Call reports 2024
UBANK — 2024
What UBANK 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 | 149,950,000 | 155,228,000 | 165,863,000 | 168,539,000 |
| Total loans | 115,519,000 | 118,993,000 | 118,262,000 | 123,973,000 |
| Allowance for loan losses | 1,770,000 | 1,829,000 | 1,793,000 | 1,879,000 |
| Securities available for sale | 13,070,000 | 10,664,000 | 10,772,000 | 10,181,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 129,393,000 | 134,662,000 | 142,834,000 | 142,778,000 |
| Interest-bearing deposits | 108,935,000 | 111,706,000 | 119,073,000 | 118,548,000 |
| Noninterest-bearing deposits | 20,458,000 | 22,956,000 | 23,761,000 | 24,230,000 |
| Equity capital | 18,836,000 | 19,172,000 | 21,531,000 | 21,658,000 |
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 | 2,180,000 | 4,576,000 | 7,108,000 | 9,833,000 |
| Interest expense | 822,000 | 1,761,000 | 2,761,000 | 3,756,000 |
| Net interest income | 1,358,000 | 2,815,000 | 4,347,000 | 6,077,000 |
| Noninterest income | 127,000 | 257,000 | 390,000 | 526,000 |
| Noninterest expense | 1,134,000 | 2,298,000 | 3,527,000 | 4,860,000 |
| Provision for loan losses | 48,000 | 96,000 | 118,000 | 270,000 |
| Pretax income | 303,000 | 684,000 | 1,087,000 | 1,483,000 |
| Income tax | 72,000 | 163,000 | 253,000 | 364,000 |
| Net income | 231,000 | 521,000 | 834,000 | 1,119,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,870,000 | 20,160,000 | 22,241,000 | 22,625,000 |