NewtekOne, Inc. (NEWT) Earnings
NewtekOne, Inc. is expected to report next earnings on July 27, 2026 (in NaN days), with a consensus EPS estimate of $0.46. NEWT has beaten EPS estimates in 6 of its last 11 reported quarters (average surprise +2.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.43 | $0.43 | +0.0% | $71M | -6.3% |
| Jan 29, 2026 | $0.65 | $0.65 | +0.0% | $75M | -0.4% |
| Oct 29, 2025 | $0.63 | $0.67 | +6.3% | $95M | +18.8% |
| Feb 26, 2025 | $0.66 | $0.69 | +4.5% | $93M | +33.6% |
| Mar 5, 2024 | $0.58 | $0.53 | -8.6% | $67M | +5.5% |
| Aug 2, 2023 | $0.28 | $0.26 | -7.1% | $62M | +31.9% |
| Feb 27, 2023 | $0.60 | $0.06 | -90.0% | $33M | +31.4% |
| Aug 3, 2022 | $0.61 | $0.75 | +23.0% | $34M | +72.8% |
| May 4, 2022 | $0.65 | $0.72 | +10.8% | $30M | +65.8% |
| Feb 23, 2022 | $0.61 | $0.66 | +8.2% | $42M | +221.4% |
| Aug 10, 2021 | $0.77 | $1.20 | +55.8% | $37M | +85.5% |
| Jun 7, 2021 | — | $0.73 | — | $32M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Emphasized the strength of the loan program with good credit and margins, repositioning of loan structures, and expertise in the market. • Highlighted success in the marketplace, recent deal details, and benefits of securitization like spread after servicing, duration benefit, and reduced operational costs. • Discussed consolidated profitability metrics, trends at New Tech Bank including loan and deposit growth, credit trends, held for investment loan portfolio, and healthy capital ratios. • Reaffirmed EPS and origination guidance for 2026 and laid out EPS range for 2027.
Guidance
• Reaffirmed EPS and origination guidance for 2026. • Laid out an EPS range for 2027 to give market participants an early read on future trends. • Expect loan growth in the bank to be low double digit with greater diversification and improved credit metrics. • Hoping for a fourth quarter securitization event with a collateral pool of $400 to $500 million.
Segment performance
The businesses have been around for about 10 years with weighted average LDV 47% and debt service coverage over three. Recent deal 2026-1 had gross spread before servicing fee 6.6%. Consolidated profitability metrics: first quarter return on average assets just below 2%, return on tangible common equity approaching 15%, improving with step-ups over 2025 first quarter (seasonality with first quarter being weakest). New Tech Bank: returns on average assets, equity, tangible common equity picked up, efficiency ratio improved due to moving origination and funding of longer amortizing C&I loans to bank; deposit growth led to NIM compression but net interest income dollar balance increased; loan and deposit growth healthy, delinquencies and NPLs excluding government-guaranteed loans declined; loans at NewTek Bank now 83% of total loans; delinquencies down for three quarters, NPLs to loans excluding government-guaranteed loans down for four consecutive quarters, provisioning covers net charge-offs, net charge-offs picked up as loan portfolio seasoned; held for investment loan portfolio increased ~10% in first quarter with contributions from traditional CRE, traditional CNI, and unguaranteed SBA 7A loans (unguaranteed SBA 7A loans ~59% of held for investment book); strong asset growth supported by healthy capital ratios (leverage above 13%, CET1 over 15.5%, Tier 1 capital above 18%, total capital approaching 19.5%).
Risks & headwinds
• Cash at the Fed is a drag on interest income. • Timing issues with loan yields due to securitization and recharacterization of income. • Need to balance growth with securitizations to manage capitalization, but management doesn't see stretching capital. • Changes in the SBA market like 100% of owners must be U.S. citizens reducing volume, restrictions on using funds for certain refinances affecting some lenders.
Analyst Q&A
Q: On balance sheet growth, does it change loan growth trajectory?
A: Growth of loans will be in the bank, no loan origination at holding company, expect low double digit growth with greater diversification and improved credit metrics.
Q: On deposit side, will LDR normalize?
A: Have liquidity, will keep good amount, expect more business deposits over time as they take time.
Q: Lower loan yields, reason?
A: Mainly driven by ALP loans going off balance sheet at beginning of quarter and timing of originations later in second quarter.
Q: Leverage ratio, balancing growth?
A: Not stretching capital, capitalization and income will gravitate back up.
Q: Seven-day loan data and tech advantage?
A: Don't have specific breakout, tech-led stack helps convert funnel better.
Q: Next securitization?
A: Hoping for fourth quarter, collateral pool $400 - $500 million.
Q: SBA gain on sale premium and pricing dynamics?
A: Pricing maintained around 110.5, supply and demand held prices up, not seeing decline.
Q: Loan size and diversification?
A: Diversifying across different credit aspects and loan sizes.
Q: New business deposits average account size?
A: Consumer accounts around $10,000, business accounts closer to $250,000