How SoFi's Bank Charter Could Pay Off for Long-Term Investors

SoFi Technologies' 2022 acquisition of Golden Pacific Bancorp to obtain a national bank charter has transformed the company's financial operations. The move dramatically reduced funding costs and enabled rapid deposit growth from $1.2 billion to $40.2 billion in four years, with deposits now representing 94% of liabilities. This has driven net interest income up 781% from 2021 to 2025, positioning the company for continued earnings growth at an expected 40% compound annual rate over the next three years.