SoFi Bank, National Association
Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 17.5 and a capital leverage ratio of 14.4. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (10.0 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 2.4%, coupled with a return on assets of 1.7 has resulted in Excellent (9.9) profitability. A current level of 0.6 percent of nonperforming loans to core capital combined with 0.8 percent from a year earlier contributes to the Good asset quality (5.5).
Asset Mix:
Consumer loans (78%), cash (8%), securities (6%), home mtgs (0%), other (8%)
States with Branches:
CA, UT
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
SoFi Technologies, Inc.
Investment Rating
--
Address
2750 Cottonwood Parkway
Cottonwood Heights, UT 84121
Cottonwood Heights, UT 84121
Phone Number
(916) 444-2450
Year Founded
1986
FDIC Number
Website
Largest Affiliates
No affiliate information available.