Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 177

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 177
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 The Class A and Class B notes received an “A” and “BBB-” rating by S&P, respectively, and the final maturity date of the notes is February 2043. On February 27, 2023, the 2017-1 Trust was terminated as a result of NSBF purchasing the 2017-1 Trust assets, with the 2017-1 Trust’s noteholders receiving the redemption price.

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Regulatory Capital

The Company strives to maintain prudent capital levels to absorb risk and maximizing returns to shareholders. The Company and Newtek Bank are primarily constrained by the Total Capital and Leverage ratios given the mix of assets vis-a-vis capital.

Capital amounts and ratios for the Company as of March 31, 2025 and 2024 are presented in the table below:

ActualFor Capital Adequacy Purposes1For Consideration as Well-CapitalizedNewtekOne, Inc. - March 31, 2025AmountRatioAmountRatioAmountRatioTier 1 Capital (to Average Assets)$251,880 12.2 %$82,707 4.0 %N/AN/ACommon Equity Tier 1 (to Risk-Weighted Assets)251,880 17.3 %65,527 4.5 %N/AN/ATier 1 Capital (to Risk-Weighted Assets)251,880 17.3 %87,369 6.0 %N/AN/ATotal Capital (to Risk-Weighted Assets)290,072 19.9 %116,492 8.0 %N/AN/ANewtekOne, Inc. - March 31, 2024Tier 1 Capital (to Average Assets)$185,313 13.7 %$54,106 4.0 %N/AN/ACommon Equity Tier 1 (to Risk-Weighted Assets)185,313 17.2 %48,483 4.5 %N/AN/ATier 1 Capital (to Risk-Weighted Assets)185,313 17.2 %64,644 6.0 %N/AN/ATotal Capital (to Risk-Weighted Assets)218,574 20.3 %86,138 8.0 %N/AN/A

1 Exclusive of the capital conservation buffer of 2.5% of risk-weighted assets.

Capital