Newtek Business Services Corp.

Newtek Business Services Corp. Earnings Recaps

NEWT Financials 3 recaps
Q1 2026 May 1, 2026

Shares of NewtekOne closed up 3.6% following first quarter 2026 results, with the market reacting favorably to improved credit quality and continued growth in deposits after recent volatility in the banking sector.

Key takeaways
  • Bank asset growth remained healthy, with over $2 billion in deposits—up substantially from the $140 million level at acquisition just over three years ago.
  • Management highlighted stabilized credit quality, noting a decline in non-performing loans as a percentage of the portfolio (excluding government guarantees).
  • The efficiency ratio at Newtek Bank was reported at 40%, referencing tight cost control via a primarily branchless model.
  • NewtekOne announced live approval for real-time payment solutions via FedNow and The Clearing House RTP, expanding tech-enabled offerings for business clients.
  • The company reinforced its leadership in the SBA sector, now the largest SBA lender by units and ranked top two or three by loan volume, according to management and recent SBA data.
Full recap
Q3 2025 Oct 30, 2025

NewtekOne reported strong financial results for Q3 2025, with earnings per share growth of 47% year-over-year, reflecting the company’s successful technology-driven banking model and robust deposit growth.

Key takeaways
  • Earnings per share reached $0.68 for Q3 2025, up 47% from the previous year, with year-to-date earnings of $1.57.
  • Tangible book value increased significantly to $11.72, a 69% rise since the beginning of the year.
  • Core deposits grew by $147 million in the quarter, with business deposits up 17% and consumer deposits up 12%.
  • Continued focus on technology-enabled services, effectively expanding the customer base without traditional banking infrastructure.
  • Paid a quarterly dividend of $0.19, maintaining a strong commitment to shareholder returns.
Full recap
Q2 2025 Jul 29, 2025

NewtekOne, Inc. demonstrated a strong performance in Q2 2025, achieving a 15% increase in revenue year-over-year while successfully expanding business deposits and maintaining its earnings guidance.

Key takeaways
  • Revenue grew to $70.2 million, up from $61 million in Q2 2024, reflecting a robust 15% increase.
  • Sequential growth in business deposits increased by $50 million, driven by integrated lending and payroll services.
  • Cost of funds declined by 28 basis points, contributing to an improved net interest margin forecast.
  • Maintained earnings per share guidance of $2.10 to $2.50 for the calendar year 2024, indicating stable financial health.
  • Continued focus on AI and technology-driven solutions positions NewtekOne favorably against traditional banking competitors.
Full recap