Call reports 2024
SOVEREIGN BANK — 2024
What SOVEREIGN BANK 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 | 1,011,040,000 | 1,098,902,000 | 1,102,868,000 | 1,203,043,000 |
| Total loans | 808,523,000 | 863,654,000 | 880,146,000 | 932,558,000 |
| Allowance for loan losses | 11,511,000 | 12,192,000 | 12,426,000 | 13,483,000 |
| Securities available for sale | 74,134,000 | 55,270,000 | 73,348,000 | 64,011,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 830,323,000 | 884,536,000 | 886,166,000 | 1,032,034,000 |
| Interest-bearing deposits | 711,468,000 | 767,661,000 | 764,246,000 | 893,239,000 |
| Noninterest-bearing deposits | 118,855,000 | 116,875,000 | 121,920,000 | 138,795,000 |
| Equity capital | 111,750,000 | 115,851,000 | 120,718,000 | 122,821,000 |
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 | 15,518,000 | 32,956,000 | 50,827,000 | 69,256,000 |
| Interest expense | 5,294,000 | 11,300,000 | 17,707,000 | 24,565,000 |
| Net interest income | 10,224,000 | 21,656,000 | 33,120,000 | 44,691,000 |
| Noninterest income | 454,000 | 1,015,000 | 1,460,000 | 2,090,000 |
| Noninterest expense | 8,699,000 | 17,973,000 | 27,118,000 | 36,820,000 |
| Provision for loan losses | 950,000 | 1,606,000 | 1,806,000 | 2,904,000 |
| Pretax income | 1,029,000 | 3,092,000 | 5,568,000 | 6,910,000 |
| Income tax | 186,000 | 620,000 | 1,149,000 | 1,069,000 |
| Net income | 843,000 | 2,472,000 | 4,419,000 | 5,841,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 97,240,000 | 101,143,000 | 105,331,000 | 108,997,000 |
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