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Earnings Call Summary | SoFi Technologies(SOFI.US) Q1 2024 Earnings Conference

Earnings Call Summary | SoFi Technologies(SOFI.US) Q1 2024 Earnings Conference

财报电话会议摘要 | SoFi Technologies (SOFI.US) 2024 年第一季度财报会议
富途资讯 ·  04/29 23:48  · 电话会议

The following is a summary of the SoFi Technologies, Inc (SOFI) Q1 2024 Earnings Call Transcript:

以下是SoFi科技公司(SOFI)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • SoFi reported Q1 revenue of $581 million, a 26% YoY growth and an adjusted EBIDTA of $144 million, a 91% increase year-on-year.

  • The net income achieved was $88 million, with a significant boost from a $59 million one-time benefit due to exchange of convertible notes.

  • SoFi's book value saw a growth of $608 million, standing at $4.1 billion now.

  • The company's adjusted earnings per share for Q1 was $0.02.

  • Despite a flat year over year result in the lending sector, a record growth of $336 million in home loan originations was reached, marking a 274% YoY increase.

  • SoFi报告称,第一季度收入为5.81亿美元,同比增长26%,调整后的息税折旧摊销前利润为1.44亿美元,同比增长91%。

  • 实现的净收入为8,800万美元,这与可转换票据交换产生的5900万美元一次性收益相比得到了显著提振。

  • SoFi的账面价值增长了6.08亿美元,目前为41亿美元。

  • 该公司第一季度调整后的每股收益为0.02美元。

  • 尽管贷款行业的业绩同比持平,但住房贷款发放额仍创下了创纪录的3.36亿美元增长,同比增长了274%。

Business Progress:

业务进展:

  • SoFi expanded its member base to 8.1 million, a growth of 44% YoY, aided by continued investment in product development and sales strategy diversification.

  • SoFi Money accounts saw a 61% YoY increase, reaching 3.9 million with majority of deposits from direct deposit members.

  • Strategic transactions carried out in Q1 lead to structure optimization and boosted capital capacity, with sell off of $1.9 billion worth loan portions in Q1.

  • 2024 objectives include maintaining a net interest margin above 5%, addition of minimum 2.3 million members marking a 30% growth and an adjusted net revenue between $2.39 billion and $2.43 billion.

  • Strong growth trends are expected due to record deposit growth in Q1, more product uptake, and the continuous development of the credit model especially in the credit card segments.

  • SoFi将其成员基础扩大到810万,同比增长44%,这得益于对产品开发和销售战略多元化的持续投资。

  • SoFi Money账户同比增长61%,达到390万个,其中大部分存款来自直接存款会员。

  • 第一季度进行的战略交易促进了结构优化并提高了资本容量,第一季度出售了价值19亿美元的贷款。

  • 2024年的目标包括将净利率维持在5%以上,增加至少230万名会员,实现30%的增长,调整后的净收入在23.9亿美元至24.3亿美元之间。

  • 由于第一季度创纪录的存款增长、更多的产品吸收以及信贷模式的持续发展,尤其是信用卡领域的持续发展,预计将出现强劲的增长趋势。

More details: SoFi Technologies IR

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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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