NEWTEK BUSINESS SERVICES, INC. NEWT Income Statement

Newtek business services, inc. (NEWT)

Income statement / TTM

Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Operating revenues
Electronic payment processing
89,218	89,501	89,651	89,108	88,618	86,543	85,483	0	0	0	-	-	-	-	-	-
Web hosting and design
16,558	16,982	17,375	17,733	17,864	17,895	18,208	0	0	0	-	-	-	-	-	-
Premium income
20,389	20,334	19,456	17,709	16,759	14,236	12,367	0	0	0	-	-	-	-	-	-
Interest income
5,771	5,369	4,838	4,429	4,079	3,730	3,422	0	0	0	-	-	-	-	-	-
Servicing fee income - NSBF portfolio
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Servicing fee income - NSBF portfolio
-	-	-	0	-	-	-	0	0	0	-	-	-	-	-	-
Servicing fee income - external portfolios
5,592	4,742	3,796	3,414	4,327	4,909	4,564	0	0	0	-	-	-	-	-	-
Income from tax credits
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Income from tax credits
-	0	-	0	-	357	522	0	0	0	-	-	-	-	-	-
Insurance commissions
1,624	1,678	1,737	1,637	1,490	1,339	1,205	0	0	0	-	-	-	-	-	-
Other income
4,179	3,843	3,858	3,666	3,322	3,204	3,061	0	0	0	-	-	-	-	-	-
Total operating revenues
146,653	145,536	143,593	140,534	139,218	134,545	131,130	0	0	0	-	-	-	-	-	-
Net change in fair value of:
Operating revenues
-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
SBA loans
-1,226	-2,116	-1,226	-1,370	-1,498	-1,295	-1,013	-1,982	-2,298	-4,415	-5,493	-4,678	-2,761	0	0	0
Warrants
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Credits in lieu of cash and notes payable in credits in lieu of cash
-5	3	21	8	-12	-14	3	-140	-166	-170	-131	-14	45	0	0	0
Total net change in fair value
-1,231	-2,113	-1,205	-1,362	-1,510	-1,420	-1,121	-2,223	-4,334	0	-	0	0	-	-	-
Operating expenses:
Total net change in fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Electronic payment processing costs
75,786	75,839	75,761	75,504	74,909	73,114	72,183	70,446	69,851	69,646	69,389	69,941	69,429	0	0	0
Salaries and benefits
25,282	24,782	24,360	23,673	23,580	22,694	22,314	21,802	21,452	21,539	21,042	20,627	20,079	0	0	0
Interest
8,404	6,196	5,863	5,451	5,206	4,961	4,495	4,014	3,530	3,198	3,416	3,631	3,899	0	0	0
Depreciation and amortization
3,412	3,332	3,284	3,215	3,147	3,042	3,036	3,150	3,408	3,726	3,955	4,235	4,389	0	0	0
Provision for loan losses
929	999	1,322	840	873	818	810	816	941	860	763	959	1,144	0	0	0
Other general and administrative costs
21,118	21,192	20,729	20,252	19,050	18,488	17,732	17,950	18,177	18,174	18,132	17,066	16,665	0	0	0
Total operating expenses
134,931	132,340	131,319	128,935	126,765	123,117	120,570	118,386	117,662	0	-	0	0	-	-	-
Income before income taxes
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Total operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Income before income taxes
-	-	-	0	-	-	-	0	0	0	-	1,553	1,732	0	0	0
Provision for income taxes
3,601	3,870	3,918	4,613	5,835	5,387	3,882	-13	-1,874	-2,159	-1,195	891	1,023	0	0	0
Net income
6,890	7,213	7,151	6,840	6,324	5,837	5,557	5,758	5,295	3,770	3,223	662	709	0	0	0
Net income attributable to non-controlling interests
-129	-254	-377	-348	-351	-239	-86	-44	-80	-75	-112	-122	-126	0	0	0
Net income attributable to Newtek Business Services, Inc.
0	0	-	0	0	0	-	0	0	0	-	784	835	0	0	0
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