OFG Bancorp (OFG) 8-K Oriental Financial Group Reports Third Quarter Earnings of $0.83 Per Diluted Common Share

Exhibit 99

Puerto Rico Contact:
Marilyn Santiago-Colón,
Oriental Financial Group Inc.
(787) 993-4648

U.S. Contact:
Steven Anreder and Gary Fishman,
Anreder & Company
(212) 532-3232

ORIENTAL FINANCIAL GROUP REPORTS THIRD QUARTER
EARNINGS OF $0.83 PER DILUTED COMMON SHARE

SAN JUAN, Puerto Rico, October 22, 2009 — Oriental Financial Group Inc. (NYSE: OFG) today reported income available to common shareholders of $20.1 million for the third quarter ended September 30, 2009. Results reflect higher returns on average assets of 1.32% and average common equity of 28.12%, when compared with negative (2.99%) and (88.58%), respectively, in the third quarter of 2008. Diluted earnings per common share improved to $0.83 from a loss of ($1.89) in the year ago quarter.

“We had another excellent quarter as we: (1) continued to grow our core franchise, focusing on mid and high net worth customers; (2) continued to accumulate capital and increase liquidity, to position Oriental prudently in light of Puerto Rico’s economy, and also remain prepared for market opportunities; and (3) started to transition our investment strategy to a potentially rising interest rate environment,” said José Rafael Fernández, President and Chief Executive Officer.

Highlights

• Pre-tax operating income (net interest income after provision for loan losses, core non-interest income from banking and financial service revenues, less non-interest expenses) of approximately $15.4 million compared to $14.2 million in the year-ago quarter.

• Net interest income increased 17.3% compared to the year-ago quarter, due to an improvement in the net interest margin to 2.17% from 1.88% in the year-ago quarter, primarily reflecting lower cost of funds.

• Growth in core banking and financial service revenues of 18.3% compared to the year-ago quarter, mainly due to an increase of approximately $1.3 million in mortgage banking activities. The Group also experienced sustained growth in retail deposits of $100.6 million (7.7%) on a sequential quarter basis and $321.3 million (29.7%) on a year-to-date basis.

• Benefitting from the strategic positioning of its investment securities portfolio, the Group took advantage of market conditions during the quarter to realize gains on sales of securities of $35.5 million. These gains more than offset a $17.6 million charge for early termination of $200 million in high-cost repurchase agreements, as previously announced, and credit-related other than temporary impairment charges of $8.3 million on non-agency mortgage-backed securities.

• Proceeds from these sales of securities have been used in a combination of strategies to position Oriental for a potential increase in interest rates, while maintaining the flexibility to take advantage of local market opportunities. These strategies include keeping higher levels of short-term money market instruments, and investing in seasoned U.S. agency mortgage-backed securities and short-to-intermediate maturing U.S. agency debentures.

• Stockholders’ equity increased $22.9 million during the quarter and $121.3 million since December 31, 2008, representing an increase of 46.4% on a year-to-date basis. Book value per common share increased to $12.98, from $12.04 at June 30, 2009 and $7.96 at December 31, 2008.

• Non-interest expenses fell 7.8% from the second quarter, which included an industry-wide FDIC special assessment on insured depository institutions.

Capital

At September 30, 2009, stockholders’ equity totaled $382.6 million, 58.1% and 6.4% higher than the year ago quarter and the preceding quarter, respectively. Tangible common equity to risk-weighted assets was 9.95% compared to 8.86% in the previous quarter.

The Group maintains capital ratios in excess of regulatory requirements. At September 30, 2009, the Leverage Capital Ratio was 7.69% (1.92 times the requirement of 4.00%) ; Tier I Risk-Based Capital Ratio was 15.80% (3.95 times the requirement of 4.00%) , and the Total Risk-Based Capital Ratio was 16.45% (2.06 times the requirement of 8.00%) . In dollars, Leverage Capital and Tier 1 Risk-Based Capital was $496.5 million, and Total Risk-Based Capital was $516.7 million, an increase from the previous quarter of $18.6 million and $22.1 million, respectively. The Group’s banking subsidiary is categorized as “well-capitalized” under the regulatory framework.

The Financial Service-Banking Franchise

The Group’s niche market approach to the integrated delivery of services to mid and high net worth clients performed well as Oriental expanded market share based on its service proposition and capital strength, as opposed to using rates to attract loans or deposits.

Lending

Total loan production and purchases of $69.2 million for the quarter remained strong, as the Group’s capital levels and low credit losses enabled it to continue prudent lending. The average FICO score was 724 and the average loan to value ratio was 84% on residential mortgage loans originated in the quarter.

The Group sells most of its conforming mortgages, which represented 94% of third quarter production, into the secondary market, and retains servicing rights. As a result, mortgage banking activities now reflect originations as well as a growing servicing portfolio, a source of recurring revenue.

Deposits

Growth in retail deposits primarily reflects increases in demand and savings deposits of $97.5 million in the quarter and $338.7 million year to date. Oriental also reduced brokered deposits by $55.4 million in the quarter and $164.4 million year to date.

Assets Under Management

Assets under management, which generate recurring fees, increased 5.19% from June 30, 2009, to $2.99 billion, reflecting increased market valuations and the Group being awarded two new large trust accounts that added approximately $75 million in managed assets. These increases contributed to 14.6% sequential growth in financial service revenues.

Credit Quality

Net credit losses declined by 54.69%, to $0.9 million (0.32% of average loans outstanding), from $2.1 million (0.70%), in the previous quarter. The Group increased its provision for loan losses to $4.4 million, mainly due to an increase in non-performing commercial loans, resulting in a $20.2 million allowance at September 30, 2009, up 20.68% from the preceding quarter.

Non-performing loans (NPLs) increased $3.2 million in the quarter. The Group’s NPLs generally reflect the economic environment in Puerto Rico. The Group does not expect non-performing loans to result in significantly higher losses as most are well-collateralized with adequate loan-to-value ratios. In residential mortgage lending, more than 90% of the Group’s portfolio consists of fixed-rate, fully amortizing, fully documented loans that do not have the level of risk generally associated with subprime loans. In commercial lending, more than 90% of its loans are collateralized by real estate.

Investment Securities Portfolio

Approximately 87% of the investment securities portfolio consists of fixed-rate mortgage-backed securities or notes, guaranteed or issued by FNMA, FHLMC, or GNMA and U.S. agency senior debt obligations, backed by a U.S. government sponsored entity or the full faith and credit of the U.S. government (85%), and Puerto Rico Government and agency obligations (2%). The remaining balance consists of non-agency collateralized mortgage obligations (10%) and structured credit investments (3%).

Non-GAAP Financial Measures

From time to time, the Group uses certain non-GAAP measures of financial performance to supplement the financial statements presented in accordance with GAAP. The Group presents non-GAAP measures when we believe that the additional information is useful and meaningful to investors. Non-GAAP measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The presentation of non-GAAP measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP.

We have reported and discussed our results of operations herein both on a GAAP basis and on a pre-tax operating income basis (as defined on page 1 of this release). We believe that, given the nature of the items excluded from the definition of pre-tax operating income, it is useful to state what our results of operations would have been without them so that investors can see the financial trends from our continuing business.

Tangible common equity consists of common equity less goodwill. Management believes that the ratios of tangible common equity to total assets and to risk-weighted assets assist investors in analyzing the Group’s capital position.

Conference Call

A conference call to discuss the Group’s results, outlook and related matters will be held on Friday, October 23, 2009 at 10:00 am (ET). The call will be accessible live via a webcast on the Group’s Investor Relations website atwww.orientalfg.com. A webcast replay will be available shortly thereafter. Access the webcast link in advance to download any necessary software.

About Oriental Financial Group

Oriental Financial Group Inc. is a diversified financial holding company operating under U.S. and Puerto Rico banking laws and regulations. Now in its 45^th year in business, Oriental provides a full range of mortgage, commercial and consumer banking services through 21 Oriental Group financial centers in Puerto Rico, as well as financial planning, trust, insurance, investment brokerage and investment banking services. Investor information about Oriental can be found atwww.orientalfg.com.

Forward-Looking Statements

This news release may contain forward-looking statements that reflect management’s beliefs and expectations and are subject to risks and uncertainties inherent to the Group’s business, including, without limitation, the effect of economic and market conditions, the level and volatility of interest rates, and other risks and considerations detailed in the Group’s filings with the Securities and Exchange Commission. These or other factors could cause actual results to differ materially from forward-looking statements. The Group also disclaims any obligations to update information contained in this news release because of developments occurring after the date of issuance.

# # #

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

	QUARTER ENDED												NINE-MONTH PERIOD ENDED
Summary of Operations (Dollars in thousands, except per share data):	30-Sep-09			30-Sep-08			%			30-Jun-09			30-Sep-09			30-Sep-08			%
Interest Income:
Loans	$	18,251		$	19,971			-8.6	%	$	18,707		$	55,278		$	59,481			-7.1	%
Mortgage-backed securities		48,750			47,040			3.6	%		51,721			151,179			134,306			12.6	%
Investment securities		11,412			17,440			-34.6	%		11,432			37,567			56,457			-33.5	%
Short term investments		140			293			-52.2	%		191			511			1,759			-70.9	%
Total interest income		78,553			84,744			-7.3	%		82,051			244,535			252,003			-3.0	%
Interest Expense:
Deposits		13,990			12,202			14.7	%		14,149			41,962			36,746			14.2	%
Securities sold under agreements to repurchase		27,209			40,456			-32.7	%		27,929			90,937			120,904			-24.8	%
Advances from FHLB, term notes, and other borrowings		3,106			3,505			-11.4	%		3,075			9,277			11,042			-16.0	%
FDIC-guaranteed term notes		1,021			—			100.0	%		1,021			2,154			—			100.0	%
Subordinated capital notes		333			540			-38.3	%		389			1,158			1,776			-34.8	%
Total interest expense		45,659			56,703			-19.5	%		46,563			145,488			170,468			-14.7	%
Net interest income		32,894			28,041			17.3	%		35,488			99,047			81,535			21.5	%
Provision for loan losses		4,400			1,950			125.6	%		3,650			11,250			5,580			101.6	%
Net interest income after provision for loan losses		28,494			26,091			9.2	%		31,838			87,797			75,955			15.6	%
Non-Interest Income:
Financial service revenues		3,764			3,756			0.2	%		3,285			10,163			12,496			-18.7	%
Banking service revenues		1,422			1,406			1.1	%		1,583			4,381			4,328			1.2	%
Investment banking revenues (losses)		—			200			-100.0	%		8			(4	)		950			-100.4	%
Mortgage banking activities		2,232			910			145.3	%		2,806			7,191			2,461			192.2	%
Total banking and financial service revenues		7,418			6,272			18.3	%		7,682			21,731			20,235			7.4	%
Net gain (loss) on:
Sales of securities		35,528			386			9104.1	%		10,520			56,388			9,908			469.1	%
Other than temporary impairments on securities		(8,259	)		(58,804	)		86.0	%		(4,416	)		(12,675	)		(58,804	)		78.4	%
Derivatives		(64	)		(5,522	)		98.8	%		19,408			19,778			(13,247	)		249.3	%
Early extinguishment of repurchase agreements		(17,551	)		—			-100.0	%		—			(17,551	)		—			-100.0	%
Trading securities		(505	)		(31	)		-1529.0	%		12,959			12,427			(32	)		38934.4	%
Foreclosed real estate		(278	)		58			-579.3	%		(136	)		(576	)		(452	)		-27.4	%
Other investments		10			16			-37.5	%		11			34			132			-74.2	%
Other		21			609			-96.6	%		23			60			608			-90.1	%
Total non-interest income		16,320			(57,016	)		128.6	%		46,051			79,616			(41,652	)		291.1	%
Non-Interest Expenses:
Compensation and employee benefits		7,882			7,742			1.8	%		8,020			23,626			23,281			1.5	%
Occupancy and equipment		3,747			3,561			5.2	%		3,758			10,994			10,213			7.6	%
Professional and service fees		2,459			2,457			0.1	%		2,394			7,461			6,604			13.0	%
Insurance		1,273			618			106.0	%		3,472			5,560			1,799			209.1	%
Advertising and business promotion		1,097			847			29.5	%		1,028			3,329			2,757			20.7	%
Taxes, other than payroll and income taxes		834			644			29.5	%		649			2,129			1,862			14.3	%
Electronic banking charges		471			428			10.0	%		596			1,607			1,242			29.4	%
Loan servicing expenses		397			352			12.8	%		388			1,167			1,022			14.2	%
Communication		382			314			21.7	%		402			1,163			964			20.6	%
Directors and investor relations		348			273			27.5	%		332			1,029			854			20.5	%
Clearing and wrap fees expenses		293			294			-0.3	%		237			860			901			-4.6	%
Printing, postage, stationery and supplies		194			214			-9.3	%		215			665			736			-9.6	%
Other		1,109			453			144.8	%		723			2,381			1,772			34.4	%
Total non-interest expenses		20,486			18,197			12.6	%		22,214			61,971			54,007			14.7	%
Income (loss) before income taxes		24,328			(49,122	)		149.5	%		55,675			105,442			(19,704	)		635.1	%
Income tax expense (benefit)		3,001			(4,226	)		171.0	%		4,761			8,452			(6,083	)		238.9	%
Net income (loss)		21,327			(44,896	)		147.5	%		50,914			96,990			(13,621	)		812.1	%
Less: Dividends on preferred stock		(1,201	)		(1,200	)		—			(1,200	)		(3,602	)		(3,601	)		—
Income available (loss) to common shareholders	$	20,127		$	(46,096	)		143.7	%	$	49,714		$	93,388		$	(17,222	)		642.3	%

Page 1 of 5

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

	QUARTER ENDED												NINE-MONTH PERIOD ENDED
(Dollars in thousands, except per share data):	30-Sep-09			30-Sep-08			%			30-Jun-09			30-Sep-09			30-Sep-08			%
INCOME (LOSS) PER COMMON SHARE
Basic	$	0.83			($1.90	)		143.7	%	$	2.05		$	3.85			($0.71	)		642.3	%
Diluted	$	0.83			($1.89	)		143.9	%	$	2.04		$	3.84			($0.71	)		640.8	%
COMMON STOCK DATA
Average common shares outstanding		24,303			24,292			0.0	%		24,303			24,284			24,249			0.1	%
Average potential common shares-options		65			82			-20.1	%		15			17			100			-82.9	%
Total average shares outstanding and equivalents		24,368			24,374			0.0	%		24,318			24,301			24,349			-0.2	%
Cash dividends per share of common stock	$	0.04		$	0.14			-71.4	%	$	0.04		$	0.12		$	0.42			-71.4	%
Cash dividends declared on common shares	$	972		$	3,402			-71.4	%	$	972		$	2,916		$	10,206			-71.4	%
Pay-out ratio		4.82	%		-7.41	%		165.1	%		1.96	%		3.13	%		-59.15	%		105.3	%
SELECTED FINANCIAL DATA
PERFORMANCE RATIOS:
Return on average assets		1.32	%		-2.99	%		144.1	%		3.05	%		1.98	%		-0.30	%		760.0	%
Return on average common equity		28.12	%		-88.58	%		131.7	%		80.89	%		51.61	%		-8.97	%		675.2	%
Efficiency ratio		50.82	%		53.03	%		-4.2	%		51.43	%		51.31	%		53.07	%		-3.3	%
TAX EQUIVALENT SPREAD
Interest-earning assets		5.19	%		5.67	%		-8.5	%		5.30	%		5.31	%		5.64	%		-5.9	%
Tax equivalent adjustment		1.79	%		1.87	%		-4.3	%		1.75	%		1.75	%		1.80	%		-2.8	%
Interest-earning assets — tax equivalent		6.98	%		7.54	%		-7.4	%		7.05	%		7.06	%		7.44	%		-5.1	%
Interest-bearing liabilities		3.12	%		4.04	%		-22.8	%		3.13	%		3.30	%		4.08	%		-19.1	%
Tax equivalent interest rate spread		3.86	%		3.50	%		10.3	%		3.92	%		3.76	%		3.36	%		11.9	%
Tax equivalent interest rate margin		3.96	%		3.74	%		5.9	%		4.04	%		3.90	%		3.62	%		7.7	%
NORMAL SPREAD
Investments		4.94	%		5.45	%		-9.4	%		5.07	%		5.10	%		5.40	%		-5.6	%
Loans		6.24	%		6.52	%		-4.3	%		6.27	%		6.21	%		6.57	%		-5.5	%
Interest-earning assets		5.19	%		5.67	%		-8.5	%		5.30	%		5.31	%		5.64	%		-5.9	%
Deposits		3.10	%		3.41	%		-9.1	%		3.25	%		3.21	%		3.61	%		-11.1	%
Borrowings		3.13	%		4.26	%		-26.5	%		3.08	%		3.33	%		4.24	%		-21.5	%
Interest-bearing liabilities		3.12	%		4.04	%		-22.8	%		3.13	%		3.30	%		4.08	%		-19.1	%
			��
Interest rate spread		2.07	%		1.63	%		27.0	%		2.17	%		2.01	%		1.56	%		28.8	%
Interest rate margin		2.17	%		1.88	%		15.4	%		2.29	%		2.15	%		1.82	%		18.1	%
AVERAGE BALANCES
Investments	$	4,886,104		$	4,756,244			2.7	%	$	4,998,921		$	4,949,814		$	4,749,345			4.2	%
Loans		1,169,558			1,224,318			-4.5	%		1,193,396			1,185,919			1,207,872			-1.8	%
Interest-earning assets	$	6,055,662		$	5,980,562			1.3	%	$	6,192,317		$	6,135,733		$	5,957,217			3.0	%
Deposits	$	1,803,455		$	1,433,129			25.8	%	$	1,743,799		$	1,742,744		$	1,355,994			28.5	%
Borrowings		4,052,469			4,179,005			-3.0	%		4,215,544			4,144,278			4,209,175			-1.5	%
Interest-bearing liabilities	$	5,855,924		$	5,612,134			4.3	%	$	5,959,343		$	5,887,022		$	5,565,169			5.8	%

Page 2 of 5

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

	AS OF
(Dollars in thousands)	30-Sep-09			30-Sep-08			%			30-Jun-09			31-Dec-08
BALANCE SHEET
Cash and due from banks	$	170,443		$	40,382			322.1	%	$	307,062		$	66,372
Interest-earning assets:
Investments:
Trading securities		39			1,061			-96.3	%		904			256
Investment securities available-for-sale, at fair value with amortized cost of $4,604,048 (September 30, 2008 - $3,403,608, June 30, 2009 - $5,064,700, December 31, 2008 - $4,052,574 )
FNMA and FHLMC certificates		2,601,515			1,488,534			74.8	%		2,768,465			1,546,750
Obligations of US Government sponsored agencies		695,912			752,819			-7.6	%		921,247			941,916
Non-agency collateralized mortgage obligations		457,216			587,154			-22.1	%		476,192			529,664
CMO’s issued by US Government sponsored agencies		302,502			321,015			-5.8	%		319,091			351,026
GNMA certificates		229,760			77,978			194.6	%		258,721			335,781
Structured credit investments		141,259			64,727			118.2	%		143,823			136,181
Puerto Rico Government and agency obligations		64,462			15,593			313.4	%		62,981			82,889
												��
Total investment securities available-for-sale		4,492,626			3,307,820			35.8	%		4,950,520			3,924,207
Investment securities held-to-maturity, at amortized cost with fair value of $1,171,853 at September 30, 2008
FNMA and FHLMC certificates		—			564,918			-100.0	%		—			—
CMO’s issued by US Government sponsored agencies		—			121,560			-100.0	%		—			—
Obligations of US Government sponsored agencies		—			224,857			-100.0	%		—			—
GNMA certificates		—			148,874			-100.0	%		—			—
Structured credit investments		—			76,300			-100.0	%		—			—
Puerto Rico Government and agency obligations		—			55,162			-100.0	%		—			—
Total investment securities held-to-maturity		—			1,191,671			-100.0	%		—			—
Federal Home Loan Bank (FHLB) stock, at cost		19,937			19,812			0.6	%		19,937			21,013
Other investments		150			150			—			150			150
Total investments		4,512,752			4,520,514			-0.2	%		4,971,511			3,945,626
Loans:
Mortgage loans		932,696			1,003,022			-7.0	%		946,439			1,000,076
Commercial loans		195,034			177,687			9.8	%		199,136			187,077
Consumer loans		21,446			23,832			-10.0	%		20,982			23,054
Loans receivable, gross		1,149,176			1,204,541			-4.6	%		1,166,557			1,210,207
Less: Deferred loan fees, net		(3,305	)		(3,388	)		2.5	%		(3,651	)		(3,364	)
Loans receivable		1,145,871			1,201,152			-4.6	%		1,162,906			1,206,843
Allowance for loan losses		(20,176	)		(12,466	)		-61.8	%		(16,718	)		(14,293	)
Loans receivable, net		1,125,695			1,188,686			-5.3	%		1,146,188			1,192,550
Mortgage loans held for sale		26,213			31,152			-15.9	%		40,886			26,562
Total loans, net		1,151,908			1,219,838			-5.6	%		1,187,074			1,219,112
Total interest-earning assets		5,664,660			5,740,352			-1.3	%		6,158,585			5,164,738
Securities sold but not yet delivered		417,280			4,857			8491.8	%		360,764			834,976
Accrued interest receivable		39,970			38,104			4.9	%		37,785			43,914
Deferred tax asset, net		26,590			22,577			17.8	%		25,756			28,463
Premises and equipment, net		20,202			20,911			-3.4	%		20,706			21,184
Foreclosed real estate		8,319			8,220			1.2	%		9,174			9,162
Prepaid expenses		6,720			10,955			-38.7	%		7,605			3,433
Servicing asset		6,135			3,004			104.2	%		5,242			2,819
Debt issuance costs		3,839			884			100.0	%		4,146			875
Mortgage tax credits		3,819			—			100.0	%		3,819			5,047
Investment in equity indexed options		5,983			13,548			-55.8	%		2,412			12,801
Goodwill		2,006			2,006			—			2,006			2,006
Investment in statutory trust		1,086			1,085			0.1	%		1,086			1,086
Accounts receivable and other assets		4,309			7,780			-44.6	%		4,156			8,660
Total assets	$	6,381,361		$	5,914,666			7.9	%	$	6,950,304		$	6,205,536
Interest-bearing liabilities:
Deposits:
Non-interest bearing demand deposits	$	73,413		$	56,478			30.0	%	$	61,878		$	53,056
Interest-bearing savings and demand deposits		769,119			454,438			69.2	%		683,124			450,786
Individual retirement accounts		307,717			285,635			7.7	%		298,925			286,691
Retail certificates of deposit		253,644			267,791			-5.3	%		259,326			292,046
Total Retail Deposits		1,403,893			1,064,342			31.9	%		1,303,253			1,082,579
Institutional deposits		160,243			148,500			7.9	%		139,684			184,283
Brokered deposits		354,085			304,948			16.1	%		409,509			518,438
Total deposits		1,918,221			1,517,789			26.4	%		1,852,446			1,785,300

Page 3 of 5

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

	AS OF
(Dollars in thousands)	30-Sep-09			30-Sep-08			%			30-Jun-09			31-Dec-08
Borrowings:
Federal funds purchased and other short term borrowings		35,269			41,026			-14.0	%		27,748			29,193
Securities sold under agreements to repurchase		3,557,086			3,770,755			-5.7	%		3,757,510			3,761,121
Advances from FHLB		281,741			281,724			—			281,718			308,442
FDIC-guaranteed term notes		105,112			—			100.0	%		105,834			—
Subordinated capital notes		36,083			36,083			—			36,083			36,083
Total borrowings		4,015,291			4,129,588			-2.8	%		4,208,893			4,134,839
Total interest-bearing liabilities		5,933,512			5,647,377			5.1	%		6,061,339			5,920,139
Securities purchased but not yet received		30,945			—			100.0	%		497,360			398
Accrued expenses and other liabilities		34,335			25,271			35.9	%		31,971			23,682
Total liabilities		5,998,792			5,672,648			5.7	%		6,590,670			5,944,219
Preferred Equity		68,000			68,000			—			68,000			68,000
Common Equity:
Common stock		25,739			25,738			—			25,739			25,739
Additional paid-in capital		213,264			212,511			0.4	%		212,962			212,625
Legal surplus		52,659			40,573			29.8	%		48,771			43,016
Retained earnings		146,421			17,868			719.5	%		131,154			51,233
Treasury stock, at cost		(17,147	)		(17,142	)		—			(17,152	)		(17,109	)
Accumulated other comprehensive loss		(106,367	)		(105,530	)		-0.8	%		(109,840	)		(122,187	)
Total common equity		314,569			174,018			80.8	%		291,634			193,317
Total Stockholders’ equity		382,569			242,018			58.1	%		359,634			261,317
Total liabilities and stockholders’ equity	$	6,381,361		$	5,914,666			7.9	%	$	6,950,304		$	6,205,536
CAPITAL RATIOS
Leverage Capital Ratio		7.69	%		5.98	%		28.6	%		7.31	%		6.38	%
Leverage Capital Ratio Required		4.00	%		4.00	%					4.00	%		4.00	%
Actual Tier 1 Capital	$	496,541		$	359,165			38.2	%	$	477,913		$	389,235
Tier 1 Capital Required	$	258,445		$	240,281			7.6	%	$	261,547		$	244,101
Excess over regulatory requirement	$	238,096		$	118,884			100.3	%	$	216,366		$	145,134
Tier 1 Risk-Based Capital Ratio		15.80	%		15.93	%		-0.8	%		14.62	%		17.11	%
Tier 1 Risk-Based Capital Ratio Required		4.00	%		4.00	%					4.00	%		4.00	%
Actual Tier 1 Risk-Based Capital	$	496,541		$	359,165			38.2	%	$	477,913		$	389,235
Tier 1 Risk-Based Capital Required	$	125,669		$	90,168			39.4	%	$	130,774		$	91,022
Excess over regulatory requirement	$	370,872		$	268,997			37.9	%	$	347,139		$	298,213
Total Risk-Based Capital Ratio		16.45	%		16.49	%		-0.2	%		15.13	%		17.73	%
Total Risk-Based Capital Ratio Required		8.00	%		8.00	%					8.00	%		8.00	%
Actual Total Risk-Based Capital	$	516,717		$	371,631			39.0	%	$	494,631		$	403,523
Total Risk-Based Capital Required	$	251,339		$	180,336			39.4	%	$	261,548		$	182,044
Excess over regulatory requirement	$	265,378		$	191,295			38.7	%	$	233,083		$	221,479
Tangible common equity to total assets		4.90	%		2.91	%		68.4	%		4.17	%		3.08	%
Tangible common equity to risk-weighted assets		9.95	%		7.63	%		30.4	%		8.86	%		8.40	%
Total equity to total assets		6.00	%		4.09	%		46.7	%		5.17	%		4.21	%
Total equity to risk-weighted assets		12.18	%		10.74	%		13.4	%		11.00	%		11.47	%
SELECTED FINANCIAL DATA AT PERIOD-END
Common shares outstanding at end of period		24,232			24,293			-0.2	%		24,230			24,297
Book value per common share	$	12.98		$	7.16			81.2	%	$	12.04		$	7.96
Trust Assets Managed		1,759,464			1,839,702			-4.4	%	$	1,677,344		$	1,706,286
Broker-Dealer Assets Gathered		1,235,341			1,236,760			-0.1	%		1,169,775			1,195,739
Total Assets Managed		2,994,805			3,076,462			-2.7	%		2,847,119			2,902,025
Assets owned		6,381,361			5,914,666			7.9	%		6,950,304			6,205,536
Total financial assets managed and owned	$	9,376,166		$	8,991,128			4.3	%	$	9,797,423		$	9,107,561
Number of financial centers		21			23			-8.7	%		23			23

Page 4 of 5

ORIENTAL FINANCIAL GROUP
Financial Summary
(NYSE: OFG)

	QUARTER ENDED												NINE-MONTH PERIOD ENDED
(Dollars in thousands)	30-Sep-09			30-Sep-08			%			30-Jun-09			30-Sep-09			30-Sep-08			%
Loan Production and Purchases Summary:
Mortgage loans production	$	54,507		$	56,109			-2.9	%	$	60,276		$	180,514		$	176,236			2.4	%
Mortgage loans purchased		1,717			—			100.0	%		3,651			7,544			5,173			45.8	%
Total mortgage		56,224			56,109			0.2	%		63,927			188,058			181,409			3.7	%
Commercial		10,518			10,894			-3.5	%		7,519			36,104			41,802			-13.6	%
Consumer		2,426			947			156.2	%		2,075			5,806			3,601			61.2	%
Total loan production and purchases	$	69,168		$	67,950			1.8	%	$	73,521		$	229,968		$	226,812			1.4	%
CREDIT DATA
Net credit losses:
Mortgage	$	544		$	648			-16.1	%	$	767		$	2,706		$	1,128			139.9	%
Commercial		70			54			30.0	%		1,099			1,767			182			870.6	%
Consumer		328			667			-50.8	%		213			894			1,965			-54.5	%
Total net credit losses	$	942		$	1,369			-31.2	%	$	2,079		$	5,367		$	3,275			63.9	%
Net credit losses to average loans outstanding		0.32	%		0.45	%		-28.9	%		0.70	%		0.60	%		0.36	%		66.7	%

	AS OF
	30-Sep-09			30-Sep-08			%			30-Jun-09
Allowance for loan losses	$	20,176		$	12,466			61.8	%	$	16,718
Allowance coverage ratios:
Allowance for loan losses to total loans		1.72	%		1.01	%		70.3	%		1.39	%
Allowance for loan losses to non-performing loans		21.67	%		18.16	%		19.3	%		18.60	%
Allowance for loan losses to non-residential non-performing loans		211.40	%		301.99	%		-30.0	%		216.69	%
Non-performing assets summary:
Mortgage	$	83,551		$	64,513			29.5	%	$	82,162
Commercial, mainly real estate		8,792			3,308			165.8	%		6,868
Consumer		752			820			-8.3	%		847
Non-performing loans		93,094			68,641			35.6	%		89,877
Foreclosed properties		8,319			8,220			1.2	%		9,174
Non-performing assets	$	101,413		$	76,861			31.9	%	$	99,051
Non-performing loans to total loans		7.94	%		5.57	%		42.5	%		7.47	%
Non-performing loans to total assets		1.46	%		1.16	%		25.9	%		1.29	%
Non-performing assets to total assets		1.59	%		1.30	%		22.3	%		1.43	%
Non-performing assets to total capital		26.51	%		31.76	%		-16.5	%		24.99	%

Page 5 of 5