Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 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 ^*

Gonzalez Hugh

2. Date of Event Requiring Statement (MM/DD/YYYY) 1/25/2023

3. Issuer Name and Ticker or Trading Symbol

OFG BANCORP [OFG]

(Last) (First) (Middle)

P.O. BOX 195115

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director _____ 10% Owner
___X___ Officer (give title below) _____ Other (specify below)
General Counsel /

(Street)

SAN JUAN, PR 00919-5115

(City) (State) (Zip)

5. 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 Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	6670.00	D

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Qualified Stock Options ⁽¹⁾	⁽²⁾	2/24/2025	Common Stock	1400.00	$17.44	D
Qualified Stock Options ⁽¹⁾	⁽²⁾	2/27/2024	Common Stock	1400.00	$16.10	D
Restricted Units ⁽³⁾	⁽⁵⁾	⁽⁵⁾	Common Stock	317.00	⁽⁴⁾	D
Restricted Units ⁽³⁾	⁽⁶⁾	⁽⁶⁾	Common Stock	667.00	⁽⁴⁾	D
Restricted Units ⁽³⁾	⁽⁷⁾	⁽⁷⁾	Common Stock	1200.00	⁽⁴⁾	D

Explanation of Responses:
(1)	Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan"). These options represent a right to buy the underlying securities.
(2)	These Qualified Stock Options are fully exercisable.
(3)	Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.
(4)	Not applicable. The reporting person is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
(5)	Subject to the provisions of the Plan, the Restricted Period of the 950 Restricted Units originally awarded on February 18, 2020, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.
(6)	Subject to the provisions of the Plan, the Restricted Period of the 1,000 Restricted Units originally awarded on February 17, 2021, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.
(7)	Subject to the provisions of the Plan, the Restricted Period of the 1,200 Restricted Units originally awarded on February 22, 2022, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Gonzalez Hugh P.O. BOX 195115 SAN JUAN, PR 00919-5115			General Counsel

Signatures
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Gonzalez Hugh		2/3/2023
^**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 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.