SoFi Technologies (SOFI) Mortgage Banking (2020 - 2023)

SoFi Technologies (SOFI) has reported Mortgage Banking for 4 consecutive years, with -$6.3 million the latest figure, recorded in Q3 2023.

• In Q3 2023, Mortgage Banking rose 28.2% year-over-year to -$6.3 million; the TTM figure through Sep 2023 stood at -$30.6 million (up 23.53% YoY), while the FY2022 annual figure was -$40.0 million, down 169.35% from the prior year.
• Mortgage Banking grew to -$6.3 million in Q3 2023 per SOFI's latest filing, from -$12.9 million in the prior quarter.
• Across five years, Mortgage Banking topped out at $12.8 million in Q3 2020 and bottomed at -$12.9 million in Q2 2023.
• Historically, Mortgage Banking has averaged -$4.6 million across 4 years, with a median of -$6.8 million in 2020.
• Annual changes were most pronounced in 2022 — Mortgage Banking sank 45042.31% — and 2023, when it jumped 71.84%.
• SoFi Technologies' Mortgage Banking stood at -$7.2 million in 2020, then declined by 13.8% to -$8.2 million in 2021, then climbed by 0.1% to -$8.2 million in 2022, then advanced by 23.58% to -$6.3 million in 2023.
• Business Quant data shows SOFI's Mortgage Banking at -$6.3 million in Q3 2023, -$12.9 million in Q2 2023, and -$3.2 million in Q1 2023.