Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 174

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 174
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Loans held for investment(4,383)14,645 10,262 Total interest income(9,997)35,808 25,811 Interest expense:Demand(158)664 506 Savings and NOW(1,971)5,777 3,806 Money Market(91)884 793 Time(728)5,949 5,221 Borrowings(1,076)3,169 2,093 Total interest expense(4,024)16,443 12,419 Net interest income$(5,973)$19,365 $13,392 

 Noninterest Income

Nine months ended September 30,2025/2024 Increase/(Decrease)20252024AmountPercentDividend income$2,711 $1,128 $1,583 140.3 %Net loss on loan servicing assets(12,500)(5,383)(7,117)132.2 Servicing income17,655 14,922 2,733 18.3 Net gains on sales of loans38,050 68,531 (30,481)(44.5)Net gain on residuals in securitizations30,015 — 30,015 100.0 Net gain (loss) on loans under the fair value option35,566 (4,181)39,747 (950.7)Technology and IT support income— 14,255 (14,255)(100.0)Electronic payment processing income33,401 35,409 (2,008)(5.7)Other noninterest income24,163 28,557 (4,394)(15.4)  Total noninterest income$169,061 $153,238 $15,823 10.3 %

Dividend Income

For the nine months ended September 30, 2025 and 2024, dividend income was dependent on the earnings of our joint ventures.

79

Net Loss on Loan Servicing Assets

The Company accounts for servicing assets in accordance with ASC Topic 860-50 - Transfers and Servicing - Servicing Assets and Liabilities. The Company earns servicing fees from the guaranteed portions of SBA 7(a) loans it originates and sells, from the SBA 7(a) loan securitizations sponsored by NSBF, and from servicing the ALP portfolios in securitizations