Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 0

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
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ITEM 1. FINANCIAL STATEMENTS.

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF FINANCIAL CONDITION(In Thousands, except for Per Share Data)September 30, 2025December 31, 2024(Unaudited)ASSETSCash and due from banks$3,980 $6,941 Restricted cash (amounts related to VIEs of $6.3 million and $6.3 million, respectively)24,737 28,226 Interest bearing deposits in banks188,214 346,207 Total cash and cash equivalents216,931 381,374 Debt securities available-for-sale, at fair value18,009 23,916 Loans held for sale, at fair value757,001 372,286 Loans held for sale, at LCM28,678 58,803 Loans held for investment, at fair value (amounts related to VIEs of $213.8 million and $257.2 million, respectively)305,720 369,746 Loans held for investment, at amortized cost, net of deferred fees and costs834,087 621,651 Allowance for credit losses(45,166)(30,233)Loans held for investment, at amortized cost, net788,921 591,418 Federal Home Loan Bank and Federal Reserve Bank stock4,064 3,585 Settlement receivable469 52,465 Residuals in securitizations, at fair value76,701 — Joint ventures and other non-control investments, at fair value (cost of $36,692 and $44,039), respectively51,390 57,678 Goodwill and intangibles14,633 14,752 Right of use assets2,292 5,688 Servicing assets, at fair value17,023 22,062 Servicing assets, at LCM30,540 24,195 Other assets86,727 60,636 Assets held for sale— 21,308 Total assets$2,399,099 $2,059,912 

F-7See accompanying notes to consolidated financial statements.

Table of Contents

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF FINANCIAL CONDITION(In Thousands, except for Per Share Data)September 30, 202