NEWT
NewtekOne, Inc.12.09
+0.27+2.28%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Deposit mechanics revealed in Q&A
Q&A unpacked deposit surge mechanics, spotlighting auto-populated accounts from loan data and mandatory payments via Newtek accounts—cementing low-cost funding. Flat SBA gains stemmed from citizenship rules, MCA refinance bans, and SBSS shifts, but management highlighted underwriting superiority over scrambling fintechs. Business confidence stays solid in K-shaped economy; ALP volumes eyed for scale leverage. Expenses controlled amid biz dev hires. Answers largely reaffirmed prepared remarks. Deposits lock in growth.
Key Stats
Market Cap
349.25MP/E (TTM)
5.40Basic EPS (TTM)
2.24Dividend Yield
0.06%Recent Filings
8-K
ATM sales agreement signed
NewtekOne inked a Securities Distribution Agreement on March 13, 2026, with B. Riley Securities, Compass Point, and Roth Capital to sell up to $50,000,000 of its 8.50% 2029 Notes, 8.625% 2029 Notes, 2031 Notes, and Depositary Shares via at-the-market offerings. Effective March 12, it taps Nasdaq and other markets for flexible capital raises. No sales yet.
8-K
Declares common, preferred dividends
10-K
FY2025 results
NewtekOne delivered FY2025 results with $767.8M SBA 7(a) originations, down from $943.0M in 2024 due to Q4 government shutdown impacts, yet Q4 saw stronger sequential momentum as Newtek Bank ranked third nationally by approvals. Deposits surged to $1.4B, fueling loan growth to $2.1B total, while net income hit $60.5M amid $47.6M gains on loan sales at 111.1% premiums and $30.0M from ALP securitization residuals. Q4 accelerated with longer guaranteed portion holds boosting fair value gains, though provisions rose to $38.7M on seasoning nonaccruals. Liquidity stays robust at $387M; buybacks nibbled 143 shares. Banking regs could crimp quarterly lending flow.
8-K
Closes $15M note offering
NewtekOne completed a $15.0 million exempt offering of its 8.375% unsecured note due March 1, 2033, netting $14.9 million for general corporate purposes. Interest pays semiannually at 8.375%, starting August 1, 2026; redeemable at make-whole pre-January 1, 2033. It ranks equal with other unsecured debt. Funds bolster liquidity.
8-K
Board adds banking veteran
NewtekOne expanded its board from seven to eight directors, electing Thomas Cestare as a Class I director effective January 27, 2026, with his term expiring in 2027. Cestare, a Patriot Financial Partners partner and Newtek Bank board member with 35 years in banking, joins the Audit Committee. No special arrangements; standard director fees apply. Ties to prior Patriot exchange.
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