NewtekOne's bank deposits $742M, up 11.7% QoQ and 43% YTD; business core deposits up 45%

NewtekOne, Inc.

Deposits at Newtek Bank $742M as of Sep 30, 2024, up 11.7% from $664M at Jun 30, 2024 and 43% from $519M at Dec 31, 2023.
Business core deposits expected $119M, an increase of $37M or 45% sequentially.
Deposits from lending clients $78M, up $30M from the prior quarter; insured deposits represent ~75% of total.
Newtek Zero-Fee Banking product launch announced; Q3 2024 earnings call scheduled for November 6, 2024.

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