NewtekOne (NEWT) Proxy Filing summary

Executive summary

• Achieved 2024 diluted EPS of $1.96, up 50% from 2023 after adjusting for a prior tax benefit.

• Return on average assets reached 3.2% and return on average tangible common equity was 24.1% in 2024.

• Total assets grew 44% to $2.1 billion, with deposit balances more than doubling to over $1 billion.

• Tangible book value per share increased 16% to $9.39.

• Business model leverages technology for efficient, branchless banking and industry-leading profitability.

Voting matters and shareholder proposals

• Proxy materials filed as definitive additional materials under SEC rules.

Board of directors and corporate governance

• CEO, President, Chairman & Founder Barry Sloane reaffirmed commitment to strategic transformation and growth.