Exhibit 99

Oriental Financial Group First Quarter 2012 Results

SAN JUAN, Puerto Rico, April 23, 2012 – Oriental Financial Group Inc. (NYSE: OFG) today announced results for the first quarter ended March 31, 2012.

“Our excellent first quarter performance shows our great progress so far towards achieving our goals for 2012,” said José Rafael Fernández, President, Chief Executive Officer and Vice Chairman of the Board. “The investments we are making in our commercial banking capabilities, active management of our risk exposures, and transforming our financial model have resulted in a growing franchise with a very strong capital position.

“Net interest margin increased to 2.59% sequentially due to higher yields on both loans and investment securities and lower cost of deposits and wholesale borrowings. We had strong year over year growth in banking and wealth management fee revenues, and record commercial loan production and assets under management levels.

“We continued to move away from our reliance on our investment securities portfolio by improving interest income from our loan portfolio. We also continued to effectively manage our non-interest expenses and share buy back program.

“Complementary to our focus in growing our commercial business, we achieved a noticeable improvement in asset quality, resulting in a reduction in non-performing, non-covered loans.”

1Q12 Financial Summary

• Income available to common shareholders of $9.5 million, or 0.23 per diluted share, compares to $1.9 million, or $0.04 per share, in the year ago quarter and a loss of ($13.1) million, or ($0.31) per share, in the preceding 2011 quarter.

• Pre-tax operating income of $11.3 million compares to $12.4 million in the year ago quarter and $6.1 million in the preceding quarter.

• Net interest rate margin of 2.59% versus 2.26% in the year ago quarter and 1.76% in the preceding quarter.

• Loan production totaled $110.2 million, up 41.3% year over year and 2.7% quarter over quarter. The strategically significant commercial category hit a record $55.4 million in production, a more than three-fold increase from the year ago quarter and 16.7% greater than in the preceding quarter.

• Using available cash, Oriental paid off in mid-March 2012 $105 million in maturing FDIC Temporary Liquidity Guarantee Program (TLGP) Notes with a cost of 3.75%.

• Non-performing non-covered loans were down 9.2% from the preceding quarter.

• Book value per share at March 31, 2012 amounted to $15.27, up 7.4% from a year ago and 0.4% from December 31, 2011.

• Cash dividends per common share of $0.06 were up 20.0% from the year ago quarter.

• Common shares outstanding at March 31, 2012 were 40.7 million, a reduction of 10.3% from a year ago and 1.3% from December 31, 2011, reflecting the Company’s stock repurchase program.

1Q12 Income Statement Analysis

• Interest income from loans of $39.7 million represented an increase of 23.2% year over year and 0.7% quarter over quarter. Year over year growth stems from improved performance of covered loans (the former Eurobank portfolio). Sequentially, results benefited from growth of Oriental’s non-covered commercial, auto leasing and consumer loan portfolio. Interest income from loans, as a percentage of total interest income, equaled 57%, up from 41% in the year ago quarter, underscoring Oriental’s emphasis on increased banking activity.

• Interest income from investment securities of $30.3 million declined 34.0% year over year and increased 17.0% quarter over quarter. The year over year reduction reflects lower yields and the strategic decision to reduce the size of the investment securities portfolio. The quarter over quarter improvement benefited from a $7.8 million reduction in premium amortization on mortgage backed securities, as repayments slowed.

• Total interest expense of $31.1 million declined 23.8% year over year and 16.9% quarter over quarter, reflecting lower cost of funds and balances of both deposits and wholesale funding.

• Total banking and wealth management revenues of $11.7 million rose 14.2% year over year. Wealth management revenues grew 25.8% due to increased brokerage, trust and insurance business. Assets under management were a record $4.4 billion at March 31, 2012, up 9.7% from a year ago and 7.0% from the end of the preceding quarter, due to new assets and improved market valuations.

• Total non-core, non-interest income was $1.3 million compared to a loss of ($2.8) million in the year ago quarter and a loss of ($22.8) million in the preceding quarter. First quarter 2012 results primarily reflect: (i) a net gain on the sale of securities of $7.4 million as Oriental took strategic advantage of market opportunities; and (ii) amortization of $4.8 million of the FDIC loss-share indemnification assets mainly due to an improvement in the revised cash flow projections of certain former Eurobank loan pools in 2011.

• Due to effective cost controls, non-interest expenses of $29.1 million were down 5.5% from a year ago and 4.3% below the preceding quarter.

March 31, 2012 Balance Sheet Analysis

• Borrowings of $3.4 billion declined 2.9% from December 31, 2011, due to the aforementioned pay down of the FDIC notes. In December 2011, as previously reported, $600 million in repurchase agreement (repo) funding with an average cost of 4.23% matured. Half of the repos were paid off and the balance was renewed at an effective rate of 2.36%. As a result of these transactions, cost of borrowings declined to 2.49% in the first quarter of 2012 from 2.82% in the preceding quarter.

• Retail deposits of $2.0 billion declined slightly compared to December 31, 2011 as cost of those deposits dropped to 1.54% from 1.66%. Wholesale deposits were $105.7 million below December 31, 2011, with the cost dropping to 1.81% from 2.45%.

• Stockholders’ equity of $689.3 million declined 0.9% from December 31, 2011, which includes the effect of stock repurchases. Book value per share, however, increased to $15.27, from $15.22.

• Cash and cash equivalents (including securities purchased under agreements to resell) of $624.0 million increased 3.1% from December 31, 2011, reflecting repayments on MBS, partially offset by the pay down of the FDIC notes and of wholesale deposits.

• Total investments of $3.6 billion declined 5.8% from December 31, 2011, primarily reflecting the aforementioned sale of securities.

• Total non-covered loans of approximately $1.2 billion increased 1.8% from December 31, 2011. Growth of commercial and auto leasing loans more than offset the reduction of residential mortgage loans. Covered loans of $461.8 million declined 7.0% from December 31, 2011 as they continued to pay down in line with projections.

Other 1Q12 Highlights

• Credit Quality – Non-Covered Assets: Non-performing assets declined 6.4% from December 31, 2011. Net credit losses of $2.7 million were approximately level with the fourth quarter of 2011. Provision for loan and lease losses of $3.0 million declined 21.1% compared to the year ago and the preceding quarters. The allowance of $37.4 million increased 0.9% from the preceding quarter. Early delinquency loans (30-89 days past due) dropped 7.0% year over year and 5.1% from the preceding quarter.

• Credit Quality – Covered Assets (the former Eurobank loans): Provision for loan and lease losses was $7.2 million, reflecting the results of quarterly revisions to the expected cash flows considering recent experiences of certain other pools of loans. The provision is net of the estimated losses claimable to the FDIC.

• Stock Repurchases: Under its authorization to repurchase $70 million in shares of its common stock in the open market, Oriental bought approximately 603,000 shares, at an average price of $11.61 per share, during the quarter ended March 31, 2012. Approximately $33 million remains under the present buyback authorization. During 2011, Oriental bought approximately 5.2 million shares at an average price of $11.28 per share.

• Capital: Oriental maintains regulatory capital ratios well above the requirements for a well-capitalized institution. At March 31, 2012, the Leverage Capital Ratio was 10.12%, Tier-1 Risk-Based Capital Ratio was 32.34%, and Total Risk-Based Capital Ratio was 33.64%.

Conference Call

A conference call to discuss Oriental’s results, outlook and related matters will be held Monday, April 23, 2012, at 10:00 AM Eastern and Puerto Rico Time. The call will be accessible live via a webcast on Oriental’s Investor Relations website at www.orientalfg.com. A webcast replay will be available shortly thereafter. Access the webcast link in advance to download any necessary software.

Full Financial Tables

Full financial tables for the first quarter of 2012 can be found on the Webcasts, Presentations & Other Files page of Oriental’s Investor Relations website at www.orientalfg.com.

About Oriental Financial Group

Oriental Financial Group Inc. is a diversified financial holding company that operates under U.S. and Puerto Rico banking laws and regulations, principally through its two subsidiaries, Oriental Bank and Trust and Oriental Financial Services. Now in its 48^th year in business, Oriental provides a full range of commercial, consumer and mortgage banking services, as well as financial planning, trust, insurance, investment brokerage and investment banking services, primarily in Puerto Rico, through 30 financial centers. Investor information about Oriental can be found at www.orientalfg.com.

Non-GAAP Financial Measures

From time to time, Oriental uses certain non-GAAP measures of financial performance to supplement the financial statements presented in accordance with GAAP. Oriental presents non-GAAP measures when its management believes 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.

Oriental’s management has reported and discussed the results of operations herein both on a GAAP basis and on a pre-tax operating income basis (defined as net interest income, less provision for loan and lease losses, plus banking and wealth management revenues, less non-interest expenses, and calculated on the accompanying table). Oriental’s management believes that, given the nature of the items excluded from the definition of pre-tax operating income, it is useful to state what the results of operations would have been without them so that investors can see the financial trends from Oriental’s 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 Oriental’s capital position.

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 forward-looking statements. Factors that might cause such a difference include, but are not limited to (i) the rate of declining growth in the economy and employment levels, as well as general business and economic conditions; (ii) changes in interest rates, as well as the magnitude of such changes; (iii) the fiscal and monetary policies of the federal government and its agencies; (iv) changes in federal bank regulatory and supervisory policies, including required levels of capital; (v) the relative strength or weakness of the consumer and commercial credit sectors and of the real estate market in Puerto Rico; (vi) the performance of the stock and bond markets; (vii) competition in the financial services industry; (viii) possible legislative, tax or regulatory changes; and (ix) difficulties in combining the operations of any acquired entity. For a discussion of such factors and certain risks and uncertainties to which Oriental is subject, see Oriental’s annual report on Form 10-K for the year ended December 31, 2011, 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, Oriental assumes no obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements.

# # #

Contacts:

Puerto Rico: Marilyn Santiago (msantiago@OrientalFG.com), Oriental Financial Group Inc., (787) 993-4648

U.S.: Steven Anreder (steven.anreder@anreder.com) and Gary Fishman (gary.fishman@anreder.com), Anreder & Company, (212) 532-3232

ORIENTAL FINANCIAL GROUP

Financial Summary

(NYSE: OFG)

	QUARTER ENDED
	31-Mar-12			31-Mar-11			%			31-Dec-11
SUMMARY OF OPERATIONS (Dollars in thousands):
Interest Income:
Loans
Loans not covered under shared-loss agreements with the FDIC	$	18,123		$	17,965			0.9	%	$	17,238
Loans covered under shared-loss agreements with the FDIC		21,541			14,226			51.4	%		22,158
Total interest income from loans		39,664			32,191			23.2	%		39,396
Mortgage-backed securities		28,326			43,739			-35.2	%		23,649
Investment securities		1,524			1,855			-17.8	%		1,897
Short term investments		405			250			62.0	%		314
Total interest income		69,919			78,035			-10.4	%		65,256
Interest Expense:
Deposits		9,153			12,226			-25.1	%		10,519
Securities sold under agreements to repurchase		17,570			24,159			-27.3	%		22,402
Advances from FHLB and other borrowings		3,097			3,049			1.6	%		3,116
FDIC-guaranteed term notes		909			1,021			-11.0	%		1,021
Subordinated capital notes		328			302			8.6	%		316
Total interest expense		31,057			40,757			-23.8	%		37,374
Net interest income		38,862			37,278			4.2	%		27,882
Provision for non-covered loan and lease losses		3,000			3,800			-21.1	%		3,800
Provision for covered loan and lease losses, net		7,157			549			1203.6	%		—
Total provision for loan and lease losses, net		10,157			4,349			133.5	%		3,800
Net interest income after provision for loan and lease losses		28,705			32,929			-12.8	%		24,082
Non-Interest Income (Loss):
Wealth management revenues		5,889			4,682			25.8	%		5,927
Banking service revenues		3,286			3,724			-11.8	%		3,648
Mortgage banking activities		2,502			1,823			37.2	%		2,859
Total banking and wealth management revenues		11,677			10,229			14.2	%		12,434
Total loss on other-than-temporarily impaired securities		—			—			0.0	%		(15,018	)
Portion of loss on securities recognized in other comprehensive income		—			—			0.0	%		—
Other-than-temporary impairments on securities		—			—			0.0	%		(15,018	)
Net accretion (amortization) of FDIC shared-loss indemnification asset		(4,827	)		1,211			-498.6	%		(3,189	)
Net gain (loss) on:
Sales of securities and derivative activities		7,351			(3,989	)		284.3	%		52
Foreclosed real estate		(398	)		(132	)		-201.5	%		(1,383	)
Other		(833	)		86			-1068.6	%		(3,251	)
Total non-interest income (loss), net		12,970			7,405			75.2	%		(10,355	)
Non-Interest Expenses:
Compensation and employee benefits		10,365			11,688			-11.3	%		11,041
Professional and service fees		5,298			5,448			-2.8	%		5,236
Occupancy and equipment		4,186			4,405			-5.0	%		4,419
Insurance		1,820			1,985			-8.3	%		1,709
Electronic banking charges		1,558			1,454			7.2	%		1,724
Taxes, other than payroll and income taxes		1,174			1,380			-14.9	%		1,299
Loan servicing and clearing expenses		967			1,021			-5.3	%		907
Foreclosure, repossession and other real estate expenses		954			723			32.0	%		633
Advertising, business promotion, and strategic initiatives		848			1,192			-28.9	%		1,589
Communication		412			397			3.8	%		411
Director and investor relations		309			287			7.7	%		328
Printing, postage, stationery and supplies		308			282			9.2	%		327
Other		886			519			70.7	%		784
Total non-interest expenses		29,085			30,781			-5.5	%		30,407
Income (loss) before income taxes		12,590			9,553			31.8	%		(16,680	)
Income tax expense (benefit)		1,937			6,472			-70.1	%		(4,794	)
Net income (loss)		10,653			3,081			245.8	%		(11,886	)
Less: Dividends on preferred stock		(1,201	)		(1,201	)		0.0	%		(1,200	)
Income available (loss) to common shareholders	$	9,452		$	1,880			402.8	%	$	(13,086	)

Page 1

ORIENTAL FINANCIAL GROUP

Financial Summary

(NYSE: OFG)

	QUARTER ENDED
	31-Mar-12			31-Mar-11			%			31-Dec-11
(Dollars in thousands, except per share data)
PRE-TAX OPERATING INCOME
Net interest income	$	38,862		$	37,278			4.2	%	$	27,882
Provision for non-covered loan and lease losses		(3,000	)		(3,800	)		21.1	%		(3,800	)
Provision for covered loan and lease losses, net		(7,157	)		(549	)		-1203.6	%		—
Core non-interest income:
Wealth management revenues		5,889			4,682			25.8	%		5,927
Banking service revenues		3,286			3,724			-11.8	%		3,648
Mortgage banking activities		2,502			1,823			37.2	%		2,859
Total core non-interest income		11,677			10,229			14.2	%		12,434
Non-interest expenses		(29,085	)		(30,781	)		5.5	%		(30,407	)
Total Pre-tax operating income	$	11,297		$	12,377			-8.7	%	$	6,109
INCOME (LOSS) PER COMMON SHARE
Basic	$	0.23		$	0.04			464.5	%	$	(0.31	)
Diluted	$	0.23		$	0.04			464.1	%	$	(0.31	)
COMMON STOCK DATA
Average common shares outstanding and equivalents		41,162			46,433			-11.4	%		42,668
Cash dividends per share of common stock	$	0.06		$	0.05			20.0	%	$	0.06
Cash dividends declared on common shares	$	2,442		$	2,269			7.6	%	$	2,476
Pay-out ratio		26.14	%		122.85	%		-78.7	%		-19.58	%
SELECTED FINANCIAL DATA
PERFORMANCE RATIOS:
Return on average assets		0.65	%		0.17	%		284.7	%		-0.68	%
Return on average common equity		6.02	%		1.14	%		430.4	%		-7.98	%
Equity-to-assets ratio		10.67	%		9.94	%		7.4	%		10.39	%
Efficiency ratio		57.55	%		64.79	%		-11.2	%		75.42	%
Expense ratio		1.16	%		1.24	%		-6.9	%		1.13	%
TAX EQUIVALENT SPREAD
Interest-earning assets		4.66	%		4.73	%		-1.6	%		4.11	%
Tax equivalent adjustment		1.01	%		0.90	%		12.2	%		0.86	%
Interest-earning assets - tax equivalent		5.67	%		5.63	%		0.6	%		4.97	%
Interest-bearing liabilities		2.13	%		2.51	%		-15.0	%		2.43	%
Tax equivalent interest rate spread		3.53	%		3.12	%		13.2	%		2.54	%
Tax equivalent interest rate margin		3.59	%		3.16	%		13.6	%		2.62	%
NORMAL SPREAD
Investments		2.80	%		3.80	%		-26.2	%		2.23	%
Loans
Loans not covered under shared-loss agreements with the FDIC		6.05	%		6.13	%		-1.3	%		5.75	%
Loans covered under shared-loss agreements with the FDIC		17.52	%		9.30	%		88.4	%		17.12	%
		9.39	%		7.22	%		30.0	%		9.18	%
Interest-earning assets		4.66	%		4.73	%		-1.6	%		4.11	%
Deposits
Retail deposits		1.54	%		1.99	%		-22.46	%		1.66	%
Wholesale deposits		1.81	%		1.61	%		12.38	%		2.45	%
		1.58	%		1.91	%		-17.05	%		1.79	%
Borrowings
Securities sold under agreements to repurchase		2.30	%		2.79	%		-17.6	%		2.69	%
Advances from FHLB and other borrowings		3.76	%		3.79	%		-0.9	%		3.83	%
FDIC-guaranteed term notes		4.11	%		3.86	%		6.6	%		3.88	%
Subordinated capital notes		3.64	%		3.35	%		8.5	%		3.50	%
		2.49	%		2.91	%		-14.3	%		2.82	%
Interest-bearing liabilities		2.13	%		2.51	%		-15.0	%		2.43	%
Interest rate spread		2.52	%		2.22	%		13.6	%		1.68	%
Interest rate margin		2.59	%		2.26	%		14.5	%		1.76	%
AVERAGE BALANCES
Investments	$	4,316,332		$	4,819,746			-10.4	%	$	4,628,941
Loans		1,690,396			1,784,162			-5.3	%		1,717,081
Interest-earning assets	$	6,006,728		$	6,603,908			-9.0	%	$	6,346,022
Deposits	$	2,310,878		$	2,560,501			-9.7	%	$	2,354,569
Borrowings		3,512,418			3,925,935			-10.5	%		3,802,972
Interest-bearing liabilities	$	5,823,296		$	6,486,435			-10.2	%	$	6,157,540

Page 2

ORIENTAL FINANCIAL GROUP

Financial Summary

(NYSE: OFG)

	AS OF
	31-Mar-12			31-Mar-11			%			31-Dec-11
(Dollars in thousands)
BALANCE SHEET
Cash and cash equivalents	$	453,997		$	317,409			43.0	%	$	605,477
Securities purchased under agreements to resell		170,000			—			100.0	%		—
Investments:
Trading securities		364			1,444			-74.8	%		180
Investment securities available-for-sale, at fair value, with amortized cost of $2,591,603 (March 31, 2011 - $3,562,745, December 31, 2011 - $2,873,682)
FNMA and FHLMC certificates		2,402,393			3,187,291			-24.6	%		2,676,781
Obligations of US Government sponsored agencies		32,031			—			100.0	%		—
CMO’s issued by US Government sponsored agencies		117,873			160,509			-26.6	%		130,045
GNMA certificates		25,796			117,710			-78.1	%		28,336
Structured credit investments		29,643			45,162			-34.4	%		37,288
Obligations of Puerto Rico Government and political subdivisions		58,887			67,305			-12.5	%		81,482
Other debt securities		5,793			9,953			-41.8	%		5,980
Total investment securities available-for-sale		2,672,416			3,587,930			-25.5	%		2,959,912
Investment securities held-to-maturity, at amortized cost, with fair value of $969,400 (March 31, 2011 - $855,816, December 31, 2011 - $904,556)
FNMA and FHLMC certificates		829,465			875,494			8.3	%		884,026
CMO’s issued by US Government sponsored agencies		119,026			—			100.0	%		—
Total investment securities held-to-maturity		948,491			875,494			8.3	%		884,026
Federal Home Loan Bank (FHLB) stock, at cost		23,779			22,496			5.7	%		23,779
Other investments		68			150			-54.0	%		73
Total investments		3,645,118			4,487,514			-18.8	%		3,867,970
Loans:
Loans not covered under shared-loss agreements with the FDIC:
Mortgage		803,500			861,602			-6.7	%		819,651
Commercial		330,076			231,288			42.7	%		301,573
Leasing		28,363			13,763			106.1	%		25,768
Consumer		41,157			38,818			6.0	%		41,301
Total loans receivable not covered under shared-loss agreements with the FDIC, gross		1,203,096			1,145,471			5.0	%		1,188,293
Less: Deferred loan fees, net		(4,442	)		(4,390	)		-1.2	%		(4,545	)
Total loans receivable not covered under shared-loss agreements with the FDIC		1,198,654			1,141,081			5.0	%		1,183,748
Allowance for loan and lease losses on non-covered loans		(37,361	)		(32,727	)		-14.2	%		(37,010	)
Loans receivable, net		1,161,293			1,108,354			4.8	%		1,146,738
Mortgage loans held for sale		33,439			34,216			-2.3	%		26,939
Total loans not covered under shared-loss agreements with the FDIC, net		1,194,732			1,142,570			4.6	%		1,173,677
Loans covered under shared-loss agreements with the FDIC:
Loans secured by 1-4 family residential properties		140,105			161,145			-13.1	%		140,824
Construction and development secured by 1-4 family residential properties		17,626			16,516			6.7	%		16,976
Commercial and other construction		321,632			378,940			-15.1	%		325,832
Leasing		25,581			69,630			-63.3	%		36,122
Consumer		13,252			17,140			-22.7	%		13,778
Loans covered under shared-loss agreements with the FDIC		518,196			643,371			-19.5	%		533,532
Allowance for loan and lease losses on covered loans		(56,437	)		(53,480	)		-5.5	%		(37,256	)
Loans covered under shared-loss agreements with the FDIC, net		461,759			589,891			-21.7	%		496,276
Total loans, net		1,656,491			1,732,461			-4.4	%		1,669,953
FDIC shared-loss indemnification asset		378,444			438,910			-13.8	%		392,367
Foreclosed real estate covered under shared-loss agreements with the FDIC		12,181			16,212			-24.9	%		13,867
Foreclosed real estate not covered under shared-loss agreements with the FDIC		16,356			12,792			27.9	%		13,812
Other repossessed assets covered under shared-loss agreements with the FDIC		811			2,503			-67.6	%		708
Core deposit intangible		1,150			1,292			-11.0	%		1,185
Accrued interest receivable		18,750			28,634			-34.5	%		20,182
Deferred tax asset, net		33,123			30,786			7.6	%		32,023
Prepaid FDIC Insurance		10,106			15,173			-33.4	%		11,599
Premises and equipment, net		20,722			23,353			-11.3	%		21,520
Other prepaid expenses		5,138			8,093			-36.5	%		6,498
Servicing asset		10,725			9,963			7.6	%		10,454
Tax credits		1,303			3,105			-58.0	%		1,303
Debt issuance costs		760			1,991			-61.8	%		1,067
Goodwill		2,701			2,701			0.0	%		2,701
Investment in statutory trust		1,086			1,086			0.0	%		1,086
Derivative assets		12,515			26,770			-53.2	%		9,317
Accounts receivable and other assets		9,878			15,511			-36.3	%		10,577
Total assets	$	6,461,355		$	7,176,259			-10.0	%	$	6,693,666

Page 3

ORIENTAL FINANCIAL GROUP

Financial Summary

(NYSE: OFG)

	AS OF
	31-Mar-12			31-Mar-11			%			31-Dec-11
(Dollars in thousands)
Deposits:
Non-interest bearing demand deposits	$	180,768		$	175,679			2.9	%	$	190,001
Interest-bearing savings and demand deposits		1,060,101			1,012,710			4.7	%		1,041,529
Individual retirement accounts		368,787			358,688			2.8	%		361,411
Retail certificates of deposit		346,406			490,313			-29.4	%		378,146
Total Retail Deposits		1,956,062			2,037,390			-4.0	%		1,971,087
Institutional deposits		107,363			240,780			-55.4	%		168,301
Brokered Deposits		211,143			223,303			-5.4	%		255,879
Total deposits		2,274,568			2,501,473			-9.1	%		2,395,267
Borrowings:
Short-term borrowings		43,564			32,332			34.7	%		39,920
Securities sold under agreements to repurchase		3,056,165			3,456,605			-11.6	%		3,056,238
Advances from FHLB		281,713			281,687			0.0	%		281,753
FDIC-guaranteed term notes		—			105,112			-100.0	%		105,834
Subordinated capital notes		36,083			36,083			0.0	%		36,083
Total borrowings		3,417,525			3,911,819			-12.6	%		3,519,828
Total interest-bearing liabilities		5,692,093			6,413,292			-11.2	%		5,915,095
FDIC net settlement payable		—			1,911			-100.0	%		115
Derivative liabilities		49,426			—			100.0	%		47,425
Accrued expenses and other liabilities		30,547			47,928			-36.3	%		35,476
Total liabilities		5,772,066			6,463,131			-10.7	%		5,998,111
Preferred stock		68,000			68,000			0.0	%		68,000
Common stock		47,841			47,808			0.1	%		47,809
Additional paid-in capital		499,786			498,303			0.3	%		499,096
Legal surplus		51,245			46,717			9.7	%		50,178
Retained earnings		74,091			50,727			46.1	%		68,149
Treasury stock, at cost		(81,772	)		(28,746	)		-184.5	%		(74,808	)
Accumulated other comprehensive income, net		30,098			30,319			-0.7	%		37,131
Total stockholders’ equity		689,289			713,128			-3.3	%		695,555
Total liabilities and stockholders’ equity	$	6,461,355		$	7,176,259			-10.0	%	$	6,693,666
SELECTED FINANCIAL DATA AT YEAR-END
Common shares outstanding at end of period		40,690			45,375			-10.3	%		41,245
Book value per common share	$	15.27		$	14.22			7.4	%	$	15.22
Tangible book value per common share	$	15.17		$	14.13			7.4	%	$	15.12
Trust assets managed	$	2,372,129		$	2,245,158			5.7	%	$	2,216,088
Broker-dealer assets gathered		2,058,331			1,792,264			14.8	%		1,926,148
Total assets managed	$	4,430,460		$	4,037,422			9.7	%	$	4,142,236

Page 4

ORIENTAL FINANCIAL GROUP

Financial Summary

(NYSE: OFG)

	AS OF
	31-Mar-12			31-Mar-11			%			31-Dec-11
CAPITAL DATA
Leverage capital ratio		10.12	%		9.52	%		6.3	%		9.65	%
Leverage capital ratio required		4.00	%		4.00	%					4.00	%
Actual tier 1 capital	$	663,897		$	686,202			-3.3	%	$	661,614
Tier 1 capital required	$	262,522		$	288,462			-9.0	%	$	274,230
Excess over regulatory requirement	$	401,375		$	397,740			0.9	%	$	387,384
Tier 1 risk-based capital ratio		32.34	%		30.63	%		5.6	%		31.52	%
Tier 1 risk-based capital ratio required		4.00	%		4.00	%					4.00	%
Actual tier 1 risk-based capital	$	663,897		$	686,202			-3.3	%	$	661,614
Tier 1 risk-based capital required	$	82,104		$	89,625			-8.4	%	$	83,964
Excess over regulatory requirement	$	581,793		$	596,577			-2.5	%	$	577,650
Risk-weighted assets	$	2,052,603		$	2,240,635			-8.4	%	$	2,099,109
Total risk-based capital ratio		33.64	%		31.91	%		5.4	%		32.80	%
Total risk-based capital ratio required		8.00	%		8.00	%					8.00	%
Actual total risk-based capital	$	690,403		$	714,936			-3.4	%	$	688,452
Total risk-based capital required	$	164,208		$	179,251			-8.4	%	$	167,929
Excess over regulatory requirement	$	526,195		$	535,685			-1.8	%	$	520,523
Risk-weighted assets	$	2,052,603		$	2,240,635			-8.4	%	$	2,099,109
Tangible common equity to total assets		9.56	%		8.92	%		7.2	%		9.32	%
Tangible common equity to total risk-weighted assets		30.08	%		28.57	%		5.3	%		29.71	%
Total equity to total assets		10.67	%		9.94	%		7.3	%		10.39	%
Total equity to risk-weighted assets		33.58	%		31.83	%		5.5	%		33.14	%
Tier 1 common equity to risk-weighted assets		29.03	%		27.59	%		5.2	%		28.28	%
Tier 1 common equity	$	595,897		$	618,202			-3.6	%	$	593,614

Page 5

ORIENTAL FINANCIAL GROUP

Financial Summary

(NYSE: OFG)

	QUARTER ENDED
	31-Mar-12			31-Mar-11			%			31-Dec-11
(Dollars in thousands)
Loan Production and Purchases Summary:
Mortgage loans production	$	45,031		$	48,166			-6.5	%	$	47,584
Mortgage loans purchased		—			4,641			-100.0	%		—
Total mortgage		45,031			52,807			-14.7	%		47,584
Commercial		55,401			16,643			232.9	%		47,466
Leasing		4,564			4,872			-6.3	%		5,522
Consumer		5,172			3,640			42.1	%		6,698
Total loan production and purchases	$	110,168		$	77,962			41.3	%	$	107,270
CREDIT DATA
Net credit losses, excluding loans covered under shared-loss agreements with the FDIC:
Mortgage	$	922		$	1,775			-48.1	%	$	1,300
Commercial		1,570			272			477.2	%		976
Consumer		131			395			-66.8	%		367
Leasing		27			61			-55.7	%		16
Total net credit losses	$	2,650		$	2,503			5.9	%	$	2,659
Net credit losses to average loans outstanding		0.88	%		0.85	%		3.5	%		0.89	%
	AS OF
	31-Mar-12			31-Mar-11			%			31-Dec-11
Allowance for loan and lease losses on non-covered loans	$	37,361		$	32,727			14.2	%	$	37,010
Allowance coverage ratios:
Allowance for loan and lease losses to total loans (excluding loans covered under shared-loss agreements with the FDIC)		3.03	%		2.78	%		8.9	%		3.06	%
Allowance for loan and lease losses to non-performing loans		30.54	%		27.02	%		13.0	%		27.46	%
Non-performing assets summary (excluding assets covered under shared-loss agreements with the FDIC):
Mortgage	$	88,390		$	92,403			-4.3	%	$	97,340
Commercial		33,082			27,562			20.0	%		36,988
Consumer		856			777			10.2	%		334
Leasing		12			395			-97.0	%		102
Non-performing loans		122,340			121,137			1.0	%		134,764
Foreclosed properties		16,356			12,792			27.9	%		13,812
Mortgage loans held for sale in non-accrual		1,519			295			414.9	%		1,223
Non-performing assets	$	140,215		$	134,224			4.5	%	$	149,799
Non-performing loans to:
Total loans, excluding covered loans		10.21	%		10.62	%		-3.9	%		11.38	%
Total assets, excluding covered assets		2.06	%		1.86	%		10.8	%		2.19	%
Total capital		17.75	%		16.99	%		4.5	%		19.38	%
Non-performing assets to total assets, excluding covered assets		2.36	%		2.06	%		14.6	%		2.44	%
Non-performing assets to total capital		20.34	%		18.82	%		8.1	%		21.54	%
Loans past due (excluding loans covered under shared-loss agreements with the FDIC):
Early delinquency (30-89 days past due)
Mortgage	$	35,696		$	39,409			-9.4	%	$	37,435
Commercial		3,652			3,299			10.7	%		4,537
Consumer		1,076			1,060			1.5	%		783
Leasing		484			207			133.8	%		339
	$	40,908		$	43,975			-7.0	%	$	43,094
Total delinquency (30 days and over past due)
Mortgage	$	124,656		$	132,146			-5.7	%	$	134,775
Commercial		31,736			25,984			22.1	%		32,894
Consumer		1,287			1,503			-14.4	%		1,117
Leasing		496			602			-17.6	%		441
	$	158,175		$	160,235			-1.3	%	$	169,227

Page 6