NewtekOne, Inc. 8.5 % Notes -01.02.31

NewtekOne, Inc. reported net income of $60.5 million for fiscal year 2025, with net income available to common shareholders of $58.2 million. The company generated total interest income of $158.4 million and total noninterest income of $224.9 million, resulting in net interest income of $59.9 million after total interest expense of $98.5 million. Key profit drivers included net gains on sales of loans ($47.6 million), net gain on residuals in securitizations ($30.0 million), and net gain on loans under the fair value option ($61.2 million). The company ended the year with total assets of $2.74 billion, total liabilities of $2.35 billion, and shareholders' equity of $397.6 million. Cash flow from operations was negative $579.2 million, primarily due to funding of loans held for sale ($1.06 billion), while financing activities provided $753.5 million through increased deposits and borrowings.

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