NewtekOne, Inc. Reports 3Q26 Basic and Diluted EPS of $0.34

Quarterly operating expenses were flat year over year while assets grew 47%.

Rhea-AI Summary

NewtekOne (Nasdaq: NEWT) reported third-quarter 2026 basic and diluted earnings per share of $0.34, both below the prior-year quarter. Basic and diluted EPS were $0.68 and $0.67, respectively, a year earlier. The company maintained its 2026 EPS guidance of $1.70–$1.80.

Net interest income reached $19 million, up 30% year over year and 26% sequentially, as the company retained more guaranteed SBA loan portions. Deposits ended September at $2.5 billion, up $1.3 billion year over year. Book value per common share rose 9.2% year over year to $12.80. The efficiency ratio worsened to 58.7% from 56.3%, while returns on assets and equity declined.

NewtekOne expects a securitization backed by longer-amortizing commercial and industrial loans in the first quarter of 2027 and is exploring strategic alternatives intended to help the market recognize its platform's value.

18 points · 0 major

PositiveiHow this balance works

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0 major · 7 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointNet interest income of $19 million rose 30% year over year and 26% sequentially in 3Q26.
• Moderate pointDeposits reached $2.5 billion, increasing $1.3 billion year over year at September 30, 2026.
• Moderate pointBook value per common share of $12.80 rose 9.2% year over year and 1.3% sequentially.
• Moderate pointNine-month funded loans totaled approximately $1.2 billion, up roughly 12% from $1.1 billion a year earlier.
• Moderate pointLoans on balance sheet exceeded $2.7 billion at 3Q26 end, up 46% year over year.
• Moderate pointQuarterly operating expenses were flat year over year against asset growth of 47%.
• Moderate point. Forward-looking: it has not happened yet and may not happen.First-quarter 2027 securitization backed by longer-amortizing commercial and industrial loans is anticipated by NewtekOne.

11 minor points

• Minor pointNine-month net interest income grew 20% year over year, reaching nearly 23.5% of revenue versus 20.1%.
• Minor pointNon-affiliate business deposits increased $13 million sequentially and $109 million year over year in 3Q26.
• Minor pointCore consumer deposits grew $231 million sequentially and $1.1 billion year over year in 3Q26.
• Minor pointDeposit accounts exceeded 47,000 at 3Q26 end, versus roughly 21,800 a year earlier.
• Minor pointRoughly 62% of Bank business lending clients opened business deposit accounts since the early-2023 acquisition.
• Minor pointTangible book value per common share of $12.30 rose 9.6% year over year and 1.4% sequentially.
• Minor pointSBA 7(a) originations reached $215 million in 3Q26, versus $187 million in 3Q25.
• Minor pointSBA 504 originations reached $45 million in 3Q26, versus $28 million in 3Q25.
• Minor pointCommercial real estate originations held for investment reached $28 million in 3Q26, versus $18 million.
• Minor pointCommercial and industrial originations held for investment reached $23 million in 3Q26, versus $19 million.
• Minor pointStrategic alternatives are being explored to help the market recognize NewtekOne's platform value.

Negative

• Moderate pointBasic and diluted EPS fell to $0.34 in 3Q26, from $0.68 and $0.67, respectively, in 3Q25.
• Moderate pointEfficiency ratio rose to 58.7% in 3Q26 from 56.3% in 3Q25.
• Moderate pointLonger-amortizing commercial and industrial loan originations fell to $75 million in 3Q26 from $104 million.
• Minor pointReturn on average assets declined to 1.30% in 3Q26 from 3.14% in 3Q25.
• Minor pointReturn on average equity declined to 9.2% in 3Q26 from 20.4% in 3Q25.

2 minor points

• Minor pointReturn on average tangible common equity declined to 10.8% in 3Q26 from 24.0% in 3Q25.
• Minor pointNine-month operating expenses grew roughly 4% year over year.

News Explained

On October 1, 2026, NewtekOne paid a quarterly cash dividend of $0.19 per common share and a Series B preferred dividend of $21.25 per preferred share ($0.53125 per depositary share); future dividend amounts and timing remain at the board’s discretion.

Key Figures

Basic and diluted EPS: $0.34 per share; 3Q25 was $0.68 basic and $0.67 diluted 2026 EPS guidance: $1.70-$1.80 per share Book value per common share: $12.80; up 9.2% Y/Y and 1.3% Q/Q +5 more

Basic and diluted EPS

$0.34 per share; 3Q25 was $0.68 basic and $0.67 diluted

3Q26 compared with 3Q25

2026 EPS guidance

$1.70-$1.80 per share

Maintained

Book value per common share

$12.80; up 9.2% Y/Y and 1.3% Q/Q

Ended 3Q26

Tangible book value per common share

$12.30; up 9.6% Y/Y and 1.4% Q/Q

Ended 3Q26

Deposit balances

$2.5 billion; increased $1.3 billion Y/Y

Ended 3Q26

SBA 7(a) loan originations

$215 million, compared with $187 million

3Q26 compared with 3Q25

Net interest income

$19 million; up 26% Q/Q and 30% Y/Y

3Q26

Common dividend

$0.19 per share

Quarterly cash dividend paid October 1, 2026

Previous Earnings Reports

3 past events · Latest: Aug 06

Same Type 3 events

1. Aug 06

   2Q26 earnings

   24h Move

   -9.5%

   EPS declined year over year, while book value rose and lending mix changes prompted guidance reassessment.

2. Apr 30

   1Q26 earnings

   24h Move

   +1.2%

   EPS rose year over year; net interest income and deposits also increased.

3. Jan 29

   FY2025 earnings

   24h Move

   -5.7%

   Established initial 2026 EPS guidance of $2.15-$2.55 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

tangible book value, net interest income, securitization, sba 7(a)

4 terms

tangible book value financial

"Tangible book value per common share ended 3Q26 at $12.30"

Tangible book value is the accounting measure of a company’s net worth after removing intangible items like goodwill, patents and trademarks, leaving only physical and financial assets minus liabilities. For investors it offers a clearer view of the company’s hard-asset backing per share—like estimating the cash you could get by selling the furniture, machinery and cash in a house—helping gauge downside risk and whether a stock may be cheaply valued.

View in glossary

net interest income financial

"3Q26 net interest income of $19 million climbed 26% Q/Q and 30% Y/Y"

Net interest income is the difference between the interest a financial institution earns on loans and investments and the interest it pays on deposits and borrowings. It matters to investors because it is a primary source of profit for banks and similar firms — like the gross margin on a store’s trade — and changes with loan growth, deposit costs and interest rates, so it signals core earning power and sensitivity to rate moves.

securitization financial

"we anticipate bringing a securitization backed by C&I LA loans to market"

Securitization is when a bank or company takes a bunch of loans or assets, like mortgages or car loans, and bundles them together into a single package. They then sell pieces of this package to investors, who receive regular payments from the borrowers. This process helps the original lender get money quickly and spreads the risk among many investors.

sba 7(a) financial

"Originated $215 million of SBA 7(a) loans in 3Q26"

A SBA 7(a) loan is a U.S. Small Business Administration‑backed lending program where the government acts like a partial co-signer to make bank loans to small businesses easier to obtain. Investors care because it lowers default risk for lenders, increases access to capital for smaller firms that can drive growth, and can affect loan portfolios, bank earnings, and credit exposure in sectors that rely on these loans.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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2026 EPS Guidance Range of $1.70-$1.80 Maintained

BOCA RATON, Fla., Oct. 28, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (Nasdaq: NEWT) reports its financial and operating results for the three months ended September 30, 2026.

Financial Highlights for the three months ended September 30, 2026:

• For the three months ended September 30, 2026 ("3Q26"), basic and diluted earnings per share ("EPS") were $0.34 and $0.34 vs. $0.68 and $0.67, respectively, for the three months ended September 30, 2025 ("3Q25").
• Book value per common share ended 3Q26 at $12.80, up Y/Y and Q/Q by 9.2% and 1.3%, respectively.
• Tangible book value per common share¹ ended 3Q26 at $12.30, up Y/Y and Q/Q by 9.6% and 1.4%, respectively.
• The efficiency ratio¹ was 58.7% for 3Q26 compared to 56.3% for 3Q25.
• Return on average assets (“ROAA”)¹ was 1.30% for 3Q26 compared to 3.14% for 3Q25.
• Return on average equity ("ROAE")¹ was 9.2% for 3Q26 compared to 20.4% for 3Q25.
• Return on average tangible common equity (“ROTCE”)¹ was 10.8% for 3Q26 compared to 24.0% for 3Q25.
  
  

Selected Balance Sheet and Other Highlights for 3Q26

• Non-affiliate business deposits at Newtek Bank, N.A. (the "Bank") increased $13 million, or 4% Q/Q, and $109 million, or 48% Y/Y, while core consumer deposits grew $231 million, or 13% Q/Q, and $1.1 billion, or 126% Y/Y.
• Since the acquisition of the Bank in early 2023, roughly 62% of Newtek Bank's business lending clients have opened a business deposit account.
• Insured deposits comprised 79% of deposits as of September 30, 2026.
• Originated $75 million of C&I LA Loans in 3Q26 compared to $104 million in 3Q25.
• Originated $215 million of SBA 7(a) loans in 3Q26 compared to $187 million in 3Q25.
• Originated $45 million of SBA 504 loans in 3Q26 compared to $28 million in 3Q25.
• Originated $28 million and $23 million of CRE and C&I loans HFI in 3Q26 compared to $18 million and $19 million in 3Q25.
  
  

Post 3Q26 Events

• On October 1, 2026, the Company paid a dividend on the Company’s outstanding Series B Preferred in the amount of $21.25 per Preferred Share, or $0.53125 per depositary share, which is equivalent to 1/40th of the dividend on the Preferred Shares.
• On October 1, 2026, the Company paid a quarterly cash dividend of $0.19 per share on its outstanding common shares.
  
  

Commenting on quarterly operating results, Barry Sloane, CEO, President, and Chairman, said, “We reported 3Q26 basic and diluted EPS of $0.34 and are comfortable with our previously issued 2026 EPS guidance range of $1.70-$1.80. We were pleased to see momentum from the first half of 2026 continue into the third quarter. Deposit balances more than doubled on a year-over-year basis, increasing by $1.3 billion to end 3Q26 at $2.5 billion,while the number of Newtek Bank deposit accounts exceeded 47,000 accounts compared to roughly 21,800 accounts at the end of 3Q25 and approximately 1,500 deposit accounts when we acquired the Bank in January 2023. We believe both consumer and business deposit customers are attracted to Newtek Bank because of the value we are delivering to them through attractive rates of interest, no fees, frictionless digital account opening, and on-demand, on-camera support from human beings in the United States 24/7/365; Newtek Bank business customers also get access to our online business portal, The Newtek Advantage^®, to help them manage their businesses more effectively and efficiently. Both NewtekOne and Newtek Bank are highly rated by Trustpilot with 4.9 stars and 4.5 stars out of 5.0, respectively, while the Bank’s rating of four stars on depositaccounts.com compares favorably to ratings of less than two stars for several of the largest banks in the U.S.

"The deposit gathering engine is crucial to fund the loan growth we are generating. For the first nine months of 2026, funded loans totaled approximately $1.2 billion, up roughly 12% compared to the $1.1 billion for the first nine months of 2025; SBA 7(a) and longer-amortizing C&I ("C&I LA") loan originations comprised 56% and 20%, respectively, of year-to-date ("YTD") originations. Loans on balance sheet ended 3Q26 at over $2.7 billion, up 46% compared to $1.9 billion for 3Q25. Importantly, for the Small Business Administration's ("SBA") fiscal year ending September 30, 2026, we reestablished ourselves as the top originator of SBA 7(a) loans, ranking number one by loan approval count and number two by dollars of loan approvals, which shows that our commitment to and relationship with the independent business owner community continues to flourish. One more item to note on the topic of loans: we anticipate bringing a securitization backed by C&I LA loans to market in the first quarter of 2027, which would represent our fifth securitization backed by C&I LA loans and our 18th overall. Importantly, none of the previous 17 securitizations have been downgraded or been put on credit watch.

"As we discussed on our second quarter 2026 conference call, we are holding more guaranteed portions of SBA 7(a) loans on our balance sheet than we have in the past, which is having the anticipated effect of generating net interest income growth and transitioning the mix of revenue away from gain on sale income to recurring net interest income. 3Q26 net interest income of $19 million climbed 26% Q/Q and 30% Y/Y. Net interest income for the first nine months of 2026 increased 20% over the first nine months of 2025 and comprised nearly 23.5% of YTD revenue compared to 20.1% for the first nine months of 2025.

"Since acquiring the Bank in early 2023, we have consistently maintained a healthy pace of balance sheet growth, but because we built the Company's operating infrastructure to scale, the pace of operating expense growth has been more moderate, allowing us to capture operating leverage with loan and deposit growth and to demonstrate attractive operating efficiency. Relative to 3Q25, 3Q26 operating expenses were flat against asset growth of 47%; YTD operating expense growth was roughly 4%. We continue to be pleased with our operating efficiency ratio, which came in at 58.7% for 3Q26 and 59.8% for the first nine months of 2026.  

"Our operating model's ability to capture operating leverage is rooted in the technology we have developed and integrated over the last 28 years. NewtekOne was founded in 1998 to provide independent business owners in the United States with business and financial solutions to help them grow revenue, reduce costs, and reduce risk. Today, we are capable of offering our independent business owner clients five fully digital solutions without the use of traditional bankers, brokers, or business development officers through one integrated platform, and we aim to deliver those solutions in an efficient, frictionless manner. Instead of having to chase down a relationship manager or go into a branch, NewtekOne’s customers can easily reach our customer service representatives who are on-demand and on-camera 24/7/365 and based in the United States. And because we built and own the integrated platform with our patented NewTracker^® operating system at the center of the platform, it is constantly evolving to enhance the customer experience.

"In the last quarter alone, we launched the automated integration of a comprehensive offering of insurance products into our loan origination platform, which provides borrowers with instant access to bindable quotes on lender-compliant insurance policies, thereby satisfying loan closing requirements and enabling an expedited loan closing process. Using data submitted in the loan application, borrower applicants are automatically presented with an offering of an insurance package that includes key person life insurance policies of up to $3 million, assigned to the loan, as well as flood insurance coverage, where applicable, and property & casualty insurance. We also expanded our client service platform to include Glia, which adds advanced digital engagement and artificial intelligence to NewtekOne's highly rated 24/7/365 client support model to make that support model substantially more informed and effective. In addition, we broadened the digital ecosystem available to our clients by expanding connectivity between Newtek Bank accounts and the accounting and business applications independent business owners rely on to manage their businesses. Lastly, we added to our real time payments platform with Zelle^® for eligible small business banking clients.

"Almost four years ago, we converted to a bank holding company to round out the ecosystem we developed for our target customers: independent business owners. We are extremely proud of having built a technologically enabled bank with a business model that is unlike 99% of the banking industry. Our operating model emphasizes digital account opening, an automated, frictionless loan origination platform, automated lead generation, little-to-no cost of customer acquisition, real time payments/money movement, wider lending margins, and a proprietary, internally-developed technology stack highlighted by the patented NewTracker^® operating system and the patent-pending Newtek Advantage^® online business portal."

Mr. Sloane concluded, "We believe there is tremendous value in the platform we have built and the technology we have developed, and we believe that value is not currently reflected in our market capitalization. In fact, we believe that the proposed $340 million acquisition of Bluevine Inc. by Valley National Bancorp, which was announced at the end of September, is one example of value being ascribed to a fully digital platform of business and financial solutions for the independent business owner community. We are working hard to have NewtekOne’s value properly recognized and exploring all strategic alternatives intended to help the market better recognize that value."

Third Quarter 2026 Conference Call and Webcast

A conference call to discuss the third quarter 2026 financial and operating results will be hosted by Barry Sloane, Chief Executive Officer, President and Chairman, and Frank M. DeMaria, Chief Financial Officer, today, Wednesday, October 28, 2026, at 4:30 p.m. ET.

Please note, to attend the conference call or webcast, participants should register online at NewtekOne, Inc. Third Quarter 2026 Financial Results Conference Call. To receive a dial-in number, participants are requested to register at a minimum 15 minutes before the start of the call. The corresponding presentation will be available in the ‘Events & Presentations’ section of the Investor Relations portion of NewtekOne's website at NewtekOne, Inc. Third Quarter 2026 Financial Results Conference Call. A replay of the call with the corresponding presentation will be available on NewtekOne's website shortly following the live presentation and will be available for a period of one year.

Note Regarding Dividend Payments

Amount and timing of dividends, if any, remain subject to the discretion of the Company's Board of Directors.

About NewtekOne, Inc.

NewtekOne^®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com)

Newtek^®, NewtekOne^®, Newtek Bank^®, National Association, Your Business Solutions Company^®, One Solution for All Your Business Needs^® and Newtek Advantage^® are registered trademarks of NewtekOne, Inc.

Note Regarding Forward-Looking Statements

Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995. Information regarding the Company’s assets under supervision, capital ratios, risk-weighted assets, supplementary leverage ratio and balance sheet data consists of preliminary estimates and are subject to change with our filings with regulatory agencies and the filing of the Company's Form 10-Q for the period ended September 30, 2026. These statements and other forward-looking statements herein are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

SOURCE: NewtekOne, Inc.

Investor Relations & Public Relations
Contact: Bryce Rowe
Telephone: (212) 273-8292 / browe@newtekone.com

NEWTEKONE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (In Thousands, except for Per Share Data)
	September 30, 2026				December 31, 2025
	(unaudited)
ASSETS
Cash and due from banks	$	3,785			$	4,196
Restricted cash (amounts related to VIEs of $6.3 million and $6.3 million, respectively)		23,172				26,477
Interest bearing deposits in banks		277,506				279,618
Total cash and cash equivalents		304,463				310,291
Debt securities available-for-sale, at fair value		7,448				16,829
Loans held for sale, at fair value		654,265				971,837
Loans held for sale, at LCM		18,194				26,532
Loans held for investment, at fair value (amounts related to VIEs of $166.7 million and $198.4 million, respectively)		823,742				281,198
Loans held for investment, at amortized cost, net of deferred fees and costs		1,309,278				896,689
Allowance for credit losses		(57,052	)			(45,226	)
Loans held for investment, at amortized cost, net		1,252,226				851,463
Federal Home Loan Bank and Federal Reserve Bank stock		4,468				4,234
Settlement receivable		—				438
Residuals in securitizations, at fair value		205,501				76,701
Joint ventures and other non-control investments, at fair value (cost of $36,294 and $36,692), respectively		43,166				47,719
Goodwill and intangibles		14,493				14,597
Right of use assets		2,463				2,790
Deferred tax asset, net		14,054				—
Servicing assets, at fair value		14,811				15,358
Servicing assets, at LCM		35,803				29,564
Other assets		130,915				95,268
Total assets	$	3,526,012			$	2,744,819
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits:
Noninterest-bearing	$	68,003			$	53,873
Interest-bearing		2,443,216				1,364,535
Total deposits		2,511,219				1,418,408
Borrowings (including borrowings of VIEs of $96.4 million and $127.1 million, respectively)		539,465				819,888
Lease liabilities		2,535				2,874
Deferred tax liabilities, net		—				10,728
Due to participants		19,338				52,389
Accounts payable, accrued expenses and other liabilities		35,331				42,962
Total liabilities		3,107,888				2,347,249
Shareholders' Equity:
Series B Preferred stock (par value $0.02 per share; 54 authorized, 50 issued and outstanding)		48,181				48,181
Common stock (par value $0.02 per share; authorized 199,980 shares, 28,892 and 28,658 issued and outstanding, respectively)		579				573
Retained earnings		114,039				94,990
Additional paid-in capital		255,327				253,830
Accumulated other comprehensive loss, net of income taxes		(2	)			(4	)
Total shareholders' equity		418,124				397,570
Total liabilities and shareholders' equity	$	3,526,012			$	2,744,819

NEWTEKONE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(In Thousands, except for Per Share Data)
	Three Months Ended
	September 30, 2026				June 30, 2026				September 30, 2025
	(unaudited)				(unaudited)				(unaudited)
Interest income
Debt securities available-for-sale	$	172			$	217			$	200
Loans and fees on loans		48,467				40,335				36,376
Other interest earning assets		4,717				5,742				2,518
Total interest income		53,356				46,294				39,094
Interest expense
Deposits		22,317				18,599				10,879
Notes and securitizations		8,715				8,846				10,710
Bank and FHLB borrowings		3,432				3,885				2,956
Total interest expense		34,464				31,330				24,545
Net interest income		18,892				14,964				14,549
Provision for credit losses		15,393				12,114				7,712
Net interest income after provision for credit losses		3,499				2,850				6,837
Noninterest income
Dividend income		1,005				485				425
Net loss on loan servicing assets		(1,342	)			(5,249	)			(4,493	)
Servicing income		5,285				5,003				6,076
Net gains on sales of loans		32				11,226				9,563
Net gain (loss) on residuals in securitizations		1,500				2,006				(1,450	)
Net gain on loans under the fair value option		19,986				20,654				29,250
Electronic payment processing income		10,180				10,852				11,053
Other noninterest income		16,247				15,140				9,964
Total noninterest income		52,893				60,117				60,388
Noninterest expense
Salaries and employee benefits expense		21,224				23,234				19,973
Electronic payment processing expense		4,407				4,719				4,429
Professional services expense		3,935				3,181				3,793
Other loan origination and maintenance expense		5,536				4,909				6,764
Technology expense		2,961				2,921				3,092
Other general and administrative costs		4,109				4,853				3,929
Total noninterest expense		42,172				43,817				42,159
Net income before taxes		14,220				19,150				25,066
Income tax expense		3,516				4,539				7,165
Net income		10,704				14,611				17,901
Dividends to preferred shareholders		(1,063	)			(1,063	)			(472	)
Net income available to common shareholders	$	9,641			$	13,548			$	17,429
Earnings per Common Share:
Basic	$	0.34			$	0.48			$	0.68
Diluted	$	0.34			$	0.47			$	0.67

Reconciliation of GAAP to Non-GAAP Financial Measures (unaudited)
The information provided below presents a reconciliation of each of our non-GAAP financial measures to the most directly comparable GAAP financial measure. Ratios for three month periods ended have been annualized based on calendar days.

NewtekOne, Inc.	As of and for the three months ended
(dollars and number of shares in thousands)	September 30, 2026				June 30, 2026				September 30, 2025
Return on Average Equity and Tangible Common Equity
Numerator: Net Income (GAAP)	$10,704				$14,611				$17,901
Dividend on preferred equity		(1,063)				(1,063)				(472)
Numerator: Adjusted net income		9,641				13,548				17,429
Average Total Shareholders' Equity1		415,748				409,033				339,077
Return on Average Equity1		9.2%				13.3%				20.4%
Deduct: Preferred Stock (GAAP)		48,181				48,181				35,802
Average Common Shareholders' Equity1		367,567				360,852				303,275
Return on Average Common Equity		10.2%				14.3%				21.0%
Deduct: Average Goodwill and Intangibles1		14,510				14,544				14,653
Denominator: Average Tangible Common Equity1	$353,057				$346,308				$288,622
Return on Average Tangible Common Equity1		10.8%				15.7%				24.0%
Return on Average Assets
Numerator: Net Income (GAAP)	$10,704				$14,611				$17,901
Denominator: Average Assets1		3,270,779				2,971,097				2,262,678
Return on Average Assets1		1.30%				1.97%				3.14%
Efficiency Ratio
Numerator: Non-Interest Expense (GAAP)	$42,172				$43,817				$42,159
Net Interest Income (GAAP)		18,892				14,964				14,549
Non-Interest Income (GAAP)		52,893				60,117				60,388
Denominator: Total Income	$71,785				$75,081				$74,937
Efficiency Ratio1		58.7%				58.4%				56.3%
Tangible Book Value Per Share
Total Shareholders' Equity (GAAP)	$418,124				$413,373				$386,707
Deduct: Goodwill and Intangibles (GAAP)		14,493				14,526				14,633
Numerator: Total Tangible Book Value1	$403,631				$398,847				$372,074
Denominator: Total Number of Shares Outstanding		28,892				28,899				28,876
Tangible Book Value Per Share1	$13.97				$13.80				$12.89
Tangible Book Value Per Common Share
Total Tangible Book Value1	$403,631				$398,847				$372,074
Deduct: Preferred Stock (GAAP)		48,181				48,181				48,181
Numerator: Tangible Common Book Value1	$355,450				$350,666				$323,893
Denominator: Total Number of Shares Outstanding		28,892				28,899				28,876
Tangible Book Value Per Common Share1	$12.30				$12.13				$11.22
1Non-GAAP financial measure

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were NewtekOne's third-quarter 2026 earnings per share and full-year guidance?

NewtekOne reported basic and diluted EPS of $0.34 for 3Q26 and maintained its 2026 EPS guidance range of $1.70–$1.80. In 3Q25, basic EPS was $0.68 and diluted EPS was $0.67.

What dividends did NewtekOne pay on October 1, 2026?

NewtekOne paid a $0.19 quarterly cash dividend per common share and a Series B preferred dividend of $21.25 per preferred share on October 1, 2026. The preferred dividend equaled $0.53125 per depositary share, which represents 1/40th of a preferred share.

How much of Newtek Bank's deposits were insured at September 30, 2026?

Insured deposits comprised 79% of Newtek Bank's deposits as of September 30, 2026.