Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 121

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 121
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The $13.9 million increase in unrealized gain on loans accounted for under the fair value option from SBA 504 and Non-SBA loans is primarily volume driven from the reversal of the previous gains on ALP loans to consummate the NALP 2025-1 transaction as noted above.

Technology and IT Support Income

Technology and IT support income was $3.3 million for the three months ended September 30, 2024. There was no Technology and IT support income for the three months ended September 30, 2025, due to the sale of NTS. Refer to NOTE 4—INVESTMENTS: Intelligent Protection Management Corp.

90

Other Noninterest Income

For the three months ended September 30, 2025 and 2024, other noninterest income related primarily to loan origination fees (legal and packaging) on loans sold or carried at fair value. Other items that contributed to the $1.7 million decrease included a decrease on prepayment and late fees earned from SBA 7(a) loans. The Company originated 547 of SBA 7(a) loans compared to 639 loans for the three months ended September 30, 2025 and 2024, respectively. Adding to the decrease was $0.6 million of net unrealized losses on joint ventures and other non-control investments for the three months ended September 30, 2025 compared to none in the prior period.

Non-Interest Expense

Three Months Ended September 30,2025/2024 Increase/(Decrease)2025September 30, 2024AmountPercentSalaries and employee benefits expense$19,973 $19,149 $824 4.3 %Technology services expense— 1,796 (1,796)(100.0)Electronic payment processing expense4,429 4,438 (9)(0.2)Professional services expense3,793 3,929 (136)(3.5)Other loan origination and maintenance expense6,764 4,132 2,632 63.7 Depreciation and amortization129 517 (388)(75.0)Loss on extinguishment of debt179 — 179 100.0 Other general and administrative costs6,892 4,886 2,006 41.1 Total noninterest expense$42,159 $38,847 $3,312 8.5 %

Technology Services