NewtekOne, Inc.NEWT

NewtekOne, Inc. Earnings Per Share Disclosure

10-KFiled Mar 10, 20262 min read
NOTE 18—EARNINGS PER SHARE:
Basic and diluted earnings per share are computed based on the weighted average number of shares outstanding during each period. Diluted earnings per share reflects the potential dilution that could occur upon the exercise of stock options, to the extent outstanding, or upon the vesting of restricted stock grants, any of which would result in the issuance of Common Stock that would then share in the net income of the Company.
Year Ended December 31,
202520242023
Basic earnings per share:
Net income available to common shareholders$58,177 $49,253 $45,875 
Weighted-average basic shares outstanding26,324 24,945 24,263 
Basic earnings per share$2.21 $1.97 $1.89 
Diluted earnings per share:
Net income, for diluted earnings per share1,2
$58,177 $49,253 $45,875 
Total weighted-average basic shares outstanding26,324 24,945 24,263 
Add effect of dilutive restricted stock awards3
391 241 85 
Total weighted-average diluted shares outstanding4,5
26,715 25,186 24,348 
Diluted earnings per share$2.18 $1.96 $1.88 
Anti-dilutive warrants, restricted stock awards, and Series A convertible preferred stock 48 998 1,153 
1    For periods presented the Series A convertible preferred stock was anti-dilutive and, therefore, the preferred dividends have not been added back to the numerator of Net income, for diluted earnings per share.
2    Series A Preferred Stock exchanged for Common Stock and cash on September 16, 2025.
3    Incremental diluted shares from restricted stock awards under the treasury stock method.
4    For the years ended December 31, 2025, 2024 and 2023, the incremental diluted shares from Series A convertible preferred stock were not included in the diluted earnings per share count because the results would have been anti-dilutive under the treasury stock method.
5    For the years ended December 31, 2025, 2024 and 2023, the warrants were not included in the diluted share count because the results would have been anti-dilutive under the if-converted method.

Historical Timeline

Fiscal YearFiled
2025Mar 10, 2026Showing above
2024Mar 17, 2025
2023Apr 1, 2024

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

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