Company: NEWTP
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001587987-25-000084
Chunk: 80

Company: NewtekOne, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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39)Dividends declared common shares ($0.19/share)— — — — — — — (4,617)(4,617)Dividends declared preferred shares ($20.00/share)— — — — — — — (400)(400)Net income (loss)— — — — — — — 9,650 9,650 Other comprehensive loss, net of tax— — — — — 7 — — 7 Balance at March 31, 202424,715 $493 20 $19,738 $201,431 $(141)$— $32,611 $254,132 

F-10See accompanying notes to consolidated financial statements.

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(In Thousands)Three Months Ended March 31,20252024Cash flows from operating activities:Net income$9,367 $9,650 Adjustments to reconcile net income to net cash used in operating activities:Net appreciation on joint ventures and other non-control investments(1,110)(169)Net (gain) loss on loans accounted for under the fair value option(18,077)(2,798)Loan servicing asset revaluation3,652 1,735 Net unrealized depreciation (appreciation) on warrants and derivative transactions1,724 (592)Net gain on sales of loans(12,961)(20,292)Net accretion of premium/discount(905)(61)Amortization of deferred financing costs983 987 Provision for credit losses13,505 4,015 Lower of cost or market adjustment on loans held for sale— 221 Bad debt expense, net of recoveries85 167 Stock compensation expense1,834 681 Deferred income tax expense (benefit)2,791 2,513 Depreciation and amortization146 532 Proceeds from sale of loans held for sale142,933 184,332 Sale (purchase) of loans held for sale from affiliate— 22,531 Funding of loans held for sale(247,439)(255,727)Principal received on loans held for sale2,797 1,638 Changes in operating assets and liabilities:Settlement receivable46,376