NewtekOne, Inc.NEWT
▼ NegativeCapitalrelevance
EPS declined year-over-year and forward guidance is being re-evaluated due to a shift toward holding loans on balance sheet.
Impact on stocks 1
Digital Finance & Tokenization
NewtekOne, Inc.NewtekOne, Inc. reported second-quarter 2026 basic and diluted earnings per share of $0.48 and $0.47, respectively, compared with $0.53 and $0.52 a year earlier, landing within its guidance range of $0.42 to $0.52. Book value per common share rose 13.8% year-over-year to $12.64, while tangible book value per common share increased 15.0% to $12.13. Total deposits nearly doubled from a year ago, driven by a 47% rise in non-affiliate business deposits and a 124% surge in core consumer deposits. The company originated $104 million in C&I LA loans, $208 million in SBA 7(a) loans, and $49 million in SBA 504 loans during the quarter. CEO Barry Sloane noted that the business model is evolving toward holding more loans on balance sheet, which will increase net interest income but reduce gain-on-sale revenue, prompting a re-evaluation of forward guidance.
NewtekOne, Inc.EPS declined year-over-year and forward guidance is being re-evaluated due to a shift toward holding loans on balance sheet.