NEWT

BOCA RATON, Fla., Aug. 28, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“the Company” or “NewtekOne”) (NASDAQ: NEWT) announced updated earnings guidance for 2026 and 2027. The Company now expects 2026 EPS in a range of $1.70-$1.80 and 2027 EPS in a range of $2.00-$2.20, which reflects a decision to hold more guaranteed portions of SBA 7(a) loans on its balance sheet than the Company has historically. As a result, going forward, net interest income (“NII”) is expected to grow at a faster pace than noninterest income, with NII representing an increasingly larger portion of total revenue. Barry Sloane, Chairman, CEO, and President of NewtekOne, commented, “We indicated during our 2Q26 earnings conference call that EPS guidance for the second half of 2026 and 2027 was being reevaluated given the recent decision to hold more guaranteed portions of SBA 7(a) loans on our balance sheet than we have historically. Before we acquired our bank subsidiary, Newtek Bank, N.A. (the “Bank”), we typically sold guaranteed portions of SBA 7(a) loans within 90 days of origination and recognized gain on sale income. The acquisition of the Bank in 2023 has provided us with an improved ability to fund loans more cost effectively with the Bank’s deposits. In fact, our deposit gathering capabilities have exceeded initial expectations, which we believe is a function of our ability to open deposits digitally without geographical constraints, the attractiveness of our deposit products featuring competitive market rates and zero fees, and on-demand access to customer service representatives, who are available on-camera 24/7/365. “We anticipate that the change to emphasize more on NII as opposed to gain-on-sale income will result in NII growing at a faster pace than gain on sale income and NII comprising a larger portion of revenue going forward. We expect NII to grow from 21% of total revenue in 2025, and 22% for the first half of 2026, to 30% or more for the second half of 2026 through 2027.” “As we continue to focus on increasing shareholder value, we plan to explore all avenues, including licensing what we view as our best-in-class lending and deposit gathering platforms with our patented NewTracker® platform and our patent pending Newtek Advantage® platform, as well as exploring all strategic options.” About NewtekOne, Inc. NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk. NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, eCommerce, Accounts Receivable Financing & Inventory Financing and Insurance Solutions, Web Services, and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com). Newtek®, NewtekOne®, Newtek Bank®, National Association, Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage are registered trademarks of NewtekOne, Inc. Note Regarding Forward-Looking StatementsCertain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. SOURCE: NewtekOne, Inc. Investor Relations & Public RelationsContact: Bryce Rowe Telephone: (212) 273-8292 / [email protected]

Image source: The Motley Fool. Thursday, Aug. 6, 2026 at 4:30 p.m. ET Executive Vice President and Chief Financial Officer - Frank DeMaria President, Chief Executive Officer, and Chairman - Barry R. Sloane Operator: Good day and thank you for standing by. Welcome to the NewtekOne Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Barry Sloane, President and CEO of NewtekOne. Please go ahead. Barry R. Sloane: Thank you very much, everyone, and welcome to our second quarter 2026 financial results conference call. We appreciate everybody attending, and thank you for tuning in today. I wanted to also let everybody know that presenting, in addition to myself, will be Frank DeMaria, EVP, CFO of NewtekOne, the publicly traded holding company, stock symbol NEWT, and Newtek Bank, National Association. We appreciate everyone patching into our call and we always sort of start off with why should you care about NewtekOne? The company was established in 1998. I'm the original founder of the company established out of a spare bedroom in a New York City apartment. So take a look at the business model that we have today and look at metrics such as return on average assets, return on tangible common equity, the dividend yield, the book value growth over time, all things that we'll talk about extensively today. It's a very interesting, what I would call a value and a growth story. However, three and a half years into our inception, we're still evolving and we're appreciative of things that are changing in the marketplace today and we're adopting to all different changing conditions. Obviously, if you take a look at our presentation today and recent presentations, more things are being done out of the bank than in the bank holding company. We recently acquired or merged the payroll solutions business into the bank. We are doing our commercial and industrial long-am loans out of the bank. And one thing that's important to notice, you'll see that our income, our net interest income at the bank is growing, particularly on comparisons. We'll talk about that in the call. So I think going forward as we transform, you'll see a little bit less gain-on-sale, more net interest income, more use of the balance sheet and the portfolio. I think as we've grown in this particular space, obviously we traded at market multiples to earnings of 5.5x to 6x where the banking industry is trading at 9x or 11x. So from our perspective, our goal is to do good credits, do what's best for shareholders. Most importantly, really do a great job for our customers. Let's go to Slide #3. Newtek's mission statement hasn't changed from 1998: To provide business and financial solutions to this sort of underserved demographic, independent business owners in the United States. Most importantly, we provide real good products and solutions for our customers for the purpose of making them more successful. Many times I am asked, "Barry, is there a comp? Is there a company like yours?" And I have to say, not really. Sometimes historically that works against you, but from our perspective, we believe we've got the right business model, the right way to handle our customers, work with all of our employees, associates in-house to provide the solution to the client and really provide a valuable service to the independent business owner community. Which on Slide #4, we can see that utilizing technology, which we've done over two decades, is extremely important. Instead of traditional bankers, branches, we use technology to exchange data, analyze the data, put the data in a better decision-making mode. We've recently started to use AI when we're analyzing data coming to us from the customer. It reduces friction, increases speed. All these things are extremely valuable. So we look at what we do, which is a technology-oriented company, and there to serve the independent business community across the United States. We believe we have taken on some of the tasks in a bank holding company, owning a nationally chartered bank, that we think most of the market and the industry is interested in adopting, too, in a very big way, but is slow to adopt. Number one, the high-cost infrastructure with branches and traditional bankers. For those of you that haven't used our solutions, you get an executive on camera 24/7, and you also get great software to exchange data that has minimal amounts of friction and, important for us, accuracy. [ Two ], and by the way, the existing bank model is extremely costly. We think going forward the giants of the industry, the top four players, are pouring huge dollars into the space to do what we believe we have done within our confines already. Second, inefficient lending margins from loans that bear very little risk and frankly just really tight on the margins. Deposit products that we're able to offer our business clients with historically we're competing against zero interest paid and excessive fees for the business client. I think it's important. Our goal is to manage risk, not avoid it, put a fair product and price onto our customers, beat the competition like merchant cash advance or daily debit type loans, and basically provide our banking solution in a safe and sound manner. Slide #5. These are things that you've heard previously. It pretty much labels all the things that we do. Slide #6, we talk about the importance of our target market, that SMB, SME, independent business owner. There's 36 million of them in the United States. According to the Chamber of Commerce, it's 43% of U.S. GDP. And importantly, over the last six and a half years, according to the SBA statistics, have supported or created 280,000 jobs, the second highest amongst all SBA lenders in the 7(a) program. The independent business owner is a huge economic demographic, and even the top four large institutions struggle with acquiring the client, solutioning the client, and therefore what we have built, our technology, our infrastructure, and we'll take you through some of those things today, we think is extremely valuable. We don't believe it's fully reflected in our current stock price, which is mostly driven by the typical analytics of taking the call report, pushing it through a model, and coming out with numbers. By the way, I will comment, you know, the concept of loan loss provision and things of that nature. At the end of the day, it's a business expense. That's what it is. Now, you don't want it growing or going out of control. Mind you, it's an organization that's been in this space for over 23 years, lending to SMBs, 17 securitizations, never credit watched, never downgraded. So we're proud of what we've been able to accomplish. Slide #7 talks about the quarterly highlights. Obviously, we came in within the range between basic and diluted, $0.48 and $0.47, respectively. Importantly, book value, we have a slide to address that, continues to grow very nicely. And that's really important. That's value to our shareholders. We continue to capture the operating leverage and growing a business with asset growth of 50% and expenses just up 3.6%. At the holding company, our ROA is 2%, compared very favorably to the industry. We recently switched to putting our C&I lending business down in the bank versus doing it up at the holding company. We believe this will pay great dividends going forward. We'll continue to securitize the C&I loans out of the bank. We've had tremendous success in our digital account opening with deposit gathering focusing on business and consumer-type deposits. So in 14 quarters since our inception, we've grown from $142 million to $2.2 billion. Non-affiliate deposits increased in the quarter by $15 million. And obviously, the core consumer deposits, which are very sticky, not very transactional, with basically close to zero acquisition costs, climbed by $297 million in the quarter. And we're very proud of how we've been able to get deposits digitally. It's part of our technological advantage. Slide #8, we focus on tangible book value per share growth. You can see all the math, and you can see that when you add the dividends in, it's been a nice run since we've gotten into this financial holding company owning a nationally chartered bank structure. You can see that the tangible book value has grown 75.3% in 12 quarters since converting to a technology-enabled financial holding company. Extremely important. We're very proud of growing tangible book. Obviously that's the value portion of it. Slide #9 shows the profitability of NewtekOne with all these different data points. Slide #10 really drills down on the deposit growth. We talked about the non-affiliate deposits, we talked about the total deposit changes, deposit accounts, 1,471 accounts, quarter-over-quarter, core consumer, 2,600 accounts. I believe combined you're looking at about 40,000 depository accounts. Important to note, 81% of our depository accounts are insured under the $250,000 balance. Loan-to-deposit ratio about 90%. You know, when we think about deposits, we're extremely pleased with how we acquire them, extremely efficient, and we give a great value to consumers and businesses that do business with us. And that's very important for branding and brand loyalty. Slide #11 talks about the three active C&I long amortization loan securitizations. There's a lot to talk about this. We spent a lot of time in prior calls, which are all archived on our website. I think the important aspect of the C&I LA securitization business is what we refer to as the over-collateralization, that's more loans versus the bonds, and we hyper-amortize the bonds and drive the cash flow to pay the bonds down. So the current over-collateralization, for example, on the 2026-1 deal, which is just done, started off at $47 million, it's grown by $11 million. 2025-1, a little bit more seasoned, started off at $31.6 million. Current OC is $45 million. So you can see it's really nice growth there, about $13 million to $14 million. The 2024 deal, also $14 million increase on the OC. You can see that the notes have paid down across all three issues. And obviously the collateral is paying down too at the same time. Let's go to Slide 12. This is Newtek Bank financial highlights. You can see by putting more of our activity down in the bank, we believe will provide much greater efficiencies, much greater value. When you think of things like payments or insurance, those are both eligible. We want to do this slowly, we want to do it methodically, we want to do it correctly. When you look at our ROAA, our ROTCE, these are numbers in the final column on Slide #12 that are just extremely attractive. I will point out the net interest income, Q2 2025, $16.2 million, Q2 2026, $25 million. That's the reoccurring income that most people that invest in institutions like ourselves really want to be very involved with. I also like to point out the cost of deposits over this window has been pretty flattish, which we're really appreciative about as you go from Q2 2025 to Q2 2026, actually declined from Q1 2026 to Q2 2026. Also a very nice NIM. That NIM is helped by putting more SBA 7(a) loans on our books and holding them prior to a potential sale, but we're going to hold more of these on our books. And in addition to that, the C&I LA business provides some nice NIM to the bank, while we're accumulating for securitization. We take a look at our capital ratios. They're all in line with what we consider a more than adequately capitalized bank. Obviously, we always focus on our cushion with respect to our ACL in particular, and we're pleased our ACL ratio to unguaranteed loans 5.31%. When you exclude the government guarantees that are on our books that are in an non-accrual category, it's 4.14%. So it's a ratio we keep close attention to, to make sure that we've got the right amount of reserves because, as I said, we manage credit risk, we don't avoid it. These things are marked-to-market on a quarterly basis with our CECL calculation. So we're very pleased with how our performance has been over the course of three and a half years. Many of you will see that we increased that provision on a quarterly basis and net charge-offs went down. So once again, we are pleased with how we're handling and managing risks. Slide #13, a little repetitive here with some charts and graphs. Particularly I just discussed the provision for credit losses versus net charge-offs at the bottom right category. I will point out that although you see 30 days past due increasing somewhat, we believe that this is a brand new bank with a brand new portfolio. So when you're starting from zero, it's almost impossible as you're climbing that default curve, with most loans defaulting in the 30 to 36 months, we've only been around for three and a half years, that is going to grow and it's going to begin to flatten. So, once again, having the right reserves with the right underwriting and the right mix of assets is extremely important. Needless to say, most of that comes in from the SBA 7(a) business, but by adding the higher quality C&I LA, the CRE book, the C&I short-am book to the portfolio, I believe that our uninsured 7(a) balances are about 42%, down from close to 50%, and we want to continue to diversify our book of business. Slide #14 gives a nice quarterly profitability snapshot at the bank. You can see these numbers that don't look, frankly, they're really high. I'm sorry to say. I know that sounds funny, but people look at it and go, "How can you do that?" Invest in assets that provide an attractive return, net of the anticipated and expected losses, and continue to manage that risk quarter-to-quarter, you'll do just fine. With that said, I would now like to pass the presentation off to Frank DeMaria, EVP and CFO of NewtekOne and Newtek Bank, N.A. Frank DeMaria: Thanks, Barry. Barry's covered most of the highlights for the quarter, but I wanted to touch on a couple of noteworthy items that are outlined on the next couple of slides. The pre-provision net revenue continues to grow in absolute dollar terms with balance sheet growth. As a percentage of average assets, the PPNR was down year-over-year from 5.25% for the second quarter of 2025 to 4.22% for this quarter, but still remains well ahead of the industry average, which is below 2%. Moving to the next slide, we provide some details on the bank's loans held for investment at cost, which is the loan portfolio against where CECL is applied. Consistent with past quarters, as Barry mentioned, the bulk of our CECL reserves are about 89% of our allowance for credit losses is directed at the unguaranteed SBA 7(a) loans. The ACL coverage ratio on that portfolio was about 8.56% of that portion of the loan portfolio, which is elevated to appropriately reflect the higher loss characteristics of those 7(a) loans. With that, I'll turn it back to Barry for some closing remarks before we take questions. Barry R. Sloane: Thank you, Frank. Slide #18, I think this is an important slide. It's the technology. When you look at how we do our business, how we acquire clients, 600 to 800 unique business referrals a day. How we open up accounts for a digital account opening. How we process loans through our Secure File Vault in an automated and frictionless manner. How we have rolled out our real-time payments offering so businesses can move money quicker, faster, cheaper with real-time information through the Newtek Advantage in an automatic manner to do so. NewTracker referral system, which is how we track referrals, manage the opportunity as it goes through, whether it's payroll, whether it's insurance, whether it's loans, whether it's deposits, everything is in NewTracker. At Newtek, if we say it's not in NewTracker, it doesn't exist. And the very important Newtek Advantage, which is the business portal for the customer that really helps the client with so many different things, to be able to make payroll from their banking interface, to be able to look at their credit card batches, refunds, chargebacks from their banking interface, to be able to look at their line of credit, to be able to see that they're not being charged for an ACH or a wire. It really is a tool that gives the customer an advantage and helps them manage their business. What makes NewtekOne unique and special is the fact that it has innovated and put technology in a banking environment for the benefit of this huge tremendous demographic that we have almost an exclusive focus on, the SMB, the SME, in all 50 states in the United States, and are able to do so in an efficient way where 98% of the banks, that's just a guess on my part, are still operating with branches, with traditional bankers, high-cost manner, not paying businesses a fair rate for their deposits, charging them excessive amounts of fees for moving money, not allowing them to move it in a real-time basis, not giving them the analytics and information and tools that can track their business, analyze their business. So when it comes to our organization, and I will tell you, technologically, I'm getting a lot of organizations coming to me looking at what we're doing that we believe isn't necessarily reflected in the markets that are looking at what we do, how we do it, and seeing basically taking this and putting this involved in their infrastructure would be immeasurably valuable. We greatly appreciate the time you spend here today. As you can see, many of you have labored through much longer presentations. There is a very exciting appendix that's hung on our website that has a lot more data on things that we've covered. Many of you are familiar with that, and obviously you'll be following shortly. With that, operator, we'd like to open it up for questions. Operator: [Operator Instructions] Our first question today is from Tim Switzer with KBW. Timothy Switzer: I was wondering if you could maybe provide a little bit more color on the strategy about holding more guaranteed portions of the SBA loans on your balance sheet than you have in the past. And it seems like this might have a near-term impact on guidance. I know previously you guys were guiding like $0.79, $0.89 for Q4. Could you maybe talk about the impact that will have near term and then the longer term impact of that? Barry R. Sloane: Yes, so I think that organizations that do not have our ROAA, ROTCE, and business model that is, I wouldn't say focused, but drives a lot of gain-on-sale income, but basically have net interest income and net margins that they view as more long-term and more stable, has entered into our thinking that we're going to continue to do both. We're going to continue to grow that net interest income line. And yes, I would say on a top line category, it probably will affect the net next couple of quarters coming up. However, it could provide a more stable stream of income and we also hope to obtain the P/E valuations that other industry participants do that don't have our technology, don't have our innovation, and don't have the capability to service the customer. I mean, there's almost a five-point spread between where we are and others are that have that different type of income. So we're going to put our toe in the water and start to drive toward that. And yes, it could potentially affect that top-line headline EPS, which we're appreciative of and proud of, but frankly it's left us with a low earnings multiple. Timothy Switzer: Okay, all right. So right now the near-term impact is the lower gain-on-sale revenue, not fully offset by interest income, but it will be in future quarters. Barry R. Sloane: Well, you said fully offset. I've got to be clear. I've got a lot of lawyers on my shoulder. So, we haven't fully run these numbers through, but over the long term, adding more net interest income and giving up some of the gain-on-sale income is definitely something that is in the cards for us. So we are holding more government guarantees on our books. Some of them we're setting them up and then selling them into the market. But with that said, I think you'll see a mix and a change going forward. Also, the C&I LA business is now on our books. That's going to add to net interest income while its incubation period as well. So yes, there'll be a bit of a change. I think that people that invest in our organization should be investing not quarter to quarter, but should be looking at the business model, looking at the technology, looking at what we do differently and figuring how in effect these things that we have put into place and are working would be extremely attractive in a bigger customer base that we acquire organically as well as possibly other things down the road. Timothy Switzer: Okay. Can you talk about with the ALP loans, have there been any benefits now that you're originating them through the bank? And what are the challenges with that? Barry R. Sloane: Well, one of the challenges, Tim, I try to be as transparent as possible. With rates at these levels, it certainly makes it a little harder. I think businesses are a little bit more reluctant to take it. But the good news is these loans are well underwritten. They have good debt service coverage, strong guarantors, and they actually fit well in the banking environment. Timothy Switzer: Okay, are you planning to still do some more securitizations and any update on size for Q4? Barry R. Sloane: Yes, we will do a securitization out of the bank. And, you know, I think that securitization size will be, I'm going to say, between $300 million to $400 million. Timothy Switzer: Okay, that's helpful. And then on credit, I'm looking at your call report and it looks like really good improvement in the net charge-off rates. That's good to see. But NPL were up a little bit and it seemed like a lot of it was on the guaranteed loan balance for a lot of loans. Can you provide some color on these guaranteed NPLs? Were these loans you repurchased after you previously originated, or were these loans that went NPL after issuance? Whatever color you can provide would be helpful. Barry R. Sloane: Sure. And I appreciate the question, Tim. When you do a 7(a) loan and you sell it in the secondary market, which at points in time in our career and history, we've been, you know, as much as 95% of all of our loans got sold to the secondary market. And I believe as of today, we are the second largest lender by volumes and the first by units. Okay? So when you put that into the market, you know, these are credits as defined by the SBA's SOP that are technically not bankable, meaning that without the guarantee and not the program, you wouldn't be able to make the loan. So the guarantee provides a significant amount of the credit support. However, when you have situations where those loans go bad and there's a lot of sensitivity in the market today, that has to get bought out. So either the government buys it out or we buy it out. And we have chosen to be more aggressive in those buyouts that's helpful to our partnership with the SBA. And what we then wind up doing in many cases, and this gets really into the weeds of when a loan should be bought or not, you could have a situation where the loan might be in bankruptcy, but it's still in that bad category and they have to get worked out and there's partial payments or things of that nature. We've made decisions to increase that purchase rate, which helps the partnership with the government agency. Timothy Switzer: Okay, interesting. And is the guarantee on that portion of the loan still covered by the government if it goes bad or some of these loans you might need to pay for a long time? Barry R. Sloane: No, no, no. Guaranteed participation certificate. The government guarantee is still on it when we buy it back. Subject only to repair and denial, which we have reserves on our books for. Timothy Switzer: Okay. All right. Understood. Thank you, Barry. Operator: Our next question is from Joe Yanchunis from Raymond James. Joseph Yanchunis: I wanted to follow up on Tim's last line of questioning there. And I might have just missed this and could get it in the transcript. Can you go back through the rationale versus buying out the problem loan versus having the government buy it back? And I guess, have you ever had a government guarantee on your books that was removed? Barry R. Sloane: Only in the case of what I would call a repair and denial, and that's been historic, and we have reserves for that based upon the history. But Joe, what you're asking is, and I can be honest with you, it's a little incredible to me, and I'm not being a jerk on this, there's other top five lenders in the United States that have this. Just look at their call reports. So this is not new, and it's not something that hasn't been done probably for 25 years. It's just something that we've historically not done much of, but at this point in time, our view of this is we have a joint relationship with the SBA. We're putting this on our books. These are government guaranteed obligations and the guarantee's good. Joseph Yanchunis: All right, well that horse has been beat. So you mentioned that, you know, what Newtek has built from a technology standpoint could be valuable to, you know, other institutions if they were to put it in their own infrastructure. How realistic is it to outsource, you know, a white-labeled, your NewTracker or Newtek Advantage, other banks? And can you talk through some of that opportunity? Barry R. Sloane: Yes, we have opportunities in the pipeline now that we're working on with some material players. In addition, when you look at the business model, which is to utilize non-branches, non-brokers, no BDOs, no bankers, and to be able to outreach to an existing book of SMBs in a large bank's portfolio, much more cost effective on camera, with this technology to be able to effortlessly take a payroll app, take a merchant app, take loan app, take a line of credit out. This is a big deal and we don't believe we've been given. It's different. And once again, I don't believe there's anybody else doing what we're doing. So there's no, I get asked all the time, where's the comp? Well, there isn't any. Okay, except that based upon the conversations I'm having, everybody wants to go in this direction. Everybody wants to go in an automated manner. And we're using AI tools particularly in gathering the data, putting the apps together. Human beings are still reviewing everything, but we're taking the mundane tasks out of it. So we think it's very realistic. However, as you can imagine, Joe, change occurs in this world at slow rates, particularly when you're dealing with other financial institutions. But we have been at this for a while. We're getting good traction. I will tell you, our referral system, we get 600 to 800 referrals a day, is kind of predicated on these types of relationships. That's like putting your toe or your ankle in the water. Joseph Yanchunis: Got it, I appreciate that. Certainly exciting. It will be something to monitor from our perspective. So can you talk about what was in the other income bucket on the P&L? It looked to be abnormally large and just curious what drove that increase and the sustainability kind of behind that line item. Barry R. Sloane: All right, now I pass the baton to Frank. Frank. Frank DeMaria: Thanks, Joe. So we did, with the securitization, we did see some increased payoffs and paydowns in the securitization, as you saw on that slide with the loans kind of getting paid down. So that's what drove that little bit of an increase that you're seeing quarter-over-quarter and especially year-over-year in that line item. So it's mainly due to the loan paydowns on the securitizations. Joseph Yanchunis: So should that normalize in future quarters back to a more historical norm or would you remain-- Frank DeMaria: Yes, I would anticipate that to normalize. I don't anticipate to remain elevated. Joseph Yanchunis: Got it. All right. Well, thanks, gentlemen, for taking my questions. Operator: Our next question is from Crispin Love with Piper Sandler. Benjamin Graham: Hey, good afternoon. This is Ben Graham in for Crispin Love. I'm just wondering if you could give some background on the $15 million loan to Simad Holdings, the company that operates summer camps in light of their June bankruptcy. Seems like a big loan for Newtek. And I would just be interested to hear the background of the sourcing, underwriting, and then any recent updates on that loan. And lastly, where that loan was marked at March 31 versus now, if you could give color on that. Thank you. Barry R. Sloane: Sure. That loan is in a securitization. I believe it's in one of our prior securitizations. So it is sitting in that. Now the loan has seven or eight camps collateralizing the loan as collateral that is outside of the camps in a lot of different categories. And I believe the fair value of the collateral, I believe it's somewhere in, I don't want to guess, but it covers the loan amount. That loan is in bankruptcy. As you're aware based upon public information, those camps are being sold, those camps are operating, those camps are cash flowing generally speaking. And I don't have the exact mark on that, but I would believe that we will have full recovery. I am familiar with the loan. I believe we'll have full recovery on the loan. Benjamin Graham: Awesome. Thanks so much for the color there. That's all I had, so I'll step back, but thank you so much. Barry R. Sloane: That's the key to having, I can't tell you for sure, because there's a bankruptcy going on here, but it's important to have good cash flow on the businesses which are still operating, and liens. In this case, there's liens that are outside of the camps. It's on other assets. Benjamin Graham: Got it. Thank you so much. Operator: Our next question is from Hal Goetsch with B. Riley Securities. Harold Goetsch: Hey Barry, just you know with maybe holding more loans in the books, is this putting more pressure on your deposit franchise and gathering deposits? Could you comment on that for a moment? Barry R. Sloane: So Frank, I believe as of this date or recent days our deposits are over $500 million. Frank DeMaria: Our cash that we're holding at the Federal Reserve. Barry R. Sloane: Sorry. Frank DeMaria: Yes. Barry R. Sloane: Cash at the Fed, right? Frank DeMaria: Yes. That's correct. Barry R. Sloane: So Hal, we're pretty liquid. It's indicative of A, our view on where rates are, and B, I want to be a little careful here. We believe I'll have good use for the money. Well, why are we good at acquiring deposits? We're good at acquiring deposits, so if you go look at our Trustpilot scores in the bank and in the holdco, it's 4.6 to 4.9. Jennifer Merritt and her team, fabulous job. We have a gentleman, Rodney Becerra reports to Andrew Kaplan, Chief Strategy Officer, Client Success and Services. We're talking to our customers and we answer their questions and we're available on demand. So service is extremely important. Because we have a very low cost of acquisition, we're able to pay the client a fair rate. So we don't need branches. I don't need bankers taking people out to the Masters. As you can see from our insured deposits, which are north of 80%, these are retail deposits. They don't move around that much, particularly in a high-yield savings account. Yes, it might be a high rate, but money sits there, they're not moving it, they're not calling up people, they're not transacting. So we really like our strategy for deposit acquisition. Matter of fact, the brethren, the industry, would actually calculate the expense that they pay to go acquire the deposits and service the deposits, they would probably be very interested in our digital account opening and the way we wind up servicing our customers. That's a very good question. We have, knock wood, been very good in this particular area. Harold Goetsch: Okay. And, you know, with the commentary in the press release on your guidance going forward being re-evaluated, what kind of timeline you could get back to that guidance at some point or, can you give us kind of a path to like more visibility on that? Barry R. Sloane: Yes, I know I just gave all you guys heartburn. I'm sorry. I think we're going to be looking at, I'm going to say, a 45-day window, give or take, maybe 60. We have to do a lot of calculation. We've shifted a lot of things around. I also want to point out that although we've historically not been an SBA Express lender, I think we're going to go toward that model where you're able to get a much more generous rate which makes it beneficial to hold on our balance sheet. I think it's up for the really small loans, it goes up to prime plus 6.5% and up to $500,000 I think it's prime plus 4.5%. So you still get obviously the government guarantee with it, it's a smaller guarantee, but at the end of the day, we've got to do a lot of number crunching. These are decisions we've pretty much made more recently. So we do need to crunch some numbers. I realize we've given you some heartburn here but we're not really trading in crazy market multiples, although some people might think they're crazy, but you can interpret that both ways. I don't want to get yelled at by my chief legal officer. Operator: [Operator Instructions] Our next question is from Christopher Nolan from Ladenburg Thalmann. Christopher Nolan: Hey, guys. Frank, why did the NIM contract so much in the quarter? And NIM at the holding company? Frank DeMaria: And NIM at the holding company? Christopher Nolan: Yes. Frank DeMaria: Well, we're moving most of the operations into the bank. So you're seeing that expansion at the bank. So you're having less income generating operations up at the holding company while we still have some assets, as you know, left up there, as well as some of the debt that we are paying down, as you've seen, quarter-to-quarter, which is a little bit more expensive debt than you see typically on the deposits, hence the shift in the operations. So with everything moving into the bank, that's really driving the compression. Barry R. Sloane: Yes. And Frank and Chris, I got to add one other thing to that. When you do securitizations at the holding company, which we've done historically, there's a lot of interest income that is now folded into the securitization. So it doesn't show up in the NIM. So we have fewer and fewer loans with just interest coming in at the holdco. And a lot of that has been converted into a spread in the ownership certificates at the holding company. Christopher Nolan: So is it fair to say in terms of part of the strategy to move more of the activity to the bank is to capture more what is gain income as net interest income, which bank investors generally prefer and thus hopefully improve the stock trading multiple? Barry R. Sloane: Well, I think, and I can't answer the last part of it, Chris, but what I can tell you is that we have a lot of staff down in the bank, and by putting things like payroll in the bank, and maybe other things in the future. We want to be methodical. We want to give our regulatory agencies that we have a good relationship with, comfort that we could manage these things. So certainly by doing the lending out of the bank, it's tremendously advantageous, particularly based upon the cost of the deposits and things of that nature. By putting payroll into the bank, which really is a core function for any business, it ties right into the operator, ties right into the loans, helps you control the situation. You can see, are they making payroll? Are they balancing payroll? It's incredibly valuable. So having less activities at the holding company and more down in the bank is definitely of interest to us. Yes. Christopher Nolan: As a final question, Barry, on the move to the bank, does that give you any flexibility on capital ratios at all? Barry R. Sloane: I think I'd pass on that question, but you can see what the ratios are and I would say they're competitive and a well-capitalized market. No, I think they've actually been a good partner with us in terms of working with us, educating us, helping us really develop a bank that's safe and sound. So, no, we've been appreciative of that relationship. Christopher Nolan: Great. Thanks for taking my questions, and I appreciate the more expedited format of the call. Good job. Barry R. Sloane: It took him three and a half years, but eventually we listened, Chris. Christopher Nolan: You're getting there, Barry. Sounds good. Thank you. Operator: I am showing no further questions at this time, so I'd like to turn it back to Barry Sloane for closing remarks. Barry R. Sloane: We're extremely thankful for the thoughtful questions and the work the analysts put into our business and business model. We look forward to keeping our head down, plowing ahead, and really doing a great job for our clients, the small to medium-sized business customer in the United States that is a major driver of the U.S. economy, employment, and also helps our shareholders. Thank you very much. Operator: Thank you for your participation in today's conference. This does conclude the program, so you may now disconnect. Before you buy stock in NewtekOne, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and NewtekOne wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $400,209!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,375,393!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 13, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Newtek (NEWT) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Interested in NewtekOne, Inc.? Here are five stocks we like better. NewtekOne is shifting toward recurring net interest income by retaining more SBA 7(a) and commercial-and-industrial loans on Newtek Bank’s balance sheet, potentially reducing near-term gain-on-sale revenue. Management expects greater clarity on the impact to its outlook within 45–60 days. Newtek Bank’s net interest income rose to $25 million from $16.2 million year over year, while deposits reached $2.2 billion, up from $142 million over 14 quarters. Management also expects a $300 million–$400 million bank securitization in the fourth quarter. Credit provisions increased despite lower net charge-offs, with 89% of the allowance for credit losses allocated to unguaranteed SBA 7(a) exposure. Management is diversifying the loan portfolio as uninsured SBA 7(a) balances declined to about 42% from nearly 50%. NewtekOne (NASDAQ:NEWT) reported second-quarter 2026 earnings per share between $0.47 and $0.48 on a diluted and basic basis, respectively, as the company continued shifting more lending and operating activity into Newtek Bank. President and CEO Barry Sloane said the company is emphasizing recurring net interest income, balance-sheet growth and tangible book value growth as it evolves from a business model more reliant on gain-on-sale revenue. He described the strategy as a move toward holding more loans at the bank, including certain SBA 7(a) loans and commercial-and-industrial long-amortization loans, before potential sale or securitization. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth “Going forward as we transform, you will see a little bit less gain on sale, more net interest income, more use of the balance sheet and the portfolio,” Sloane said. Newtek Bank’s net interest income increased to $25 million in the second quarter of 2026 from $16.2 million in the year-earlier period, according to Sloane. He said the bank’s net interest margin benefited from holding more SBA 7(a) loans and C&I loans on its balance sheet. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High The company said it has been moving its C&I long-amortization lending operation into the bank, where the loans will contribute net interest income while they are accumulated for future securitizations. Sloane said NewtekOne expects to complete a bank securitization of between $300 million and $400 million, though he did not provide a firm timeline beyond identifying the fourth quarter during the discussion. Chief Financial Officer Frank DeMaria said the holding company’s net interest margin contracted as activities and income-generating operations shifted to the bank. He also cited the impact of holding-company debt and the treatment of interest income from securitized loans. → Ulta's Growth Is Real, But So Are the Risks NewtekOne’s pre-provision net revenue grew in absolute dollars with balance-sheet growth, DeMaria said, although it declined to 4.22% of average assets from 5.25% a year earlier. He said the figure remained above an industry average below 2%. Sloane highlighted continued deposit growth through the company’s digital account-opening platform. Deposits have grown from $142 million to $2.2 billion over 14 quarters, he said. Non-affiliate deposits increased by $15 million during the quarter, while core consumer deposits increased by $297 million. The company reported approximately 40,000 deposit accounts, with 81% of accounts insured below the $250,000 threshold. Its loan-to-deposit ratio was about 90%, according to management. Sloane said NewtekOne’s tangible book value per share has risen 75.3% over 12 quarters since its conversion to a technology-enabled financial holding company structure. He also pointed to operating leverage, saying assets increased 50% while expenses rose 3.6%. When asked whether retaining more loans would pressure the company’s deposit-gathering capabilities, Sloane said the bank remained liquid and held more than $500 million of cash at the Federal Reserve. He attributed deposit growth to the company’s digital acquisition model, customer service and low acquisition costs. Management said provisions for credit losses increased during the quarter while net charge-offs declined. Sloane acknowledged that 30-day past-due loans increased, but said the bank’s portfolio is relatively new and is still progressing through the period in which loans most commonly default. DeMaria said approximately 89% of the company’s allowance for credit losses was allocated to the unguaranteed portions of SBA 7(a) loans. The allowance coverage ratio for that portion of the portfolio was 8.56%, reflecting the higher expected loss characteristics of those loans. Sloane said NewtekOne’s allowance for credit losses equaled 5.31% of unguaranteed loans, or 4.14% excluding government-guaranteed loans in nonaccrual status. He said the company is seeking to diversify its portfolio, with uninsured SBA 7(a) balances representing about 42% of the book, down from nearly 50%. Addressing analyst questions about nonperforming government-guaranteed SBA loans, Sloane said the company has become more aggressive in repurchasing certain guaranteed participation certificates from the secondary market. The government guarantee remains in place on those loans, subject to repairs and denials for which the company maintains reserves, he said. Sloane said retaining more government-guaranteed SBA loans could reduce near-term gain-on-sale revenue before additional interest income builds over time. He said the company was evaluating the effect of those changes on its outlook and expected to have greater clarity within roughly 45 to 60 days. Management also said it may expand its use of SBA Express lending, which Sloane said can offer more favorable pricing for smaller loans while retaining a government guarantee. Separately, DeMaria said elevated other income in the quarter was primarily driven by increased loan payoffs and paydowns in the company’s securitizations. He said he expects that income category to normalize in future periods. Sloane also said NewtekOne is discussing potential opportunities with financial institutions that could use its technology and digital business-banking capabilities. He said the company’s platforms support digital account opening, payments, lending applications, payroll, merchant services and customer relationship management for small and medium-sized businesses. NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients. The company's core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "NewtekOne Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

This article first appeared on GuruFocus. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NewtekOne Inc (NASDAQ:NEWT) reported strong quarterly earnings within the range of $0.48 to $0.47 per share, with tangible book value growing 75.3% over the past 12 quarters since its conversion to a financial holding company. The company achieved significant operating leverage, with asset growth of 50% while expenses only increased 3.6%, and maintained a strong return on average assets (ROA) of 2% at the holding company level. Deposit gathering has been highly successful, with non-affiliate deposits growing from $142 million to $2.2 billion over 14 quarters, and core consumer deposits increasing by $297 million in the quarter, with 81% of accounts insured under the $250,000 limit. Net interest income at the bank grew substantially to $25 million in Q2 2026 from $16.2 million in Q2 2025, driven by holding more SBA 7A loans and the C&I lending business, which is expected to provide a more stable and recurring income stream. The company's securitization business is performing well, with over-collateralization growing by $11-14 million across its active deals, and the company has a strong track record of 17 securitizations with no credit watch or downgrades. NewtekOne Inc (NASDAQ:NEWT) is exploring strategic opportunities to license its technology platform (NewTracker, Newtek Advantage) to other financial institutions, which could open new revenue streams and validate its innovative business model. The company has withdrawn its previous EPS guidance of $7.9-$8.9 for Q4 2026, citing a strategic shift to hold more loans on its balance sheet, which will reduce gain-on-sale income in the near term and create uncertainty for investors. Net interest margin (NIM) contracted in the quarter due to the shift of operations to the bank and the impact of securitizations at the holding company, which may pressure profitability metrics in the short term. Non-performing loans (NPLs) increased, particularly in the guaranteed SBA loan portfolio, as the company has chosen to be more aggressive in buying back problem loans from the secondary market, which could increase credit risk and require higher reserves. The company's allowance for credit losses (ACL) coverage ratio on unguaranteed SBA 7A loans is elevated at 8.56%, reflecting higher loss characteristics, and 30-day past due loans are increasing as the portfolio matures, indicating potential credit quality challenges. The $15 million loan to Saatt Holdings (summer camps operator) is in bankruptcy, and while management expects full recovery, the situation introduces uncertainty and highlights the risks inherent in the SMB lending space. The company's stock trades at a low multiple of 5.5-6 times earnings compared to the banking industry's 9-11 times, and management acknowledged that the shift to more net interest income may not immediately improve the valuation, leaving shareholders with limited near-term upside. Warning! GuruFocus has detected 11 Warning Signs with NEWT. Is NEWT fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide more color on the strategy of holding more guaranteed portions of SBA loans on the balance sheet, and what is the near-term and longer-term impact on guidance?A: Barry Sloan (President and CEO) explained that the shift is driven by a desire to grow net interest income, which is viewed as more stable and long-term, rather than relying heavily on gain-on-sale income. He acknowledged this could affect headline EPS in the next couple of quarters but believes it will lead to a more stable income stream and potentially a higher P/E multiple, as the market tends to value recurring interest income more favorably. He emphasized that the company is "putting its toe in the water" and will continue to evaluate the mix. Q: With the strategy to hold more loans, is there increased pressure on the deposit franchise, and how are you managing deposit gathering?A: Barry Sloan (President and CEO) stated that the company is highly liquid, with over $500 million in cash at the Federal Reserve. He highlighted the efficiency of their digital account opening and low-cost acquisition model, which allows them to pay fair rates to clients. He noted that over 80% of deposits are insured and are sticky retail deposits, which do not move around much, making their deposit strategy robust and not a constraint on loan growth. Q: Can you provide background on the $15 million loan to Saatt Holdings, which operates summer camps and filed for bankruptcy, including the sourcing, underwriting, and current mark?A: Barry Sloan (President and CEO) confirmed the loan is in one of their prior securitizations. He stated that the loan is collateralized by 7 or 8 camps and other assets outside the camps, with a fair value of collateral that covers the loan amount. While the loan is in bankruptcy, the camps are operating and cash-flowing, and he believes there will be a full recovery on the loan. Q: Why did the net interest margin (NIM) contract so much at the holding company in the quarter?A: Frank DiMaria (EVP and CFO) explained that the compression is due to the strategic shift of moving most operations into the bank. The holding company still holds some assets and more expensive debt, while the bank is experiencing NIM expansion. Barry Sloan added that securitizations at the holding company now fold interest income into the securitization structure, so it no longer shows up in the NIM, contributing to the compression. Q: Is it fair to say that part of the strategy to move more activity to the bank is to capture more gain-on-sale income as net interest income, which bank investors prefer, and to improve the stock's trading multiple?A: Barry Sloan (President and CEO) confirmed that moving activities like lending and payroll into the bank is advantageous due to lower deposit costs and operational synergies. He noted that having fewer activities at the holding company and more in the bank is of interest, as it provides a more stable and preferred income stream. He did not directly comment on the stock multiple but implied the strategy aims to align with what bank investors value. Q: Can you elaborate on the rationale for buying out problem loans versus having the government buy them back, and have you ever had a government guarantee removed?A: Barry Sloan (President and CEO) explained that they have chosen to be more aggressive in buying out problem loans to strengthen their partnership with the SBA. He noted that the government guarantee remains on the loans when bought back, subject only to repair and denial, for which they hold reserves. He clarified that this practice is not new and is done by other top SBA lenders, but it is something they have historically done less of. Q: How realistic is it to outsource or white-label your technology, such as NewTracker and Newtek Advantage, to other banks, and what is the opportunity?A: Barry Sloan (President and CEO) stated that they have opportunities in the pipeline with material players. He highlighted that their technology allows large banks to cost-effectively reach their existing SMB customer base with non-PO bankers, offering payroll, merchant services, and loans. He acknowledged that change is slow in the financial industry but expressed confidence in the traction they are gaining, noting they receive 600 to 800 referrals a day. Q: What drove the abnormally large "other income" bucket on the P&L, and is it sustainable?A: Frank DiMaria (EVP and CFO) attributed the increase to higher payoffs and paydowns in the securitizations, which drove gains. He anticipated that this line item would normalize in future quarters and not remain elevated. Q: With the recent shift in strategy, what is the timeline for providing updated guidance or more visibility?A: Barry Sloan (President and CEO) indicated that they are looking at a 45 to 60-day window to provide updated guidance. He noted that they have made recent decisions to shift more loans to the balance sheet and are considering becoming an SBA Express lender, which offers more generous rates, but they need time to crunch the numbers and finalize their projections. Q: Does moving more operations into the bank provide any flexibility on capital ratios?A: Barry Sloan (President and CEO) deferred the question, stating that their capital ratios are competitive and well-capitalized. He emphasized that they have a good relationship with their regulators, who have been partners in helping them develop a safe and sound bank, but he did not indicate any specific flexibility gained from the move. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

For the quarter ended June 2026, NewtekOne (NEWT) reported revenue of $75.08 million, up 7% over the same period last year. EPS came in at $0.47, compared to $0.52 in the year-ago quarter. The reported revenue represents a surprise of +0.15% over the Zacks Consensus Estimate of $74.97 million. With the consensus EPS estimate being $0.46, the EPS surprise was +2.17%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how NewtekOne performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 58.4% compared to the 59.8% average estimate based on two analysts. Total noninterest income: $60.12 million versus $57.31 million estimated by three analysts on average. Net interest income: $14.96 million compared to the $17.65 million average estimate based on three analysts. Noninterest income- Servicing income: $5 million versus $5.62 million estimated by two analysts on average. Noninterest income- Net gains on sales of loans: $11.23 million compared to the $17.82 million average estimate based on two analysts. Noninterest income- Electronic payment processing income: $10.85 million compared to the $11.54 million average estimate based on two analysts. Noninterest income- Other noninterest income: $15.14 million versus $9.13 million estimated by two analysts on average. Noninterest income- Net loss on loan servicing assets: $-5.25 million compared to the $-6.35 million average estimate based on two analysts. Noninterest income- Dividend income: $0.49 million versus the two-analyst average estimate of $0.42 million. Noninterest income- Net gain (loss) on loans under the fair value option: $20.65 million versus $18.6 million estimated by two analysts on average. View all Key Company Metrics for NewtekOne here>>> Shares of NewtekOne have returned +7.6% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NewtekOne, Inc. (NEWT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

NewtekOne (NEWT) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.17%. A quarter ago, it was expected that this provider of financial and business services to small-and medium-sized business would post earnings of $0.43 per share when it actually produced earnings of $0.43, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. NewtekOne, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $75.08 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.15%. This compares to year-ago revenues of $70.2 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. NewtekOne shares have added about 33.3% since the beginning of the year versus the S&P 500's gain of 12.8%. While NewtekOne has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for NewtekOne was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.59 on $79.48 million in revenues for the coming quarter and $2.36 on $318.9 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Canaan (CAN), another stock in the same industry, has yet to report results for the quarter ended June 2026. This cryptocurrency-mining computer maker is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of -233.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Canaan's revenues are expected to be $40.09 million, down 60% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NewtekOne, Inc. (NEWT) : Free Stock Analysis Report Canaan Inc. Sponsored ADR (CAN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.78%. A quarter ago, it was expected that this specialty finance company would post earnings of $0.36 per share when it actually produced earnings of $0.38, delivering a surprise of +5.56%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Oaktree Specialty Lending, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $69.43 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.26%. This compares to year-ago revenues of $75.27 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Oaktree Specialty Lending shares have lost about 4.8% since the beginning of the year versus the S&P 500's gain of 13%. While Oaktree Specialty Lending has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Oaktree Specialty Lending was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.34 on $70.29 million in revenues for the coming quarter and $1.50 on $285.39 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, NewtekOne (NEWT), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This provider of financial and business services to small-and medium-sized business is expected to post quarterly earnings of $0.46 per share in its upcoming report, which represents a year-over-year change of -11.5%. The consensus EPS estimate for the quarter has been revised 4.3% lower over the last 30 days to the current level. NewtekOne's revenues are expected to be $74.97 million, up 6.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oaktree Specialty Lending Corp. (OCSL) : Free Stock Analysis Report NewtekOne, Inc. (NEWT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

BOCA RATON, Fla., July 27, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne”) (NASDAQ: NEWT) will report its second quarter 2026 financial results after the market closes on Thursday, August 6, 2026. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, and Frank M. DeMaria, Chief Financial Officer, at 4:30 pm ET on Thursday, August 6, 2026. Please note, to receive a dial-in number for the conference call or to listen to the webcast, interested participants are encouraged to pre-register online at NewtekOne Second Quarter 2026 Financial Results beginning today and up until 15 minutes prior to the start of the August 6, 2026 conference call in order to reserve a listening position on the call. Concurrent with the release of 2Q26 financial results, a corresponding earnings presentation will be posted in the ‘Event & Presentations’ section of the Investor Relations portion of NewtekOne’s website at NewtekOne Second Quarter 2026 Financial Results. A replay of the call with the corresponding presentation will be available on NewtekOne’s website shortly after the live presentation and will be available for a period of one year. About NewtekOne, Inc. NewtekOne®, Your Business Solutions Company®, is a financial holding company, which, along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk. NewtekOne’s and its subsidiaries’ business and financial solutions include: Banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com) Newtek®, NewtekOne®, Newtek Bank®, National Association, Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage® are registered trademarks of NewtekOne, Inc. Note Regarding Forward-Looking StatementsCertain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. SOURCE: NewtekOne, Inc. Investor Relations & Public RelationsContact: Bryce Rowe (212) 273-8292 / [email protected]

Wall Street expects a year-over-year decline in earnings on higher revenues when NewtekOne (NEWT) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This provider of financial and business services to small-and medium-sized business is expected to post quarterly earnings of $0.46 per share in its upcoming report, which represents a year-over-year change of -11.5%. Revenues are expected to be $75.97 million, up 8.2% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For NewtekOne, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.44%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that NewtekOne will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that NewtekOne would post earnings of $0.43 per share when it actually produced earnings of $0.43, delivering no surprise. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. NewtekOne appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Another stock from the Zacks Financial - Miscellaneous Services industry, American Express (AXP), is soon expected to post earnings of $4.4 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +7.8%. Revenues for the quarter are expected to be $19.62 billion, up 9.9% from the year-ago quarter. The consensus EPS estimate for American Express has been revised 0.2% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.61%. This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that American Express will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NewtekOne, Inc. (NEWT) : Free Stock Analysis Report American Express Company (AXP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. NewtekOne’s analyst narrative has just been refreshed around a slightly lower fair value target, with the modeled price moving from $16.75 to $16.50. That small reset lines up with recent commentary that blends updated assumptions with a cautious, measured view on how the story is evolving. Read on to see how you can track these shifts and what to watch as the narrative continues to develop. Stay updated as the Fair Value for NewtekOne shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on NewtekOne. Keefe Bruyette recently lifted its price target for NewtekOne by $1, which signals that the firm’s updated assumptions still support a constructive view on the stock’s valuation. Piper Sandler also raised its price target by $1, suggesting that its refreshed model continues to see room for value creation as the company executes on its business plan. With two separate firms revisiting their targets, the stock is clearly on the radar of research desks that are willing to revisit their expectations rather than leaving models unchanged. Even with price targets moving higher, the adjustments from both Keefe Bruyette and Piper Sandler are incremental. This signals a more measured stance rather than an aggressive re-rating. The limited volume of published research in the source set means you should treat these views as useful inputs, not as a broad consensus across the analyst community. Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives! We've flagged 2 risks for NewtekOne. See which could impact your investment. The fair value target moved from US$16.75 to US$16.50 based on updated model assumptions. The revenue growth forecast shifted from a 2.24% decline to a 9.37% decline. The net profit margin outlook moved from 21.04% to 28.16%. The future P/E assumption moved from 9.63x to 8.66x. The discount rate was adjusted from 7.35% to 7.31%. Narratives link a company's story to a financial forecast and fair value, so you can see how business drivers connect to the numbers. They are refreshed when analysts update assumptions, guidance, or risk views. Head over to the Simply Wall St Community and follow the Narrative on NewtekOne to stay up to date on: How NewtekOne's fully digital, branchless platform for small and medium sized businesses ties together banking, payments, payroll, and lending to support operating efficiency and customer stickiness. Why analysts see supportive trends in small business formation and SME banking preferences as important context for loan origination volumes and deposit funding. The key risks from reliance on SBA 7(a) and government guaranteed lending, rising fintech and big tech competition, and the potential impact of higher interest rates on borrowing demand and funding costs. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NEWT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]