NewtekOne (NEWT) Q3 2026 earnings summary

Executive summary

• Q3 diluted EPS was $0.34 vs. $0.67 in Q3 2025; net income was $10.7M vs. $17.9M. FY26 EPS guidance remained $1.70–$1.80.

• Record Q3 net interest income of $18.9M rose 30% YoY; higher credit provisions and lower noninterest income weighed on earnings.

• Deposits reached $2.51B, up from $1.42B at year-end 2025; loans on balance sheet exceeded $2.7B, up 46% YoY.

• Holding more SBA 7(a) guaranteed loans on balance sheet increased recurring net interest income while reducing reliance on loan-sale gains.

Financial highlights

• Q3 net interest income was $18.9M, up 26% QoQ and 30% YoY; YTD net interest income rose 20% to $51.1M.

• Q3 noninterest income declined to $52.9M from $60.4M; noninterest expense was $42.2M, flat YoY.

• Q3 provision for credit losses rose to $15.4M from $7.7M; 9M provision was $37.1M, up from $30.3M.

• Book value/share was $12.80 and tangible book value/share $12.30, up 9.2% and 9.6% YoY, respectively.

Outlook and guidance

• FY26 EPS guidance remained $1.70–$1.80; seasonal Q4 lending and continued NII growth were cited as earnings drivers.

• A C&I longer-amortizing loan securitization was anticipated in 1Q27; management cited a planned $350M–$400M collateral pool.

• Strategic alternatives and discussions with alliance partners and technology providers were being explored to recognize platform value and reduce shareholder risk; no specific transaction was identified.

• Lending is shifting toward deposit funding; expected cash needs may also be met through loan sales, repayments, securitization and capital-markets financing.