Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 81

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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5,340 Income tax payable(519)874 Due to/from related parties156 — Other assets(19,170)(1,430)Dividends payable2 246 Due to participants14,049 2,852 Accounts payable, accrued expenses and other liabilities(1,176)4,081 Other, net253 — Net cash used in operating activities(60,704)(38,674)Cash flows from investing activities:Net decrease in loans held for investment, at fair value17,702 21,688 Net increase in loans held for investment, at cost(110,671)(62,123)Proceeds from sale of Newtek Technology Solutions, Inc.4,000 — Contributions to joint ventures and other non-control investments— (7,243)Return of capital from joint ventures and other non-control investments14 24 Purchase of fixed assets(37)(57)Net increase in Federal Home Loan Bank and Federal Reserve Bank stock(277)(138)Sales (purchases) of available-for-sale securities(1,976)4,044 Maturities of available-for-sale securities12,000 — Net cash used in investing activities(79,245)(43,805)

F-11See accompanying notes to consolidated financial statements.

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(In Thousands)Three Months Ended March 31,20252024Cash flows from financing activities:Net borrowings on bank notes payable85,178 43,814 Net (decrease) increase in deposits(7,001)49,098 Repayment of Federal Home Loan Bank advances(3,500)(3,484)Maturity of 2025 5.00% Notes(30,000)— Proceeds from 2030 Notes30,000 — Payments on Notes Payable - Securitization Trusts(16,027)(22,954)Dividends paid, net of dividend reinvestment plan(5,233)(4,771)Payments of deferred financing costs(710)(24)Proceeds from common stock issued under ESPP48 — Purchase of vested stock for employee payroll tax withholding(46)— Net cash provided by financing activities52,709 61,679 Net decrease in cash and restricted cash(87,240)(20,800)Cash and restricted cash—beginning of