NEWT News & Events

Management stated it remains "comfortable" with its previously issued full-year guidance range for 2026. Beyond, the company established a new target of 10% EPS growth for FY27.

Reports Q1 net interest income $17.2M vs. $13.9M last year. Reports Q1 noninterest income $53.7M vs. $52.4M last year. At quarter-end, total assets were $2.89B, up 35% year-over-year, and total deposits were $1.86B, up 92% year-over-year. The company closed its largest-ever rated securitization of $295M during the quarter. The efficiency ratio for the quarter was 62.4%. "We are pleased to report basic and diluted EPS of $0.43 and $0.43 for 1Q26, which reflect increases of 19% and 23% over 1Q25 basic and diluted EPS of $0.36 and $0.35, respectively, " said Barry Sloane, chairman and CEO.

NewtekOne announced that its bank subsidiary, Newtek Bank, National Association, launched the Newtek Seven Day Business Loan: business loans of up to $350,000 funded to approved borrowers within seven days of a complete loan application. "The Newtek Seven Day Business Loan is structured over a ten-year repayment period, with no balloon payment risk, and a total borrowing cost - including interest and fees - that we believe is materially more favorable than other quick funding alternatives such as merchant cash advance," the company said.