NewtekOne, Inc. Stock Price, News & Analysis

NewtekOne (NASDAQ: NEWT) announced the expansion of its revolving credit facility with Deutsche Bank AG for its Alternative Loan Program (ALP) business. The amended facility has been increased to $170 million, strengthening the company's ability to fund ALP loan originations before securitization. Deutsche Bank has been NewtekOne's ALP warehouse lender since 2019. The company recently completed a $184 million securitization backed by $216 million of ALP loans in April, marking its third ALP-backed and 16th rated securitization overall. CEO Barry Sloane emphasized Deutsche Bank's importance as a steady partner, having led their last ten securitizations.

NewtekOne (NASDAQ: NEWT) has scheduled its second quarter 2025 financial results announcement for Monday, July 28, 2025, after market close. The company will host a conference call at 4:30 pm ET featuring CEO Barry Sloane, NewtekOne CFO Frank DeMaria, and Newtek Bank CFO M. Scott Price. Management expects to demonstrate continued progress in their business plan. The company will also participate in KBW's Community Bank Investor Conference in New York City on July 29-30, where they will meet with institutional investors. Interested participants can pre-register online for the earnings call, and an earnings presentation will be available on the company's website concurrent with the results release. A replay of the call and presentation will be accessible for one year.

NewtekOne (NEWT) reported strong Q1 2025 financial results, with diluted EPS of $0.35, exceeding their guidance of $0.28-$0.32. The company's book value per share reached $10.73, up 13.2% year-over-year, while tangible book value per share grew to $10.17, up 23% Y/Y. Key highlights include $213.4M in SBA 7(a) loan originations, $68.5M in Alternative Loan Program originations, and improved efficiency ratio of 62.1%. The company forecasts 2025 EPS between $2.10-$2.50, targeting $1.0B in SBA 7(a) loan fundings and expects Newtek Bank's deposits to grow by $345M. Post Q1, the company closed a $184M ALP loan securitization and paid a quarterly dividend of $0.19 per share.

NewtekOne (NASDAQ: NEWT) has successfully closed a $184 million securitization backed by $216 million of Alternative Loan Program (ALP) loans. The NALP Business Loan Trust 2025-1 marks the company's 16th rated securitization and third ALP-backed securitization.

The transaction includes:

• $155.9M Class A Notes rated 'A (low) (sf)' at 6.338% yield
• $23.8M Class B Notes rated 'BBB (sf)' at 7.838% yield
• $4.3M Class C Notes rated 'BB (sf)' at 10.338% yield

The securitization achieved an 85% advance rate and weighted average yield of 6.62%. The collateralizing portfolio features a gross weighted average coupon of 13.30% and net weighted average coupon of 12.30%. The company maintains its 2025 EPS forecast of $2.10-$2.50 and reports only four ALP loan defaults with no charge-offs to date.

NewtekOne (NASDAQ: NEWT) has announced key leadership changes, with Peter Downs appointed as President of Newtek Bank, N.A. and Frank M. DeMaria as CFO of the Company. The announcement follows the bank's successful transformation since acquiring National Bank of New York City in January 2023.

The bank has achieved notable performance metrics in 2024, including a 42% efficiency ratio, 6% return on assets, and 40%+ return on tangible common equity. Additional appointments include Thomas Soucy as Chief Credit Officer, Nicholas Leger as CFO of non-bank subsidiaries, and Andrew Kaplan joining the bank's board.

The company continues to leverage its technology platform, including The Newtek Advantage®, NewTracker®, and Newtek File Vault™, to provide business and financial solutions to independent business owners through their 24/7/365 service model.

NewtekOne Inc (NASDAQ: NEWT) has announced the termination of three office space leases totaling 52,000 square feet, expected to generate annual cost savings of $2.0 million starting Q2 2025. This strategic move aligns with the company's shift to a remote workforce model and technology-enabled platform.

The company's digital transformation has shown significant progress since acquiring Newtek Bank in January 2023. Key achievements include:

• Growing loan portfolio from $167 million to $774 million as of December 31, 2024
• Digitally opening 15,000+ deposit accounts
• Expanding consolidated balance sheet to $2.1 billion by December 31, 2024

The company leverages its technology platform for deposit gathering, loan origination, and business solutions delivery through on-camera staff, eliminating the need for traditional branches and bankers.

NewtekOne (NASDAQ: NEWT) reports strong Q1 2025 performance with significant loan origination growth across multiple segments. The company originated 580 SBA 7(a) loans totaling $213 million, up from 489 loans in Q1 2024. Newtek Bank's loan portfolio showed remarkable growth with SBA 7(a) loans held for investment reaching $407 million, a 90% year-over-year increase.

Commercial Real Estate (CRE) and Commercial & Industrial (C&I) loans demonstrated robust growth, with CRE portfolio increasing 20% quarter-over-quarter to $231 million and C&I reaching $51 million. The company originated $68.5 million in Alternative Loan Program loans and projects $500 million in ALP originations for 2025.

Deposits grew to $1.06 billion, showing an 88% year-over-year increase, with business deposits up 8.9% and core consumer deposits growing 2.5% quarter-over-quarter. The company maintains its 2025 EPS guidance of $2.10-$2.50 per share.

NewtekOne (NASDAQ: NEWT) has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025, after market close. The company will host a conference call on Wednesday, May 7, 2025, at 8:30 am ET to discuss the results.

The conference call will feature CEO Barry Sloane, CFO M. Scott Price, and Chief Accounting Officer Frank DeMaria. Interested participants must pre-register online to receive dial-in information and secure their position on the call. The earnings presentation will be accessible in the 'Event & Presentations' section of NewtekOne's Investor Relations website on May 6, 2025.

NewtekOne (NASDAQ: NEWT) has announced a quarterly cash dividend of $0.19 per share on its outstanding common stock. The dividend will be paid on April 30, 2025, to shareholders of record as of April 15, 2025. The company notes that future dividend amounts and timing remain subject to the discretion of NewtekOne's Board of Directors.