secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001587987-25-000077
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewtekOne Q1 EPS $0.35 beats guidance $0.28-$0.32; PPNR up 47% Y/Y
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- Diluted EPS $0.35 vs $0.38 in Q1 2024; net income before taxes $11.6M, down 11.1% Y/Y.
- Pre-provision net revenue (PPNR) $25.2M, +47% Y/Y; efficiency ratio improved to 62.1% from 70.6%.
- Tangible book value per share $10.17, up 23% Y/Y and 8.3% Q/Q; book value $10.73, +13.2% Y/Y.
- CEO cites strong balance sheet growth and above-average profitability despite heavier loan loss provision.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000077/0001587987-25-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798725000077/newt-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001587987-25-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer