[John S Mosby]

Zee— just curious- is the SoFi Bank one of those FinTech digital banks?

Have run into SoFi (checks from this bank) several times the last year in lease payments being made. The checks clear so far- but had never heard of this bank, and assumed it was like an Ally Bank, or EverBank etc.

[zeestephen]

SoFi would have qualified as a FinTech when it first opened for business, in 2011. It was 100% focused on reducing the cost of student loans.

Today, it is still exclusively online, but it has morphed into a Full Service financial company. In 2024, it would be difficult to find a financial business that SoFi is NOT in.

SoFi stock went public in late 2020. It peaked around $28 in early 2021. It has been trading in the $5-$10 range since early 2022.

They have a very aggressive acquisition and business development plan. Their Earnings Per Share have actually been negative over the last four quarters - not necessarily alarming for an aggressive company.

SoFi Debt-to-Equity is $3.4B-to-$6.8B, which is completely reasonable for an aggressive company.

My first impression...

All of their company and bank checks will clear. However, I would avoid SOFI stock.