Company: NEWTP
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001587987-25-000050
Chunk: 28

Company: NewtekOne, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7
Chunk 28
---
, 2024AmountRatioAmountRatioAmountRatioTier 1 Capital (to Average Assets)$120,078 11.9 %$40,197 4.0 %$50,246 5.0 %Common Equity Tier 1 (to Risk-Weighted Assets)120,078 14.2 %38,151 4.5 %55,107 6.5 %Tier 1 Capital (to Risk-Weighted Assets)120,078 14.2 %50,868 6.0 %67,823 8.0 %Total Capital (to Risk-Weighted Assets)130,924 15.4 %67,824 8.0 %84,779 10.0 %Newtek Bank - December 31, 2023Tier 1 Capital (to Average Assets)$99,253 16.6 %23,893 4.0 %$29,866 5.0 %Common Equity Tier 1 (to Risk-Weighted Assets)99,253 21.5 %20,787 4.5 %30,026 6.5 %Tier 1 Capital (to Risk-Weighted Assets)99,253 21.5 %27,716 6.0 %36,955 8.0 %Total Capital (to Risk-Weighted Assets)105,105 22.8 %36,954 8.0 %46,193 10.0 %

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

87

Public Offerings

Equity ATM Program

On June 25, 2020, the Company entered into the 2020 ATM Equity Distribution Agreement. On July 20, 2022, the Company entered into Amendment No. 1 to the 2020 ATM Equity Distribution Agreement. The 2020 ATM Equity Distribution Agreement, as amended, provided that the Company could offer and sell up to 6,400,000 shares of common stock from time to time through the placement agents. From inception through December 31, 2022, we sold 3,069,754 shares of our common stock at a weighted average price of $23.02 per share. Proceeds, net of offering costs and expenses, were $70.6 million. The Company paid the placement agents $1.