00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Sophie raised its 2026 revenue forecast above Wall Street expectations
00:07after reporting record second quarter loan originations,
00:11member growth and revenue, according to Reuters.
00:13Resilient borrowers have kept credit quality stable,
00:16allowing consumer lenders to expand their loan portfolios and interest income
00:21despite high rates and living costs. Adjusted earnings came in at 12 cents per share,
00:26beating estimates of 11 cents, while adjusted revenue rose 40%
00:31to a record $1.2 billion, topping expectations of $1.12 billion.
00:37Total loan originations reached a record $14.8 billion
00:41and membership increased 35% to $15.8 million.
00:46CEO Anthony Noto told Reuters that spending and demand remain strong,
00:50while credit performance continues to meet or exceed SoFi's expectations.
00:54For all things money, visit Benzinga.com.
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