Quarterly ResultApr 30, 2026, 04:03 PM
NEWT Q1 EPS $0.43, up 19.4% Y/Y; Net Interest Income +23.6%
AI Summary
NewtekOne, Inc. reported strong financial results for Q1 2026, with basic and diluted EPS of $0.43, reflecting increases of 19.4% and 22.9% year-over-year. Net interest income grew by 23.6% to $17.2 million, and net income before taxes surged by 46.7% to $17.1 million. The company also highlighted significant deposit growth at Newtek Bank, a successful $295 million securitization, and the retirement of $95 million in senior unsecured notes, while maintaining its 2026 EPS guidance and setting a 2027 target.
Key Highlights
- Basic and diluted EPS were $0.43, up 19.4% and 22.9% Y/Y respectively.
- Net interest income was $17.2 million, a 23.6% increase Y/Y.
- Net income before taxes was $17.1 million, up 46.7% Y/Y.
- Book value per common share ended at $12.36, up 15.2% Y/Y.
- Newtek Bank deposits increased $833 million (92%) Y/Y to $1.9 billion.
- Closed a $295 million securitization, the 17th and largest rated securitization.
- Retired $95 million of fixed rate senior unsecured notes.
- Paid a quarterly cash dividend of $0.19 per common share.