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

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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192,132 Net (decrease) increase in cash and restricted cash(164,443)7,880 Cash and restricted cash—beginning of period (NOTE 2)381,374 184,006 Deconsolidation of cash and restricted cash from controlled investments related to business dispositions— (1,464)Cash and restricted cash—end of period (NOTE 2)$216,931 $190,422 

F-16See accompanying notes to consolidated financial statements.

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(In Thousands)Nine Months Ended September 30,20252024Non-cash operating, investing and financing activities:Foreclosed real estate acquired$7,599 $2,251 Dividends declared but not paid during the period$5,387 $5,237 IPM stock acquired$8,200 $— IPM earn-out$2,268 $— Loans and accrued interest acquired upon acquisition of 100% of NCL JV$26,213 $— Supplemental disclosure of cash flow information:Interest paid$71,899 $59,570 Income taxes paid $10,699 $7,215 

F-17See accompanying notes to consolidated financial statements.

NEWTEKONE, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1—DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION:The Company is a financial holding company that is a leading provider of business and financial solutions to independent business owners (SMBs) and provides SMBs with the following Newtek® branded business and financial solutions: Newtek Banking, Newtek Alternative Lending, Newtek Payments, Newtek Insurance and Newtek Payroll.NewtekOne reports on a consolidated basis the financial condition and results of operations for the following consolidated subsidiaries: Newtek Bank; NSBF; NMS (and its subsidiary Mobil Money); NBC; PMT; NIA; TAM; POS; and NALH.Except as otherwise noted, all financial information included in the tables in the following footnotes is stated in thousands, except per share data.

The accompanying notes to the consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed on March 17, 2025