NewtekOne, Inc. Reports Basic and Diluted EPS of $0.53 and $0.52 for the Three Months Ended June 30, 2025
NewtekOne Inc. (NASDAQ: NEWT) reported strong Q2 2025 financial results with significant year-over-year improvements. The company achieved basic and diluted EPS of $0.53 and $0.52, representing increases of 23% and 21% respectively compared to Q2 2024.
Key financial highlights include total revenue of $70.2 million (up 15% Y/Y), net income before taxes of $18.8 million (up 27% Y/Y), and an improved efficiency ratio of 60.3%. The company demonstrated strong profitability metrics with ROAA of 2.50% and ROTCE of 19.4%.
Notable operational achievements include $205.6 million in SBA 7(a) loan originations, a successful $184 million securitization backed by ALP loans, and a 19% quarter-over-quarter increase in commercial deposits. The company maintains its 2025 EPS guidance range of $2.10-$2.50.
NewtekOne Inc. (NASDAQ: NEWT) ha riportato solidi risultati finanziari nel secondo trimestre del 2025, con miglioramenti significativi rispetto allo stesso periodo dell'anno precedente. La società ha raggiunto un EPS base e diluito di $0,53 e $0,52, con incrementi rispettivamente del 23% e 21% rispetto al secondo trimestre del 2024.
I principali dati finanziari evidenziano un fatturato totale di $70,2 milioni (in crescita del 15% su base annua), un utile netto ante imposte di $18,8 milioni (in aumento del 27% su base annua) e un miglioramento del rapporto di efficienza al 60,3%. La società ha mostrato solidi indicatori di redditività con un ROAA del 2,50% e ROTCE del 19,4%.
Tra i risultati operativi rilevanti si segnalano originazioni di prestiti SBA 7(a) per $205,6 milioni, una riuscita cartolarizzazione da $184 milioni garantita da prestiti ALP e un aumento del 19% trimestre su trimestre dei depositi commerciali. La società conferma la guidance per l'EPS 2025 nel range di $2,10-$2,50.
NewtekOne Inc. (NASDAQ: NEWT) informó resultados financieros sólidos para el segundo trimestre de 2025, con mejoras significativas interanuales. La compañía logró un EPS básico y diluido de $0.53 y $0.52, lo que representa aumentos del 23% y 21% respectivamente en comparación con el segundo trimestre de 2024.
Los principales indicadores financieros incluyen un ingreso total de $70.2 millones (un aumento del 15% interanual), un ingreso neto antes de impuestos de $18.8 millones (un incremento del 27% interanual) y una mejora en la ratio de eficiencia al 60.3%. La empresa mostró sólidos indicadores de rentabilidad con un ROAA del 2.50% y ROTCE del 19.4%.
Entre los logros operativos destacados están las originaciones de préstamos SBA 7(a) por $205.6 millones, una exitosa securitización de $184 millones respaldada por préstamos ALP y un aumento del 19% trimestre a trimestre en depósitos comerciales. La compañía mantiene su guía de EPS para 2025 en un rango de $2.10 a $2.50.
NewtekOne Inc. (NASDAQ: NEWT)는 2025년 2분기에 전년 대비 큰 폭의 개선을 보이며 강력한 재무 실적을 보고했습니다. 회사는 기본 및 희석 주당순이익(EPS)이 각각 $0.53과 $0.52로, 2024년 2분기 대비 각각 23%, 21% 증가했습니다.
주요 재무 하이라이트는 총 매출 $7,020만 (전년 대비 15% 증가), 세전 순이익 $1,880만 (전년 대비 27% 증가), 그리고 개선된 효율성 비율 60.3%입니다. 회사는 총자산순이익률(ROAA) 2.50%와 자기자본수익률(ROTCE) 19.4%로 강한 수익성을 보였습니다.
주목할 만한 운영 성과로는 SBA 7(a) 대출 신규 취급액 $2억 560만, ALP 대출을 담보로 한 성공적인 $1억 8,400만 규모의 증권화, 그리고 분기 대비 19% 증가한 상업 예금이 있습니다. 회사는 2025년 EPS 가이던스를 $2.10~$2.50 범위로 유지하고 있습니다.
NewtekOne Inc. (NASDAQ : NEWT) a annoncé de solides résultats financiers pour le deuxième trimestre 2025, avec des améliorations significatives d'une année sur l'autre. La société a atteint un BPA de base et dilué de 0,53 $ et 0,52 $, soit des augmentations respectives de 23 % et 21 % par rapport au deuxième trimestre 2024.
Les principaux points financiers incluent un chiffre d'affaires total de 70,2 millions de dollars (en hausse de 15 % sur un an), un résultat net avant impôts de 18,8 millions de dollars (en progression de 27 % sur un an) et un ratio d'efficacité amélioré à 60,3 %. La société a affiché de solides indicateurs de rentabilité avec un ROAA de 2,50 % et un ROTCE de 19,4 %.
Parmi les réalisations opérationnelles notables figurent 205,6 millions de dollars de prêts SBA 7(a) accordés, une titrisation réussie de 184 millions de dollars garantie par des prêts ALP, et une augmentation de 19 % des dépôts commerciaux d'un trimestre à l'autre. La société maintient ses prévisions de BPA pour 2025 dans une fourchette de 2,10 à 2,50 dollars.
NewtekOne Inc. (NASDAQ: NEWT) meldete starke Finanzergebnisse für das zweite Quartal 2025 mit deutlichen Verbesserungen im Jahresvergleich. Das Unternehmen erzielte ein Basis- und verwässertes EPS von 0,53 $ bzw. 0,52 $, was einer Steigerung von 23 % bzw. 21 % gegenüber dem zweiten Quartal 2024 entspricht.
Zu den wichtigsten finanziellen Highlights zählen Gesamtumsatz von 70,2 Millionen $ (plus 15 % im Jahresvergleich), Gewinn vor Steuern von 18,8 Millionen $ (plus 27 % im Jahresvergleich) und eine verbesserte Effizienzquote von 60,3 %. Das Unternehmen zeigte starke Rentabilitätskennzahlen mit einem ROAA von 2,50 % und ROTCE von 19,4 %.
Erwähnenswerte operative Erfolge sind Ursprünge von SBA 7(a)-Krediten in Höhe von 205,6 Millionen $, eine erfolgreiche Verbriefung in Höhe von 184 Millionen $, die durch ALP-Kredite abgesichert ist, sowie ein 19 %iges Quartalswachstum bei den Geschäftseinlagen. Das Unternehmen hält seine EPS-Prognose für 2025 im Bereich von 2,10 bis 2,50 $ aufrecht.
- EPS increased significantly with basic EPS up 23% and diluted EPS up 21% Y/Y
- Total revenue grew 15% Y/Y to $70.2 million
- Net income before taxes increased 27% Y/Y to $18.8 million
- Book value per share grew 12.9% Y/Y to $11.11
- Commercial deposits increased by $50 million (19% Q/Q)
- Efficiency ratio improved to 60.3% from 66.3% Y/Y
- Successfully completed $184 million securitization backed by ALP loans
- Secured increased warehouse facilities totaling additional $90 million from Deutsche Bank and Capital One
- SBA 7(a) loan originations decreased to $205.6 million from $226.5 million in Q2 2024
- Allowance for credit losses increased to $42.6 million from $30.2 million in December 2024
Insights
NewtekOne delivers strong Q2 2025 with 23% EPS growth, improving credit trends, deposit growth, and solid returns amid strategic diversification.
NewtekOne's Q2 2025 results showcase impressive earnings growth with basic and diluted EPS reaching
The company's profitability metrics tell a compelling story. Net income before taxes jumped
Of particular note is the meaningful improvement in operational efficiency. The efficiency ratio improved to
Balance sheet strength continues to build with book value per share reaching
The company's deposit strategy is gaining traction with commercial deposits increasing
On the lending front, while SBA 7(a) loan originations of
Management's commentary points to stabilizing credit trends and continued confidence, as evidenced by maintaining their full-year 2025 EPS guidance of
BOCA RATON, Fla., July 28, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (Nasdaq: NEWT) reports its financial and operating results for the three months ended June 30, 2025 ("2Q25").
Financial Highlights for 2Q25
- Basic and diluted earnings per share ("EPS") were
$0.53 and$0.52 , respectively, vs.$0.43 and$0.43 , respectively, for 2Q24, reflecting Y/Y increases of23% and21% , respectively. - Book value per common share ended 2Q25 at
$11.11 , up Y/Y and Q/Q by12.9% and3.5% , respectively. - Tangible book value per common share1 ended 2Q25 at
$10.55 , up Y/Y and Q/Q by21.5% and3.7% , respectively. - Total revenue, defined as the sum of net interest income and noninterest income, was
$70.2 million for 2Q25, up15% over$61.1 million for 2Q24. - Net income before taxes for 2Q25 was approximately
$18.8 million , up27.0% Y/Y from$14.8 million for 2Q24. - Pre-provision net revenue ("PPNR")1,2 for 2Q25 was approximately
$27.9 million , an increase of35.5% Y/Y from$20.6 million for 2Q24. - The efficiency ratio1 was
60.3% , an improvement from66.3% for 2Q24. - Return on average assets (“ROAA”)1 was
2.50% . EPS guidance implies a range for 2025 ROAA of2.2% -2.7% . - Return on average equity ("ROAE")1 was
17.4% . EPS guidance implies a range for 2025 ROAE of17.2% -20.2% . - Return on average tangible common equity (“ROTCE”)1 was
19.4% . EPS guidance implies a range for 2025 ROTCE of18.7% -22.0% . - Pre-provision return on average assets ("PPROA")1 was
5.25% .
_______________
1 Non-GAAP financial measure; reconciliations of non-GAAP financial measures to the most comparable GAAP measures are set forth on the last page of the financial information accompanying this press release.
2 PPNR is a non-GAAP metric calculated based on total net revenue less non-interest expense before adjusting for the provision for credit losses for the period. Management believes that this financial metric is useful in assessing the ability of a lending institution to generate income in excess of its provision for credit losses. See our "Reconciliation of GAAP to Non-GAAP Financial Measures" below for a reconciliation and additional information on non-GAAP measures.
Lending and Other Selected Highlights for 2Q25
- SBA 7(a) loan originations approximated
$205.6 million for 2Q25, compared to 2Q24 originations of$226.5 million . In addition, the Company sold$42.1 million of guaranteed portions of SBA 7(a) loans in 2Q25. - Alternative Loan Program (“ALP”) loan originations were
$78.3 million for 2Q25. - In April, the Company closed a
$184 million securitization backed by$216 million of ALP loans. The securitization, NALP Business Loan Trust 2025-1, represents the Company’s third asset-backed securitization secured by ALP loans, the first two of which were executed out of NewtekOne joint ventures, and is the Company’s 16th rated securitization. - SBA 504 loan originations totaled approximately
$26.0 million for 2Q25. In addition, the Company sold$23.5 million of SBA 504 loans in 2Q25. - Originated
$20.2 million and$5.4 million of CRE and C&I loans HFI in 2Q25. - Commercial deposits at Newtek Bank increased
$50.0 million , or19% Q/Q, while core consumer deposits grew$14.0 million , or2% Q/Q; and wholesale deposits increased$16.0 million Q/Q. - Insured deposits comprised
78% of deposits. - In June, the Company's consolidated subsidiary, Newtek ALP Holdings, amended and upsized its revolving credit facility with Deutsche Bank AG (“DB”), which facility is employed to fund the origination of ALP loans before they are placed into securitizations. The amendment provided for, among other things, a facility increase to
$170 million .
Post 2Q25 Highlights
- On July 21, 2025, the Company paid a quarterly cash dividend of
$0.19 per share on its outstanding common shares. - Newtek ALP Holdings, amended and upsized an additional ALP warehouse facility with Capital One, N.A. The amendment provides for, among other things, a facility increase from
$60 million to$100 million and a maturity extension of two years.
“We are once again pleased to post solid quarterly results that include basic and diluted EPS of
In commenting further on 2Q25 results, Mr. Sloane said, "We are highly focused on our mission of being a financial holding company that provides business and financial solutions to independent business owners and to that end, we have developed the capability to do so digitally. Our strategy is to operate our nationally chartered bank subsidiary, Newtek Bank, without the traditional bankers, brokers, branches, or business development officers most banks employ, and we are extremely encouraged by the underlying metrics achieved at the Bank. The digital, nontraditional operating strategy supports our ability to run the Bank with a low operating efficiency ratio, which was
Mr. Sloane continued, "Growth in the all-important category of business deposits continues to track nicely with roughly
Mr. Sloane went on to comment on developments at the holding company, "NewtekOne is unique in that we have meaningful business activity at the holding company level. In fact, with our ALP Program, we are actively and directly participating in the.origination and securitization of private credit. We are very pleased with our second quarter execution on the securitization of
Mr. Sloane concluded, "For the first half of 2025, we have produced basic and diluted EPS of
Second Quarter 2025 Conference Call and Webcast
A conference call to discuss the second quarter 2025 financial and operating results will be hosted by Barry Sloane, Chief Executive Officer, President and Chairman, Frank M. DeMaria, Chief Financial Officer - NewtekOne Inc., and M. Scott Price, Chief Financial Officer - Newtek Bank, N.A., today, Monday, July 28, 2025, 4:30 p.m. ET.
Please note, to attend the conference call or webcast, participants should register online at NewtekOne, Inc. Second Quarter 2025 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. Second Quarter 2025 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 June 30, 2025. 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) | |||||||
| June 30, 2025 | December 31, 2024 | ||||||
| (Unaudited) | |||||||
| ASSETS | |||||||
| Cash and due from banks | $ | 10,124 | $ | 6,941 | |||
| Restricted cash | 23,059 | 28,226 | |||||
| Interest bearing deposits in banks | 180,013 | 346,207 | |||||
| Total cash and cash equivalents | 213,196 | 381,374 | |||||
| Debt securities available-for-sale, at fair value | 14,245 | 23,916 | |||||
| Loans held for sale, at fair value | 514,609 | 372,286 | |||||
| Loans held for sale, at LCM | 32,291 | 58,803 | |||||
| Loans held for investment, at fair value | 326,113 | 369,746 | |||||
| Loans held for investment, at amortized cost, net of deferred fees and costs | 767,827 | 621,651 | |||||
| Allowance for credit losses | (42,625 | ) | (30,233 | ) | |||
| Loans held for investment, at amortized cost, net | 725,202 | 591,418 | |||||
| Federal Home Loan Bank and Federal Reserve Bank stock | 3,937 | 3,585 | |||||
| Settlement receivable | 19,705 | 52,465 | |||||
| Residuals in securitizations, at fair value | 77,701 | — | |||||
| Joint ventures and other non-control investments, at fair value (cost of | 68,121 | 57,678 | |||||
| Goodwill and intangibles | 14,672 | 14,752 | |||||
| Right of use assets | 2,384 | 5,688 | |||||
| Deferred tax asset, net | 190 | — | |||||
| Servicing assets, at fair value | 18,384 | 22,062 | |||||
| Servicing assets, at LCM | 31,831 | 24,195 | |||||
| Other assets | 63,636 | 60,636 | |||||
| Assets held for sale | — | 21,308 | |||||
| Total assets | $ | 2,126,217 | $ | 2,059,912 | |||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||
| Liabilities: | |||||||
| Deposits: | |||||||
| Noninterest-bearing | $ | 41,034 | $ | 11,142 | |||
| Interest-bearing | 1,042,794 | 961,910 | |||||
| Total deposits | 1,083,828 | 973,052 | |||||
| Borrowings | 657,327 | 708,041 | |||||
| Dividends payable | 5,236 | 5,233 | |||||
| Lease liabilities | 2,409 | 6,498 | |||||
| Deferred tax liabilities, net | — | 2,244 | |||||
| Due to participants | 25,886 | 21,532 | |||||
| Accounts payable, accrued expenses and other liabilities | 39,352 | 40,806 | |||||
| Liabilities directly associated with assets held for sale | — | 6,224 | |||||
| Total liabilities | 1,814,038 | 1,763,630 | |||||
| Shareholders' Equity: | (Unaudited) | ||||||
| Preferred stock (par value | 19,738 | 19,738 | |||||
| Common stock (par value | 525 | 526 | |||||
| Retained earnings | 69,995 | 57,773 | |||||
| Additional paid-in capital | 221,914 | 218,266 | |||||
| Accumulated other comprehensive income (loss), net of income taxes | 7 | (21 | ) | ||||
| Total shareholders' equity | 312,179 | 296,282 | |||||
| Total liabilities and shareholders' equity | $ | 2,126,217 | $ | 2,059,912 | |||
| NEWTEKONE, INC. AND SUBSIDIARIES | |||||||||||
| CONSOLIDATED STATEMENTS OF INCOME | |||||||||||
| (In Thousands, except for Per Share Data) | |||||||||||
| Three Months Ended | |||||||||||
| June 30, 2025 | March 31, 2025 | June 30, 2024 | |||||||||
| (unaudited) | (unaudited) | (unaudited) | |||||||||
| Interest income | |||||||||||
| Debt securities available-for-sale | $ | 214 | $ | 276 | $ | 374 | |||||
| Loans and fees on loans | 33,354 | 34,483 | 26,773 | ||||||||
| Other interest earning assets | 2,011 | 3,131 | 2,206 | ||||||||
| Total interest income | 35,579 | 37,890 | 29,353 | ||||||||
| Interest expense | |||||||||||
| Deposits | 9,357 | 9,845 | 6,865 | ||||||||
| Notes and securitizations | 10,908 | 10,974 | 11,118 | ||||||||
| Bank and FHLB borrowings | 2,330 | 3,138 | 2,244 | ||||||||
| Total interest expense | 22,595 | 23,957 | 20,227 | ||||||||
| Net interest income | 12,984 | 13,933 | 9,126 | ||||||||
| Provision for credit losses | 9,117 | 13,505 | 5,799 | ||||||||
| Net interest income after provision for credit losses | 3,867 | 428 | 3,327 | ||||||||
| Noninterest income | |||||||||||
| Dividend income | 600 | 1,686 | 368 | ||||||||
| Net loss on loan servicing assets | (4,355 | ) | (3,652 | ) | (1,862 | ) | |||||
| Servicing income | 6,054 | 5,525 | 4,607 | ||||||||
| Net gains on sales of loans | 15,526 | 12,961 | 22,564 | ||||||||
| Net gain on residuals in securitizations | 32,404 | — | — | ||||||||
| Net gain (loss) on loans under the fair value option | (11,761 | ) | 18,077 | (2,894 | ) | ||||||
| Technology and IT support income | — | — | 5,174 | ||||||||
| Electronic payment processing income | 11,739 | 10,609 | 12,645 | ||||||||
| Other noninterest income | 7,007 | 7,192 | 11,418 | ||||||||
| Total noninterest income | 57,214 | 52,398 | 52,020 | ||||||||
| (unaudited) | (unaudited) | (unaudited) | |||||||||
| Noninterest expense | |||||||||||
| Salaries and employee benefits expense | 23,135 | 21,316 | 20,790 | ||||||||
| Technology services expense | — | — | 3,420 | ||||||||
| Electronic payment processing expense | 4,428 | 4,447 | 5,693 | ||||||||
| Professional services expense | 4,304 | 3,435 | 2,743 | ||||||||
| Other loan origination and maintenance expense | 3,287 | 4,417 | 3,015 | ||||||||
| Depreciation and amortization | 274 | 146 | 521 | ||||||||
| Other general and administrative costs | 6,881 | 7,416 | 4,382 | ||||||||
| Total noninterest expense | 42,309 | 41,177 | 40,564 | ||||||||
| Net income before taxes | 18,772 | 11,649 | 14,783 | ||||||||
| Income tax expense | 5,069 | 2,282 | 3,838 | ||||||||
| Net income | 13,703 | 9,367 | 10,945 | ||||||||
| Dividends to preferred shareholders | (400 | ) | (400 | ) | (400 | ) | |||||
| Net income available to common shareholders | $ | 13,303 | $ | 8,967 | $ | 10,545 | |||||
| Earnings per Common Share: | |||||||||||
| Basic | $ | 0.53 | $ | 0.36 | $ | 0.43 | |||||
| Diluted | $ | 0.52 | $ | 0.35 | $ | 0.43 | |||||
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) | June 30, 2025 | March 31, 2025 | June 30, 2024 | ||||||||
| Return on Average Equity and Average Tangible Common Equity | |||||||||||
| Numerator: Net Income (GAAP) | $ | 13,303 | $ | 9,367 | $ | 10,945 | |||||
| Tax-adjusted amortization of intangibles | 307 | 117 | 384 | ||||||||
| Dividend on preferred equity | (400 | ) | (400 | ) | (400 | ) | |||||
| Numerator: Adjusted net income | 13,210 | 9,084 | 10,929 | ||||||||
| Average Total Shareholders' Equity1 | 307,257 | 299,308 | 258,326 | ||||||||
| Deduct: Preferred Stock (GAAP) | 19,738 | 19,738 | 19,738 | ||||||||
| Average Common Shareholders' Equity1 | 287,519 | 279,570 | 238,588 | ||||||||
| Return on Average Common Equity | 17.4 | % | 12.7 | % | 17.0 | % | |||||
| Deduct: Average Goodwill and Intangibles1 | 14,692 | 15,130 | 29,883 | ||||||||
| Denominator: Average Tangible Common Equity1 | $ | 272,827 | $ | 264,440 | $ | 208,705 | |||||
| Return on Average Tangible Common Equity1 | 19.4 | % | 13.9 | % | 21.1 | % | |||||
| Return on Average Assets | |||||||||||
| Numerator: Net Income (GAAP) | $ | 13,303 | $ | 9,367 | $ | 10,945 | |||||
| Denominator: Average Assets1 | 2,131,477 | 2,098,325 | 1,551,009 | ||||||||
| Return on Average Assets1 | 2.50 | % | 1.81 | % | 2.84 | % | |||||
| Pre-Provision Net Revenue (PPNR) | |||||||||||
| Net Income before Taxes (GAAP) | $ | 18,772 | $ | 11,649 | $ | 14,783 | |||||
| Add: Provision for Credit Losses (GAAP) | 9,117 | 13,505 | 5,799 | ||||||||
| Pre-Provision Net Revenue1,2 | $ | 27,889 | $ | 25,154 | $ | 20,582 | |||||
| Pre-Provision Return on Average Assets (PPROA) | |||||||||||
| Pre-Provision Net Revenue1,2 | $ | 27,889 | $ | 25,154 | $ | 20,582 | |||||
| Denominator: Average Assets1 | 2,131,477 | 2,098,325 | 1,551,009 | ||||||||
| Pre-Provision Return on Average Assets1 | 5.25 | % | 4.86 | % | 5.34 | % | |||||
| NewtekOne, Inc. | As of and for the three months ended | ||||||||||
| (dollars and number of shares in thousands) | June 30, 2025 | March 31, 2025 | June 30, 2024 | ||||||||
| Efficiency Ratio | |||||||||||
| Numerator: Non-Interest Expense (GAAP) | $ | 42,309 | $ | 41,177 | $ | 40,564 | |||||
| Net Interest Income (GAAP) | 12,984 | 13,933 | 9,126 | ||||||||
| Non-Interest Income (GAAP) | 57,214 | 52,398 | 52,020 | ||||||||
| Denominator: Total Income | $ | 70,198 | $ | 66,331 | $ | 61,146 | |||||
| Efficiency Ratio1 | 60.3 | % | 62.1 | % | 66.3 | % | |||||
| Net Interest Margin | |||||||||||
| Net interest income | 12,984 | 13,933 | 9,126 | ||||||||
| Average interest-earning assets | 1,875,387 | 1,860,221 | 1,356,956 | ||||||||
| Net Interest Margin1 | 2.78 | % | 3.04 | % | 2.70 | % | |||||
| Tangible Book Value Per Share | |||||||||||
| Total Shareholders' Equity (GAAP) | $ | 312,179 | $ | 302,334 | $ | 274,002 | |||||
| Deduct: Goodwill and Intangibles (GAAP) | 14,672 | 14,711 | 29,783 | ||||||||
| Numerator: Total Tangible Book Value1 | $ | 297,507 | $ | 287,623 | $ | 244,219 | |||||
| Denominator: Total Number of Shares Outstanding | 26,317 | 26,343 | 25,852 | ||||||||
| Tangible Book Value Per Share1 | $ | 11.30 | $ | 10.92 | $ | 9.45 | |||||
| Tangible Book Value Per Common Share | |||||||||||
| Total Tangible Book Value1 | $ | 297,507 | $ | 287,623 | $ | 244,219 | |||||
| Deduct: Preferred Stock (GAAP) | 19,738 | 19,738 | 19,738 | ||||||||
| Numerator: Tangible Book Value Per Common Share1 | $ | 277,769 | $ | 267,885 | $ | 224,481 | |||||
| Denominator: Total Number of Shares Outstanding | 26,317 | 26,343 | 25,852 | ||||||||
| Tangible Book Value Per Common Share1 | $ | 10.55 | $ | 10.17 | $ | 8.68 | |||||
| 1Non-GAAP financial measure. | |||||||||||
| 2PPNR is a non-GAAP metric calculated based on total net revenue less non-interest expense before adjusting for the provision for credit losses for the period. Management believes that this financial metric is useful in assessing the ability of a lending institution to generate income in excess of its provision for credit losses. | |||||||||||
Reconciliation of Newtek Bank Non-GAAP Measures:
| Newtek Bank, NA | As of and for the three months ended | ||||||||||
| (dollars in thousands) | June 30, 2025 | March 31, 2025 | June 30, 2024 | ||||||||
| Efficiency Ratio | |||||||||||
| Numerator: Non-Interest Expense (GAAP) | $ | 23,639 | $ | 20,134 | $ | 17,354 | |||||
| Net Interest Income (GAAP) | 16,260 | 14,316 | 9,258 | ||||||||
| Non-Interest Income (GAAP) | 32,321 | 27,438 | 31,688 | ||||||||
| Denominator: Total Income | $ | 48,581 | $ | 41,754 | $ | 40,946 | |||||
| Efficiency Ratio1 | 48.7 | % | 48.2 | % | 42.4 | % | |||||
| Net Interest Margin | |||||||||||
| Net interest income (GAAP) | 16,260 | 14,316 | 9,258 | ||||||||
| Average interest-earning assets | 1,195,121 | 1,185,528 | 768,240 | ||||||||
| Net Interest Margin1 | 5.46 | % | 4.90 | % | 4.85 | % | |||||
| Cost of Deposits | |||||||||||
| Interest Expense on deposits (GAAP) | 9,566 | 10,032 | 7,046 | ||||||||
| Average deposits | 1,034,940 | 1,019,477 | 633,950 | ||||||||
| Cost of Deposits1 | 3.71 | % | 3.99 | % | 4.47 | % | |||||
FAQ
What were NewtekOne's (NEWT) earnings per share for Q2 2025?
How much did NewtekOne's (NEWT) revenue grow in Q2 2025?
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