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Empower

Deposits held and insured by Evolve Bank & Trust

Overview / Commentary
empower.me
888-943-8967
301 Shoppingway Boulevard
West Memphis, AR 72301
Deposits held and insured by Evolve Bank & Trust

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Health
A

Data as of Q2 2024

Data displayed below is for insuring bank: Evolve Bank & Trust
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Health Grade Components

Overall
FDIC Certificate #1299
Year Established1925
Employees485
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD8.82%
Annual Interest Income$42.1MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.68B$1.5B
LoansQ2 2024vs Q2 2023$1.01B$955.4MM
DepositsQ2 2024vs Q2 2023$1.14B$1.27B
Equity CapitalQ2 2024vs Q2 2023$161.7MM$146.1MM
Loan Loss AllowanceQ2 2024vs Q2 2023$16.4MM$12.3MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$4.7MM$10.3MM
Real Estate OwnedQ2 2024vs Q2 2023$83K$40K
Rates

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Locations

Empower is an Internet only bank and does not have branch locations. Its headquarters is located at 301 Shoppingway Boulevard - West Memphis, AR 72301

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