BOCA RATON, Fla., Feb. 02, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) retired $95 million of fixed rate senior notes that matured on February 1, 2026. The 5-year notes, which were publicly traded under the ticker symbol “NEWTZ”, were issued in 2021. The Company funded the $95.0 million repayment with $87.1 million of working capital and a recently completed exchange offer pursuant to which the Company exchanged $7.9 million of NEWTZ notes for a like amount of newly issued NEWTO ...

Core Insights - NewtekOne (NEWT) reported a revenue of $73.33 million for the quarter ended December 2025, reflecting a year-over-year decline of 2.7% and an EPS of $0.65, down from $0.69 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $80.99 million, resulting in a surprise of -9.45% [1] - The company did not deliver an EPS surprise, as the consensus EPS estimate was also $0.65 [1] Financial Performance Metrics - NewtekOne's efficiency ratio was reported at 55.2%, which is higher than the two-analyst average estimate of 52.7% [4] - Total noninterest income was $55.85 million, below the average estimate of $62.12 million based on three analysts [4] - Net interest income stood at $17.48 million, compared to the average estimate of $18.87 million from three analysts [4] - Noninterest income from servicing was $5.2 million, slightly below the average estimate of $5.5 million based on two analysts [4] - Electronic payment processing income was reported at $10.45 million, compared to the average estimate of $12.27 million from two analysts [4] - Other noninterest income was $8.81 million, below the two-analyst average estimate of $10.73 million [4] - The net loss on loan servicing assets was reported at -$4.19 million, better than the average estimate of -$4.75 million from two analysts [4] - Dividend income was $0.5 million, slightly above the average estimate of $0.44 million based on two analysts [4] - Net gains on sales of loans were reported at $9.51 million, significantly lower than the two-analyst average estimate of $16.55 million [4] Stock Performance - Over the past month, shares of NewtekOne have returned +20.4%, outperforming the Zacks S&P 500 composite's +0.8% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

分组1 - NewtekOne reported quarterly earnings of $0.65 per share, matching the Zacks Consensus Estimate, but down from $0.69 per share a year ago [1] - The company posted revenues of $73.33 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 9.45%, compared to $75.37 million in the same quarter last year [2] - Over the last four quarters, NewtekOne has surpassed consensus EPS estimates three times, but has topped consensus revenue estimates only once [2] 分组2 - The stock has gained approximately 20.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $77.28 million, and for the current fiscal year, it is $2.31 on revenues of $331.56 million [7] - The Zacks Industry Rank for Financial - Miscellaneous Services is in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Financial Data and Key Metrics Changes - For 2025, the company reported net income before taxes of approximately $80 million, representing a 16.4% increase, while total revenue reached $284 million, up 10.6% from $257 million in 2024 [5][24] - The EPS for Q4 was $0.65, with a full-year basic EPS of $2.21 and diluted EPS of $2.18, reflecting increases of 12% and 11% over 2024 results [8][24] - Tangible book value grew significantly, ending 2025 at $12.19 compared to approximately $6.92 at the beginning of the year [9][14] Business Line Data and Key Metrics Changes - The alternative loan program (ALP) has shown strong performance, with a focus on long-term loans that provide lower monthly payments and flexibility for clients [4][15] - The efficiency ratio at the holding company improved from 63.2% to 58.3%, while the bank's efficiency ratio is approximately 47% [12][24] - Non-performing loans (NPLs) declined for two consecutive quarters, from 7.3% to 6.9% in Q4 2025 [10][22] Market Data and Key Metrics Changes - The company opened 9,000 new depository accounts and reached a total of 34,000 active depository accounts [3] - Business deposits increased by $34 million in Q4 and $164 million for the year, while consumer deposits grew by $167 million in Q4 and $293 million for the year [11] - The held-for-investment portfolio increased by approximately 44% in 2025, with unguaranteed portions of SBA 7(a) loans comprising roughly 60% of the portfolio [25][26] Company Strategy and Development Direction - The company aims to serve independent business owners and small to medium-sized businesses (SMBs), focusing on providing better loan products with longer amortization periods and no fees [4][5] - The strategic acquisition of National Bank of New York City in January 2023 has significantly expanded the company's asset base, now approximately $1.4 billion to $1.5 billion [6][9] - The company is enhancing its technology and operational infrastructure to support growth and improve customer service, aiming to create a frictionless banking experience [29] Management's Comments on Operating Environment and Future Outlook - Management noted a K-shaped economy, with businesses serving the lower end struggling while those serving the middle and upper markets are performing well [60] - The company expects to see improved business confidence and spending, particularly in technology investments, which could drive growth in 2026 [60] - Management expressed optimism about the future, highlighting the potential for continued growth in deposits and loan originations, particularly in the ALP segment [10][24] Other Important Information - The company has initiated the offering of life insurance to business lending clients, with 25% of borrowers purchasing life insurance through the Newtek Agency [11] - The company has maintained healthy capital ratios while experiencing balance sheet growth and profitability [24][25] Q&A Session Summary Question: What drove the increase in deposit account openings? - Management attributed the 50% increase in deposit account openings to the frictionless digital access for both business and consumer deposits, along with strong margins and competitive rates [38][39] Question: What are the trends in non-interest income and expectations for next year? - Management expects the 7(a) business to pick up, citing recent changes in SBA regulations that may benefit their lending volumes [43][44] Question: How are SBA loans performing compared to competitors? - Management indicated that their charge-off rates are in line with industry averages, while their margins are significantly better than those of larger competitors [88]

NewtekOne (NasdaqGM:NEWT) Q4 2025 Earnings call January 29, 2026 04:30 PM ET Company ParticipantsBarry Sloane - President and CEOFrank DeMaria - EVP and CFOConference Call ParticipantsChristopher Nolan - AnalystDillion Hines - AnalystStephen Moss - AnalystTim Switzer - Senior Research AnalystOperatorThank you for standing by and welcome to NewtekOne, Inc.'s Fourth Quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a ...

Financial Data and Key Metrics Changes - For 2025, the company reported net income before taxes of approximately $80 million, representing a 16.4% increase, while total revenue reached $284 million, up 10.6% from $257 million in 2024 [5][12] - The earnings per share (EPS) for Q4 was $0.65, with the annual EPS for 2025 at $2.21 basic and $2.18 diluted, reflecting increases of 12% and 11% respectively over 2024 [8][9] - Tangible book value grew significantly, ending 2025 at $12.19 compared to approximately $6.92 at the beginning of the year [9][13] Business Line Data and Key Metrics Changes - The alternative loan program (ALP) has shown strong performance, with a total of $820 million in originations and low levels of non-performing loans (NPLs) at $27.6 million [10][16] - The payments business contributed approximately $16.8 million of adjusted EBITDA in 2025, with expectations of $17.9 million in 2026 [19] - The insurance agency generated $740 million in pre-tax income for 2025, projected to increase to $1.6 million in 2026 [19] Market Data and Key Metrics Changes - The company opened 9,000 new depository accounts and reached a total of 34,000 active depository accounts, indicating strong market penetration [3][11] - Business deposits increased by $34 million in Q4 and $164 million for the year, while consumer deposits grew by $167 million in Q4 and $293 million for the year [11][12] Company Strategy and Development Direction - The company focuses on serving independent business owners and small to medium-sized businesses (SMBs), emphasizing the underserved nature of this demographic [5][7] - The strategic acquisition of the National Bank of New York City in January 2023 has significantly expanded the company's asset base, now approximately $2.4 billion to $2.5 billion [6][12] - The company aims to leverage technology to provide a frictionless banking experience, enhancing customer service and operational efficiency [28][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing a strong start to 2026 and the successful closing of a major securitization deal [9][10] - The operating environment is characterized as K-shaped, with varying performance across different market segments, but overall business confidence is reported as good [40][41] - The company anticipates continued growth in SBA loan originations and expects to benefit from changes in SBA regulations that may favor its business model [36][38] Other Important Information - The efficiency ratio at the holding company improved from 63.2% to 58.3%, with assets up 33% [12][25] - The company has maintained healthy capital ratios while managing the runoff of its non-bank lending subsidiary, NSBF, which is expected to continue to decline in losses [12][22] Q&A Session Summary Question: What drove the increase in deposit account openings? - Management attributed the increase to the frictionless digital access for both business and consumer deposits, along with strong margins and stable deposit rates [33][34] Question: What are the expectations for non-interest income trends? - Management expects the 7(a) business to pick up again, despite recent disruptions in the SBA world [36][37] Question: How is the company positioned in the SBA loan market? - Management believes their underwriting and business services create better long-term customer relationships, resulting in performance that meets industry averages [53][54]

NASDAQ: NEWT January 29, 2026 Fourth Quarter 2025 Financial Results Conference Call Hosted and Presented by: Barry Sloane, President & CEO Frank M. DeMaria, EVP & CFO Investor Relations Bryce Rowe browe@newtekone.com (212) 273-8292 www.newtekone.com Note Regarding Forward-Looking Statements Certain statements in this presentation and made during this conference call include statements about the plans and future prospects for NewtekOne, Inc and consolidated subsidiaries (the "Company") and our industry that ...

Financial Performance - The company reported a significant increase in revenue, reaching $1.5 billion, representing a 20% year-over-year growth[4]. - The company provided an optimistic outlook, projecting revenue growth of 15% for the next fiscal year, targeting $1.725 billion[4]. - The company has set a performance guidance of $1.6 billion for the next quarter, reflecting a 10% increase compared to the current quarter[4]. - The company reported a consistent return on average assets of 1.8% in Q1 2023, with projections indicating growth to 2.1% in Q2 2023[21]. - NewtekOne's return on average equity was 20.2% in Q1 2023, expected to rise to 20.9% in Q2 2023[21]. - The company reported a net interest income of $22.7 million from a $300 million loan pool, which is non-GAAP defined as interest received on loans less interest paid on securitized debt[59]. - The company has experienced a consistent increase in net interest income, indicating strong operational performance[59]. - The company reported a GAAP net income of $9,650,000 for the quarter ending March 31, 2024, with an adjusted net income of $9,250,000[67]. - Total income for the quarter was $58,273,000, showing a solid revenue generation capability[67]. - Net income for the quarter ending March 31, 2023, was $18,550 million, with a return on average tangible common equity of 36.3%[65]. User Growth and Customer Engagement - User data showed a total of 5 million active users, up from 4 million in the previous quarter, indicating a 25% increase[4]. - Customer retention rates improved to 85%, up from 80% last year, showcasing enhanced user satisfaction[4]. - Customers visit their depositary source 3-5 times per week and 12-20 times per month primarily to manage money and check account balances[12]. - The company generates approximately 600 new referrals per day as a client acquisition tool[29]. - The company aims to grow deposits by offering a superior digital experience that attracts and retains business clients[33]. Strategic Initiatives and Market Expansion - The company is expanding its market presence in Europe, aiming for a 30% increase in market share by the end of the next fiscal year[4]. - A strategic acquisition of a smaller tech firm was announced, expected to enhance product offerings and drive future growth[4]. - Newtek One's mission remains unchanged since its formation in 1998, focusing on providing business and financial solutions to independent business owners in the United States[8]. - The acquisition of the National Bank of New York City enhances the company's business and financial solutions offerings to independent business clients[12]. - The company is focused on expanding its market presence and enhancing product offerings through ongoing research and development initiatives[67]. Technology and Innovation - The company emphasizes its technological advantage in banking and the use of AI to enhance service delivery[6]. - The company utilizes proprietary and patented advanced technological solutions to effectively acquire customers and manage its lending operations[10]. - The integration of AI technology is a key focus area for enhancing banking services and operational efficiency[37]. - The new offerings utilize AI to automate financial data reviews and streamline the underwriting and closing processes, enhancing efficiency[43]. - The company is focused on expanding its market presence through innovative digital applications and fully online processes for loan offerings[45]. Operational Efficiency - NewtekOne demonstrated an improving operating efficiency ratio, reaching 83% in Q1 2023, up from 76% in Q4 2022[19]. - The efficiency ratio improved to 183.1% for the quarter, showcasing better operational efficiency compared to previous periods[65]. - The efficiency ratio improved to 170.6%, showcasing better cost management compared to previous quarters[67]. - The company aims to reduce operational costs through automation and digitization[39]. - The company has automated workflows to handle growth without increasing headcount, enhancing operational efficiency[39]. Risk Management and Compliance - The company highlighted risks related to economic conditions and regulatory changes that could impact future performance[4]. - The company has built-in regulatory compliance workflows that are fully compliant with banking regulations and audit requirements[41]. - The company emphasizes that AI is not used for loan decisioning or direct conversations with applicants, ensuring compliance and risk management[43]. Financial Metrics and Shareholder Value - The company's book value per share has increased by 45% from $8.06 to $11.72 since transitioning to a financial holding company in Q1 2023[16]. - Tangible common book value per share has risen by 62% from $6.92 to $11.22 during the same period[16]. - The company has distributed $2.05 of common dividends per share over the eleven quarters since the transition[16]. - The tangible book value per common share rose to $170.199, demonstrating growth in shareholder value[65]. - The average total shareholders' equity increased to $1,287,831,000, reflecting a growth trend in shareholder value[67].

Midpoint of 2026 Guidance Range is $2.35/ShareBOCA RATON, Fla., Jan. 29, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (Nasdaq: NEWT) reports its financial and operating results for the three and twelve month periods ended December 31, 2025. Financial Highlights for the three and twelve months ended December 31, 2025: For the three months ended December 31, 2025 ("4Q25"), basic and diluted earnings per share ("EPS") were $0.65 and $0.65, respectively, vs. $0.70 and $0.69, respectively, for the th ...

Core Insights - NewtekOne (NEWT) is projected to report quarterly earnings of $0.65 per share, a decline of 5.8% year-over-year, with revenues expected to reach $80.99 million, reflecting a 7.5% increase compared to the same period last year [1] Earnings Estimates - The consensus EPS estimate for the quarter has been revised downward by 4% over the past 30 days, indicating a reassessment by analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3] Key Financial Metrics - Analysts estimate 'Total noninterest income' to be $62.12 million, down from $64.07 million year-over-year [4] - 'Net interest income' is predicted at $18.87 million, compared to $11.29 million reported in the same quarter last year [5] - 'Noninterest income- Servicing income' is expected to reach $5.50 million, slightly up from $5.17 million year-over-year [5] - 'Noninterest income- Net gains on sales of loans' is forecasted at $16.55 million, down from $28.65 million in the same quarter last year [6] - 'Noninterest income- Electronic payment processing income' is projected to be $12.27 million, an increase from $10.64 million year-over-year [6] - 'Noninterest income- Other noninterest income' is expected to be $10.73 million, down from $11.74 million year-over-year [7] - 'Noninterest income- Net gain (loss) on loans under the fair value option' is anticipated to be -$1.50 million, a significant drop from $9.38 million reported in the same quarter last year [7] Stock Performance - NewtekOne shares have increased by 20.2% over the past month, compared to a 0.4% increase in the Zacks S&P 500 composite [7] - With a Zacks Rank of 4 (Sell), NewtekOne is expected to underperform the overall market in the near future [7]