Bader Hijleh's questions to OFG Bancorp (OFG) leadership • Q4 2024
Question
Bader Hijleh of Piper Sandler requested an outlook for total fee income in 2025, details on the yields of new loan originations, and commentary on the potential risk of federal fund disbursements to Puerto Rico being slowed by a new administration.
Answer
CEO José Fernández highlighted strong momentum in wealth management and successful mitigation of Durbin's impact on banking fees, while acknowledging volatility in mortgage banking. He stated that new loan yields are trending only slightly lower, supporting the stable NIM guidance. Regarding federal funds, Fernández expressed low concern, noting that over 50% of funds have already been obligated, which significantly reduces the risk of a slowdown.