Call reports 2024
SOFI BANK, NATIONAL ASSOCIATION — 2024
What SOFI BANK, NATIONAL ASSOCIATION 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 | 25,660,289,000 | 27,361,351,000 | 29,264,736,000 | 31,087,762,000 |
| Total loans | 20,421,716,000 | 22,768,855,000 | 24,311,533,000 | 25,423,186,000 |
| Allowance for loan losses | 51,314,000 | 51,909,000 | 48,419,000 | 46,683,000 |
| Securities available for sale | 810,162,000 | 1,419,981,000 | 1,475,015,000 | 1,798,326,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 35,615,000 | 31,367,000 | 26,384,000 | 46,584,000 |
| Total deposits | 21,763,385,000 | 23,118,950,000 | 24,585,953,000 | 26,008,552,000 |
| Interest-bearing deposits | 21,702,101,000 | 23,059,938,000 | 24,522,344,000 | 25,884,230,000 |
| Noninterest-bearing deposits | 61,284,000 | 59,013,000 | 63,609,000 | 124,322,000 |
| Equity capital | 3,501,592,000 | 3,804,780,000 | 4,212,908,000 | 4,535,203,000 |
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 | 611,330,000 | 1,239,640,000 | 1,921,859,000 | 2,629,678,000 |
| Interest expense | 221,474,000 | 455,870,000 | 717,365,000 | 961,574,000 |
| Net interest income | 389,856,000 | 783,770,000 | 1,204,494,000 | 1,668,104,000 |
| Noninterest income | 75,585,000 | 166,409,000 | 336,823,000 | 491,160,000 |
| Noninterest expense | 322,672,000 | 665,293,000 | 1,060,942,000 | 1,486,258,000 |
| Provision for loan losses | 7,182,000 | 18,822,000 | 24,835,000 | 31,711,000 |
| Pretax income | 135,586,000 | 266,025,000 | 459,735,000 | 645,534,000 |
| Income tax | 35,778,000 | 68,697,000 | 118,760,000 | 173,114,000 |
| Net income | 99,808,000 | 197,328,000 | 340,975,000 | 472,420,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,386,874,000 | 3,649,976,000 | 4,044,118,000 | 4,352,537,000 |
| Total capital | 3,437,885,000 | 3,701,585,000 | 4,092,238,000 | 4,398,944,000 |
| Risk-weighted assets | 19,970,308,000 | 21,517,216,000 | 23,688,815,000 | 25,207,621,000 |