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SEC Filings

8-K
GREENSKY, INC. filed this Form 8-K on 11/13/2018
Entire Document
 

Why Do Banks Want to Lend Through GreenSky’s Platform? Less: Interest Expenses 1.02% 1.02% +53% higher Statistics Across All FDIC Banks4 Net Interest Margin After Losses 3.40% 2.86% 2.90% 2.90% 2.91% 6.24% 2.94% Margin Net Charge-Off Rate 1 This example reflects a typical origination and servicing arrangement with a bank partner. Each agreement’s terms are slightly different. 2 Assumes 60 bps loss net charge-off rate for all returns. 3 Banks generally pay a servicing fee of approximately 100bps 4 FDIC Data as of June 2018 20 3.38 % 3.35 % 3.79 % 10.26 % 3.56 % 2.95 % 4.00 % 4.02 % 0.88 % 1.14 % 0.48 % 0.45 % 0.16 % 0.01 % All Insured Institutions Commercial Banks Savings Institutions Net Interest Credit Card Lenders Commercial Lenders Mortgage Lenders Consumer Lenders Net Interest Income 3.38%2.73% Less Losses20.60%0.00% Net Interest Income after Losses2.78%2.73% Less: Cost of Servicing3 1.00%0.00% Net Interest Income After Losses and Servicing Costs1.78%2.73% Return w/ Bank Lending ExampleTraditional ReturnGreenSky1 Interest Income 4.40% 3.75%