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 | 663,918,000 | 694,825,000 | 757,339,000 | 742,404,000 |
| Total loans | 509,840,000 | 545,225,000 | 578,744,000 | 588,595,000 |
| Allowance for loan losses | 7,977,000 | 8,366,000 | 8,432,000 | 8,745,000 |
| Securities available for sale | 25,403,000 | 24,880,000 | 24,259,000 | 22,477,000 |
| Securities held to maturity | 3,500,000 | 3,500,000 | 4,000,000 | 4,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 562,985,000 | 596,086,000 | 655,146,000 | 638,066,000 |
| Interest-bearing deposits | 397,623,000 | 408,465,000 | 509,764,000 | 505,693,000 |
| Noninterest-bearing deposits | 165,362,000 | 187,621,000 | 145,382,000 | 132,373,000 |
| Equity capital | 62,466,000 | 64,781,000 | 68,761,000 | 70,386,000 |
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 | 10,192,000 | 20,857,000 | 32,397,000 | 45,553,000 |
| Interest expense | 4,136,000 | 8,361,000 | 12,605,000 | 17,869,000 |
| Net interest income | 6,056,000 | 12,496,000 | 19,792,000 | 27,684,000 |
| Noninterest income | 1,071,000 | 2,141,000 | 3,749,000 | 4,885,000 |
| Noninterest expense | 4,537,000 | 8,982,000 | 13,569,000 | 19,060,000 |
| Provision for loan losses | 375,000 | 750,000 | 1,125,000 | 1,536,000 |
| Pretax income | 2,215,000 | 4,905,000 | 8,847,000 | 11,973,000 |
| Income tax | 464,000 | 1,030,000 | 1,746,000 | 2,413,000 |
| Net income | 1,751,000 | 3,875,000 | 7,101,000 | 9,560,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,382,000 | 67,507,000 | 70,734,000 | 73,191,000 |