---
schema_version: "secwatch.filing_event.v1"
accession: "0001587987-25-000010"
form_type: "8-K"
ticker: "NEWT"
cik: "0001587987"
company_name: "NewtekOne, Inc."
filed_at: "2025-01-06T23:59:59+00:00"
generated_at: "2026-05-28T10:42:41.156611+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Newtek Bank deposits exceed $1.0B, up 97% YoY and $884M since Jan 2023

## Summary
- Total deposits $1.03B at Dec 31, 2024, up 97% YoY; increased $884M since acquisition in Jan 2023.
- Core business deposits $216M, up 96% YoY; 950 new business checking accounts added in Q4 2024.
- Deposit base grew to ~15,000 accounts from 1,400 at acquisition; 78% of deposits are insured.
- CEO highlights bank's low efficiency ratio below 40% in Q3 2024 and digital account opening.
- Bank transformed from single-branch wholesale-funded to fully digital, tech-enabled franchise.

## SEC filing metadata
- accession: 0001587987-25-000010
- form_type: 8-K
- ticker: NEWT
- cik: 0001587987
- company_name: NewtekOne, Inc.
- filed_at: 2025-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1587987/000158798725000010/0001587987-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1587987/000158798725000010/newt-20250106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001587987-25-000010
- JSON: https://secwatch.observer/filing/0001587987-25-000010.json
- Plain text: https://secwatch.observer/filing/0001587987-25-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.