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SoFi Technologies (STU:6B0) Net Interest Income (for Banks) : €1,320 Mil (As of Mar. 2024)


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What is SoFi Technologies Net Interest Income (for Banks)?

Net interest income is the income earned by banks from the fund they have on their balance sheet. SoFi Technologies's net interest income for the three months ended in Mar. 2024 was €371 Mil. Its net interest income for the trailing twelve months (TTM) ended in Mar. 2024 was €1,320 Mil.

SoFi Technologies's quarterly net interest income increased from Sep. 2023 (€323 Mil) to Dec. 2023 (€357 Mil) and increased from Dec. 2023 (€357 Mil) to Mar. 2024 (€371 Mil).

SoFi Technologies's annual net interest income increased from Dec. 2021 (€223 Mil) to Dec. 2022 (€551 Mil) and increased from Dec. 2022 (€551 Mil) to Dec. 2023 (€1,157 Mil).

SoFi Technologies Net Interest Income (for Banks) Historical Data

The historical data trend for SoFi Technologies's Net Interest Income (for Banks) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SoFi Technologies Net Interest Income (for Banks) Chart

SoFi Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Income (for Banks)
Get a 7-Day Free Trial 296.85 146.26 223.24 551.39 1,157.02

SoFi Technologies Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Income (for Banks) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 220.43 268.71 323.23 357.30 370.50

SoFi Technologies Net Interest Income (for Banks) Calculation

Income earned by banks from the fund they have on their balance sheet. These funds can be from customers' deposit, bank's own equity or borrowed.

Net Interest Income (for Banks) for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,320 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SoFi Technologies (STU:6B0) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (STU:6B0) » Definitions » Net Interest Income (for Banks)
Comparable Companies
ALLY OBDC CACC FCFS OMF WU NNI SLM SYF QFIN V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN
Traded in Other Exchanges
SOFI:USA SOFI:Mexico 6B0:Germany
Address
234 1st Street, San Francisco, CA, USA, 94105
Website
https://www.sofi.com
SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.

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