NewtekOne (NASDAQ:NEWT) Announces Quarterly Earnings Results, Hits Expectations

Posted by Brenda Bartman on Aug 6th, 2026

NewtekOne (NASDAQ:NEWT – Get Free Report) announced its quarterly earnings data on Thursday. The business services provider reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47, FiscalAI reports. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The business had revenue of $90.05 million for the quarter, compared to analysts’ expectations of $75.00 million.

Here are the key takeaways from NewtekOne’s conference call:

Second-quarter EPS was $0.48 basic and $0.47 diluted, while tangible book value continued to grow; management highlighted 75.3% tangible book value per-share growth over the 12 quarters since the bank-holding-company conversion.
Deposits reached approximately $2.2 billion, with core consumer deposits increasing by $297 million during the quarter and 81% of deposit accounts insured below the $250,000 threshold. Management cited low-cost digital account acquisition and sticky deposits as key advantages.
Newtek plans to hold more SBA-guaranteed and C&I loans on the bank’s balance sheet, shifting revenue from gain-on-sale income toward net interest income. Executives acknowledged this could pressure headline EPS over the next several quarters, and guidance is being reevaluated over the next 45 to 60 days.
Credit metrics were mixed: net charge-offs improved, but 30-day delinquencies and guaranteed-loan nonperforming assets increased. Management said reserves remain appropriate, with 89% of the allowance for credit losses allocated to unguaranteed SBA 7(a) loans, and expects full recovery on the $15 million Simad Holdings exposure despite its bankruptcy.
Management emphasized its technology platform—including digital onboarding, automated loan processing, real-time payments and the Newtek Advantage portal—as a potential competitive and licensing opportunity. The company said it is pursuing white-label or infrastructure relationships with other financial institutions, although adoption may take time.

NewtekOne Stock Down 1.2%

NEWT stock traded down $0.18 during midday trading on Thursday, hitting $14.95. The company’s stock had a trading volume of 208,370 shares, compared to its average volume of 233,412. The firm’s 50-day moving average is $14.32 and its 200-day moving average is $13.28. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.76. NewtekOne has a 12 month low of $9.59 and a 12 month high of $15.69. The company has a market cap of $431.92 million, a PE ratio of 6.59 and a beta of 1.27.

NewtekOne Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 24th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.76 annualized dividend and a dividend yield of 5.1%. NewtekOne’s dividend payout ratio (DPR) is 33.48%.

Insider Buying and Selling at NewtekOne

In other NewtekOne news, CEO Barry Sloane purchased 11,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $14.21 per share, for a total transaction of $156,310.00. Following the completion of the purchase, the chief executive officer directly owned 1,176,914 shares of the company’s stock, valued at $16,723,947.94. This trade represents a 0.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 19,567 shares of company stock valued at $275,026 in the last three months. 5.90% of the stock is owned by insiders.

Hedge Funds Weigh In On NewtekOne

Hedge funds have recently bought and sold shares of the business. Graham Capital Management L.P. raised its holdings in shares of NewtekOne by 54.0% during the fourth quarter. Graham Capital Management L.P. now owns 33,034 shares of the business services provider’s stock valued at $375,000 after purchasing an additional 11,587 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in NewtekOne by 21.5% in the fourth quarter. Wells Fargo & Company MN now owns 39,082 shares of the business services provider’s stock worth $444,000 after purchasing an additional 6,913 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in NewtekOne by 43.3% in the third quarter. BNP Paribas Financial Markets now owns 21,484 shares of the business services provider’s stock worth $246,000 after purchasing an additional 6,489 shares during the last quarter. Man Group plc grew its position in NewtekOne by 6.1% in the 2nd quarter. Man Group plc now owns 40,138 shares of the business services provider’s stock worth $453,000 after purchasing an additional 2,304 shares during the period. Finally, Rhumbline Advisers grew its position in NewtekOne by 6.1% in the 2nd quarter. Rhumbline Advisers now owns 36,433 shares of the business services provider’s stock worth $411,000 after purchasing an additional 2,108 shares during the period. Hedge funds and other institutional investors own 38.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on NEWT. Raymond James Financial raised NewtekOne to a “hold” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods raised their price objective on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Get Our Latest Analysis on NewtekOne

NewtekOne Company Profile

(Get Free Report)

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.