SoFi Bank, N.A.: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
The standout move of Q2 2026 was in Total interest expense: 14.7% higher than in Q1 2026, at $341.8M. SoFi Bank, N.A. ranks 16th of 44 Utah banks on net interest margin, in the upper half at 6.12% (Q2 2026). SoFi Bank, N.A.'s net interest margin of 6.12% is well above the 3.60% median for banks in the $10B-100B asset tier, a gap of 2.52 points (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 8.78% |
| Yield on loans | 9.53% |
| Yield on securities | 4.57% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.99% |
| Cost of interest-bearing deposits | 2.90% |
| Cost of interest-bearing liabilities | 3.03% |
| Cost of borrowings | 4.62% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 6.12% |
| Yield to cost spread | 5.75% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $1.05B |
| Total interest expense | $341.8M |
| Interest expense on deposits | $322.2M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 10.75% | 4.32% | 6.99% | 11.72% | 1.17% |
| Q4 2023 | 10.70% | 4.47% | 6.83% | 11.33% | 9.05% |
| Q1 2024 | 10.37% | 4.28% | 6.62% | 11.31% | 4.80% |
| Q2 2024 | 9.86% | 4.20% | 6.18% | 10.71% | 5.19% |
| Q3 2024 | 9.80% | 4.28% | 6.04% | 10.47% | 5.77% |
| Q4 2024 | 9.70% | 3.83% | 6.35% | 10.54% | 5.30% |
| Q1 2025 | 9.40% | 3.50% | 6.34% | 10.18% | 5.04% |
| Q2 2025 | 9.27% | 3.41% | 6.25% | 10.02% | 5.05% |
| Q3 2025 | 9.24% | 3.48% | 6.15% | 10.00% | 5.19% |
| Q4 2025 | 8.85% | 3.30% | 5.94% | 9.65% | 4.63% |
| Q1 2026 | 8.55% | 2.91% | 5.96% | 9.33% | 4.45% |
| Q2 2026 | 8.78% | 2.99% | 6.12% | 9.53% | 4.57% |
SoFi Bank, N.A. yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock SoFi Bank, N.A., freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full SoFi Bank, N.A. profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 26881) · FFIEC NIC profile (RSSD 962966)