Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 276

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 276
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POS is a provider of a cloud based Point of Sale (POS) system for a variety of restaurant, retail, assisted living, parks and golf course businesses, which provides not only payments and purchase technology solutions, but also inventory, customer management, reporting, employee time clock, table and menu layouts, and ecommerce solutions as the central operating system for an SMB.Corporate and Other The information provided under the caption “Corporate and Other” represents operations not considered to be reportable segments and/or general operating expenses of the Company, and includes the parent company, other non-bank subsidiaries including NIA and PMT, and elimination adjustments to reconcile the results of the operating segments to the condensed consolidated financial statements prepared in conformity with GAAP.Former Reportable SegmentTechnologyNTS provided website hosting, web design and development, dedicated server hosting, cloud hosting, internet marketing, ecommerce, data storage, backup and disaster recovery, and other related services including consulting and implementing technology solutions for enterprise and commercial clients across the U.S. As a result of commitments made to the Federal Reserve in connection with the Acquisition, the Company divested of NTS on January 2, 2025. As a result of the Company’s completion of the NTS Sale, Technology will no longer be reported as a reportable segment. See NOTE 4—INVESTMENTS: Intelligent Protection Management Corp.

F-57

The following tables provide financial information for the Company's segments:As of and for the six months ended June 30, 2025BankingAlternative LendingNSBFPaymentsCorporate & OtherConsolidatedSegmentElimSegmentElimSegmentElimSegmentElimSegmentElimInterest income$47,091 $(4)$14,037 $(33)$13,350 $(256)$1,135 $(1,108)$714 $(518)$74,408 Interest expense19,789 (399)4,031 — 6,547 — 1,282 (33)16,822 (1,487)46,552 Net interest income/(loss)27,302 395 10,006 (33)6,803 (256)(147)(1,075)(16,108)969 27,856 Provision for loan credit losses22,622 — — — — — — — — — 22,622 Net interest income after provision for loan credit losses4,680 395 10,006 (33)6