Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 2

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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Interest expenseDeposits9,357 6,865 19,202 12,441 Notes and securitizations10,908 11,118 21,882 21,945 Bank and FHLB borrowings2,330 2,244 5,468 4,002 Total interest expense22,595 20,227 46,552 38,388 Net interest income13,923 9,126 27,856 18,032 Provision for credit losses9,117 5,799 22,622 9,814 Net interest income after provision for credit losses4,806 3,327 5,234 8,218 Noninterest incomeDividend income600 368 2,286 754 Net loss on loan servicing assets(4,355)(1,862)(8,007)(3,597)Servicing income6,054 4,607 11,579 9,964 Net gains on sales of loans15,526 22,564 28,487 42,856 Net gain on residuals in securitizations31,465 — 31,465 — Net gain (loss) on loans under the fair value option(11,761)(2,894)6,316 (96)Technology and IT support income— 5,174 — 10,944 Electronic payment processing income11,739 12,645 22,348 23,632 Other noninterest income7,007 11,418 14,199 16,930 Total noninterest income56,275 52,020 108,673 101,387 Noninterest expenseSalaries and employee benefits expense23,135 20,790 44,451 41,296 Technology services expense— 3,420 — 6,828 Electronic payment processing expense4,428 5,693 8,875 10,539 Professional services expense4,304 2,743 7,739 7,308 Other loan origination and maintenance expense3,287 3,015 7,704 5,259 Depreciation and amortization274 521 420 1,053 Other general and administrative costs6,881 4,382 14,297 9,440 Total noninterest expense42,309 40,564 83,486 81,