NEWTEKONE, INC. - PARENT COMPANY ONLY (Tables)

The following statement of financial condition, statement of income and statement of cash flows are for NewtekOne, Inc. and should be read in conjunction with the consolidated financial statements and the notes thereto.

Statement of Financial Condition


	As of December 31,
	2024		2023
Assets
Cash and balances due from depository institutions:	$	19,123	$	13,871
Loans and lease financing receivable	5,715		4,786
Investments in and receivables due from subsidiaries and associated companies	699,059		392,519
Premises and fixed assets (including capitalized leases)	—		64
Other assets	9,617		20,159
Total assets	733,514		431,399

Liabilities and shareholders' equity
Borrowings with a remaining maturity of one year or less:	79,856		38,124
Other borrowed money with a remaining maturity of more than one year	325,418		253,888
Other liabilities	22,083		13,163
Balances due to subsidiaries and related institutions	9,876		46,332
Total liabilities	437,233		351,507

Preferred stock	19,738		19,493
Common stock	525		490
Additional paid in capital	218,266		314,187
Accumulated other comprehensive income	(21)		(148)
Retained earnings	57,773		(254,130)
Total shareholders’ equity	296,281		79,892
Total liabilities and shareholder's equity	$	733,514	$	431,399


	For the year ended December 31,
	2024		2023
Interest income	$	1,851	$	2,319
Interest expense	26,647		18,797
Net interest loss	(24,796)		(16,478)
Noninterest income:
Dividends	42,107		60,317
All other operating income (loss)	2,970		(2,345)
Total noninterest income	45,077		57,972
Noninterest expense:
Salaries and employee benefits	10,476		9,365
Other expenses	13,627		10,962
Total noninterest expense	24,103		20,327
Net Income (loss) before equity in undistributed income of subsidiaries	(3,822)		21,167
Income tax expense (benefit)	2,428		(14,837)
Income (loss) before undistributed income of subsidiaries	(6,250)		36,004
Equity in undistributed income of subsidiaries and associated companies:	57,103		26,813
Net income	$	50,853	$	62,817

Statement of Cash Flows


	For the year ended December 31,
	2024		2023
Cash flows from operating activities:
Net income	$	50,853	$	62,817
Provisions for deferred income taxes	13,110		(5,814)
Gain (loss) on sale of assets	(1,135)		539
Equity in Undistributed (earnings) losses of subs	(57,103)		(26,813)
Net change in other liabilities	(35,489)		(40,414)
Net change in other asset	5,215		(10,759)
Other, net	6,634		7,570
Net cash (used in) operating activities	(17,915)		(12,874)

Cash flow from investing activities
Purchases of held-to-maturity and available-for-sale securities	(19,899)		—
Sales and maturities of held-to-maturity and available-for-sale securities	20,000		—
Payments for investments in and advances to subsidiaries	(176,333)		(96,265)
Sale or repayment of investments in and advances to subsidiaries	95,543		—
Outlays for business acquisitions	—		(21,322)
Other, net	39		14
Net cash (used in) investing activities	(80,650)		(117,573)

Cash flow from financing activities
Proceeds from issuance of long-term debt	154,050		90,000
Repayment of long-term debt	(38,250)		—
Proceeds from issuance of common stock	14,036		—
Proceeds from issuance of preferred stock	—		19,493
Payment to repurchase common stock	(711)		—
Dividends paid	(20,252)		(14,147)
Other, net	(5,056)		(2,826)
Net cash provided by financing activities	103,817		92,520

Net (decrease) increase in cash and restricted cash	5,252		(37,927)
Cash and restricted cash - beginning of period	13,871		51,798
Cash and restricted cash - end of period	$	19,123	$	13,871