Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 277

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 277
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5 $78 September 16, 2024October 10, 2024October 21, 2024$0.19 $4,837 8 $114 

F-54

NOTE 15—EARNINGS PER SHARE:

Basic and diluted earnings per share are computed based on the weighted average number of shares outstanding during each period. Diluted earnings per share reflects the potential dilution that could occur upon the exercise of stock options, to the extent outstanding, or upon the vesting of restricted stock grants, any of which would result in the issuance of Common Stock that would then share in the net income of the Company. 

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Basic earnings per share:Net income available to common shareholders$17,429 $11,534 $39,699 $31,329 Weighted-average basic shares outstanding25,600 25,425 25,310 24,773 Basic earnings per share$0.68 $0.45 $1.57 $1.26 Diluted earnings per share:Net income, for diluted earnings per share$17,429 $11,534 $39,699 $31,329 Add: Preferred dividends on dilutive Series A convertible preferred stock¹— 400 — — Net income, for diluted earnings per share$17,429 $11,934 $39,699 31,329 Total weighted-average basic shares outstanding25,600 25,425 25,310 24,773 Add effect of dilutive restricted stock awards²443 213 458 151 Add effect of dilutive Series A convertible preferred stock³— 951 — — Total weighted-average diluted shares outstanding426,043 26,589 25,768 24,924 Diluted earnings per share$0.67 $0.45 $1.54 $1.26 Anti-dilutive warrants, restricted stock awards, and Series A convertible preferred stock 48 48 48 998 1    For periods presented other than the three months ended September 30, 2024, the Series A convertible preferred stock was anti-dilutive and, therefore, the preferred dividends have not been added back to the numerator of Net income, for diluted earnings per share.2    Incremental diluted shares from