Newtek business services, inc. (NEWT)
Income statement / Quarterly
Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Operating revenues
Electronic payment processing

23,163

21,527

22,352

22,176

23,446

21,677

21,809

21,686

21,371

20,617

-

-

-

-

-

-

Web hosting and design

4,114

3,987

4,063

4,394

4,538

4,380

4,421

4,525

4,569

4,693

-

-

-

-

-

-

Premium income

4,992

5,137

6,156

4,104

4,937

4,259

4,409

3,154

2,414

2,390

-

-

-

-

-

-

Interest income

1,568

1,561

1,398

1,244

1,166

1,030

989

894

817

722

-

-

-

-

-

-

Servicing fee income - NSBF portfolio

915

832

-

-

666

614

-

-

-

-

-

-

-

-

-

-

Servicing fee income - NSBF portfolio

-

-

-

730

-

-

-

560

496

580

-

-

-

-

-

-

Servicing fee income - external portfolios

1,743

1,793

1,452

604

893

847

1,070

1,517

1,475

502

-

-

-

-

-

-

Income from tax credits

-15

-

-

-

-29

-

-

-

-

-

-

-

-

-

-

-

Income from tax credits

-

13

-

31

-

26

80

122

129

191

-

-

-

-

-

-

Insurance commissions

416

385

390

433

470

444

290

286

319

310

-

-

-

-

-

-

Other income

1,202

852

1,067

1,058

866

867

875

714

748

724

-

-

-

-

-

-

Total operating revenues

38,128

36,087

37,664

34,774

37,011

34,144

34,605

33,458

32,338

30,729

-

-

-

-

-

-

Net change in fair value of:
Operating revenues

-

-

-

-

-

-

-

-

-

-

-

30,657

32,322

30,523

29,202

28,006

SBA loans

118

-1,266

348

-426

-772

-376

204

-554

-569

-94

-765

-870

-2,686

-1,172

50

1,047

Warrants

-

-

-

-

-

-

-

-

-111

-

-

-

-

-

-

-

Credits in lieu of cash and notes payable in credits in lieu of cash

-1

1

-5

0

7

19

-18

-20

5

36

-161

-46

1

75

-44

13

Total net change in fair value

117

-1,265

343

-426

-765

-357

186

-574

-675

-58

-

-916

-2,685

-

-

-

Operating expenses:
Total net change in fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,097

6

1,060

Electronic payment processing costs

19,575

18,362

18,898

18,951

19,628

18,284

18,641

18,356

17,833

17,353

16,904

17,761

17,628

17,096

17,456

17,249

Salaries and benefits

6,823

6,478

6,291

5,690

6,323

6,056

5,604

5,597

5,437

5,676

5,092

5,247

5,524

5,179

4,677

4,699

Interest

3,589

1,636

1,701

1,478

1,381

1,303

1,289

1,233

1,136

837

808

749

804

1,055

1,023

1,017

Depreciation and amortization

896

855

830

831

816

807

761

763

711

801

875

1,021

1,029

1,030

1,155

1,175

Provision for loan losses

139

-205

938

57

209

118

456

90

154

110

462

215

73

13

658

400

Other general and administrative costs

4,934

5,480

5,316

5,388

5,008

5,017

4,839

4,186

4,446

4,261

5,057

4,413

4,443

4,219

3,991

4,012

Total operating expenses

35,956

32,606

33,974

32,395

33,365

31,585

31,590

30,225

29,717

29,038

-

29,406

29,501

-

-

-

Income before income taxes

2,289

2,216

-

-

2,881

2,202

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

28,592

28,960

28,552

Income before income taxes

-

-

-

1,953

-

-

-

2,659

1,946

1,633

-

335

136

834

248

514

Provision for income taxes

911

849

1,704

137

1,180

897

2,399

1,359

732

-608

-1,496

-502

447

356

590

-370

Net income

1,378

1,367

2,329

1,816

1,701

1,305

2,018

1,300

1,214

1,025

2,219

837

-311

478

-342

884

Net income attributable to non-controlling interests

-16

-24

-85

-4

-141

-147

-56

-7

-29

6

-14

-43

-24

-31

-24

-47

Net income attributable to Newtek Business Services, Inc.

1,394

1,391

-

1,820

1,842

1,452

-

1,307

1,243

1,019

-

880

-287

509

-318

931

Weighted average common shares outstanding - basic

35,531

35,432

35,357

35,322

35,283

35,218

35,191

35,200

35,922

35,779

35,716

35,716

35,716

35,676

35,659

35,648

Weighted average common shares outstanding - diluted

38,477

38,386

37,958

38,024

37,902

37,736

36,394

37,520

36,881

36,193

35,836

36,544

35,716

36,196

35,659

35,803

Earnings per share - basic

0.04

-

-

0.05

0.05

-

-

0.04

-

-

-

-

-

-

-

-

Earnings per share - diluted

0.04

-

-

0.05

0.05

-

-

0.03

-

-

-

-

-

-

-

-

Earnings per share - basic and diluted

-

0.04

-

-

-

0.04

-

-

0.03

0.03

-

0.02

-0.01

0.01

-0.01

0.03