secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2024-10-08T23:59:59+00:00
Accession:  0001587987-24-000221
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000221/0001587987-24-000221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000221/newt-20241008.htm
  HTML page:      https://secwatch.observer/filing/0001587987-24-000221

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer