Company: NEWTP
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001587987-25-000141
Chunk: 0

Company: NewtekOne, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
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ITEM 1. FINANCIAL STATEMENTS.

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF FINANCIAL CONDITION(In Thousands, except for Per Share Data)June 30, 2025December 31, 2024(Unaudited)ASSETSCash and due from banks$10,124 $6,941 Restricted cash (amounts related to VIEs of $6.3 million and $6.3 million, respectively)23,152 28,226 Interest bearing deposits in banks180,013 346,207 Total cash and cash equivalents213,289 381,374 Debt securities available-for-sale, at fair value14,245 23,916 Loans held for sale, at fair value514,609 372,286 Loans held for sale, at LCM32,291 58,803 Loans held for investment, at fair value (amounts related to VIEs of $227.8 million and $257.2 million, respectively)326,113 369,746 Loans held for investment, at amortized cost, net of deferred fees and costs767,827 621,651 Allowance for credit losses(42,625)(30,233)Loans held for investment, at amortized cost, net725,202 591,418 Federal Home Loan Bank and Federal Reserve Bank stock3,937 3,585 Settlement receivable19,705 52,465 Residuals in securitizations, at fair value77,701 — Joint ventures and other non-control investments, at fair value (cost of $54,493 and $44,039), respectively68,121 57,678 Goodwill and intangibles14,672 14,752 Right of use assets2,384 5,688 Deferred tax asset, net190 — Servicing assets, at fair value18,384 22,062 Servicing assets, at LCM31,831 24,195 Other assets63,543 60,636 Assets held for sale— 21,308 Total assets$2,126,217 $2,059,912 

F-7See accompanying notes to consolidated financial statements.

Table of Contents

NEWTEKONE, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF FINANCIAL CONDITION(In Thousands, except