Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 77

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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 other liabilities42,277 40,806 Liabilities directly associated with assets held for sale— 6,224 Total liabilities1,834,457 1,763,630 Commitment and contingencies (Note 12)Shareholders' Equity:Preferred stock (par value $0.02 per share; 20 authorized, 20 issued and outstanding)19,738 19,738 Common stock (par value $0.02 per share; 199,980 authorized, 26,342 and 24,680 issued and outstanding, respectively)527 526 Additional paid-in capital220,468 218,266 Retained earnings61,538 57,773 Accumulated other comprehensive income (loss), net of income taxes9 (21)Total shareholders' equity302,280 296,282 Total liabilities and shareholders' equity$2,136,737 $2,059,912 

F-6See accompanying notes to consolidated financial statements.

Table of Contents

NEWTEKONE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)(In Thousands, except for Per Share Data)Three Months Ended March 31,20252024Interest incomeDebt securities available-for-sale$276 $460 Loans and fees on loans34,483 24,985 Other interest earning assets3,131 1,622 Total interest income37,890 27,067 Interest expenseDeposits9,845 5,576 Notes and securitizations10,974 10,827 Bank and FHLB borrowings3,138 1,758 Total interest expense23,957 18,161 Net interest income13,933 8,906 Provision for credit losses13,505 4,015 Net interest income after provision for credit losses428 4,891 Noninterest incomeDividend income1,686 386 Net loss on loan servicing assets(3,652)(1,735)Servicing income5,525 5,357 Net gains on sales of loans12,961 20,292 Net gain on loans under the fair value option18,077 2,798 Technology and IT support income— 5,770 Electronic payment processing income10,609 10,987 Other noninterest income7,192 5,512 Total noninterest income52,398 49,