NewtekOne, Inc. (NEWT) Form 10-Q — Aug 10, 2026

$NEWTForm 10-QFiled Aug 10, 2026, 4:16 PM ET0001628280-26-055245Original filing

NewtekOne posted Q2 2026 net income of $14.6 million, up from $13.7 million a year earlier, bringing first-half net income to $28.0 million versus $23.1 million. Q2 diluted EPS nonetheless slipped to $0.47 from $0.52 as the share count grew and preferred dividends rose. The balance sheet expanded sharply, with total deposits jumping to $2.15 billion from $1.42 billion at year-end 2025 and total assets reaching $3.18 billion. The company simultaneously cut borrowings to $554.2 million from $819.9 million and repaid its $87.1 million of 5.50% 2026 Notes at maturity while raising $15 million of new 8.375% Notes due 2033.

Key figures

Eps: Q2 2026: $0.48 basic / $0.47 diluted; six months: $0.91 basic / $0.90 diluted
Net Income: Q2 2026: $14.6M (vs $13.7M Q2 2025); six months: $28.0M (vs $23.1M)
Total Debt: $554.2M borrowings as of June 30, 2026 (vs $819.9M at Dec 31, 2025)
Total Assets: $3.18B as of June 30, 2026 (vs $2.74B at Dec 31, 2025)
Cash Position: $395.0M total cash and cash equivalents
Shares Outstanding: 28884731
Total deposits: $2.15B as of June 30, 2026 (vs $1.42B at Dec 31, 2025)
2026 notes repaid: $87.1M repaid at maturity Feb 1, 2026
Debt atm capacity: $50.0M established March 2026; $44.1K net proceeds from 1,747 shares of 2031 Notes sold
2033 notes offering: $15.0M of 8.375% Notes due 2033 issued Feb 18, 2026; net proceeds ~$14.9M
Shareholders equity: $413.4M
Q2 net interest income: $15.0M (vs $13.9M Q2 2025)
Uninsured cash deposits: $108.1M
Nonaccrual loans hfi at fv: $109.6M (vs $72.5M at Dec 31, 2025)
Allowance for credit losses: $52.7M (vs $45.2M at Dec 31, 2025)
Six month noninterest income: $113.8M (vs $108.7M prior year)
Provision for credit losses q2: $12.1M (vs $9.1M Q2 2025); six months $21.7M (vs $22.6M)
Net deposit increase six months: $731.8M
Residuals in securitizations fv: $204.0M (vs $76.7M at Dec 31, 2025)
Net gain on residuals six months: $58.2M (vs $31.5M prior year)

Price after filing

1 day: -1.2%7 days: -0.4%30 days: -4.3%

Close on the filing date to close N calendar days later (from $12.88). Historical, not a forecast.

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