Newtek Business Services Corp. Q1 2026 Earnings Recap

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.