Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 3

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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723 Net income before taxes18,772 14,783 30,421 27,882 Income tax expense5,069 3,838 7,351 7,287 Net income13,703 10,945 23,070 20,595 Dividends to preferred shareholders(400)(400)(800)(800)Net income available to common shareholders$13,303 $10,545 $22,270 $19,795 Earnings per Common Share:Basic$0.53 $0.43 $0.89 $0.81 Diluted$0.52 $0.43 $0.87 $0.81 

F-9See accompanying notes to consolidated financial statements.

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)(In Thousands)Three Months Ended June 30,Six Months Ended June 30,2025202420252024Net income$13,703 $10,945 $23,070 $20,595 Other comprehensive income (loss) before tax:Net unrealized gain (loss) on debt securities available-for-sale during the period(2)7 26 16 Other comprehensive income (loss) before tax(2)7 26 16 Income tax expense (benefit)1 (3)3 (5)Other comprehensive income (loss) before tax(1)4 29 11 Comprehensive income$13,702 $10,949 $23,099 $20,606 

F-10See accompanying notes to consolidated financial statements.

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED)(In Thousands, except for Per Share Data)Preferred stockCommon stockRetained earningsAdditional paid-in capitalAccumulated other comprehensive income (loss), net of income taxesTotal shareholders' equitySharesAmountSharesAmountBalance at March 31, 202520 $19,738 26,342 $527 $61,538 $220,468 $9 $302,280 Stock-based compensation expense, net of forfeitures— — — — — 1,533 — 1,533 Dividends declared related to RSA, net