NEWT News & Events

NewtekOne and Payroc WorldAccess announced that they have formed a strategic alliance whereby Payroc will incorporate certain of NewtekOne's business and financial solutions into Payroc's menu of embedded business and financial solutions offered to its more than 190,000 active merchants.

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.