NEWTEKONE, INC. - PARENT COMPANY ONLY (Tables)

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

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

Statements of Financial Condition


	As of December 31,
	2025		2024
Assets
Cash and balances due from depository institutions:	$	20,707	$	19,123
Loans and lease financing receivable	4,921		5,715
Investments in and receivables due from subsidiaries and associated companies	858,874		699,059

Other assets	16,145		9,617
Total assets	900,647		733,514

Liabilities and shareholders' equity
Borrowings with a remaining maturity of one year or less:	95,000		79,856
Other borrowed money with a remaining maturity of more than one year	372,647		325,418
Other liabilities	25,344		22,083
Balances due to subsidiaries and related institutions	10,086		9,876
Total liabilities	503,077		437,233

Preferred stock	48,181		19,738
Common stock	573		525
Additional paid in capital	253,830		218,266
Accumulated other comprehensive income	(4)		(21)
Retained earnings	94,990		57,773
Total shareholders’ equity	397,570		296,281
Total liabilities and shareholder's equity	$	900,647	$	733,514

Condensed Income Statement

Statements of Income


	For the year ended December 31,
	2025		2024		2023
Interest income	$	722	$	1,851	$	2,319
Interest expense	34,438		26,647		18,797
Net interest loss	(33,716)		(24,796)		(16,478)
Noninterest income:
Dividends	54,012		42,107		60,317
All other operating income (loss)	361		2,970		(2,345)
Total noninterest income	54,373		45,077		57,972
Noninterest expense:
Salaries and employee benefits	10,984		10,476		9,365
Other expenses	16,795		13,627		10,962
Total noninterest expense	27,779		24,103		20,327
Net Income (loss) before equity in undistributed income of subsidiaries	(7,122)		(3,822)		21,167
Income tax expense (benefit)	3,955		2,428		(14,837)
Income (loss) before undistributed income of subsidiaries	(11,077)		(6,250)		36,004
Equity in undistributed income of subsidiaries and associated companies:	71,589		57,103		26,813
Net income	$	60,512	$	50,853	$	62,817

Condensed Cash Flow Statement

Statements of Cash Flows


	For the year ended December 31,
	2025		2024		2023
Cash flows from operating activities:
Net income	$	60,512	$	50,853	$	62,817
Provisions for deferred income taxes	8,339		13,110		(5,814)
Gain (loss) on sale of assets	(179)		(1,135)		539
Equity in Undistributed (earnings) losses of subs	(71,589)		(57,103)		(26,813)
Net change in other liabilities	364		(35,489)		(40,414)
Net change in other asset	(2,161)		5,215		(10,759)
Other, net	4,825		6,634		7,570
Net cash provided by (used in) operating activities	111		(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	(153,915)		(176,333)		(96,265)
Sale or repayment of investments in and advances to subsidiaries	63,416		95,543		—
Outlays for business acquisitions	—		—		(21,322)
Other, net	—		39		14
Net cash used in investing activities	(90,499)		(80,650)		(117,573)

Cash flow from financing activities
Proceeds from issuance of long-term debt	90,875		154,050		90,000
Repayment of long-term debt	(30,000)		(38,250)		—
Proceeds from issuance of common stock	5,090		14,036		—
Proceeds from issuance of preferred stock	58,181		—		19,493
Payment to repurchase common stock	(1,557)		(711)		—
Dividends paid	(28,044)		(20,252)		(14,147)
Other, net	(2,572)		(5,056)		(2,826)
Net cash provided by financing activities	91,973		103,817		92,520

Net increase (decrease) in cash and restricted cash	1,585		5,252		(37,927)
Cash and restricted cash - beginning of period	19,123		13,871		51,798
Cash and restricted cash - end of period	$	20,708	$	19,123	$	13,871