Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 1

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 for Per Share Data)June 30, 2025December 31, 2024(Unaudited)LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities:Deposits:Noninterest-bearing$41,034 $11,142 Interest-bearing1,042,794 961,910 Total deposits1,083,828 973,052 Borrowings (including borrowings of VIEs of $157.4 million and $186.6 million, respectively)657,327 708,041 Dividends payable5,236 5,233 Lease liabilities2,409 6,498 Deferred tax liabilities, net— 2,244 Due to participants25,886 21,532 Accounts payable, accrued expenses and other liabilities39,351 40,806 Liabilities directly associated with assets held for sale— 6,224 Total liabilities1,814,037 1,763,630 Commitment and contingencies (Note 13)Shareholders' Equity:Preferred stock (par value $0.02 per share; 20 authorized, 20 issued and outstanding)19,738 19,738 Common stock (par value $0.02 per share; 199,980 authorized, 26,317 and 24,680 issued and outstanding, respectively)525 526 Retained earnings69,995 57,773 Additional paid-in capital221,914 218,266 Accumulated other comprehensive income (loss), net of income taxes8 (21)Total shareholders' equity312,180 296,282 Total liabilities and shareholders' equity$2,126,217 $2,059,912 

F-8See accompanying notes to consolidated financial statements.

Table of Contents

NEWTEKONE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)(In Thousands, except for Per Share Data)Three Months Ended June 30,Six Months Ended June 30,2025202420252024Interest incomeDebt securities available-for-sale$214 $374 $490 $834 Loans and fees on loans33,354 26,773 67,837 51,758 Other interest earning assets2,950 2,206 6,081 3,828 Total interest income36,518 29,353 74,408 56,420