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Sofi Bank, National Association

Cottonwood Heights, UT · Cert 26881 · Sofi Technologies Inc.

National charter · OCC · 4 branches

Q2 2026

$56.8BAssets
$46.7BLoans
$46.8BDeposits
$7.3BEquity
Loan mix
4%RE $1.8B0%C&I $0.0B96%Consumer $38.4BQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $46.6B0%Noninterest $0.1BQ2 2025Q2 2026

NIM

9.43%Q2 ’248.68%Q2 ’257.92%Q2 ’26-2%-6%

Non-interest income vs. expense

5.06%Q2 ’245.55%Q2 ’255.36%Q2 ’26-18%-7%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 4.0% share · #7 of 57 inst. · $46.6B of $1175.7B

4.0% Salt Lake
4.9% Sutter
0.0% Sacramento

Executive Summary

  • Earnings: ROA of 1.98%, down 8 bps year over year; NIM at 5.54%.
  • Asset quality: problem loans at 0.08% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 13.34%, down 32 bps from a year ago.
  • Funding: loans stand at 99.87% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.98%-8 bps YoY

Net Interest Margin (YTD, annualized)

5.54%-35 bps YoY

Efficiency Ratio (YTD, annualized)

67.20%+31 bps YoY

Tier 1 Leverage Ratio

13.34%-32 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.05%2.01%1.96%2.03%1.98%-8 bps
Return on Equity14.52%14.23%14.17%15.84%15.41%+88 bps
Net Interest Margin5.89%5.43%5.14%5.75%5.54%-35 bps
Efficiency Ratio66.89%67.55%68.09%66.98%67.20%+31 bps
Non-Interest Burden3.12%2.91%2.79%3.00%2.92%-21 bps
Growth
Asset Growth (YoY)32.61%40.96%49.80%51.16%56.60%+2,399 bps
Loan Growth (YoY)33.16%38.92%44.73%50.64%54.10%+2,095 bps
Deposit Growth (YoY)28.56%37.34%52.67%54.55%57.39%+2,883 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.08%0.09%0.09%0.08%0 bps
Net Charge-Offs / Loans0.10%0.08%0.07%0.08%0.07%-2 bps
Allowance / Loans0.16%0.15%0.14%0.13%0.12%-4 bps
Allowance Coverage of NPLs1.9x1.8x1.5x1.5x1.5x-0.4x
Capital
Tier 1 Leverage Ratio13.66%14.30%13.54%12.77%13.34%-32 bps
Total Risk-Based Capital15.29%17.76%16.58%15.42%15.29%-1 bps
Equity / Assets13.53%14.10%12.95%12.74%12.81%-72 bps
Liquidity & Funding
Loans / Deposits102.01%100.02%92.67%96.65%99.87%-213 bps
Liquid Assets / Assets5.97%7.75%9.98%6.52%5.32%-65 bps
CRE / Total Capitaln/a2.68%2.75%2.59%n/an/a