Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 8

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(In Thousands)Six Months Ended June 30,20252024Cash flows from investing activities:Net decrease in loans held for investment, at fair value33,992 41,210 Net increase in loans held for investment, at cost(171,609)(116,941)Proceeds from sale of Newtek Technology Solutions, Inc.4,000 — Contributions to joint ventures and other non-control investments(85)(25,642)Return of capital from joint ventures and other non-control investments14 116 Purchase of fixed assets(91)(128)Net increase in Federal Home Loan Bank and Federal Reserve Bank stock(352)(130)Sales (purchases) of available-for-sale securities(3,945)3,752 Maturities of available-for-sale securities14,000 — Net cash used in investing activities(124,076)(97,763)Cash flows from financing activities:Net borrowings (paydowns) on bank notes payable84,035 (10,266)Net increase in deposits110,248 146,256 Repayment of Federal Home Loan Bank advances(7,004)(3,971)Proceeds from common shares sold, net of offering costs— 13,819 Repurchase of common shares under share repurchase plan(167)— Maturity of 2025 5.00% Notes(30,000)— Proceeds from 2029 8.625% Notes— 71,875 Proceeds from 2030 Notes30,000 — Payments on Notes Payable - Securitization Trusts(29,596)(49,383)Proceeds related to residuals in securitizations70,098 — Dividends paid, net of dividend reinvestment plan(10,468)(9,788)Payments of deferred financing costs(724)(2,551)Proceeds from common stock issued under ESPP157 108 Purchase of vested stock for employee payroll tax withholding(70)(253)Net cash provided by financing activities216,509 155,846 Net (decrease) increase in cash and restricted cash(168,085)22,332 Cash and restricted cash—beginning of period (NOTE 2)381,374 184,006 Cash and restricted cash—end of period (NOTE 2)$213,289 $206,