Core Viewpoint - NewtekOne, Inc. has declared a quarterly cash dividend of $0.19 per share, payable on January 2, 2026, to shareholders of record as of December 22, 2025 [1] Company Overview - NewtekOne, Inc. is a financial holding company that provides a wide range of business and financial solutions to independent business owners across all 50 states since 1999 [3] - The company aims to help businesses grow sales, control expenses, and reduce risk through state-of-the-art, cost-efficient products and services [3] Business Solutions Offered - NewtekOne and its subsidiaries offer various solutions including: - Banking services through Newtek Bank, N.A. - Business Lending and SBA Lending Solutions - Electronic Payment Processing and eCommerce - Accounts Receivable Financing and Inventory Financing - Insurance Solutions, Web Services, and Payroll and Benefits Solutions - Technology Solutions such as Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting, and Web Services provided by Intelligent Protection Management Corp. [4]

Financial Results Announcement - NewtekOne, Inc. announced its financial results for the three and nine months ended September 30, 2025[7]. - The press release detailing the financial results was issued on October 29, 2025[7]. - The financial results are available on NewtekOne's investor relations website and the SEC's website[6]. Company Information - The company is registered under the Securities Exchange Act of 1934 and has various securities listed on the Nasdaq Global Market[3]. - The company operates from Boca Raton, Florida, and is incorporated in Maryland[2]. Forward-Looking Statements and Risks - NewtekOne's forward-looking statements are subject to significant risks and uncertainties, and actual results may differ materially[6]. - The report includes a note regarding forward-looking statements and risk factors associated with the company's operations[6]. Compliance and Reporting - The company has not elected to use the extended transition period for complying with new financial accounting standards[5]. - The report was signed by Barry Sloane, the Chief Executive Officer, President, and Chairman of the Board[13]. - The report does not include specific financial metrics or performance indicators[8].

Core Viewpoint - NewtekOne, Inc. is initiating an Exchange Offer to exchange its outstanding 5.50% Notes due 2026 for newly issued 8.50% Fixed Rate Senior Notes due 2031, aiming to provide existing holders with an opportunity to continue their investment in the company's senior notes [1][5]. Group 1: Exchange Offer Details - The Exchange Offer involves exchanging $95.0 million aggregate principal amount of Old Notes for an equal principal amount of New Notes, with each $25 principal amount of Old Notes exchanged for $25 principal amount of New Notes [2]. - The New Notes will mature on February 1, 2031, and will bear an interest rate of 8.50% per annum, payable quarterly starting February 1, 2026 [3]. - The Exchange Offer will expire at 5:00 p.m. New York City time on January 9, 2026, unless extended or terminated earlier [3]. Group 2: Conditions and Purpose - The consummation of the Exchange Offer is contingent upon at least 10% of the aggregate principal amount of Old Notes being validly tendered and not withdrawn [4]. - The purpose of the Exchange Offer is to allow holders of the Old Notes, which mature on February 1, 2026, to continue holding NewtekOne senior notes [5]. Group 3: Company Overview - NewtekOne, Inc. is a financial holding company that provides a wide range of business and financial solutions to independent business owners across the United States [11]. - The company's services include banking, business lending, electronic payment processing, and technology solutions, among others [12].

Core Insights - NewtekOne, Inc. is optimistic about its earnings per share (EPS) for 2025, projecting it to fall within the range of $2.10 to $2.50, following the resolution of the government shutdown [2] - The company has successfully opened nearly 30,000 deposit accounts digitally and is focused on providing a technology-oriented banking experience [2] - NewtekOne plans to present its operational and financial goals for 2026 to investors and analysts on January 8, 2026 [2] Company Overview - NewtekOne is a financial holding company that offers a wide range of business and financial solutions to independent business owners across all 50 states [3] - The company has been operational since 1999, providing cost-efficient products and services aimed at helping businesses grow sales, control expenses, and reduce risk [3] Business Solutions - NewtekOne's offerings include banking, business lending, SBA lending solutions, electronic payment processing, accounts receivable financing, inventory financing, insurance solutions, and payroll and benefits solutions [4] - The company also provides technology solutions such as cloud computing, data backup, IT consulting, and web services through its subsidiary Intelligent Protection Management Corp. [4] Financial Activities - NewtekOne is set to launch its largest securitization of alternative loan program (ALP) loans, marking its fourth securitization of ALP loans and 17th overall [6] - The company has repurchased 100,670 shares of its common stock at a weighted average price of $10.20 during the current quarter [6]

Core Insights - NewtekOne (NEWT) has experienced a significant decline this year, leading to a record high dividend yield and trading at a substantial discount to its tangible book value (TBV) per share [1] Group 1: Company Performance - The dividend yield of NewtekOne has expanded to a record high due to its price dip [1] - NewtekOne is currently trading at a double discount to its tangible book value per share [1] Group 2: Market Context - The equity market serves as a powerful mechanism for wealth creation or destruction over the long term, influenced by daily price fluctuations [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Company Structure and Operations - In 2023, the company converted to a financial holding company from a BDC and a non-bank lender, acquiring NBNYC, which was renamed Newtek Bank[210]. - Newtek Bank is currently the second largest SBA 7(a) lender in the U.S. based on dollar volume of loans approved, following a transition of SBA 7(a) loan originations from NSBF[213]. - The company offers a range of financial services including lending products, FDIC insured deposit products, payments processing, payroll services, and insurance brokerage services[206]. - The company’s transition to a financial holding company means it is no longer treated as a RIC for U.S. federal income tax purposes, impacting its tax obligations[212]. - The company is subject to regulation and supervision by the Federal Reserve and the OCC, requiring investments in technology and compliance processes[208]. Financial Performance - The Company reported net income of $41.0 million for the nine months ended September 30, 2025, an increase of 26.5% from $32.5 million in the same period of 2024[238]. - Interest income on loans increased by $23.9 million, contributing to the overall growth in net income before taxes[239]. - Noninterest income rose by $15.8 million, reaching $169.1 million compared to $153.2 million in 2024[239]. - Consolidated net income rose by 50% to $17.9 million in 2025 from $11.9 million in 2024[313]. - The Banking segment reported net income of $30.866 million, down 13% from $35.339 million in the prior year, while Alternative Lending saw a significant increase in net income to $60.445 million, up 77% from $34.147 million[274]. Loan and Asset Management - Total loans increased by $488.1 million to $1.88 billion as of September 30, 2025, compared to $1.39 billion at December 31, 2024[223]. - The company’s loan products include SBA 7(a), ALP, SBA 504, and traditional C&I and CRE bank loans, with a focus on the SMB market[206]. - The company originated ALP loans with the intent to securitize them, closing a securitization backed by $216.6 million of ALP loans in the second quarter of 2025[214]. - The average balance of loans held for investment increased to $1.5 billion from $1.1 billion year-over-year, contributing to the rise in interest income[242]. - The average outstanding accrual loan portfolio increased to $1.6 billion for the three months ended September 30, 2025, up from $1.2 billion in the prior year, contributing to higher interest income[284]. Credit Losses and Reserves - The allowance for credit losses increased to $45.2 million, representing 5.4% of loans held for investment at amortized cost as of September 30, 2025, compared to $30.2 million, or 4.9%, at December 31, 2024[228]. - The provision for credit losses increased to $30.3 million in 2025 from $16.7 million in 2024, reflecting higher net charge-offs and specific reserves on evaluated loans[247]. - The Company has a reserve for credit losses based on the CECL approach, which estimates expected credit losses over the life of exposures, reflecting historical loss experience and current economic conditions[359]. Regulatory Compliance and Risk Management - The company is subject to extensive regulation as a financial holding company, which may adversely affect its business operations and lending prospects[216]. - The Company’s Asset/Liability Committee oversees risk management related to interest rate and liquidity risks, establishing policies and limits for effective management[379]. - The company’s interest rate risk management involves matched funding strategies, with assets and liabilities closely linked to mitigate adverse effects from interest rate changes[374]. - The company regularly models various forecasted rate projections to assess and manage potential risks from interest rate shifts[381]. Capital and Funding - Total assets increased by $339.2 million, or 16.5%, to $2.4 billion as of September 30, 2025, compared to $2.1 billion at December 31, 2024[222]. - Total liabilities increased by $248.8 million, or 14.1%, to $2.0 billion as of September 30, 2025, compared to $1.8 billion at December 31, 2024[234]. - The Company completed a public offering of $75.0 million aggregate principal amount of 8.625% notes due 2029 on September 16, 2024, to support its funding strategy[248]. - The Company has authorized a stock repurchase program for up to 1.0 million shares and a debt repurchase program for up to $5.0 million of its 2029 Notes[322]. Deposits and Liquidity - Total deposits were $1.2 billion, with a $0.2 billion increase from December 31, 2024, and insured deposits represented 78.3% of total deposits[235]. - As of September 30, 2025, the Company had total liquidity sources of $341.5 million, down from $483.8 million as of December 31, 2024[348]. - Newtek Bank maintained approximately $187.7 million in cash at the Federal Reserve to enhance liquidity, aligning with its business strategy[240]. Noninterest Income and Expenses - Noninterest income increased by 10.3% to $169.061 million, driven by a 140.3% increase in dividend income to $2.711 million[254]. - Total noninterest expense increased by 4.2% to $125.645 million, primarily due to higher salaries and employee benefits expenses, which rose by 6.6% to $64.424 million[267]. - Other loan origination and maintenance expenses increased by 54.1% to $14.468 million due to a larger volume of loan originations[270]. Securitization and Asset Management - The Company originated $216.6 million of collateral for the securitization of ALP loans, with Class A Notes priced at a yield of 6.338% and a weighted average yield of 6.62%[368]. - The 2023-1 Trust issued securitization notes for the par amount of $103.9 million, consisting of $84.3 million of Class A notes and $19.6 million of Class B notes[339]. - The 2022-1 Trust issued securitization notes for the par amount of $116.2 million, consisting of $95.4 million of Class A notes and $20.8 million of Class B notes[340]. Interest Rate Sensitivity - As of September 30, 2025, a +200 basis point change in interest rates is estimated to increase net interest income (NII) by 13.8% for the 12 months beginning September 30, 2025[383]. - A -200 basis point change in interest rates is estimated to decrease NII by 15.8% for the same period[383]. - The company is asset sensitive, with variable rate loans repricing fully with assumed interest rate changes, while fixed-rate notes will reprice at maturity[383].

Core Insights - NewtekOne, Inc. has appointed Justine Martin as Chief Revenue Officer of its subsidiary Newtek Merchant Solutions, LLC, focusing on enhancing integration across payments, banking, and lending functions [1][3] - Martin brings over 30 years of experience in the payments processing industry, primarily from Bank of America's Merchant Services division, where she successfully led sales teams and drove client and revenue growth [2] - The company aims to redefine payment processing for independent business owners by offering a comprehensive, integrated solution that simplifies transactions and financial management [3] Company Overview - NewtekOne, Inc. is a financial holding company providing a wide range of business and financial solutions to independent business owners across the United States since 1999 [4] - The company's offerings include banking, business lending, electronic payment processing, accounts receivable financing, insurance solutions, and technology solutions [5] Strategic Goals - The company seeks to empower clients with a seamless payment processing experience, integrating various payment methods and providing real-time information to help businesses understand their operations better [3] - NewtekOne differentiates itself from traditional banks by offering lower-cost, comprehensive solutions tailored for small businesses, aiming to enhance client satisfaction and operational efficiency [3]

Core Insights - NewtekOne, Inc. is a financial services company focused on providing innovative business lending and financial solutions tailored for small and medium-sized businesses [1] Company Performance - On November 3, 2025, Sloane Barry, the Chairman and CEO, purchased 2,000 shares at $10.16 each, increasing his total ownership to 1,206,459 shares, reflecting confidence in the company's future prospects [2] - NewtekOne held its Q3 2025 earnings call on October 29, 2025, with key figures discussing financial performance and strategic initiatives, indicating significant analyst interest from firms like Keefe, Bruyette, & Woods, Piper Sandler & Co., and Raymond James & Associates [3] - The current stock price of NASDAQ:NEWT is $10.42, showing a slight increase of 0.02, or 0.19%, with a yearly high of $15.49 and a low of $9.12, indicating market volatility [4][6] Market Activity - NewtekOne's market capitalization is approximately $274.3 million, with a trading volume of 90,714 shares, suggesting a moderate level of investor interest and activity [5]

Core Insights - NewtekOne (NEWT) reported revenue of $74.94 million for the quarter ended September 2025, reflecting a year-over-year increase of 19.3% [1] - The earnings per share (EPS) for the quarter was $0.67, up from $0.45 in the same quarter last year, with an EPS surprise of +6.35% against the consensus estimate of $0.63 [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $76.33 million, resulting in a revenue surprise of -1.83% [1] Financial Performance Metrics - Efficiency Ratio stood at 56.3%, slightly above the average estimate of 55% based on two analysts [4] - Net interest income was reported at $14.55 million, lower than the average estimate of $16.89 million from three analysts [4] - Total noninterest income reached $60.39 million, exceeding the average estimate of $59.25 million from three analysts [4] - Noninterest income from servicing was $6.08 million, surpassing the average estimate of $5.49 million [4] - Noninterest income from net gains on sales of loans was $9.56 million, significantly below the average estimate of $21.79 million [4] - Electronic payment processing income was reported at $11.05 million, lower than the average estimate of $13.29 million [4] - Other noninterest income was $9.96 million, exceeding the average estimate of $8.86 million [4] - Dividend income was $0.43 million, slightly below the average estimate of $0.53 million [4] - Loan servicing asset revaluation resulted in a loss of $12.5 million, compared to the average estimate of a loss of $4.21 million [4] Stock Performance - Over the past month, NewtekOne shares have returned -5.4%, contrasting with the Zacks S&P 500 composite's increase of +3.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Viewpoint - NewtekOne (NEWT) reported quarterly earnings of $0.67 per share, exceeding the Zacks Consensus Estimate of $0.63 per share, and showing an increase from $0.45 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +6.35%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - Revenues for the quarter ended September 2025 were $74.94 million, which was 1.83% below the Zacks Consensus Estimate, but an increase from $62.83 million year-over-year [3] Stock Performance - NewtekOne shares have declined approximately 15.2% since the beginning of the year, contrasting with the S&P 500's gain of 17.2% [4] - The current Zacks Rank for NewtekOne is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.70 on revenues of $82.92 million, and for the current fiscal year, it is $2.23 on revenues of $295.8 million [8] - The outlook for the Financial - Miscellaneous Services industry, where NewtekOne operates, is currently in the top 30% of Zacks industries, suggesting a favorable environment for stock performance [9]