Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 8

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 flows from operating activities:Net income$40,971 $32,529 Adjustments to reconcile net income to net cash used in operating activities:Net unrealized depreciation (appreciation) on joint ventures and non-control investments734 (9,562)Net (gain) loss on loans accounted for under the fair value option(35,566)4,181 Net gain on residuals in securitizations(30,015)— Net loss on loan servicing assets12,500 5,383 Net unrealized depreciation (appreciation) on warrants and derivative transactions427 (562)Net gain on sales of loans(38,050)(68,531)Net accretion of premium/discount on debt securities available-for-sale and loans(1,423)(564)Loss on extinguishment of debt, deferred financing costs expensed158 — Amortization of deferred financing costs and deferred loan fees and costs3,225 3,154 Provision for credit losses30,334 16,742 Lower of cost or market adjustment on loans held for sale(53)(73)Bad debt expense, net of recoveries283 (133)Stock compensation expense4,008 2,261 Deferred income tax expense (benefit)3,097 11,472 Depreciation and amortization549 1,570 Proceeds from sale of loans held for sale310,246 598,186 Sale of loans held for sale from affiliate— 131,155 Funding of loans held for sale(777,953)(799,644)Principal received on loans held for sale7,275 14,507 Other, net(1,145)(435)Changes in operating assets and liabilities:Settlement receivable51,996 112 Other assets(16,097)(5,093)Due to participants13,516 (1,579)Accounts payable, accrued expenses and other liabilities(6,853)3,505 Net cash used in operating activities(427,836)(61,419)

F-15See accompanying notes to consolidated financial statements.

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(In Thousands)Nine Months Ended September 30,20252024Cash flows from investing activities:Principal received on loans held for investment, at fair value53,907 54,533 Repurchases of loans held for investment, at fair