Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 283

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 283
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 “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 for commercial clients. 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 is no longer be reported as a reportable segment. See NOTE 4—INVESTMENTS: Intelligent Protection Management Corp.

F-59

The following tables provide financial information for the Company's segments:As of and for the nine months ended September 30, 2025BankingAlternative LendingNSBFPaymentsCorporate & OtherConsolidatedSegmentElimSegmentElimSegmentElimSegmentElimSegmentElimInterest income$74,811 $(7)$19,566 $(69)$19,239 $(372)$1,872 $(1,829)$933 $(642)$113,502 Interest expense30,943 (616)6,141 — 9,521 — 2,088 (49)25,318 (2,249)71,097 Net interest income/(loss)43,868 609 13,425 (69)9,718 (372)(216)(1,780)(24,385)1,607 42,405 Provision for loan credit losses30,334 — — — — — — — — — 30,334 Net interest income after provision for loan credit losses13,534 609 13,425 (69)9,718 (372)(216)(1,780)(24,385)1,607 12,071 Noninterest income105,339 (21,734)55,537 — (7,491)— 35,881 (1,910)73,788 (70,349)169,061 Electronic payment processing expense— — — — — — 14,333 (1