Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 7

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 30, 202420 $19,738 25,852 $517 $38,251 $215,633 $(137)$274,002 

F-14See accompanying notes to consolidated financial statements.

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(In Thousands)Six Months Ended June 30,20252024Cash flows from operating activities:Net income$23,070 $20,595 Adjustments to reconcile net income to net cash used in operating activities:Net unrealized depreciation (appreciation) on joint ventures96 (3,430)Net (gain) loss on loans accounted for under the fair value option(6,316)96 Net gain on residuals in securitizations(31,465)— Net loss on loan servicing assets8,007 3,597 Net unrealized depreciation (appreciation) on warrants and derivative transactions1,468 (206)Net gain on sales of loans(28,487)(42,856)Net accretion of premium/discount on debt securities available-for-sale and loans(1,051)(113)Amortization of deferred financing costs and deferred loan fees and costs2,096 2,096 Provision for credit losses22,622 9,814 Lower of cost or market adjustment on loans held for sale(15)83 Bad debt expense, net of recoveries85 978 Stock compensation expense3,390 1,343 Deferred income tax expense (benefit)(2,439)3,287 Depreciation and amortization420 1,053 Proceeds from sale of loans held for sale217,267 391,228 Sale of loans held for sale from affiliate— 98,596 Funding of loans held for sale(508,393)(516,648)Principal received on loans held for sale5,608 9,128 Other, net(1,244)(26)Changes in operating assets and liabilities:Settlement receivable32,759 (17,698)Other assets(1,351)(4,992)Due to participants4,354 (1,389)Accounts payable, accrued expenses and other liabilities(999)9,713 Net cash used in operating activities(260,518)(35,751)

F-15See accompanying notes to consolidated financial statements.

NEWTEKONE, INC