Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 78

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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367 Noninterest expenseSalaries and employee benefits expense21,316 20,506 Technology services expense— 3,408 Electronic payment processing expense4,447 4,846 Professional services expense3,435 4,565 Other loan origination and maintenance expense4,417 2,244 Depreciation and amortization146 532 Other general and administrative costs7,416 5,058 Total noninterest expense41,177 41,159 Net income before taxes11,649 13,099 Income tax expense2,282 3,449 Net income9,367 9,650 Dividends to preferred shareholders(400)(400)Net income available to common shareholders$8,967 $9,250 Earnings per Common Share:Basic$0.36 $0.38 Diluted$0.35 $0.38 

F-7See accompanying notes to consolidated financial statements.

Table of Contents

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(In Thousands)Three Months Ended March 31,20252024Net income$9,367 $9,650 Other comprehensive gain before tax:Net unrealized gain (loss) on debt securities available-for-sale during the period28 9 Other comprehensive gain before tax28 9 Income tax expense (benefit)2 (2)Other comprehensive income, net of tax30 7 Comprehensive income$9,397 $9,657 

F-8See accompanying notes to consolidated financial statements.

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY(In Thousands, except for Per Share Data) Common stock  Preferred stock  Additional paid-in capital  Accumulated other comprehensive income (loss) Retained earnings  Total equity Shares  Amount  Shares  Amount Balance at December 31, 202426,291 $526 20 $19,738 $218,266 $(21)$57,773 $296,282 Stock-based compensation expense, net of forfeitures— — — — 1,828 — — 1,828 Dividends declared related to RSA, net of accrued dividends forfeited35 1 — —