SoFi Technologies Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
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Corporate/Other Non-Reportable Segment
Non-segment operations are classified as Corporate/Other, which includes net revenues associated with corporate functions, non-recurring gains and losses from non-securitization investment activities and interest income and realized gains and losses associated with investments in AFS debt securities, all of which are not directly related to a reportable segment. Net interest expense within Corporate/Other also reflects the financial impact of our capital management activities within the treasury function, which reflects the residual impact from FTP charges and FTP credits allocated to our reportable segments under our FTP framework. The following table presents the measure of total net income (loss) for Corporate/Other:
| Three Months EndedMarch 31, · 2024 vs 2023 | ||||
|---|---|---|---|---|
| ($ in thousands) | 2024 | 2023 | $ Change | % Change |
| Net interest income (expense) | $15,968 | $(23,074) | $39,042 | n/m |
| Noninterest income (loss) | 53,634 | (837) | 54,471 | n/m |
| Total net income (loss) | $69,602 | $(23,911) | $93,513 | n/m |
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