Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 322

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 322
---
 net premiums on sales of guaranteed portions of SBA 7(a) loans realized by NewtekOne:

SBA 7(a) Sales Price as Percent of Principal Balance (%)AverageHighLowMedianYear ended December 31, 2023110.20 %114.04 %106.00 %110.42 %Year ended December 31, 2024110.97 %114.80 %107.18 %111.19 %Three months ended June 30, 2025110.08 %112.10 %109.40 %110.51 %Weighted Average110.60 %114.80 %106.00 %110.83 %

Net Gain on Residuals in Securitizations

Net gains on residuals in securitizations for the three months ended June 30, 2025 were $31.5 million. There were no net gains on residuals in securitizations for the three months ended June 30, 2024. This resulted from the Company’s equity interest in the 2025-1 Securitization Trust which closed on April 23, 2025. To consummate the transaction, $216.6 million of ALP loans held for sale at fair value were sold into the securitization trust at par. This resulted in $35.4 million of previously recorded gains on ALP loans under the fair value option to be reversed, which was a large driver of the change described in the section below. The residual in the securitization (represented by the ownership certificate) was then valued resulting in a gain that was netted against the transaction costs. Refer to NOTE 3—SECURITIZATIONS AND VARIABLE INTEREST ENTITIES in the accompanying notes to the consolidated financial statements for additional information.

Net Gain (Loss) on Loans Accounted for Under the Fair Value Option

Net gain (loss) on loans accounted for under the fair value option for the three months ended June 30, 2025 and 2024 were as follows:

For the three months endedJune 30, 2025June 30, 2024ChangeSBA 7(a) Unguaranteed Loans$(2,767)$(3,788)$1,021 SBA 7(a) Guaranteed Loans10,631 13 10,618 SBA 504 and Non-SBA Loans(19,625)881 (20,506