NewtekOne (NEWT) investor relations material

Company overview and mission

• Founded in 1998, now with over 600 employees and $3 billion in assets, focusing on independent business owners across the U.S.

• Provides business and financial solutions, including lending, insurance, and payroll, exclusively to SMBs, not consumers or large corporations.

• Mission centers on helping clients grow revenues, reduce expenses, and manage risk, with a unique approach compared to traditional banks.

• Publicly traded for 26 years, with a $400 million market cap and six analysts covering the stock.

Business model and technology

• Operates without branches or traditional bankers, resulting in a 40% efficiency ratio versus the industry average of 60%.

• Uses proprietary technology and AI for customer acquisition, loan processing, and risk management, including automated document analysis and real-time payments.

• Developed NewTracker, a patented referral tracking system, and offers a business portal for clients to manage all financial activities.

• Acquires 600–800 unique business referrals daily through partnerships with major financial institutions.

Financial performance and growth

• Achieves 20% return on tangible common equity and over 3% return on average assets, outperforming industry leaders.

• Pays a 5.5% dividend and has demonstrated consistent growth in EPS, asset size, deposits, and loans.

• EPS grew 19% and 23% year-over-year, with a 2025 midpoint estimate of $2.30; expects $2.60 EPS in 2027.

• Tangible book value increased from $6.92 to $11.85, projected to exceed $13 by year-end.