SoFi Bank, National Association is headquartered in Cottonwood Heights, Utah. It is a national bank (chartered by the OCC), established 12/29/1986 and insured by the FDIC since 12/29/1986. At the 06/30/2026 reporting date it held $56.8 billion in assets and $46.8 billion in deposits across 4 offices.
Size
By total assets it ranks #46 of 4,213 active FDIC-insured banks in the United States. Among the 44 FDIC-insured banks headquartered in Utah it ranks #7.
Capital and earnings
| Equity capital | $7.3 billion (12.8% of assets) |
|---|---|
| Net income, year to date | $504 million through 06/30/2026 |
| Return on assets (annualized) | 1.98% |
Equity capital is what the bank owns after subtracting its liabilities; a higher share of assets means a thicker cushion against losses. These are the bank’s own regulatory filings, not a rating or a recommendation.
Is it FDIC insured?
Yes. SoFi Bank, National Association holds FDIC certificate number 26881. Deposits are insured up to $250,000 per depositor, per insured bank, per ownership category. You can confirm this on the bank’s FDIC BankFind page.
Other large banks in Utah
- Morgan Stanley Bank, National Association, $419 billion in assets
- American Express National Bank, $214 billion in assets
- Ally Bank, $188 billion in assets
- UBS Bank USA, National Association, $124 billion in assets
- Synchrony Bank, $115 billion in assets
- Zions Bancorporation, N.A., $89.0 billion in assets
Banks of a similar size
- Columbia Bank, #44, $65.4 billion in assets
- Banco Popular de Puerto Rico, #45, $63.3 billion in assets
- Frost Bank, #47, $54.0 billion in assets
- BOKF, National Association, #48, $53.0 billion in assets
Related
- Credit unions in Utah
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- Utah property tax, home prices and banks
- Our review: SoFi Personal Loan
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This page reports regulatory data only. It does not show the bank’s rates or products, which change often and are listed on the bank’s own site. sofi.com