NewtekOne Q1 2026 Earnings Release with Strong EPS Growth

NewtekOne, Inc. reported strong financial results for the first quarter ended March 31, 2026, with basic and diluted earnings per share of $0.43, representing year-over-year growth of 19.4% and 22.9% respectively. The company achieved net interest income of $17.2 million, a 23.6% increase from the prior year, and net income before taxes of approximately $17.1 million, up 46.7% year-over-year. Key highlights include significant deposit growth, with Newtek Bank's deposits nearly doubling year-over-year to $1.9 billion, and the successful completion of a $295 million securitization backed by Alternative Loan Program loans. The company also retired $95 million of fixed rate senior unsecured notes and demonstrated robust loan origination across multiple product lines. CEO Barry Sloane expressed confidence in the company's 2026 EPS guidance range of $2.15-$2.55 and established a 2027 target of 10% EPS growth, implying a range of $2.40-$2.80.