SoFi Bank

National bank with its head office in Cottonwood Heights, Utah, established in 1986 according to the FDIC. Its holding company is SoFi Technologies, Inc..

SoFi Bank reported total assets of $56.8 bn at Q2 2026, up 56.6% on a year earlier, the 47th largest of 497 banks in our US coverage. The CET1 capital ratio at SoFi Bank was 15.17%, and the uninsured share of SoFi Bank was 5.01%. Source: FDIC Call Reports.

Key takeaways

  • SoFi Bank has one of the highest tier 1 leverage ratio readings among banks of $10 bn to $100 bn: 13.34% at , against a median of 10.25% across 126 banks (FDIC Call Reports).
  • The uninsured share of domestic deposits of SoFi Bank, 5.01% at , places SoFi Bank in the bottom tenth of banks of $10 bn to $100 bn (group median 38.56%; FDIC Call Reports).
  • Among the 126 banks of $10 bn to $100 bn, few report a lower noncurrent loans to total loans than SoFi Bank, at 0.08% in ; the group median is 0.66% (FDIC Call Reports).
Total assets
$56.8 bn
+56.6% on a year earlier
Rank 47 of 497 1 = highest
CET1 capital ratio
15.17%
+0.03 pp on a year earlier
Rank 106 of 448 1 = highest
Return on equity
15.41%
+0.89 pp on a year earlier
Rank 116 of 500 1 = highest
Uninsured share of deposits
5.01%
+2.35 pp on a year earlier
Rank 483 of 500 1 = highest

What sets SoFi Bank apart

  • SoFi Bank has one of the highest net interest margin readings among banks of $10 bn to $100 bn: 6.07% at , against a median of 3.62% across 126 banks.
  • On uninsured share of domestic deposits, SoFi Bank climbed from 521st to 483rd among 500 US banks between and (1 = highest).
  • At 99.75%, the loan-to-deposit ratio of SoFi Bank sits in the top tenth of its size group ($10 bn to $100 bn, 126 banks), where the median is 85.69%.

How large is SoFi Bank?

The balance sheet of SoFi Bank at : assets $56.8 bn, deposits $46.8 bn, net loans $46.7 bn (loans equal to 99.75% of deposits). Securities make up 7.1% of total assets at SoFi Bank. Since , when SoFi Bank held $127.9 mn, its assets grew 44,321.6%. In the year to , deposits at SoFi Bank rose 57.4% while its total assets rose 56.6%. At , SoFi Bank employed 2,995 full-time equivalent staff across 4 offices, about $19.0 mn of assets per employee and $11.7 bn of deposits per office.

How much funding at SoFi Bank is uninsured?

At SoFi Bank, uninsured deposits (above the FDIC limit) made up 5.01% of domestic deposits at (+2.35 pp on a year earlier); SoFi Bank ranks 483rd of 500 on this measure. In dollars, SoFi Bank estimated $2.3 bn of uninsured deposits.

Key facts, Q2 2026

MetricValueChange from a year earlierUS rank
Total deposits$46.8 bn+57.4%47th of 499
Net loans and leases$46.7 bn+54.2%41st of 500
Loan-to-deposit ratio99.75%-2.09 pp59th of 500
Tier 1 leverage ratio13.34%-0.32 pp46th of 500
Total risk-based capital ratio15.29%-0.01 pp148th of 448
Net interest margin6.07%-0.28 pp22nd of 500
Return on assets (ROA)1.98%-0.08 pp55th of 500
Efficiency ratio67.20%+0.31 pp411th of 500 (1 = lowest)
Unrealized gain/loss on available-for-sale securitiesLoss of $16.0 mnTurned from a gain into a loss
Noncurrent loans to total loans0.08%0.00 pp28th of 500 (1 = lowest)
Net charge-offs to average loans0.08%-0.02 pp243rd of 500 (1 = lowest)

US rank of SoFi Bank: 1 = highest unless marked 1 = lowest.

Balance sheet

SoFi Bank: assets, deposits and loans

USD bn
Total assets, deposits and net loans of SoFi Bank each quarter; total assets were $56.8 bn at Q2 2026-$3.3bn$12.6bn$28.5bn$44.3bn$60.2bn20182020202220242026Total assets$56.8bnDeposits$46.8bnNet loans$46.7bnTotal assets, deposits and net loans of SoFi Bank each quarter; total assets were $56.8 bn at Q2 2026-$3.3bn$17.9bn$39.0bn$60.2bn20202024
  • Total assets $56.8bn
  • Deposits $46.8bn
  • Net loans $46.7bn
to . FDIC Call Reports.

Capital and securities

The CET1 ratio of SoFi Bank stood at 15.17% in , +0.03 pp year on year. Low and high at SoFi Bank since : 12.25% () to 68.62% (). Equity capital of SoFi Bank at : $7.3 bn, or 12.8% of total assets. SoFi Bank also reported a total capital ratio of 15.29% for , and a tier 1 leverage ratio of 13.34%.

The available-for-sale portfolio of SoFi Bank showed an unrealized loss of $16.0 mn at ; the loss turned from a gain into a loss over the year.

SoFi Bank: capital ratios

Percent
CET1, total risk-based capital and tier 1 leverage ratios of SoFi Bank, Q1 2016 to Q2 20264.5%21%38%55%72%20182020202220242026Total capital15%CET115%Tier 1 leverage13%CET1, total risk-based capital and tier 1 leverage ratios of SoFi Bank, Q1 2016 to Q2 20264.5%27%50%72%20202024
  • Total capital 15%
  • CET1 15%
  • Tier 1 leverage 13%
to . FDIC Call Reports.

SoFi Bank: unrealized securities gains and losses

USD bn
Unrealized gains and losses on available-for-sale and held-to-maturity securities of SoFi Bank, Q1 2016 to Q2 2026-$18mn-$9mn-$1mn$7mn$16mn20182020202220242026Held to maturity$0Available for sale-$16mnUnrealized gains and losses on available-for-sale and held-to-maturity securities of SoFi Bank, Q1 2016 to Q2 2026-$18mn-$7mn$5mn$16mn20202024
  • Available for sale -$16mn
  • Held to maturity $0
to . FDIC Call Reports.

Profitability and loan quality

For the year to , SoFi Bank earned a return on equity of 15.41%; return on assets: 1.98%. Net interest margin at SoFi Bank: 6.07%, -0.28 pp in a year. SoFi Bank net income: $504.1 mn, up 47.0% year on year. The efficiency ratio of SoFi Bank was 67.20%: about 67 cents cost per revenue dollar, against 57 cents at the median peer.

At , noncurrent loans were 0.08% of total loans at SoFi Bank; net charge-offs: 0.08% of average loans. Gross loans and leases at SoFi Bank: $46.7 bn, up 54.1% in a year.

SoFi Bank: profitability

Percent, annualized
Return on equity, net interest margin and return on assets of SoFi Bank, Q1 2016 to Q2 2026-3.7%4.9%13%22%31%20182020202220242026Return on equity15%Net interest margin6.1%Return on assets2.0%Return on equity, net interest margin and return on assets of SoFi Bank, Q1 2016 to Q2 2026-3.7%7.7%19%31%20202024
  • Return on equity 15%
  • Net interest margin 6.1%
  • Return on assets 2.0%
to . FDIC Call Reports.

Peer group of SoFi Bank

The peer group of SoFi Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of SoFi Bank (national bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in Utah. Against them, SoFi Bank shows CET1 ratio 15.17% against a peer median of 12.29%, return on equity 15.41% against a peer median of 10.95% and uninsured deposit share 5.01% against a peer median of 50.57%.

BankCharterStateTotal assetsCET1 ratioReturn on equityUninsured share
Valley National BankNational bankNJ$66.2 bn12.28%8.45%39.75%
Columbia BankState nonmember bankOR$65.4 bn12.21%10.33%39.45%
Banco Popular de Puerto RicoState member bankPR$63.3 bn16.40%21.78%59.76%
SoFi BankNational bankUT$56.8 bn15.17%15.41%5.01%
Frost BankState member bankTX$54.0 bn14.42%15.30%52.16%
BOKFNational bankOK$53.0 bn12.29%11.57%52.92%
Associated BankNational bankWI$51.8 bn10.23%9.94%48.97%

. FDIC Call Reports.

Last eight quarters

Two years at SoFi Bank, to : assets +94.2%, deposits +90.3%, equity +72.8%. Staff 1,279 to 2,995.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Total assets$29.3 bn$31.1 bn$32.9 bn$36.3 bn$41.3 bn$46.6 bn$49.7 bn$56.8 bn
Total deposits$24.6 bn$26.0 bn$27.4 bn$29.7 bn$33.8 bn$39.7 bn$42.3 bn$46.8 bn
Bank equity capital$4.2 bn$4.5 bn$4.7 bn$4.9 bn$5.8 bn$6.0 bn$6.3 bn$7.3 bn
CET1 ratio17.07%17.27%16.46%15.14%17.60%16.44%15.29%15.17%
Return on equity (ROE)12.19%12.14%14.68%14.52%14.23%14.17%15.84%15.41%
Uninsured share of domestic deposits2.99%2.21%2.89%2.67%4.58%8.12%7.58%5.01%
Full-time equivalent employees1,2791,3721,5281,6581,8271,9482,1172,995
Number of offices44444444

FDIC Call Reports.

Mergers and acquisitions

Large one-quarter moves at SoFi Bank

  • Total assets at SoFi Bank changed by +1067.3% in the quarter to 2022-03-31, with no FDIC structure event in that quarter.
  • Total assets at SoFi Bank changed by +116.6% in the quarter to 2022-06-30, with no FDIC structure event in that quarter.
  • Total assets at SoFi Bank changed by +48.1% in the quarter to 2022-09-30, with no FDIC structure event in that quarter.
  • Total assets at SoFi Bank changed by +39.5% in the quarter to 2022-12-31, with no FDIC structure event in that quarter.
  • Total assets at SoFi Bank changed by +45.1% in the quarter to 2023-03-31, with no FDIC structure event in that quarter.
  • Total assets at SoFi Bank changed by +33.7% in the quarter to 2023-06-30, with no FDIC structure event in that quarter.

Questions and identifiers

What were the total assets of SoFi Bank?

SoFi Bank reported $56.8 bn at in its Call Report. That makes SoFi Bank the 47th largest of 497 banks in our US coverage.

Is SoFi Bank the same as its holding company?

No. This page covers SoFi Bank, FDIC certificate 26881; SoFi Technologies, Inc., its holding company, reports separately to the Federal Reserve.

Is SoFi Bank profitable?

SoFi Bank reported net income of $504.1 mn for the year to ; annualized return on equity: 15.41%. So yes: SoFi Bank made a profit over these months.

When is data for SoFi Bank next updated?

Figures from SoFi Bank for are due after .

Where can I check the figures for SoFi Bank?

In the FDIC BankFind Suite record for certificate 26881, and in the Call Reports of SoFi Bank (RSSD ID 962966) at the FFIEC Central Data Repository.