Call reports 2024
NEWTEK BANK, NATIONAL ASSOCIATION — 2024
What NEWTEK BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 714,124,000 | 818,696,000 | 914,341,000 | 1,213,802,000 |
| Total loans | 499,972,000 | 563,681,000 | 659,471,000 | 773,571,000 |
| Allowance for loan losses | 16,126,000 | 21,098,000 | 26,045,000 | 30,233,000 |
| Securities available for sale | 28,127,000 | 28,418,000 | 23,790,000 | 23,916,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 113,000 |
| Total deposits | 565,272,000 | 663,678,000 | 745,724,000 | 1,042,976,000 |
| Interest-bearing deposits | 559,806,000 | 658,757,000 | 734,684,000 | 1,031,834,000 |
| Noninterest-bearing deposits | 5,466,000 | 4,921,000 | 11,040,000 | 11,142,000 |
| Equity capital | 105,402,000 | 112,872,000 | 120,457,000 | 129,729,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 12,773,000 | 30,064,000 | 48,872,000 | 70,000,000 |
| Interest expense | 5,852,000 | 13,032,000 | 20,630,000 | 29,855,000 |
| Net interest income | 6,921,000 | 17,032,000 | 28,242,000 | 40,145,000 |
| Noninterest income | 26,844,000 | 58,867,000 | 90,751,000 | 122,384,000 |
| Noninterest expense | 16,363,000 | 34,891,000 | 51,882,000 | 69,049,000 |
| Provision for loan losses | 3,949,000 | 9,721,000 | 16,431,000 | 25,757,000 |
| Pretax income | 13,387,000 | 31,194,000 | 50,369,000 | 67,264,000 |
| Income tax | 4,035,000 | 9,377,000 | 15,136,000 | 15,308,000 |
| Net income | 9,352,000 | 21,817,000 | 35,233,000 | 51,956,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 100,383,000 | 106,760,000 | 112,836,000 | 121,082,000 |
| Total capital | 107,603,000 | 114,750,000 | 122,144,000 | 131,928,000 |
| Risk-weighted assets | 568,576,000 | 625,966,000 | 727,594,000 | 847,793,000 |
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