Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 186

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 186
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,077 274,888 Total liabilities and shareholders' equity$2,262,678 $1,610,849 Net interest income and interest rate spread$14,549 2.34 %$10,981 2.37 %Net interest margin2.86 %3.08 %Ratio of average interest-earning assets to average interest bearing liabilities110.81 %112.46 %

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Rate/Volume Analysis

The following table sets forth the effects of changing rates and volumes on net interest income. The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The total column represents the sum of the prior columns. For purposes of this table, increases or decreases attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on the changes due to rate and the changes due to volume.

Three Months Ended September 30,2025 vs. 2024Increase (Decrease) Due toRateVolumeTotalInterest income:Other interest-earning assets$(1,225)$1,392 $167 Investment securities78 (211)(133)Loans held for sale(18,021)22,904 4,883 Loans held for investment(3,847)6,753 2,906 Total interest income(23,015)30,838 7,823 Interest expense:Demand(986)1,072 86 Savings and NOW(1,244)2,664 1,420 Money Market(181)446 265 Time(6,608)8,402 1,794 Borrowings583 107 690 Total interest expense(8,436)12,691 4,255 Net interest income$(14,579)$18,147 $3,568 

Non-Interest Income

Three Months Ended September 30,2025/2024 Increase/(Decrease)20252024AmountPercentDividend income$425 $374 $51 13.6 %Net loss on loan servicing assets(4,493)(1,786)(2,707)151.6 Servicing income6,076 4,958 1,118 22.5 Net gains on sales of loans9,563 25,675 (16,112)(62