earnings
confidence high
sentiment positive
materiality 0.75
NewtekOne reports 1Q26 EPS $0.43, YoY +19-23%; deposits up 92% YoY; reaffirms FY26 guidance
NewtekOne, Inc.
2026-Q1 EPS reported
$0.43
- Basic/diluted EPS $0.43 vs $0.36/$0.35 YoY; net income before taxes $17.1M, up 46.7%.
- Deposits ~$1.9B, up 92% YoY; business deposits +66%, consumer deposits +88% YoY; 10,000+ accounts opened.
- Closed $295M securitization (NALP 2026-1) backed by $342M ALP loans; 10x oversubscribed; 32 institutions.
- Shifted C&I LA loan origination to Newtek Bank; paid down $0 warehouse facilities; NPLs stable at ~$54M.
- Reaffirmed 2026 EPS guidance $2.15-$2.55; set 2027 EPS growth target of 10% implying $2.40-$2.80.