Company: NEWTP
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050582
Chunk: 112

Company: NewtekOne, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 112
---
 NMS, POS and Mobil Money. Within the segment’s results are $35.9 million of noninterest income for the nine months ended September 30, 2025 resulting from marketing credit and debit card processing services, check approval services, processing equipment, and software, compared to $39.1 million during the nine months ended September 30, 2024. The net income also included $23.1 million and $24.4 million of noninterest expense for the nine months ended September 30, 2025 and 2024, respectively. 

84

Corporate and Other 

Corporate and Other represents operations not considered to be reportable segments and/or general operating expenses of the Company, and includes the parent company, other non-bank subsidiaries including NIA, PMT, and elimination adjustments to reconcile the results of the operating segments to the consolidated financial statements prepared in conformity with GAAP.

Results of Operations

Set forth below is a comparison of the results of operations for the three months ended September 30, 2025 and 2024.

Summary

For the three months ended September 30, 2025, the Company reported net income of $17.9 million, or $0.68 per basic and $0.67 per diluted share, compared to net income of $11.9 million, or $0.45 per basic and diluted share, for the three months ended September 30, 2024.

The net increase in net income was attributable to the following items:

Three Months Ended September 30,20252024ChangeNet interest income after provision for credit losses$6,837 $4,053 $2,784 Noninterest income60,388 51,851 8,537 Noninterest expense42,159 38,847 3,312 Net income before taxes25,066 17,057 8,009 Income tax expense7,165 5,123 2,042 Net income$17,901 $11,934 $5,967 

Net Interest Income

Three Months Ended September 30,20252024ChangeInterest incomeDebt securities available-for-sale$200 $334 $(134)Loans and fees on loans36,376 28,588 7,788 Other interest earning assets2,518 2,349 169 Total interest income39,094 31,271 7,823 Interest expenseDeposits10,879 7,314