Slides
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Quarterly Results 3Q26 Conference Call October 21, 2026
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Forward Looking Statements The information included in this document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and involve certain risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements. Factors that might cause such a difference include but are not limited to (i) general business and economic conditions, including changes in interest rates; (ii) cybersecurity breaches; (iii) hurricanes, earthquakes, pandemics and other natural disasters; and (iv) competition in the financial services industry. For a discussion of such factors and certain risks and uncertainties to which OFG is subject, please refer to OFG’s annual report on Form 10-K for the year ended December 31, 2025, as well as its other filings with the U.S. Securities and Exchange Commission. Other than to the extent required by applicable law, including the requirements of applicable securities laws, OFG assumes no obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements. Non-GAAP Financial Measures In addition to our financial information presented in accordance with GAAP, management uses certain “non-GAAP financial measures” within the meaning of the SEC Regulation G, to clarify and enhance understanding of past performance and prospects for the future. Please refer to Tables 8-1 and 8-2 in OFG’s Financial Supplement for a reconciliation of GAAP to non-GAAP measures and calculations for the quarter ended September 30, 2026 at www.ofgbancorp.com. 2
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Income Statement Balance Sheet (EOP) Capital Capital Actions • EPS $1.33 • Total Core Revenues $185.7M • NIM 5.23% • Provision $18.1M • Non-Interest Expense $96.3M • PPNR $89.9M • Total Assets $12.1B • Customer Deposits $9.7B • Loans Held for Investment $8.4B • New Loan Production $693.8M • Investments $2.7B • Cash $566.8M • CET1 14.10% • Tier 1 Risk-Based 14.10% • Total Risk-Based 15.36% • Leverage 11.44% • Buybacks: $13.5M of share repurchases 3Q26 Summary 3
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Digital at the Core: Leading Puerto Rico's Digital Banking Transformation 4
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Digital Banking at Scale: Delivering Value Every Day 5 Total Customers (3Q26 vs. 3Q25) • +4.7% net new retail and commercial • +24.2% active digital users • +2.1% digital loan payments • +10.6% virtual teller use Smart Banking Insights (YTD 9/30/26) • +1.5 million insights • +93% positive feedback Libre (YTD 9/30/26) • +7.1% total account growth • +17.6% growth of digital account openings My Biz (YTD 9/30/26) • +5.8% total account growth • +15.6% growth of digital and telephone account openings
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Performance Metrics 6 EPS $1.15 $1.16 $1.27 $1.26 $1.39 $1.33 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Efficiency Ratio 52.04%52.48% 56.65% 50.97% 54.04% 51.83% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ROAA 1.73% 1.69% 1.81% 1.78% 1.93% 1.86% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ROATCE 16.96%16.39% 17.20%16.43% 17.94% 17.06% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Loans/Deposits Ratio 81.8% 82.1% 81.7% 85.4% 85.0% 85.2% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Payout Ratio 25.9% 25.9% 23.2% 27.9% 25.2% 26.1% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26
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Income Statement ($M) 7 Total Core Revenues $182 $184 $185 $186 $190 $186 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Total Interest Income $194 $200 $197 $194 $197 $196 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Total Interest Expense $42 $45 $44 $40 $40 $42 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Non-Interest Expense $95 $97 $105 $95 $103 $96 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Tax Expense $14 $10 $(8) $15 $16 $15 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Core Non-Interest Income $30 $29 $33 $32 $33 $32 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26
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Balance Sheet 8 Loans ($B, Avg. Balance) $8.0 $8.1 $8.1 $8.2 $8.2 $8.3 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 New Loan Origination ($M) $784 $624 $606 $609 $755 $694 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Core Deposits ($B, Avg. Balance) $9.7 $9.9 $9.9 $9.6 $9.7 $9.7 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Cash ($M, Average Balance) $746 $785 $804 $661 $615 $644 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Investments ($B, Avg. Balance) $2.8 $2.8 $2.9 $2.8 $2.7 $2.7 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Brokered CDs & Borrowings ($M, Avg. Balance) $672 $769 $787 $929 $796 $841 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26
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Core Deposit Cost 1.42% 1.47% 1.42% 1.29% 1.29% 1.34% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Net Interest Margin 9 Loan Yield 7.91% 7.90% 7.73% 7.87% 7.90% 7.68% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Net Interest Margin 5.31% 5.24% 5.12% 5.36% 5.45% 5.23% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26
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Capital 10 CET1 Ratio 13.99%14.13%13.97%13.75%14.07%14.10% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 TCE Ratio 10.20% 10.55%10.47%10.66%10.90% 10.34% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Total Stockholder's Equity ($B) $1.33 $1.38 $1.39 $1.37 $1.41 $1.34 6/30/259/30/2512/31/253/31/266/30/269/30/26 TBV Per Common Share $27.67 $28.92 $29.96 $30.14 $31.12 $29.66 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Share Repurchases ($M) $7.7 $20.4 $40.1 $44.5 $— $13.5 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Cash Dividends Per Share $0.30 $0.30 $0.30 $0.35 $0.35 $0.35 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26
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Credit & Asset Quality 11 NCO Rate 0.64% 1.00% 1.32% 1.05% 1.40% 0.70% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 NPL Rate 1.19% 1.22% 1.59% 1.47% 0.81% 0.74% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Provision ($M) $21.7 $28.3 $31.9 $22.5 $13.0 $18.1 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Early Delinquency Rate 2.46% 2.84% 2.80% 2.21% 2.51% 2.65% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Total Delinquency Rate 3.59% 4.06% 4.18% 3.40% 3.68% 3.91% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Allowance for Credit Losses 2.32% 2.44% 2.47% 2.48% 2.27% 2.27% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26
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Outlook 12 Puerto Rico • Resilient economy, supported by healthy consumer and business liquidity, higher wages and historically low unemployment • Infrastructure projects and private investment continue to support economic activity • Manufacturing expansion and new on-shoring initiatives reinforce the long-term economic outlook • We remain attentive to evolving macroeconomic conditions, including higher energy costs, interest rates and inflation, while continuing to monitor broader geopolitical developments OFG • Our Digital at the Core strategy continues to drive customer growth and engagement, while simplifying how we operate and expanding our market opportunity • We continue to invest in people and technology to enhance the customer experience and scalability, and to drive long-term operating efficiencies • We see continued opportunities for disciplined loan growth, supported by healthy commercial activity, stable credit trends, and strong balance sheet fundamentals • Our strong capital position, methodical execution, and differentiated franchise position us well to navigate evolving market conditions
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Appendix
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14 Overview (September 30, 2026) Puerto Rico & U.S. Virgin Islands Footprint• Puerto Rico’s Digital Bank with a Human Touch • Differentiated challenger with fast, efficient and convenient service for both retail and commercial customers • 3rd largest bank in Puerto Rico by deposits1 • Founded in 1964, serving retail and commercial customers throughout Puerto Rico and the U.S. Virgin Islands • Proven leadership team with 30+ years of banking experience, deep market knowledge, and track record navigating local economic cycles 1. Deposit market share data per S&P Global as of 12/31/2025 2. Gross loans held-for-investment 3. Mortgage Servicing Portfolio 4. Non-GAAP financial measure. See Non-GAAP Financial Measures included in Financial Supplement for a reconciliation to this measure’s most directly comparable GAAP financial measure. 44 19 314 40 3 Mortgage 16% Commercial 45% Consumer 8% Auto 31% Demand 48% Savings 23% Time 26% Brokered CD 3% Gross Loans2 Total Deposits $10.0B$8.4B Scale (9/30/26) Profitability (3Q26) Capital (3Q26) Total Assets Gross Loans2 Total Deposits Wealth Mgmt. MSP3 Net Income ROAA ROATCE4 NIM Efficiency Ratio TCE4 TCE4 Ratio Leverage Ratio CET1 Ratio TRBC Ratio $12.1B $8.4B $10.0B $5.7B $5.7B $56.6M 1.9% 17.1% 5.2% 51.8% $1.2B 10.3% 11.4% 14.1% 15.4%
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History of Capital Management & Growth (EOP) • A consistent strategy of organic growth and disciplined acquisitions has built OFG into a scaled, island-wide franchise with a strong track record of market share growth 15 Loans ($B) $1.7 $5.2 $5.0 $4.8 $4.4 $4.1 $4.1 $4.4 $6.6 $6.5 $6.3 $6.7 $7.4 $7.6 $8.0 $8.3 2011201220132014201520162017201820192020202120222023202420253Q26 Assets ($B) $6.7 $9.2 $8.2 $7.4 $7.1 $6.5 $6.2 $6.6 $9.3 $9.8 $9.9 $9.8 $11.3$11.5 $12.5$12.1 2011201220132014201520162017201820192020202120222023202420253Q26 Customer Deposits ($B) $2.1 $4.8 $4.6 $4.3 $3.9 $4.1 $4.3 $4.4 $7.5 $8.4 $8.6 $8.6 $9.6 $9.4 $9.9 $9.7 2011201220132014201520162017201820192020202120222023202420253Q26 Stockholders' Equity ($B) $0.7 $0.9 $0.9 $0.9 $0.9 $0.9 $1.0 $1.0 $1.1 $1.1 $1.1 $1.0 $1.2 $1.3 $1.4 $1.3 2011201220132014201520162017201820192020202120222023202420253Q26
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3Q26 Asset Balance Evolution ($M) 16 $12,048 $77 $11 $(91) $110 $12,155 $150 $(2) $20 $(179) $12,144 3/31/2026 Loans Other Investments Cash 6/30/2026 Loans Other Investments Cash 9/30/2026
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3Q26 Loan Balance Evolution ($M)* 17 $8,235 $(6) $66 $9 $(7) $8,297 $(7) $170 $10 $(22) $8,448 3/31/2026 Mortgage Commercial Consumer Auto 6/30/2026 Mortgage Commercial Consumer Auto 9/30/2026 * Gross loans held-for-investment
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3Q26 Core Deposit Balance Evolution ($M) 18 $9,659 $555 $(10) $(460) $9,744 $137 $(81) $(136) $9,664 3/31/2026 Time Savings Demand 6/30/2026 Time Savings Demand 9/30/2026
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3Q26 Core Deposit Balance Evolution (Ex-Public Funds) ($M) 19 $8,398 $7 $37 $8,442 $1 $(49) $8,394 Mar-26 Retail Commercial Jun-26 Retail Commercial 9/30/2026
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Residential Mortgage Loans ($M) 20 $1,415 $1,400 $1,390 $1,374 $1,367 $1,360 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 $56 $42 $45 $42 $56 $50 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 $16.0 $17.7 $17.6 $18.1 $16.5 $16.1 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 -0.22% -0.13% -0.10% -0.09% -0.10% -0.06% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Portfolio NCO RateNPLs New Loan Origination
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$23 $23 $50 $50 $6 $11 $39 $38 $38 $34 $27 $15 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 $254 $217 $202 $200 $333 $258 $147 $116 $112 $103 $95 $122 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 0.00% 1.74% 0.01% 1.85% 0.71% -0.39%US 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Commercial Loans ($M) 21 $2,598 $2,553 $2,660 $2,681 $2,748 $2,927 $825 $832 $830 $872 $871 $863 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 0.02% 0.10% 1.11% 0.00% 2.01% 0.02% P.R. Portfolio New Loan Origination NCO RateNPLs
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Auto Loans ($M) $250 $173 $179 $195 $188 $177 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 22 $2,662 $2,647 $2,637 $2,630 $2,624 $2,602 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 1.11% 1.45% 1.81% 1.52% 1.11% 1.34% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 $15.0 $16.0 $20.8 $14.9 $14.6 $16.9 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Portfolio New Loan Origination NPLs NCO Rate
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Consumer Loans ($M) 23 $681 $686 $684 $678 $687 $697 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 $77 $76 $68 $68 $82 $88 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 $3.8 $4.2 $4.4 $3.8 $3.8 $3.7 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 3.50% 3.85% 4.55% 4.40% 3.78% 3.73% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Portfolio New Loan Origination NPLs NCO Rate
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ACL by % of Portfolio 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 Auto 3.26 % 3.44 % 3.51 % 3.48 % 3.39 % 3.51 % 3.52 % 3.51 % 3.59 % Commercial 1.19 % 1.46 % 1.52 % 1.61 % 1.87 % 1.90 % 1.94 % 1.47 % 1.44 % Residential Mortgages 0.83 % 0.74 % 0.70 % 0.66 % 0.78 % 0.72 % 0.70 % 0.69 % 0.69 % Consumer 4.71 % 4.76 % 4.81 % 4.82 % 4.92 % 4.90 % 4.87 % 4.91 % 4.95 % Total 2.08 % 2.26 % 2.31 % 2.32 % 2.44 % 2.47 % 2.48 % 2.27 % 2.27 % Allowance 2424 2.08% 2.26% 2.31% 2.32% 2.44% 2.47% 2.48% 2.27% 2.27% 9/30/2412/31/243/31/25 6/30/25 9/30/2512/31/253/31/26 6/30/26 9/30/26 ACL / Total Loans Held for Investment
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Core Non-Interest Income ($M) 25 $30.2 $29.3 $32.6 $32.0 $33.0 $32.2 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 $16.0 $15.9 $16.6 $16.9 $17.4 $17.7 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 $8.9 $9.0 $11.4 $8.9 $9.7 $9.4 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 $5.3 $4.3 $4.7 $6.1 $5.9 $5.1 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Total Banking Services Wealth Management Mortgage Banking
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Capital: Fortress Balance Sheet Basel III Standardized ($ in millions except per share) 3Q25 4Q25 1Q26 2Q26 3Q26 CET1 Capital $ 1,313.6 $ 1,318.6 $ 1,312.9 $ 1,359.9 $ 1,390.6 CET1 Capital Ratio 14.13 % 13.97 % 13.75 % 14.07 % 14.10 % Tier 1 Capital $ 1,313.6 $ 1,318.6 $ 1,312.9 $ 1,359.9 $ 1,390.6 Tier 1 Capital Ratio 14.13 % 13.97 % 13.75 % 14.07 % 14.10 % Total Capital $ 1,430.7 $ 1,437.6 $ 1,433.3 $ 1,481.5 $ 1,514.7 Total Capital Ratio 15.39 % 15.24 % 15.01 % 15.33 % 15.36 % Risk-Weighted Assets $ 9,298.6 $ 9,436.0 $ 9,550.9 $ 9,666.9 $ 9,863.7 Leverage Ratio 10.75 % 10.71 % 10.88 % 11.23 % 11.44 % Total Assets (EOP) $ 12,229.8 $ 12,465.7 $ 12,047.9 $ 12,154.6 $ 12,144.5 Tangible Common Equity (EOP) $ 1,280.1 $ 1,295.9 $ 1,273.8 $ 1,315.1 $ 1,245.7 Tangible Book Value Per Share $ 28.92 $ 29.96 $ 30.14 $ 31.12 $ 29.66 26
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Income Statement Highlights: 3Q26 vs. 2Q26 $ in millions 3Q26 2Q26 Δ Comment Total Interest Income • 3Q26 reflected $1.6 due to one extra day • Cash $ 5.9 $ 5.5 $ 0.4 • 5% higher average balance & 3 bps higher yield • Investment Securities 29.5 29.2 0.3 • 0.02% higher average balance & 3 bps higher yield • Loans 160.4 162.4 (2.0) • 0.45% higher average balance & 22 bps lower yield (2Q26 included $4.1 from three fully paid commercial loans) Total Interest Expense • 3Q26 reflected $0.4 due to one extra day • Core Deposits 32.9 31.2 1.7 • 0.16% higher average balance • Borrowings & Brokered Deposits 8.5 7.9 0.6 • 6% higher average balance Total Provision for Credit Losses 18.1 13.0 5.1 • 3Q26 reflected $17.5 for increased loan volume and $1.3 for seasonal increase in auto delinquency vs. 2Q26, which reflected $14.7 for increased loan volume and $1.9 in commercial loan recoveries Total Banking and Financial Service Revenues 32.2 33.0 (0.8) • 3Q26 reflected lower wealth management and mortgage banking revenues, partially offset by higher banking service revenues vs. 2Q26, which included $1.1 in annual insurance and annuity fees Total Non-Interest Expense 96.3 102.8 (6.5) • 3Q26 primarily reflected the absence of $5.8 in business related operational charges in 2Q26 Income Tax Expense 15.2 15.7 (0.5) • 3Q26 reflected ETR of 22.53% for 2026 Net Income Available to Common Shareholders $ 56.6 $ 58.8 $ (2.2) 27
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Income Statement Highlights: 3Q26 vs. 3Q25 $ in millions 3Q26 3Q25 Δ Comment Total Interest Income • Cash $ 5.9 $ 8.6 $ (2.7) • 18% lower average balance & 71 bps lower yield • Investment Securities 29.5 30.3 -0.8 • 4% lower average balance & 6 bps higher yield • Loans 160.4 161.3 -0.9 • 2% higher average balance & 22 bps lower yield Total Interest Expense • Core Deposits 32.9 36.5 (3.6) • 1% lower average balance &13 bps lower rate • Borrowings & Brokered Deposits 8.5 8.0 0.5 • 9% higher average balance & 10 bps lower rate Total Provision for Credit Losses 18.1 28.3 (10.2) • 3Q26 reflected $17.5 for increased loan volume and $1.3 for seasonal increase in auto delinquency vs. 3Q25, which reflected $13.5 for increased loan volume and $14.8 in other, previously reported items Total Banking & Financial Service Revenues 32.2 29.3 2.9 • 3Q26 reflected increased revenues in banking service, mortgage banking, and wealth management Total Non-Interest Expense 96.3 96.5 -0.2 • 3Q26 primarily reflected lower general and administrative expenses and occupancy, equipment and infrastructure costs, which more than offset higher compensation and employee benefits and a gain on foreclosed real estate in 3Q25 Income Tax Expense 15.2 9.5 5.7 • 3Q26 reflected ETR of 22.53% for 2026 Net Income Available to Common Shareholders $ 56.6 $ 51.8 $ 4.8 28
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Thank you. Contact: IR Coordinators Gary Fishman gfishman@ofgbancorp.com Michael Wichman mwichman@ofgbancorp.com 212-532-3232