Q1 2026 NewtekOne Inc Earnings Call Transcript

Apr 30, 2026 / 08:30 PM GMT

Release Date Price: $12.97 (+2.45%)

Transcript 10-Q8-K

Key Points

Positve

NewtekOne Inc (NEWT) reported a strong start to 2026 with an EPS of $0.43, meeting consensus and reflecting significant growth over the previous year.
The company has achieved substantial growth in deposits, with business deposits increasing by $37 million quarter-over-quarter and $173 million year-over-year.
NewtekOne Inc (NEWT) has successfully integrated technology to enhance loan origination, achieving a 40% year-over-year increase in loan units.
The company has been approved by the Federal Reserve's FedNow Program and the Clearinghouse RTP, enabling real-time payments for clients.
NewtekOne Inc (NEWT) has maintained strong asset growth supported by healthy capital ratios, with leverage above 13% and CET1 over 15.5%.

Negative

The company's net interest margin has experienced compression due to a shift in earning asset mix, despite overall growth in net interest income.
Loan yields decreased quarter-over-quarter, primarily due to timing issues related to securitization and late loan originations.
The company's leverage ratio at the holding company is approaching capitalization constraints, necessitating careful management of growth and securitizations.
There is a noted decrease in loan sizes within the SBA bucket, which may reflect market conditions or underwriting adjustments.
The company holds a significant amount of cash at the Federal Reserve, which could be seen as a drag on interest income in the short term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NEWT.OQ - NewtekOne Inc
Q1 2026 NewtekOne Inc Earnings Call
Apr 30, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, and thank you for standing by. Welcome to the New Tech First Quarter 2026 Earnings Conference Call.

At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session.

To ask a question during your session, you will need to press *11 on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press *11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Barry Sloan, President and CEO. Please go ahead.

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