NewtekOne, Inc. Reports 4Q25 and Year-to-Date 2025 Basic and Diluted EPS of $0.65 and $0.65 and $2.21 and $2.18

Core Viewpoint - NewtekOne, Inc. reported strong financial results for the year ended December 31, 2025, with significant growth in earnings per share, total revenue, and improvements in efficiency ratios, indicating a robust operational performance and a solid capital position going into 2026 [1][6][8]. Financial Highlights - Basic and diluted earnings per share (EPS) for 2025 were $2.21 and $2.18, respectively, compared to $1.97 and $1.96 for 2024, reflecting a year-over-year increase of approximately 12.1% [6][24]. - Total revenue for 2025 was $284.8 million, up 10.6% from $257.6 million in 2024 [6][24]. - Net income before taxes for 2025 was approximately $80.0 million, an increase of 16.4% from $68.7 million in 2024 [6][24]. - Pre-provision net revenue (PPNR) for 2025 was approximately $118.7 million, a 25.1% increase from $94.9 million in 2024 [6][24]. - The efficiency ratio improved to 58.3% for 2025 from 63.2% in 2024, indicating better operational efficiency [6][24]. Balance Sheet Highlights - Book value per common share at the end of 2025 was $12.19, up 15.9% year-over-year and 4.0% quarter-over-quarter [6]. - Tangible book value per common share was $11.68, reflecting a 24.4% increase year-over-year and a 4.1% increase quarter-over-quarter [6]. - Total assets increased to $2.74 billion as of December 31, 2025, compared to $2.06 billion at the end of 2024 [20]. Loan Originations and Deposits - The company originated $363 million in Alternative Loan Program (ALP) loans for 2025, up from $270 million in 2024 [7]. - SBA 7(a) loans originated in 2025 totaled $768 million, down from $943 million in 2024 [7]. - Commercial deposits at Newtek Bank increased by $164 million, or 70% year-over-year, while core consumer deposits grew by $293 million, or 40% [7]. Operational Developments - Newtek Bank opened over 9,000 deposit accounts in 4Q25, surpassing its previous quarterly record by approximately 50% [7]. - The company successfully closed a $295 million securitization backed by ALP loans, which was ten times oversubscribed [8][10]. - The company aims to diversify its loan portfolio in 2026 and beyond, leveraging its technology-enabled platform to enhance service delivery [8].