Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 71

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 purchased6 9 4 19 5 10 5 20 Weighted average share price$10.77 $9.40 $10.97 $10.16 $11.03 $10.21 $9.83 $10.32 Total purchased, net of discount$62 $80 $48 $190 $55 $101 $51 $207 The ESPP share activity is as follows:SharesESPP shares authorized under the plan200 ESPP shares purchased during:Year ended December 31, 2023 (4)Year ended December 31, 2024(20)Period ended September 30, 2025(19)Available for future purchases, September 30, 2025157 

The Company’s total stock-based compensation expense included within Salaries and employee benefits expense in the Consolidated Statements of Income for the three and nine months ended September 30, 2025 and 2024 is summarized below:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Restricted stock awards$611 $913 $3,972 $2,244 ESPP8 5 36 17 Total compensation cost recognized for stock-based compensation plans$619 $918 $4,008 $2,261 

NOTE 17—INCOME TAXES:

Effective Tax Rate The effective tax rate was 26.16% and 27.62% for the nine months ended September 30, 2025 and September 30, 2024, respectively. The effective tax rate differs from the federal tax rate of 21% for the nine months ended September 30, 2025, due primarily to the recognition of the difference in basis in the Company’s investment in NTS and state taxes. The effective tax rate differs from the federal tax rate of 21% for the nine months ended September 30, 2024, due primarily due to state taxes.

F-57

The effective tax rate was 28.58% and 30.03% for the three months ended September 30, 2025 and September 30, 2024, respectively. The effective tax rate differs from the federal tax rate of 21% for the three months ended September 30, 2025 and September 30, 2024 primarily due to state taxes.

NOTE 18—SEGMENTS:The