Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * FERNANDEZ JOSE RAFAEL	2. Issuer Name and Ticker or Trading Symbol OFG BANCORP [ OFG ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) CEO & Vice Chairperson BOD
(Last)          (First)          (Middle) PO BOX 195115	3. Date of Earliest Transaction (MM/DD/YYYY) 2/27/2023
(Street) SAN JUAN PUERTO RICO, PR 00919-5115 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	2/27/2023		M		7149.00	A	(1)	402363.688	D
Common Stock	2/27/2023		M		9617.00	A	(1)	411980.688	D
Common Stock	2/27/2023		M		6750.00	A	(1)	418730.688	D
Common Stock (2)	2/27/2023		M		32168.00	A	(1)	450898.688	D
Common Stock (3)	2/27/2023		F		3743.00	D	$29.42	447155.688	D
Common Stock (3)	2/27/2023		F		5018.00	D	$29.70	442137.688	D
Common Stock (3)	2/27/2023		F		3534.00	D	$29.70	438603.688	D
Common Stock (3)	3/27/2023		F		16840.00	D	$29.42	421763.688 (4)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Units (5)	(6)	2/27/2023		M			7149.00	(1)	(1)	Common Stock	7149.00	(1)	39484.00	D
Restricted Units (7)	(6)	2/27/2023		M			9617.00	(1)	(1)	Common Stock	9617.00	(1)	29867.00	D
Restricted Units (8)	(6)	2/27/2023		M			6750.00	(1)	(1)	Common Stock	6750.00	(1)	23117.00	D

Explanation of Responses:
(1)	Not applicable.
(2)	Represent shares of Common Stock received upon settlement of a performance share unit award on February18, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").
(3)	Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes.
(4)	In addition to the reporting person's direct beneficial ownership of 421,763.688 OFG shares, he also indirectly owns 20,152 OFG shares through a Non-Qualified Deferred Compensation Trust.
(5)	Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 18, 2020.
(6)	The Restricted Units convert to Common Stock on a one-for-one basis.
(7)	Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021.
(8)	Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
FERNANDEZ JOSE RAFAEL PO BOX 195115 SAN JUAN PUERTO RICO, PR 00919-5115	X		CEO & Vice Chairperson BOD

Signatures
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for FERNANDEZ JOSE RAFAEL		3/1/2023
**Signature of Reporting Person		Date

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).
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