Call reports 2023
SOFI BANK, NATIONAL ASSOCIATION — 2023
What SOFI BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 13,239,321,000 | 17,701,565,000 | 21,509,458,000 | 24,063,364,000 |
| Total loans | 10,530,881,000 | 14,175,679,000 | 17,905,409,000 | 19,818,678,000 |
| Allowance for loan losses | 38,938,000 | 41,227,000 | 51,924,000 | 54,695,000 |
| Securities available for sale | 107,536,000 | 321,686,000 | 430,886,000 | 547,255,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 10,375,397,000 | 13,248,057,000 | 16,026,728,000 | 18,881,613,000 |
| Interest-bearing deposits | 10,288,685,000 | 13,170,935,000 | 15,954,163,000 | 18,823,095,000 |
| Noninterest-bearing deposits | 86,713,000 | 77,122,000 | 72,566,000 | 58,518,000 |
| Equity capital | 1,452,972,000 | 2,369,854,000 | 2,971,516,000 | 3,402,713,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 265,475,000 | 637,928,000 | 1,124,808,000 | 1,707,421,000 |
| Interest expense | 81,457,000 | 206,219,000 | 376,779,000 | 587,880,000 |
| Net interest income | 184,018,000 | 431,709,000 | 748,029,000 | 1,119,541,000 |
| Noninterest income | 174,258,000 | 301,549,000 | 424,329,000 | 535,271,000 |
| Noninterest expense | 252,481,000 | 529,456,000 | 831,691,000 | 1,136,183,000 |
| Provision for loan losses | 8,407,000 | 21,022,000 | 42,853,000 | 54,945,000 |
| Pretax income | 100,744,000 | 186,136,000 | 301,170,000 | 467,042,000 |
| Income tax | 27,767,000 | 50,089,000 | 80,331,000 | 117,596,000 |
| Net income | 72,977,000 | 136,047,000 | 220,839,000 | 349,446,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,436,833,000 | 2,317,313,000 | 2,916,462,000 | 3,331,616,000 |
| Total capital | 1,475,390,000 | 2,358,208,000 | 2,968,169,000 | 3,386,105,000 |
| Risk-weighted assets | 10,810,079,000 | 14,690,190,000 | 18,378,777,000 | 19,244,841,000 |