Rios, Alfonso Cuesta and Nilda M. Vazquez-Rodriguez, or either of them acting singly, to be my true and lawful attorney-in-fact, for me and in my name, place, and stead, to prepare, execute, acknowledge, deliver and file Forms 3, 4, and 5 and amendments thereto with respect to securities of OFG Bancorp (the ?Company?), required to be filed with the Securities and Exchange Commission, national securities exchanges, and the Company in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules and regulations thereunder, granting unto said attorneys-in-fact full power and authority to perform all acts necessary to be done to complete such purposes. The undersigned acknowledges that the foregoing attorneys- in-fact, in serving in such capacity and on the behalf of the undersigned, are not assuming nor is the Company assuming, any of the undersigneds responsibilities to comply with, or any liability for the failure to comply with, any provision of Section 16 of the Securities Exchange Act. The undersigned agrees that the attorneys-in-fact herein, may rely entirely on information furnished orally or in writing by the undersigned, my brokers, the Company or any employee, officer or representative of the Company or any of its subsidiaries to such attorneys-in-fact. The undersigned also agrees to indemnify and hold harmless the Company and the attorneys-in-fact against any losses, claims, damages, or liabilities, (or actions in these respects) that arise out of or are based upon any untrue statement or omission of necessary facts in the information provided by the undersigned to the attorneys-in-fact for purposes of executing, acknowledging, delivering or filing Forms 3,4 or 5 (including amendments thereto) and agrees to reimburse the Company and the attorneys-in-fact herein for any legal or other expenses reasonably incurred in connection with investigating or defending against any such loss, claim, damage, liability or action. This Limited Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 or 5 with respect to the undersigneds holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to each of the foregoing attorneys-in-fact. For the avoidance of doubt, the validity of this Power of Attorney shall not be

------

![](jrfernandez07212022pdf002.jpg)

affected in any manner by reason of the execution, at any time, of other powers of attorney by the undersigned in favor of persons other than those named herein. IN WITNESS WHEREOF, the undersigned has executed this Limited Power of Attorney as of this 21 day of July,2022. Signed and acknowledged: /s/ Jose R. Fernandez ____________________________ Signature Jose Rafael Fernandez a/k/a Jose R. Fernandez

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>FERNANDEZ JOSE RAFAEL<br><sub>(Last) (First) (Middle)</sub><br>PO BOX 195115<br><sub>(Street)</sub><br>SAN JUAN PUERTO RICO, PR 00919-5115<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-07-22 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO; Chairman BOD_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>OFG BANCORP [ OFG ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2025-07-22 |  | G |  | 15000 | D | <sup>(1)</sup> | 215274.688 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) The transaction reported in this Form 4 represents a charitable donation of common stock by Mr. Fernandez, the Company's CEO and Chairperson.

**Signature:** /s/ Hugh Gonzalez, Attorney-in-Fact for FERNANDEZ JOSE RAFAEL  
**Date:** 2025-07-24

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**