Company: NEWTP
Filing Date: 2025-04-24
Form Type: DEFA14A
Source: 0001587987-25-000075
Chunk: 2

Company: NewtekOne, Inc.
Filing Date: 2025-04-24
Form: DEFA14A
Chunk 2
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 publicly traded financial or bank holding companies, we believe that NewtekOne looks and acts differently. We serve our customers without branches, traditional bankers, brokers, or business development officers, and do it with minimal friction via our in-house developed, proprietary business portal, the Newtek Advantage®. Not only does the Newtek Advantage allow us to communicate and interact with our independent business owner clients efficiently, effectively and on the clients’ terms, it aligns with your interests as a shareholder of NewtekOne.

• We believe NewtekOne’s technology-enabled platform and business model are relevant in today’s banking industry, which we would argue is a claim very few banks can make today. We offer clients convenience with access to our customer-facing staff – aka business service specialists - available on demand and on camera 24/7/365 to work with independent business owner clients to provide a complete set of business and financial solutions.

• Our business model produces industry leading profitability that we believe is sustainable. In 2024, NewtekOne generated a return on average assets of 3.2%, which was roughly 3.7x the average of publicly traded peers with $1 billion - $10 billion of assets. And we generated that profitability with more capital than that peer group; our equity/assets ratio of 14.4% at the end of 2024 was 2.7x the peer average.

4800 T-Rex Avenue Suite 120 Boca Raton, FL 33431 (855) 284-3722 | www.newtekone.com

• The industry leading profitability is a function of our more efficient, technology-enabled delivery, our complete product set that produces “capital-lite” non-interest revenue, and wider lending margins from our opting to manage credit risk as opposed to avoiding it.

• Importantly, the efficiency of our business model, the healthy levels of non-interest income, and our higher earning asset yields allow NewtekOne to offer its deposit customers a competitive, market rate of interest, which, because of how easy it is to move money today with the click of a mouse or swipe of a finger, is an overlooked competitive advantage that can’t be emphasized enough.

Over the course of two-plus decades, we have purposely built NewtekOne and pivoted when opportunities presented themselves. The opportunity to transform from a BDC to a financial holding company was the most recent, and we remain committed to make good on that opportunity by striving to continue to grow our earnings, our client base, and our market share and to deliver industry