NewtekOne, Inc. Reports 3Q26 Basic and Diluted EPS of $0.34
NewtekOne reported 3Q26 EPS of $0.34, roughly half the $0.68 posted in 3Q25, as provision for credit losses more than doubled to $15.4 million and ROAE fell from 20.4% to 9.2%. Despite the earnings decline, management reaffirmed its 2026 EPS guidance of $1.70-$1.80 and pointed to strong deposit momentum: total deposits reached $2.5 billion, with core consumer deposits up 126% year-over-year and loans on balance sheet up 46% to over $2.7 billion. Net interest income of $19 million grew 30% year-over-year as the company holds more guaranteed SBA 7(a) portions on balance sheet, and Newtek reestablished itself as the number-one SBA 7(a) originator by approval count for SBA fiscal 2026.
Key figures
- Eps
- 0.34
- Guidance
- Reaffirmed 2026 EPS guidance range of $1.70-$1.80
- Roaa
- 1.30%
- Roae
- 9.2%
- Rotce
- 10.8%
- Nii yoy
- 30%
- Net income
- 10704000
- Total assets
- 3526012000
- Eps yoy prior
- 0.68
- Total deposits
- 2511219000
- Efficiency ratio
- 58.7%
- Net interest income
- 18892000
- Sba 7a originations
- 215000000
- Book value per share
- 12.8
- Loans on balance sheet
- over $2.7 billion, up 46% Y/Y
- Provision for credit losses
- 15393000
- Tangible book value per common share
- 12.3
AI analysis
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