Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 239

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 239
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 28, 2024April 1, 2024$20.00 $400 

The Company’s dividends and distributions on the Company’s Common Stock are recorded on the declaration date. Effective December 8, 2023, the Company terminated the DRIP. The following table summarizes the Company’s dividend declarations and distributions, including dividend shares issued on vested restricted stock awards, during the three months ended March 31, 2025 and 2024:Record DatePayment DateAmount Per ShareCash DistributionDividend Shares Issued on Unvested RSAsDate Declared#$Three months ended March 31, 2025March 31, 2025April 15, 2025April 30, 2025$0.19 $4,835 35 $367 Three months ended March 31, 2024March 19, 2024April 1, 2024April 15, 2024$0.19 $4,617 6 $73 

F-43

NOTE 14—EARNINGS PER SHARE:

Basic and diluted earnings per share are computed based on the weighted average number of shares outstanding during each period. Diluted earnings per share reflects the potential dilution that could occur upon the exercise of stock options, to the extent outstanding, or upon the vesting of restricted stock grants, any of which would result in the issuance of common stock that would then share in the net income of the Company. 

Three Months EndedMarch 31,20252024Basic earnings per share:Net income available to common shareholders$8,967 $9,250 Weighted-average basic shares outstanding25,156 24,287 Basic earnings per share$0.36 $0.38 Diluted earnings per share:Net income, for diluted earnings per share$8,967 $9,250 Add: Preferred dividends on dilutive Series A convertible preferred stock¹— — Net income, for diluted earnings per share8,967 9,250 Total weighted-average basic shares outstanding25,156 24,287 Add effect of dilutive restricted stock awards²394 71 Total weighted-average diluted shares outstanding³25,550 24,358 Diluted earnings per share$0.35 $0.38 Anti-dilutive warrants, restricted stock awards, and Series A convertible preferred stock 998 1,065 1    For periods presented