NewtekOne (NEWT) posts 2Q26 EPS of $0.48 as assets and deposits expand
Rhea-AI Filing Summary
NewtekOne, Inc. reported 2Q26 basic and diluted EPS of $0.48 and $0.47, compared with $0.53 and $0.52 in 2Q25. Net income was $14.6 million versus $13.7 million a year earlier. Key profitability metrics included ROAA of 1.97%, ROAE of 13.3%, ROTCE of 15.7%, and an efficiency ratio of 58.4% versus 60.3% in 2Q25. Book value per common share reached $12.64, with tangible book value per common share of $12.13, up 13.8% and 15.0% year-over-year, respectively.
Total assets were $3.18 billion and deposits $2.15 billion at June 30, 2026. Non‑affiliate business deposits rose $103 million, or 47% year-over-year, while core consumer deposits increased $951 million, or 124%, with insured balances comprising 81% of deposits. The company originated $104 million of C&I LA loans, $208 million of SBA 7(a) loans, and $49 million of SBA 504 loans in 2Q26. Management highlighted a shift toward holding more loans on Newtek Bank’s balance sheet, greater reliance on net interest income, and stated that financial guidance is being re‑evaluated.
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Filing Explained
By June 30, 86% of loans were held at Newtek Bank, shifting revenue toward interest income while guidance was being re-evaluated.
The August 6 Form 8-K furnishes NewtekOne’s second-quarter results and states that the balance-sheet transition is already underway: 86% of loans were held on Newtek Bank’s balance sheet at June 30, up from 68% a year earlier. The disclosed consequence is a greater net-interest-income model and less reliance on gains from selling loans, while the company’s forward guidance was being re-evaluated.
The transition reflects C&I LA loans being originated at the Bank and more guaranteed SBA 7(a) portions being retained there; the legacy NSBF portfolio was less than 10% of total loans at June 30, versus 19% a year earlier.
Separately, the company paid the scheduled
Future guidance should be resolved in a subsequent company update or filing; the company also identified its Form 10-Q for the period ended
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Basic EPS: $0.48
Net income: $14,611 thousand
Total assets: $3,184,881 thousand
+5 more
8 metrics
Basic EPS
$0.48
Basic earnings per share for 2Q26; $0.53 in 2Q25
Net income
$14,611 thousand
Net income for the three months ended June 30, 2026
Total assets
$3,184,881 thousand
Total assets as of June 30, 2026
Total deposits
$2,150,502 thousand
Total deposits as of June 30, 2026
ROAA
1.97%
Return on average assets for 2Q26; 2.58% in 2Q25
Efficiency ratio
58.4%
Efficiency ratio for 2Q26; 60.3% in 2Q25
Tangible book value per common share
$12.13
Tangible book value per common share at 2Q26, up 15.0% year-over-year
Common dividend
$0.19 per share
Quarterly cash dividend paid on common shares on July 1, 2026
Key Terms
tangible book value, efficiency ratio, Return on average assets, SBA 7(a) loans, +1 more
5 terms
tangible book value financial
"Tangible book value per common share1 ended 2Q26 at $12.13"
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.
efficiency ratio financial
"The efficiency ratio1 was 58.4% for 2Q26 compared to 60.3% for 2Q25"
A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.
Return on average assets financial
"Return on average assets (“ROAA”)1 was 1.97% for 2Q26"
Return on average assets (ROAA) measures how efficiently a company turns its assets into profit by comparing profit after expenses to the average value of its assets over a period (usually the average of beginning and ending assets). It matters to investors because it shows how well management uses the company’s resources to generate returns—think of it as how much profit a baker earns from the oven space they actually used over time.
SBA 7(a) loans financial
"Originated $208 million of SBA 7(a) loans in 2Q26"
SBA 7(a) loans are U.S. government‑backed small business loans where a private lender provides funds and the Small Business Administration guarantees a portion of the loan like a co‑signer or safety net. They matter to investors because the guarantee lowers lender risk and makes it easier for small companies to get funding, which can boost business growth, affect bank loan portfolios, and influence credit risk and returns in securities tied to small‑business lending.
loans held for investment financial
"Loans held for investment, at amortized cost, net $1,086,822"
Loans held for investment are loans a bank or lender plans to keep on its balance sheet and collect payments from, rather than sell to another party. Think of it like owning a rental property instead of flipping it: the owner expects steady income but also carries the risk that borrowers may stop paying, so investors watch this line to judge a lender’s interest income stability, credit quality, and liquidity needs.
Earnings Snapshot
Basic EPS: $0.48 · Guidance included
three months ended June 30, 2026
Basic EPS
$0.48
vs $0.53 in 2Q25
Diluted EPS
$0.47
vs $0.52 in 2Q25
Net income
$14,611 thousand
vs $13,703 thousand in 2Q25
ROAA
1.97%
vs 2.58% in 2Q25
ROAE
13.3%
vs 17.4% in 2Q25
Efficiency ratio
58.4%
vs 60.3% in 2Q25
Tangible book value per common share
$12.13
up 15.0% year-over-year and 2.4% quarter-over-quarter
Guidance
2Q26 EPS of $0.48 was within prior guidance of $0.42–$0.52; management stated that guidance going forward is being re‑evaluated as revenue mix shifts toward net interest income.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did NewtekOne (NEWT)'s returns and efficiency ratio look in 2Q26?
For 2Q26, NewtekOne reported ROAA of 1.97% and ROAE of 13.3%, compared with 2.58% and 17.4% in 2Q25. The efficiency ratio improved to 58.4% from 60.3%, reflecting operating leverage as assets grew while operating expenses increased modestly.
What was NewtekOne (NEWT)'s asset size and deposit base at June 30, 2026?
At June 30, 2026, NewtekOne reported total assets of $3.18 billion and total deposits of $2.15 billion. Non‑affiliate business deposits rose $103 million year-over-year, while core consumer deposits grew $951 million, with insured deposits comprising 81% of the total.
What loan origination activity did NewtekOne (NEWT) report for 2Q26?
In 2Q26, NewtekOne originated $104 million of C&I LA loans, $208 million of SBA 7(a) loans, and $49 million of SBA 504 loans. It also originated $41 million of commercial real estate loans and $12 million of C&I loans held for investment.
What dividends did NewtekOne (NEWT) pay on its preferred and common stock?
On July 1, 2026, NewtekOne paid a Series B Preferred dividend of $21.25 per preferred share, or $0.53125 per depositary share, and a quarterly cash dividend of $0.19 per common share on its outstanding common stock.
Is NewtekOne (NEWT) making any changes to its financial guidance?
Management noted that 2Q26 EPS of $0.48 was within its prior guidance range of $0.42–$0.52. Given an evolving revenue mix toward net interest income and fewer gain-on-sale revenues, the company stated that its current guidance is being re‑evaluated.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of Earliest Event Reported)
(Exact Name of Company as Specified in its Charter)
| (State or Other Jurisdiction of Incorporation or Organization) | (Commission File No.) | (I.R.S. Employer Identification No.) | ||||||
(Address of principal executive offices and zip code)
(212 ) 356-9500
(Company’s telephone number, including area code)
(Former name or former address, if changed from last report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Forward-Looking Statements
Statements in NewtekOne, Inc.’s (“NewtekOne” or the “Company”) Current Report on Form 8-K and the Exhibit hereto contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs 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 the Company's 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.
Item 2.02. Results of Operations and Financial Condition.
On August 6, 2026, NewtekOne issued a press release announcing its financial and operating results for the quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report.
In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statement and Exhibits
(d) Exhibits.
| Exhibit Number | Description | |||||||
99.1 | NewtekOne, Inc. Press Release dated August 6, 2026 | |||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) | |||||||
SIGNATURES
In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| NEWTEKONE, INC. | ||||||||
| Date: August 6, 2026 | By: | /S/ BARRY SLOANE | ||||||
| Barry Sloane | ||||||||
| Chief Executive Officer, President and Chairman of the Board | ||||||||
Exhibit 99.1 1 NewtekOne, Inc. Reports 2Q26 Basic and Diluted EPS of $0.48 and $0.47 Boca Raton, Fla., August 6, 2026 - NewtekOne, Inc. (the "Company") (Nasdaq: NEWT) reports its financial and operating results for the three months ended June 30, 2026. Financial Highlights for the three months ended June 30, 2026: • For the three months ended June 30, 2026 ("2Q26"), basic and diluted earnings per share ("EPS") were $0.48 and $0.47 vs. $0.53 and $0.52, respectively, for the three months ended June 30, 2025 ("2Q25"). • Book value per common share ended 2Q26 at $12.64, up Y/Y and Q/Q by 13.8% and 2.3%, respectively. • Tangible book value per common share1 ended 2Q26 at $12.13, up Y/Y and Q/Q by 15.0% and 2.4%, respectively. • The efficiency ratio1 was 58.4% for 2Q26 compared to 60.3% for 2Q25. • Return on average assets (“ROAA”)1 was 1.97% for 2Q26 compared to 2.58% for 2Q25. • Return on average equity ("ROAE")1 was 13.3% for 2Q26 compared to 17.4% for 2Q25. • Return on average tangible common equity (“ROTCE”)1 was 15.7% for 2Q26 compared to 19.6% for 2Q25. Selected Balance Sheet and Other Highlights for 2Q26 • Non-affiliate business deposits at Newtek Bank, N.A. (the "Bank") increased $15 million, or 5% Q/Q, and $103 million, or 47% Y/Y, while core consumer deposits grew $297 million, or 21% Q/Q, and $951 million, or 124% Y/Y. • Since the acquisition of the Bank in early 2023, roughly 54% of Newtek Bank's business lending clients have opened a business deposit account. • Insured deposits comprised 81% of deposits as of June 30, 2026.. • Originated $104 million of C&I LA Loans in 2Q26 compared to $78 million in 2Q25. • Originated $208 million of SBA 7(a) loans in 2Q26 compared to $206 million in 2Q25. • Originated $49 million of SBA 504 loans in 2Q26 compared to $26 million in 2Q25. • Originated $41 million and $12 million of CRE and C&I loans HFI in 2Q26 compared to $20 million and $5 million in 1Q25.
Exhibit 99.1 2 Post 2Q26 Events • On July 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 July 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 are pleased to have reported basic and diluted EPS of $0.48 and $0.47 for 2Q26, which was within our 2Q26 EPS guidance range of $0.42-$0.52. Profitability remains healthy with 2Q26 ROAA, ROAE and ROTCE of 1.97%, 13.3%, and 15.7%, respectively. We continue to capture operating leverage with assets up almost 50% Y/Y and 2Q26 operating expenses up just 3.6% over 2Q25 operating expenses, which supported a Y/Y improvement in the efficiency ratio from 60.3% for 2Q25 to 58.4% for 2Q26. “Since acquiring the Bank in early 2023, we have consistently produced strong balance sheet growth with increasing loan balances the primary driver of asset growth. As of the first quarter of 2026, we are originating all loans at the Bank (as opposed to our non-bank subsidiaries) and funding the new loan originations with deposits. I am particularly proud of the deposit gathering engine we have built here at Newtek Bank. We are able to deliver value to both consumer and business deposit customers by providing deposits accounts with attractive rates of interest and without fees, and, because we operate without branches and traditional commercial bankers, we have delivered solid profitability, operating leverage, and efficiency. Total deposits almost doubled Y/Y with business deposits increasing by almost 50% and the consumer deposit book more than doubling. “Second quarter 2026 loan originations showed contributions from all loan types: C&I LA, SBA 7(a), SBA 504, commercial real estate, and traditional C&I. There are three notable trends I’d like to highlight. First, loans held on Newtek Bank’s balance sheet comprise 86% of the Company’s loans, which is up from 68% one year ago. The shift to the Bank’s balance sheet is a function of C&I LA loans now being originated at the Bank vs. the holding company's non-bank subsidiaries, and loan balances at our legacy non-bank 7(a) lender, Newtek Small Business Finance ("NSBF"), continuing to decline. In fact, the NSBF portfolio represented less than 10% of total loans as of June 30, down from 19% one year earlier. Second, C&I LA loan balances are building on the Bank’s balance sheet. Most of the C&I LA loan growth occurred late in the second quarter, which means the Bank’s interest and net interest income should reflect a full quarter of impact in the third quarter of 2026. And third, as we have discussed in past quarters, we are holding more guaranteed portions of SBA 7(a) loans on our balance sheet than we have in the past, supporting growth in net interest income, which, for 2Q26, climbed 24% Q/Q and 56% Y/Y at the Bank. “Since 1998, NewtekOne has been dedicated to independent business owners in the United States and has strived to provide business and financial solutions to that important cohort with the intention to make our independent business owner clients more successful. We believe we are succeeding at that mission and are one of the top firms serving independent business owners in the U.S. In fact, according to SBA data, since 2020, as one of the more active lenders in the 7(a) loan program, we have supported roughly 280,000 jobs, ranking second of all lenders in the 7(a) program for jobs supported.” Mr. Sloane concluded, "After three and a half years of operating as a bank holding company we are proud of the business model we have created, a technologically enabled bank that from a competitive standpoint is hard to find. Rather than being viewed as simply different, we have found recently that our business model emphasizing our digital account opening, real time payments platform, the Newtek Advantage® business portal, the NewTracker®
Exhibit 99.1 2 referral system, and frictionless lending platform, all for independent business owners, is getting noticed by the banking industry as being a model to envy. However, as we continue to execute our business model, the mix of revenue and business lines at the Bank is evolving. This will involve more net interest income by holding more loans on balance sheet and less revenue from gain on sale of loans, and, as a result, our current guidance going forward is being re-evaluated." Second Quarter 2026 Conference Call and Webcast A conference call to discuss the second 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, Thursday, August 6, 2026, at 4:30 p.m. ET. Please note, to attend the conference call or webcast, participants should register online at NewtekOne, Inc. Second 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. Second 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
Exhibit 99.1 3 the filing of the Company's Form 10-Q for the period ended June 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
Exhibit 99.1 4 NEWTEKONE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (In Thousands, except for Per Share Data) June 30, 2026 December 31, 2025 (unaudited) ASSETS Cash and due from banks $ 5,190 $ 4,196 Restricted cash (amounts related to VIEs of $6.3 million and $6.3 million, respectively) 22,744 26,477 Interest bearing deposits in banks 367,073 279,618 Total cash and cash equivalents 395,007 310,291 Debt securities available-for-sale, at fair value 15,139 16,829 Loans held for sale, at fair value 500,783 971,837 Loans held for sale, at LCM 20,473 26,532 Loans held for investment, at fair value (amounts related to VIEs of $177.1 million and $198.4 million, respectively) 721,568 281,198 Loans held for investment, at amortized cost, net of deferred fees and costs 1,139,537 896,689 Allowance for credit losses (52,715) (45,226) Loans held for investment, at amortized cost, net 1,086,822 851,463 Federal Home Loan Bank and Federal Reserve Bank stock 4,548 4,234 Settlement receivable — 438 Residuals in securitizations, at fair value 204,001 76,701 Joint ventures and other non-control investments, at fair value (cost of $36,294 and $36,692), respectively 43,766 47,719 Goodwill and intangibles 14,526 14,597 Right of use assets 2,574 2,790 Deferred tax asset, net 10,768 — Servicing assets, at fair value 12,456 15,358 Servicing assets, at LCM 39,500 29,564 Other assets 112,950 95,268 Total assets $ 3,184,881 $ 2,744,819 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Deposits: Noninterest-bearing $ 56,270 $ 53,873 Interest-bearing 2,094,232 1,364,535 Total deposits 2,150,502 1,418,408 Borrowings (including borrowings of VIEs of $105.1 million and $127.1 million, respectively) 554,192 819,888 Lease liabilities 2,648 2,874 Deferred tax liabilities, net — 10,728 Due to participants 21,117 52,389 Accounts payable, accrued expenses and other liabilities 43,049 42,962 Total liabilities 2,771,508 2,347,249 Shareholders' Equity:
Exhibit 99.1 5 NEWTEKONE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (In Thousands, except for Per Share Data) June 30, 2026 December 31, 2025 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, 28,899 and 28,658 issued and outstanding, respectively) 579 573 Retained earnings 109,899 94,990 Additional paid-in capital 254,719 253,830 Accumulated other comprehensive loss, net of income taxes (5) (4) Total shareholders' equity 413,373 397,570 Total liabilities and shareholders' equity $ 3,184,881 $ 2,744,819
Exhibit 99.1 6 NEWTEKONE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In Thousands, except for Per Share Data) Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 (unaudited) (unaudited) (unaudited) Interest income Debt securities available-for-sale $ 217 $ 216 $ 214 Loans and fees on loans 40,335 37,702 33,354 Other interest earning assets 5,742 8,323 2,950 Total interest income 46,294 46,241 36,518 Interest expense Deposits 18,599 15,270 9,357 Notes and securitizations 8,846 9,402 10,908 Bank and FHLB borrowings 3,885 4,343 2,330 Total interest expense 31,330 29,015 22,595 Net interest income 14,964 17,226 13,923 Provision for credit losses 12,114 9,608 9,117 Net interest income after provision for credit losses 2,850 7,618 4,806 Noninterest income Dividend income 485 450 600 Net loss on loan servicing assets (5,249) (6,197) (4,355) Servicing income 5,003 6,385 6,054 Net gains on sales of loans 11,226 26,682 15,526 Net gain on residuals in securitizations 2,006 56,144 31,465 Net (loss) gain on loans under the fair value option 20,654 (49,578) (11,761) Electronic payment processing income 10,852 10,404 11,739 Other noninterest income 15,140 9,441 7,007 Total noninterest income 60,117 53,731 56,275 Noninterest expense Salaries and employee benefits expense 23,234 23,096 23,135 Electronic payment processing expense 4,719 4,121 4,428 Professional services expense 3,181 2,603 4,304 Other loan origination and maintenance expense 4,909 6,227 3,287 Technology expense 2,921 2,953 2,996 Other general and administrative costs 4,853 5,263 4,159 Total noninterest expense 43,817 44,263 42,309 Net income before taxes 19,150 17,086 18,772 Income tax expense 4,539 3,685 5,069 Net income 14,611 13,401 13,703 Dividends to preferred shareholders (1,063) (1,063) (400) Net income available to common shareholders $ 13,548 $ 12,338 $ 13,303 Earnings per Common Share: Basic $ 0.48 $ 0.43 $ 0.53
Exhibit 99.1 7 NEWTEKONE, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In Thousands, except for Per Share Data) Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 (unaudited) (unaudited) (unaudited) Diluted $ 0.47 $ 0.43 $ 0.52
Exhibit 99.1 8 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.
Exhibit 99.1 9 NewtekOne, Inc. As of and for the three months ended (dollars and number of shares in thousands) June 30, 2026 March 31, 2026 June 30, 2025 Return on Average Equity and Tangible Common Equity Numerator: Net Income (GAAP) $14,611 $13,401 $13,703 Dividend on preferred equity (1,063) (1,063) (400) Numerator: Adjusted net income 13,548 12,338 13,303 Average Total Shareholders' Equity1 409,033 401,018 307,256 Return on Average Equity1 13.3% 12.5% 17.4% Deduct: Preferred Stock (GAAP) 48,181 48,181 19,738 Average Common Shareholders' Equity1 360,852 352,837 287,518 Return on Average Common Equity 14.3% 13.6% 17.9% Deduct: Average Goodwill and Intangibles1 14,561 14,579 14,692 Denominator: Average Tangible Common Equity1 $346,291 $338,258 $272,826 Return on Average Tangible Common Equity1 15.7% 14.8% 19.6% Return on Average Assets Numerator: Net Income (GAAP) $14,611 $13,401 $13,703 Denominator: Average Assets1 2,971,097 2,778,792 2,131,477 Return on Average Assets1 1.97% 1.96% 2.58% Efficiency Ratio Numerator: Non-Interest Expense (GAAP) $43,817 $44,263 $42,309 Net Interest Income (GAAP) 14,964 17,226 13,923 Non-Interest Income (GAAP) 60,117 53,731 56,275 Denominator: Total Income $75,081 $70,957 $70,198 Efficiency Ratio1 58.4% 62.4% 60.3% Tangible Book Value Per Share Total Shareholders' Equity (GAAP) $413,373 $404,691 $312,180 Deduct: Goodwill and Intangibles (GAAP) 14,526 14,561 14,672 Numerator: Total Tangible Book Value1 $398,847 $390,130 $297,508 Denominator: Total Number of Shares Outstanding 28,899 28,846 26,317 Tangible Book Value Per Share1 $13.80 $13.52 $11.30 Tangible Book Value Per Common Share Total Tangible Book Value1 $398,847 $390,130 $297,508 Deduct: Preferred Stock (GAAP) 48,181 48,181 19,738 Numerator: Tangible Common Book Value1 $350,666 $341,949 $277,770 Denominator: Total Number of Shares Outstanding 28,899 28,846 26,317 Tangible Book Value Per Common Share1 $12.13 $11.85 $10.55 1Non-GAAP financial measure