Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 80

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 80
---
 5,055 (341)6,433 (18,798)17,057 Income tax expense (benefit)5,760 (11,101)— — — — — — — — (637)11,101 5,123 Net income$13,486 $9,346 $16,377 $974 $100 $(1,903)$(10,790)$2,459 $5,055 $(341)$7,070 $(29,899)$11,934 Other Segment Disclosures:Assets$935,319 $(22,719)$336,605 $(116,051)$21,919 $(1,400)$536,000 $(82,082)$62,710 $(36,007)$651,769 $(611,893)$1,674,170 Goodwill & intangible assets$980 $— $— $— $13,814 $— $14,794 Amortization of intangible assets$192 $— $— $— $— $— $192 

F-63

NOTE 19—SUBSEQUENT EVENTS:

Note Purchase and ExchangeOn October 21, 2025, the Company entered into agreements with two institutional investors that were existing holders of the Company’s 2026 Notes to exchange $20.0 million in total principal amount of the Company’s 2026 Notes held by such investors for an equal principal amount of the Company’s 2030 Notes. One of the investors also agreed to purchase $2.0 million in newly issued additional principal amount of the Company’s 2030 Notes. The transactions were conducted pursuant to exemptions from the registration requirements of the Securities Act.

F-64

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. 

Forward-Looking Statements

The matters discussed in this report, as well as in future oral and written statements by Company management that are forward-looking statements, are based on current management expectations that involve substantial risks and uncertainties which could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about us, our industry, our beliefs, and our assumptions. Words such as “may,” “