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NewtekOne, Inc. NEWT Banking — Professional services expense
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Where this comes from
Reported directly by NewtekOne, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ProfessionalFees.
The source filing: NewtekOne, Inc.’s 10-Q, filed May 8, 2026.
- Filed
- May 8, 2026, 4:02 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001587987-26-000004
| Line item | Banking / Segment | Banking / Elim | Alternative Lending / Segment | Alternative Lending / Elim | NSBF / Segment | NSBF / Elim | Payments / Segment | Payments / Elim | Corporate & Other / Segment | Consolidated |
|---|---|---|---|---|---|---|---|---|---|---|
| Noninterest income | 48,237 | (6,459) | 3,903 | — | (3,586) | — | 10,880 | (341) | 7,026 | 53,731 |
| Salaries and employee benefits expense | 15,243 | (1,105) | 310 | (310) | 125 | (125) | 1,868 | (356) | 5,551 | 23,096 |
| Electronic payment processing expense | — | — | — | — | — | — | 4,448 | (341) | 14 | 4,121 |
| Professional services expense | 736 | — | 115 | — | 307 | — | 102 | — | 1,343 | 2,603 |
| Other loan origination and maintenance expense | 8,124 | (3,943) | 882 | (522) | 3,642 | (1,968) | — | — | 31 | 6,227 |
| Technology expense | 1,421 | — | 477 | — | 278 | — | 99 | — | 678 | 2,953 |
| Other general and administrative costs | 3,333 | (929) | 78 | — | 1,607 | — | 384 | (72) | 245 | 5,263 |
| Income before taxes | 27,738 | (223) | 8,458 | 790 | (7,470) | 1,971 | 3,634 | (1,373) | (9,723) | 17,086 |
ITEM 1. FINANCIAL STATEMENTS.
FAQ
- What is NewtekOne, Inc.'s banking — professional services expense?
- NewtekOne, Inc. (NEWT) reported banking — professional services expense of $736K in Q1 2026.
- How has NewtekOne, Inc.'s banking — professional services expense changed year-over-year?
- NewtekOne, Inc.'s banking — professional services expense decreased by 0.9% year-over-year, from $743K to $736K.
- What is the long-term trend for NewtekOne, Inc.'s banking — professional services expense?
- Over 2 years (2023 to 2025), NewtekOne, Inc.'s banking — professional services expense has grown at a 32.9% compound annual growth rate (CAGR), from $2.9M to $5.13M.
- What does banking — professional services expense mean?
- This metric represents the costs incurred by the banking segment for external advisory, legal, accounting, and consulting services. It reflects the company's reliance on third-party expertise to support operational compliance, strategic initiatives, and specialized banking functions.
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