Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 2

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 104,213 80,346 Other interest earning assets2,518 2,349 8,599 6,177 Total interest income39,094 31,271 113,502 87,691 Interest expenseDeposits10,879 7,314 30,081 19,755 Notes and securitizations10,710 11,482 32,592 33,427 Bank and FHLB borrowings2,956 1,494 8,424 5,496 Total interest expense24,545 20,290 71,097 58,678 Net interest income14,549 10,981 42,405 29,013 Provision for credit losses7,712 6,928 30,334 16,742 Net interest income after provision for credit losses6,837 4,053 12,071 12,271 Noninterest incomeDividend income425 374 2,711 1,128 Net loss on loan servicing assets(4,493)(1,786)(12,500)(5,383)Servicing income6,076 4,958 17,655 14,922 Net gains on sales of loans9,563 25,675 38,050 68,531 Net (loss) gain on residuals in securitizations(1,450)— 30,015 — Net gain (loss) on loans under the fair value option29,250 (4,085)35,566 (4,181)Technology and IT support income— 3,311 — 14,255 Electronic payment processing income11,053 11,777 33,401 35,409 Other noninterest income9,964 11,627 24,163 28,557 Total noninterest income60,388 51,851 169,061 153,238 Noninterest expenseSalaries and employee benefits expense19,973 19,149 64,424 60,445 Technology services expense— 1,796 — 8,624 Electronic payment processing expense4,429 4,438 13,304 14,977 Professional services expense3,793 3,929 11,532 11,237 Other loan origination and maintenance expense6,764 4,132 14,468 9,391