Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 310

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 310
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Nine Months EndedSeptember 30, 2025September 30, 2024ChangeDeposits$30,081 $19,755 $10,326 Notes and securitizations:Notes payable - Securitization Trusts9,522 16,734 (7,212)2024 Notes1— 1,409 (1,409)2025 5.00% Notes2462 1,387 (925)2025 8.125% Notes3— 3,440 (3,440)2026 Notes5,282 5,282 — 2027 Notes33,068 — 3,068 2028 Notes42,661 2,661 — 2029 8.50% Notes54,965 2,224 2,741 2029 8.625% Notes65,217 290 4,927 2030 Notes71,415 — 1,415 Total notes and securitizations32,592 33,427 (835)Bank and FHLB Borrowings:Bank notes payable8,180 5,085 3,095 FHLB Advances244 411 (167)Total bank and FHLB borrowings8,424 5,496 2,928 Total interest expense$71,097 $58,678 $12,419 

1    On August 1, 2024, the 2024 Notes matured.

2    On March 31, 2025, the 2025 5.00% Notes matured.

3    Effective December 11, 2024, the Company entered into the Amendment and Exchange Agreements with each of the holders of the 2025 8.125% Notes, pursuant to which the Company and the holders of the 2025 8.125% Notes agreed to exchange the 2025 8.125% Notes for the 2027 Notes.

4    On August 31, 2023, the Company completed a public offering of $40.0 million aggregate principal amount of 8.00% notes due 2028. The Notes will mature on September 1, 2028. The Notes bear interest at a rate of 8.000% per year, payable quarterly on March 1, June 1, September 1, and December 1