NewtekOne, Inc. Announces Balance Sheet Metrics for 1Q25 and Reiterates EPS Guidance for 2025

Core Insights - NewtekOne, Inc. reported preliminary loan and deposit metrics for Q1 2025, indicating strong performance in line with projections, with an EPS guidance of $2.10-$2.50 per share for 2025 [1] - The company emphasizes its technology-enabled platform, NewTracker®, which efficiently sources client opportunities and processes high-quality credits, generating 600-900 referrals daily at no additional cost [1] - Newtek Bank's efficiency ratio for 2024 was approximately 43%, showcasing the effectiveness of its operating model during market volatility [1] Loan Originations - In Q1 2025, NewtekOne originated 580 SBA 7(a) loans totaling $213 million, compared to 489 loans totaling$212 million in Q1 2024, with a projected $1 billion in SBA 7(a) originations for 2025 [4] - The company originated$41 million in Commercial Real Estate (CRE) loans and 23 million in Commercial & Industrial (C&I) loans in Q1 2025, with a 20% quarter-over-quarter growth in the CRE portfolio [4] - Newtek Bank's total loan portfolio is expected to grow significantly, with a projected combined CRE/C&I portfolio of approximately 464 million by year-end 2025, reflecting a 94% year-over-year growth [4] Deposit Metrics - Newtek Bank reported approximately $1.06 billion in deposits at the end of Q1 2025, marking a 2$245 million in deposit growth for 2025 [4] Business Solutions - NewtekOne provides a wide range of business and financial solutions, including banking, business lending, electronic payment processing, and technology solutions [2][3] - The company has been operational since 1999, focusing on cost-efficient products and services to help independent business owners across all 50 states [2]