Call reports 2024
OPTUM BANK, INC. — 2024
What OPTUM BANK, INC. reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 17,265,000,000 | 17,080,000,000 | 18,181,000,000 | 18,649,000,000 |
| Total loans | 5,418,000,000 | 5,889,000,000 | 6,178,000,000 | 6,479,000,000 |
| Allowance for loan losses | 47,000,000 | 47,000,000 | 88,000,000 | 76,000,000 |
| Securities available for sale | 10,129,000,000 | 9,578,000,000 | 9,591,000,000 | 9,334,000,000 |
| Securities held to maturity | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 14,464,000,000 | 14,181,000,000 | 14,558,000,000 | 14,919,000,000 |
| Interest-bearing deposits | 12,482,000,000 | 12,259,000,000 | 12,659,000,000 | 12,879,000,000 |
| Noninterest-bearing deposits | 1,982,000,000 | 1,922,000,000 | 1,899,000,000 | 2,040,000,000 |
| Equity capital | 1,645,000,000 | 1,781,000,000 | 2,154,000,000 | 2,159,000,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 170,000,000 | 344,000,000 | 529,000,000 | 719,000,000 |
| Interest expense | 8,000,000 | 15,000,000 | 27,000,000 | 40,000,000 |
| Net interest income | 162,000,000 | 329,000,000 | 502,000,000 | 679,000,000 |
| Noninterest income | 62,000,000 | 122,000,000 | 242,000,000 | 314,000,000 |
| Noninterest expense | 53,000,000 | 107,000,000 | 176,000,000 | 247,000,000 |
| Provision for loan losses | 3,000,000 | 4,000,000 | 45,000,000 | 46,000,000 |
| Pretax income | 168,000,000 | 350,000,000 | 540,000,000 | 712,000,000 |
| Income tax | 39,000,000 | 82,000,000 | 125,000,000 | 132,000,000 |
| Net income | 129,000,000 | 268,000,000 | 415,000,000 | 580,000,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,072,000,000 | 2,215,000,000 | 1,742,000,000 | 1,903,000,000 |
| Total capital | 2,121,000,000 | 2,264,000,000 | 1,893,329,000 | 2,057,000,000 |
| Risk-weighted assets | 11,534,800,000 | 11,884,100,000 | 12,084,629,000 | 12,627,600,000 |