other material
confidence high
sentiment positive
materiality 0.70
NewtekOne provides 1Q25 loan/deposit metrics; reiterates 2025 EPS guidance of $2.10-$2.50
NewtekOne, Inc.
- SBA 7(a) originations: 580 loans for $213M in 1Q25 vs 489 loans for $212M in 1Q24.
- CRE loans HFI grew 20% Q/Q to $231M; combined CRE/C&I portfolio projected at ~$464M year-end (94% Y/Y).
- Deposits at Newtek Bank ended 1Q25 at ~$1.06B, up 88% YoY and 2% Q/Q; wholesale deposits down 32% Q/Q.
- Reiterated 2025 EPS guidance of $2.10-$2.50; loan and deposit volumes tracking at or above projections.
- ALP originations $68.5M in 1Q25; full-year 2025 ALP originations estimated at $500M.