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Q2 2026 · read from the 30 June 2026 Call Report · United States · Mountain West · Utah, the state note

Sofi Bank National Association

Cottonwood Heights, Utah · $56.82B in assets · beside the 11 other Utah banks over $10B

The filing

0.08%
NPA / loans
1st of 12
+54.1%
Loans, year over year
1st of 12, largest first
1.5x
Coverage of noncurrent
11th of 12

Sofi Bank National Association is the sixth largest of the 12 Utah banks nearest its size over $10B, with $56.82B in assets at 30 June 2026. Loans are 99.9% of deposits, 7th of 12 against a median of 95.9%, and equity is 12.8% of assets, 4th of 12. Loans grew +54.1% in the year, the fastest in the cohort, and deposits grew 57.4%; the cohort's median loan growth is +8.2%.

Noncurrent loans are 0.08% of the book, the lowest in the cohort against a median of 0.55%; 0.28% is 30 to 89 days past due, and the allowance covers them 1.5 times. Commercial real estate is 0.3% of loans, 7th of 12 against a median of 0.3%, and 2% of capital, below the 300% screen, with construction at 0% against the 100% screen. CRE has grown +77.1% over 36 months, past the guidance's 50% prong.

Return on assets is 1.89%, 7th of 12 against a median of 2.07%, on an efficiency ratio of 67.3%, 10th of 12. Five years ago it was 0.53%. The question is whether the new lending seasons as cleanly as the book it joined, and what funded it.

Nonperforming loans, share of loansUT banks over $10B · 30 June 2026 · lower is stronger, listed first
median 0.55% SB Sofi Bank National Association 0.08% BB BMW Bank of North America 0.09% UB UBS Bank USA National Association 0.12% OB Optum Bank Inc 0.21% WB Wex Bank 0.44% ZB Zions Bcorp N A 0.47% AE American Express National Bank 0.63% SM Sallie Mae Bank 0.65% HB Happen Bank National Association 0.82% AB Ally Bank 0.85% SB Synchrony Bank 2.04% CC Comenity Capital Bank 3.21%
Loans, year over yearUT banks over $10B · 30 June 2026 · no better direction, largest first
median +8.2% SB Sofi Bank National Association +54.1% OB Optum Bank Inc +25.3% HB Happen Bank National Association +16.9% WB Wex Bank +16.0% BB BMW Bank of North America +8.6% CC Comenity Capital Bank +8.3% AB Ally Bank +8.0% AE American Express National Bank +7.2% UB UBS Bank USA National Association +6.9% SB Synchrony Bank +2.7% ZB Zions Bcorp N A +2.5% SM Sallie Mae Bank -7.0%

SBA 7(a), FY2008 to FY2026

Sofi Bank National Association is the 92nd largest 7(a) lender into California of 512, with $111M across 201 loans, 0.2% of everything approved in the state (Wells Fargo Bank National Association leads with $5.56B). 233 of its 233 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in California, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Sacramento, CA$38M15th of 1701.7%quiet FY2019
San Joaquin, CA$13M21st of 1301.4%quiet FY2018
Placer, CA$9M24th of 1221.1%quiet FY2018
Amador, CA$8M1st of 3910.8%quiet FY2017
Santa Clara, CA$6M67th of 1870.2%quiet FY2018
Butte, CA$5M10th of 762.7%quiet FY2017
El Dorado, CA$4M25th of 1011.2%quiet FY2017
Solano, CA$4M32nd of 1090.9%quiet FY2016
Yolo, CA$3M33rd of 910.9%quiet FY2017
San Francisco, CA$2M74th of 1400.2%quiet FY2017
Yuba, CA$2M17th of 372.7%quiet FY2014
Washoe, NV$2M56th of 1130.3%quiet FY2016
Calaveras, CA$2M9th of 344.2%quiet FY2015
220 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services47$30M22.7%0.04%312th of 2,596
Retail trade79$20M15.7%0.03%310th of 2,589
Other services55$13M10.3%0.04%306th of 2,248
Manufacturing19$12M9.4%0.03%410th of 2,246
Construction55$8M6.4%0.03%401st of 2,063
7(a) lenders into California, share of approvals since FY2008512 lenders on record; the ten largest and Sofi Bank National Association
WF Wells Fargo Bank National Associa… 8.5% $5.56B · 15,065 loans UB U.S. Bank, National Association 7.3% $4.78B · 14,424 loans LO Live Oak Banking Company 4.5% $2.95B · 2,312 loans EB Enterprise Bank & Trust 4.3% $2.82B · 2,975 loans Bo Bank of Hope 3.9% $2.57B · 6,200 loans CB Columbia Bank 3.6% $2.33B · 3,734 loans JC JPMorgan Chase Bank, National Ass… 2.8% $1.86B · 9,370 loans OB Open Bank 2.5% $1.65B · 1,421 loans HS Harvest Small Business Finance, L… 2.4% $1.59B · 1,278 loans CB Celtic Bank Corporation 2.4% $1.57B · 2,551 loans SB Sofi Bank, National Association 0.2% $111M · 201 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Sofi Bank National AssociationRankCohort median
Total CRE against capital, the 300% screen2%7th of 122%
Construction against capital, the 100% screen0%2nd of 120%
Construction and land development, share of loans0.0%2nd of 120.0%
Non-owner-occupied nonfarm nonresidential, share of loans0.0%7th of 120.0%
Total CRE, the guidance definition, share of loans0.3%7th of 120.3%
CRE growth over 36 months, the third prong+77.1%7th of 10+17.1%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
American Express National Bank$213.95B3.7%71.8%0.63%2.39%3.3%100.5%9.0%
Ally Bank$188.18B1.2%49.0%0.85%1.13%2.5%91.9%8.3%
UBS Bank USA National Association$124.44B1.1%26.3%0.12%-0.01%0.1%85.1%7.6%
Synchrony Bank$115.22B2.8%36.8%2.04%5.38%10.2%114.9%12.9%
Zions Bcorp N A$89.04B1.5%62.8%0.47%0.04%1.1%81.7%8.6%
Sofi Bank National Association$56.82B1.9%67.3%0.08%0.07%0.1%99.9%12.8%
Sallie Mae Bank$28.54B2.8%33.0%0.65%1.91%6.4%103.9%10.2%
Optum Bank Inc$21.43B2.5%29.2%0.21%0.22%0.9%60.2%14.8%
Comenity Capital Bank$13.86B1.7%56.2%3.21%7.47%11.4%107.2%13.0%
BMW Bank of North America$13.80B2.2%17.1%0.09%0.19%0.5%107.5%12.8%
Happen Bank National Association$12.48B1.8%74.4%0.82%2.07%2.7%64.9%11.5%
Wex Bank$10.71B4.0%57.3%0.44%1.69%1.3%55.4%8.0%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Sofi Bank National AssociationCohort median
20212026Change20212026Change
Loans$104M$46.72B+44745%$14.99B$33.92B+126%
Deposits$148M$46.78B+31590%$16.64B$33.55B+102%
NPA / loans1.84%0.08%-1.76 pts0.64%0.55%-0.09 pts
Efficiency81.8%67.3%-14.5 pts47.2%52.6%+5.3 pts
ROA0.53%1.89%+1.36 pts2.05%2.07%+0.01 pts

This read was prepared for Sofi Bank National Association's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Sofi Bank National Association is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort UT banks over $10B
Institution www.sofi.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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