Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 309

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 309
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Six Months Ended June 30, 2025June 30, 2024Gains recognized on sales of loans$28,676 $44,753 Losses recognized on sales of loans(189)(1,897)Net gains on sales of loans$28,487 $42,856 

 Six Months Ended June 30, 2025June 30, 2024# of Loans$ Amount# of Loans$ AmountSBA 7(a) loans originated1,042 $418,975 1,093 $438,017 SBA 7(a) guaranteed loans sold578 142,686 924 325,568 Average net sale price as a percent of principal balance1110.94 %111.12 %

1    Realized gains greater than 110.00% must be split 50/50 with the SBA in accordance with SBA regulations. The realized gains recognized above reflect amounts net of split with the SBA.

For the six months ended June 30, 2025, the average sale price on SBA 7(a) loans as a percent of principal balance was 110.94% compared to 111.12% for the prior period. The decrease in sales prices in 2025 resulted from lower demand. The decrease in overall net gains on sales of loans resulted from lower volumes of sales compared to the prior year at lower market premiums than the prior year. Additionally, the decrease in SBA 7(a) guaranteed loans sold is primarily due to management holding the loans for a longer period of time.

The table below provides selected statistics on the historical net premiums on sales of guaranteed portions of SBA 7(a) loans realized by NewtekOne:

SBA 7(a) Sales Price as Percent of Principal Balance (%)AverageHighLowMedianYear ended December 31, 2023110.20 %114.04 %106.00 %110.42 %Year ended December 31, 2024110.97 %114.80 %107.18 %111.19 %Six months ended June 30, 2025110.94 %114.06 %109.40 %111.15 %Weighted Average110.64 %114.80 %106.00 %110.86 %

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During the wind-down of NSBF’s operations, NSBF is required to continue