Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 113

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 113
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 3,565 Notes and securitizations10,710 11,482 (772)Bank and FHLB borrowings2,956 1,494 1,462 Total interest expense24,545 20,290 4,255 Net interest income14,549 10,981 3,568 Provision for credit losses7,712 6,928 784 Net interest income after provision for credit losses$6,837 $4,053 $2,784 

Interest Income

Loans and fees on loans: The $7.8 million increase in interest income on the Company’s loan portfolio was attributable to an increase in the average outstanding accrual portfolio of loans held for investment increasing to $1.6 billion from $1.2 billion for the three months ended September 30, 2025 and 2024, respectively. The increase in the average outstanding accrual loan portfolio resulted from the origination of new SBA 7(a) loans period over period.

85

Interest Expense

The following is a summary of interest expense by facility for the three months ended September 30, 2025 and 2024: 

Three Months EndedSeptember 30, 2025September 30, 2024ChangeDeposits$10,879 $7,314 $3,565 Notes and securitizations:Notes payable - Securitization Trusts2,974 5,078 (2,104)2024 Notes1— 201 (201)2025 5.00% Notes2— 462 (462)2025 8.125% Notes3— 1,147 (1,147)2026 Notes1,761 1,761 — 2027 Notes31,023 — 1,023 2028 Notes4887 887 — 2029 8.50% Notes51,655 1,655 — 2029 8.625% Notes61,739 291 1,448 2030 Notes7671 — 671 Total notes and securitizations10,710 11,482 (772)Bank and FHLB Borrowings:Bank notes payable2,900 1,362 1,538 FHLB Advances56 132 (76)Total bank and FHLB borrowings2,956 1,494 1,462