Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 256

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 256
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 rollforward of servicing assets, at fair value. The following tables show a rollforward of servicing assets, at LCM for the nine months ended September 30, 2025 and 2024: Servicing Assets, at LCMSeptember 30, 2025September 30, 2024Balance at beginning of the period$24,195 $10,389 Amortization1(7,461)(2,959)Additions213,806 14,715 Impairment assessment— — Balance at end of the period$30,540 $22,145 1    Included within Net loss on loan servicing assets in the Consolidated Statements of Income2    Included within Net gains on sales of loans in the Consolidated Statements of Income

Servicing income earned for the three and nine months ended September 30, 2025 and 2024 was as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Servicing income$6,076$4,958$17,655$14,922

F-39

NOTE 8—GOODWILL AND INTANGIBLE ASSETS:GoodwillThe following table summarizes the carrying amount of goodwill:September 30, 2025December 31, 2024Banking$271 $271 Payments13,814 13,814 Total goodwill$14,085 $14,085 Banking: The goodwill in the banking segment was generated from the Acquisition, representing the excess of the purchase price over the fair value of the net assets acquired.Payments: The goodwill in the payments segment was generated from acquisitions by the legal entities within this segment prior to the consolidation of those entities into NewtekOne following the Acquisition.

Intangible AssetsThe following table summarizes intangible assets:At September 30, 2025At December 31, 2024Gross carrying AmountAccumulated AmortizationNet Carrying amountGross carrying AmountAccumulated AmortizationNet Carrying amountBanking - Core Deposits$1,040 $(492)$548 $1,040 $(373)$667 Core Deposits Intangible. CDI is a measure of the value of non-interest-bearing and interest-bearing checking accounts, savings accounts, and money market accounts that are acquired in a business combination. The fair value of the CDI stemming from any given business combination is based on the present value of the expected cost savings attributable