Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 182

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 182
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 to changes in volume (changes in volume multiplied by prior rate). The total column represents the sum of the prior columns. For purposes of this table, increases or decreases attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on the changes due to rate and the changes due to volume.

Three Months Ended June 30,2025 vs. 2024Increase (Decrease) Due toRateVolumeTotalInterest income:Other interest-earning assets$(45)$789 $744 Investment securities64 (222)(158)Loans held for sale(10,668)13,433 2,765 Loans held for investment(4,322)8,136 3,814 Total interest income(14,971)22,136 7,165 Interest expense:Demand(181)427 246 Savings and NOW(1,696)2,376 680 Money Market105 220 325 Time(4,750)5,991 1,241 Borrowings(643)519 (124)Total interest expense(7,165)9,533 2,368 Net interest income$(7,806)$12,603 $4,797 

Non-Interest Income

Three Months Ended June 30,2025/2024 Increase/(Decrease)20252024AmountPercentDividend income$600 $368 $232 63.0 %Net loss on loan servicing assets(4,355)(1,862)(2,493)133.9 Servicing income6,054 4,607 1,447 31.4 Net gains on sales of loans15,526 22,564 (7,038)(31.2)Net gain on residuals in securitizations31,465 — 31,465 100.0 Net loss on loans under the fair value option(11,761)(2,894)(8,867)306.4 Technology and IT support income— 5,174 (5,174)(100.0)Electronic payment processing income11,739 12,645 (906)(7.2)Other noninterest income7,007 11,418 (4,411)(38.6)  Total noninterest income$56,275 $52,020 $4,255 8.2 %

Dividend Income

For the three months ended