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✓ ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 Form 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( D ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31 , 2020 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( D ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-12647 OFG Bancorp Incorporated in the Commonwealth of Puerto Rico , IRS Employer Identification No. 66-0538893 Principal Executive Offices : 254 Muñoz Rivera Avenue San Juan , Puerto Rico 00918 Telephone Number : ( 787 ) 771-6800 Securities registered pursuant to Section 12 ( b ) of the Act : Trading Symbol ( s ) OFG Name of each exchange on which registered New York Stock Exchange Title of each class Common shares , par value $ 1.00 per share 7.125 % Noncumulative Monthly Income Preferred Stock , Series A ( $ 25.00 liquidation preference per share ) 7.0 % Noncumulative Monthly Income Preferred Stock , Series B ( $ 25.00 liquidation preference per share ) 7.125 % Noncumulative Perpetual Preferred Stock , Series D ( $ 25.00 liquidation preference per share ) OFG.PRA OFG.PRB OFG.PRD New York Stock Exchange New York Stock Exchange New York Stock Exchange Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes □ No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes No Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes No □ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site , if any , every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S - T ( § 232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit and post such files ) . Yes No □ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of “ large accelerated filer , " " accelerated filer ” and “ smaller reporting company ” in Rule 12b - 2 of the Exchange Act . ( Check one ) : Large accelerated filer Accelerated filer □ Non - accelerated filer ( Do not check if a smaller reporting company ) Emerging Growth Company ☐ Smaller reporting company □ If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act □ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes No The aggregate market value of the common stock held by non - affiliates of OFG Bancorp ( the " Company " ) was approximately $ 686.4 million as of June 30 , 2020 based upon 51,342,232 shares outstanding and the reported closing price of $ 13.37 on the New York Stock Exchange on that date . As of January 31 , 2021 , the Company had 51,393,477 shares of common stock outstanding .