Financial Performance & Growth - Since Q1 2023, NewtekOne's book value/share has increased by 45% from $8.06 to $11.72[14] - Tangible common book value (TBV)/share has increased by 62% from $6.92 to $11.22 since Q1 2023[14] - NewtekOne has distributed $2.05 of common dividends/share over the eleven quarters since transitioning to a financial holding company[14] - The company's operating efficiency ratio has improved from over 70% in 2023 to 56.3% as of September 30, 2025[44] - Hypothetical $300 million loan pool generates $22.7 million of annual net interest income[84] Lending & Securitization - Approximately $850 million of originations across 180 loans in C&I loans held for sale since 2018[75] - The ALP securitization completed in April 2025 generates 570 bps of spread income after FV mark on securitization not including 100 bps of servicing income[75] - The advance rate for the 2026-1 securitization is 86%, with an ALP Loan Pool of $340 million[76] Newtek Advantage Platform - Newtek Bank has grown to $1.5 billion in assets (7x over three years) since acquisition[44] - The platform generates approximately 600 new referrals per day as a client acquisition tool[44] - In 2025, NewtekOne originated over $1.4 billion in loans[45]

Core Insights - NewtekOne, Inc. is hosting its "2026 Analyst and Investor Day" on January 8, 2026, at its Boca Raton headquarters, with a live webcast available for participants [1][2] - The event will feature key presentations from company executives, including Barry Sloane, who will discuss the company's technological advancements and provide EPS guidance for 2026 of $2.15 - $2.55 [2][3] Company Overview - NewtekOne is a financial holding company that offers a wide range of business and financial solutions to independent business owners across all 50 states since 1999 [4] - The company's services include banking, business lending, electronic payment processing, accounts receivable financing, insurance solutions, and technology solutions [5] Event Highlights - The Investor Day marks the three-year anniversary of Newtek's acquisition of Newtek Bank, N.A., emphasizing the transition to a technology-enabled financial holding company [3] - Barry Sloane expressed the company's commitment to leveraging technology for efficient financial services, including deposit acquisition and loan processing [3]

Core Viewpoint - NewtekOne, Inc. will host an Analyst and Investor Day on January 8, 2026, at its headquarters in Boca Raton, Florida, with a webcast available for remote participants [1]. Group 1: Event Details - The event will include a lunch with management at 12:00 PM, followed by the presentation starting at 1:00 PM [2]. - Participants interested in attending in person must email Bryce Rowe for on-site event details [2]. Group 2: Company Overview - NewtekOne is a financial holding company that provides a wide range of business and financial solutions to independent business owners across all 50 states since 1999 [3]. - The company offers various services including banking, business lending, electronic payment processing, insurance solutions, and technology solutions [4].

Company Overview - NewtekOne, Inc. (NEWT) is the holding company of Newtek Bank, which specializes in issuing SBA loans, particularly SBA 7(a) loans that have a principal and interest guarantee ranging from 50% to 90% from the Small Business Administration [1] Investment Focus - The Investment Doctor emphasizes a portfolio strategy that includes a mix of dividend and growth stocks, targeting a 5-7 year investment horizon [1] - The investment group European Small Cap Ideas, led by The Investment Doctor, provides exclusive access to actionable research on European small-cap investment opportunities [1] Portfolio Features - The group offers two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content on European investment opportunities [1] - An active chat room is available for discussions regarding the latest developments of the portfolio holdings [1]

Core Viewpoint - NewtekOne, Inc. has declared a quarterly cash dividend of $0.19 per share, payable on January 2, 2026, to shareholders of record as of December 22, 2025 [1] Company Overview - NewtekOne, Inc. is a financial holding company that provides a wide range of business and financial solutions to independent business owners across all 50 states since 1999 [3] - The company aims to help businesses grow sales, control expenses, and reduce risk through state-of-the-art, cost-efficient products and services [3] Business Solutions Offered - NewtekOne and its subsidiaries offer various solutions including: - Banking services through Newtek Bank, N.A. - Business Lending and SBA Lending Solutions - Electronic Payment Processing and eCommerce - Accounts Receivable Financing and Inventory Financing - Insurance Solutions, Web Services, and Payroll and Benefits Solutions - Technology Solutions such as Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting, and Web Services provided by Intelligent Protection Management Corp. [4]

Financial Results Announcement - NewtekOne, Inc. announced its financial results for the three and nine months ended September 30, 2025[7]. - The press release detailing the financial results was issued on October 29, 2025[7]. - The financial results are available on NewtekOne's investor relations website and the SEC's website[6]. Company Information - The company is registered under the Securities Exchange Act of 1934 and has various securities listed on the Nasdaq Global Market[3]. - The company operates from Boca Raton, Florida, and is incorporated in Maryland[2]. Forward-Looking Statements and Risks - NewtekOne's forward-looking statements are subject to significant risks and uncertainties, and actual results may differ materially[6]. - The report includes a note regarding forward-looking statements and risk factors associated with the company's operations[6]. Compliance and Reporting - The company has not elected to use the extended transition period for complying with new financial accounting standards[5]. - The report was signed by Barry Sloane, the Chief Executive Officer, President, and Chairman of the Board[13]. - The report does not include specific financial metrics or performance indicators[8].

Core Viewpoint - NewtekOne, Inc. is initiating an Exchange Offer to exchange its outstanding 5.50% Notes due 2026 for newly issued 8.50% Fixed Rate Senior Notes due 2031, aiming to provide existing holders with an opportunity to continue their investment in the company's senior notes [1][5]. Group 1: Exchange Offer Details - The Exchange Offer involves exchanging $95.0 million aggregate principal amount of Old Notes for an equal principal amount of New Notes, with each $25 principal amount of Old Notes exchanged for $25 principal amount of New Notes [2]. - The New Notes will mature on February 1, 2031, and will bear an interest rate of 8.50% per annum, payable quarterly starting February 1, 2026 [3]. - The Exchange Offer will expire at 5:00 p.m. New York City time on January 9, 2026, unless extended or terminated earlier [3]. Group 2: Conditions and Purpose - The consummation of the Exchange Offer is contingent upon at least 10% of the aggregate principal amount of Old Notes being validly tendered and not withdrawn [4]. - The purpose of the Exchange Offer is to allow holders of the Old Notes, which mature on February 1, 2026, to continue holding NewtekOne senior notes [5]. Group 3: Company Overview - NewtekOne, Inc. is a financial holding company that provides a wide range of business and financial solutions to independent business owners across the United States [11]. - The company's services include banking, business lending, electronic payment processing, and technology solutions, among others [12].

Core Insights - NewtekOne, Inc. is optimistic about its earnings per share (EPS) for 2025, projecting it to fall within the range of $2.10 to $2.50, following the resolution of the government shutdown [2] - The company has successfully opened nearly 30,000 deposit accounts digitally and is focused on providing a technology-oriented banking experience [2] - NewtekOne plans to present its operational and financial goals for 2026 to investors and analysts on January 8, 2026 [2] Company Overview - NewtekOne is a financial holding company that offers a wide range of business and financial solutions to independent business owners across all 50 states [3] - The company has been operational since 1999, providing cost-efficient products and services aimed at helping businesses grow sales, control expenses, and reduce risk [3] Business Solutions - NewtekOne's offerings include banking, business lending, SBA lending solutions, electronic payment processing, accounts receivable financing, inventory financing, insurance solutions, and payroll and benefits solutions [4] - The company also provides technology solutions such as cloud computing, data backup, IT consulting, and web services through its subsidiary Intelligent Protection Management Corp. [4] Financial Activities - NewtekOne is set to launch its largest securitization of alternative loan program (ALP) loans, marking its fourth securitization of ALP loans and 17th overall [6] - The company has repurchased 100,670 shares of its common stock at a weighted average price of $10.20 during the current quarter [6]

Core Insights - NewtekOne (NEWT) has experienced a significant decline this year, leading to a record high dividend yield and trading at a substantial discount to its tangible book value (TBV) per share [1] Group 1: Company Performance - The dividend yield of NewtekOne has expanded to a record high due to its price dip [1] - NewtekOne is currently trading at a double discount to its tangible book value per share [1] Group 2: Market Context - The equity market serves as a powerful mechanism for wealth creation or destruction over the long term, influenced by daily price fluctuations [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Company Structure and Operations - In 2023, the company converted to a financial holding company from a BDC and a non-bank lender, acquiring NBNYC, which was renamed Newtek Bank[210]. - Newtek Bank is currently the second largest SBA 7(a) lender in the U.S. based on dollar volume of loans approved, following a transition of SBA 7(a) loan originations from NSBF[213]. - The company offers a range of financial services including lending products, FDIC insured deposit products, payments processing, payroll services, and insurance brokerage services[206]. - The company’s transition to a financial holding company means it is no longer treated as a RIC for U.S. federal income tax purposes, impacting its tax obligations[212]. - The company is subject to regulation and supervision by the Federal Reserve and the OCC, requiring investments in technology and compliance processes[208]. Financial Performance - The Company reported net income of $41.0 million for the nine months ended September 30, 2025, an increase of 26.5% from $32.5 million in the same period of 2024[238]. - Interest income on loans increased by $23.9 million, contributing to the overall growth in net income before taxes[239]. - Noninterest income rose by $15.8 million, reaching $169.1 million compared to $153.2 million in 2024[239]. - Consolidated net income rose by 50% to $17.9 million in 2025 from $11.9 million in 2024[313]. - The Banking segment reported net income of $30.866 million, down 13% from $35.339 million in the prior year, while Alternative Lending saw a significant increase in net income to $60.445 million, up 77% from $34.147 million[274]. Loan and Asset Management - Total loans increased by $488.1 million to $1.88 billion as of September 30, 2025, compared to $1.39 billion at December 31, 2024[223]. - The company’s loan products include SBA 7(a), ALP, SBA 504, and traditional C&I and CRE bank loans, with a focus on the SMB market[206]. - The company originated ALP loans with the intent to securitize them, closing a securitization backed by $216.6 million of ALP loans in the second quarter of 2025[214]. - The average balance of loans held for investment increased to $1.5 billion from $1.1 billion year-over-year, contributing to the rise in interest income[242]. - The average outstanding accrual loan portfolio increased to $1.6 billion for the three months ended September 30, 2025, up from $1.2 billion in the prior year, contributing to higher interest income[284]. Credit Losses and Reserves - The allowance for credit losses increased to $45.2 million, representing 5.4% of loans held for investment at amortized cost as of September 30, 2025, compared to $30.2 million, or 4.9%, at December 31, 2024[228]. - The provision for credit losses increased to $30.3 million in 2025 from $16.7 million in 2024, reflecting higher net charge-offs and specific reserves on evaluated loans[247]. - The Company has a reserve for credit losses based on the CECL approach, which estimates expected credit losses over the life of exposures, reflecting historical loss experience and current economic conditions[359]. Regulatory Compliance and Risk Management - The company is subject to extensive regulation as a financial holding company, which may adversely affect its business operations and lending prospects[216]. - The Company’s Asset/Liability Committee oversees risk management related to interest rate and liquidity risks, establishing policies and limits for effective management[379]. - The company’s interest rate risk management involves matched funding strategies, with assets and liabilities closely linked to mitigate adverse effects from interest rate changes[374]. - The company regularly models various forecasted rate projections to assess and manage potential risks from interest rate shifts[381]. Capital and Funding - Total assets increased by $339.2 million, or 16.5%, to $2.4 billion as of September 30, 2025, compared to $2.1 billion at December 31, 2024[222]. - Total liabilities increased by $248.8 million, or 14.1%, to $2.0 billion as of September 30, 2025, compared to $1.8 billion at December 31, 2024[234]. - The Company completed a public offering of $75.0 million aggregate principal amount of 8.625% notes due 2029 on September 16, 2024, to support its funding strategy[248]. - The Company has authorized a stock repurchase program for up to 1.0 million shares and a debt repurchase program for up to $5.0 million of its 2029 Notes[322]. Deposits and Liquidity - Total deposits were $1.2 billion, with a $0.2 billion increase from December 31, 2024, and insured deposits represented 78.3% of total deposits[235]. - As of September 30, 2025, the Company had total liquidity sources of $341.5 million, down from $483.8 million as of December 31, 2024[348]. - Newtek Bank maintained approximately $187.7 million in cash at the Federal Reserve to enhance liquidity, aligning with its business strategy[240]. Noninterest Income and Expenses - Noninterest income increased by 10.3% to $169.061 million, driven by a 140.3% increase in dividend income to $2.711 million[254]. - Total noninterest expense increased by 4.2% to $125.645 million, primarily due to higher salaries and employee benefits expenses, which rose by 6.6% to $64.424 million[267]. - Other loan origination and maintenance expenses increased by 54.1% to $14.468 million due to a larger volume of loan originations[270]. Securitization and Asset Management - The Company originated $216.6 million of collateral for the securitization of ALP loans, with Class A Notes priced at a yield of 6.338% and a weighted average yield of 6.62%[368]. - The 2023-1 Trust issued securitization notes for the par amount of $103.9 million, consisting of $84.3 million of Class A notes and $19.6 million of Class B notes[339]. - The 2022-1 Trust issued securitization notes for the par amount of $116.2 million, consisting of $95.4 million of Class A notes and $20.8 million of Class B notes[340]. Interest Rate Sensitivity - As of September 30, 2025, a +200 basis point change in interest rates is estimated to increase net interest income (NII) by 13.8% for the 12 months beginning September 30, 2025[383]. - A -200 basis point change in interest rates is estimated to decrease NII by 15.8% for the same period[383]. - The company is asset sensitive, with variable rate loans repricing fully with assumed interest rate changes, while fixed-rate notes will reprice at maturity[383].