Financial Performance - NewtekOne's Q1 2025 diluted EPS was $035, exceeding the guided range of $028-$032 per share[8] - The company maintains its 2025 EPS guidance range of $210-$250 per share, projecting a 17% annual EPS growth at the midpoint[8] - NewtekOne's Q1 2025 return on average assets (ROAA) was 181%, significantly higher than the peer average of around 90 bps for banks with $1-$10 billion in assets[8] - The efficiency ratio decreased year-over-year from 71% to 62%, with assets increasing by 42% and operating expenses remaining flat[8] Loan Portfolio and Originations - Total Alternative Loan Program (ALP) loans reached approximately $535 million in Q1 2025, up from $221 million in Q1 2024[8] - The company reaffirms its 2025 ALP origination guidance of $500 million[8] - As of March 31, 2025, the total loan portfolio was $19 billion, with 50% held at Newtek Bank, 37% on the holding company's balance sheet, and 13% in joint ventures[35] Deposits and Net Interest Margin - Business deposits increased by 12% quarter-over-quarter, while core consumer deposits grew by 2% quarter-over-quarter[8] - Net interest income increased by 56% year-over-year, with average earning assets up by 52% year-over-year[52] - The adjusted net interest margin (NIM) increased by 27 basis points year-over-year, benefiting from the growth in ALP loans[52] Non-Interest Income and Expenses - Non-interest income accounted for 79% of total revenue, driven by gains on loan sales, servicing income, and payments[59] - Operating expenses remained flat year-over-year in Q1 2025, despite a 42% increase in assets[65]