Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 7

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 7
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,154 161,330 228,976 Net fair value changes on loans and related obligations8,422 228,177 238,644 249,252 Fee income8,813 8,054 21,898 22,472 Non-funding interest expense, net(14,488)(9,219)(44,623)(26,639)Net other income (expense)2,747 227,012 215,919 245,085 Total revenues80,848 290,073 423,919 443,794 ExpensesSalaries, benefits, and related expenses37,245 31,083 108,149 105,159 Loan production and portfolio related expenses25,527 6,946 46,319 21,221 Loan servicing expenses8,168 7,772 23,434 23,622 Marketing and advertising expenses11,231 10,325 34,227 29,543 Depreciation and amortization9,643 9,777 28,955 29,208 General and administrative expenses12,780 14,405 38,939 47,917 Total expenses104,594 80,308 280,023 256,670 Impairment of other assets— — — (600)Other, net(4,809)(1,592)(8,803)2,101 NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES$(28,555)$208,173 $135,093 $188,625 

Net interest income

All of our financial instruments, with the exception of certain notes payable, are either recorded at fair value or the carrying value approximated fair value. The interest recognized on these financial instruments is recorded in Interest income or Interest expense in the Condensed Consolidated Statements of Operations. The interest on our notes payable is recorded in Non-funding interest expense, net, in the Condensed Consolidated Statements of Operations. We evaluate net interest income through an evaluation of all components of interest income and interest expense.

52

The following table provides an analysis of all components of net interest income (in thousands):

Three months endedNine months endedSeptember 30,September 30,2025202420252024Interest income:Interest income on mortgage loans$478,536 $486,349 $1,434,459 $1,420,634 Other