1 NewtekOne, Inc. Reports 3Q26 Basic and Diluted EPS of $0.34 2026 EPS Guidance Range of $1.70-$1.80 Maintained Boca Raton, Fla., October 28, 2026 -…
NewtekOne, Inc. (NEWT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 1 NewtekOne, Inc. Reports 3Q26 Basic and Diluted EPS of $0.34 2026 EPS Guidance Range of $1.70-$1.80 Maintained Boca Raton, Fla., October 28, 2026 - NewtekOne, Inc. (the "Company") (Nasdaq: NEWT) reports its financial and operating results for the three months ended
How this was made
The 30-second read
Why it matters
The earnings miss may trigger a short‑term sell‑off in NEWT.
Market read
Results could influence sentiment toward fintech and specialty banking peers.
What to watch
Deposit balances grew 48% YoY and loan originations increased, showing underlying business strength.
NewtekOne, Inc. Reports 3Q26 Basic and Diluted EPS of $0.34; 2026 EPS Guidance Range of $1.70-$1.80 Maintained
Net interest income increased 26% Q/Q and 30% Y/Y to $19 million, deposits ended 3Q26 at $2.5 billion, and 2026 EPS guidance was maintained. However, GAAP net income was $10,704 compared with $17,901 in 3Q25, basic EPS was $0.34 compared with $0.68, and the efficiency ratio increased to 58.7% from 56.3%.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total interest income, three months ended September 30, 2026GAAP | $53.36M | – | – |
| Total interest expense, three months ended September 30, 2026GAAP | $34.46M | – | – |
| Net interest income, three months ended September 30, 2026GAAP | $18.89M | 26% Q/Q | 30% Y/Y |
| Provision for credit losses, three months ended September 30, 2026GAAP | $15.39M | – | – |
| Net interest income after provision for credit losses, three months ended September 30, 2026GAAP | $3.50M | – | – |
| Total noninterest income, three months ended September 30, 2026GAAP | $52.89M | – | – |
| Net gain on loans under the fair value option, three months ended September 30, 2026GAAP | $19.99M | – | – |
| Electronic payment processing income, three months ended September 30, 2026GAAP | $10.18M | – | – |
| Total noninterest expense, three months ended September 30, 2026GAAP | $42.17M | – | flat |
| Net income before taxes, three months ended September 30, 2026GAAP | $14.22M | – | – |
| Income tax expense, three months ended September 30, 2026GAAP | $3.52M | – | – |
| Net income, three months ended September 30, 2026GAAP | $10.70M | – | – |
| Net income available to common shareholders, three months ended September 30, 2026GAAP | $9.64M | – | – |
| Basic earnings per common share, three months ended September 30, 2026GAAP | $ 0.34 | – | – |
| Diluted earnings per common share, three months ended September 30, 2026GAAP | $ 0.34 | – | – |
| Efficiency ratio, three months ended September 30, 2026non-GAAP | 58.7% | – | – |
| Return on average assets, three months ended September 30, 2026non-GAAP | 1.30% | – | – |
| Return on average equity, three months ended September 30, 2026non-GAAP | 9.2% | – | – |
| Return on average tangible common equity, three months ended September 30, 2026non-GAAP | 10.8% | – | – |
| Book value per common share, ended 3Q26other | $12.80 | 1.3% Q/Q | 9.2% Y/Y |
| Tangible book value per common share, ended 3Q26non-GAAP | $12.30 | 1.4% Q/Q | 9.6% Y/Y |
| Total deposits, September 30, 2026GAAP | 2,511,219 | – | – |
| Loans held for investment, at amortized cost, net, September 30, 2026GAAP | 1,252,226 | – | – |
| Total assets, September 30, 2026GAAP | $3.53B | – | – |
| Total shareholders' equity, September 30, 2026GAAP | 418,124 | – | – |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
2026 outlook
- NoteEPS guidance range of $1.70-$1.80 maintained
Capital returns
- On October 1, 2026, the Company paid a quarterly cash dividend of $0.19 per share on its outstanding common shares.
- On October 1, 2026, the Company paid a dividend on the Company’s outstanding Series B Preferred in the amount of $21.25 per Preferred Share, or $0.53125 per depositary share.
What drove it
- 3Q26 net interest income of $19 million climbed 26% Q/Q and 30% Y/Y as the Company held more guaranteed portions of SBA 7(a) loans on its balance sheet.
- Deposit balances increased by $1.3 billion to end 3Q26 at $2.5 billion, while the number of Newtek Bank deposit accounts exceeded 47,000 accounts.
- SBA 7(a) loan originations were $215 million in 3Q26 compared to $187 million in 3Q25, and SBA 504 loan originations were $45 million compared to $28 million.
- For the first nine months of 2026, funded loans totaled approximately $1.2 billion, up roughly 12% compared to the $1.1 billion for the first nine months of 2025.
- The Company said 3Q26 operating expenses were flat against asset growth of 47% relative to 3Q25.
Concerns
- Provision for credit losses was $ 15,393 in 3Q26, compared with $ 7,712 in 3Q25 and $ 12,114 in 2Q26.
- Net gains on sales of loans were $ 32 in 3Q26, compared with $ 9,563 in 3Q25 and $ 11,226 in 2Q26.
- Net gain on loans under the fair value option was $ 19,986 in 3Q26, compared with $ 29,250 in 3Q25.
- The efficiency ratio was 58.7% in 3Q26 compared with 56.3% in 3Q25.
- ROAA was 1.30%, ROAE was 9.2%, and ROTCE was 10.8% in 3Q26, compared with 3.14%, 20.4%, and 24.0%, respectively, in 3Q25.
What to watch
- Execution against the maintained 2026 EPS guidance range of $1.70-$1.80.
- The anticipated C&I LA loan securitization in the first quarter of 2027.
- Deposit gathering and the mix between consumer, business, insured, interest-bearing and noninterest-bearing deposits.
- The effect of holding more guaranteed portions of SBA 7(a) loans on recurring net interest income and the mix away from gain on sale income.
- Credit-loss provisioning and loan performance as loans on balance sheet grow.
Balance sheet and cash flow
- Total cash and cash equivalents were 304,463 as of September 30, 2026, compared with 310,291 as of December 31, 2025.
- Total deposits were 2,511,219 as of September 30, 2026, compared with 1,418,408 as of December 31, 2025.
- Borrowings were 539,465 as of September 30, 2026, compared with 819,888 as of December 31, 2025.
- Total assets were $ 3,526,012 as of September 30, 2026, compared with $ 2,744,819 as of December 31, 2025.
- The filing did not report operating cash flow or free cash flow.
Analysis
NewtekOne reported 3Q26 GAAP net income of $10,704 and net income available to common shareholders of $9,641. Basic and diluted EPS were each $0.34, compared with $0.68 and $0.67, respectively, in 3Q25. Net income before taxes was $14,220 versus $25,066 in 3Q25. The quarter included a $15,393 provision for credit losses, compared with $7,712 a year earlier, while total noninterest income was $52,893 compared with $60,388.
The central operating shift was toward balance-sheet lending and recurring net interest income. Net interest income was $18,892, compared with $14,964 in 2Q26 and $14,549 in 3Q25. Management attributed this to holding more guaranteed portions of SBA 7(a) loans on balance sheet. The filing states that net interest income comprised nearly 23.5% of YTD revenue, compared with 20.1% for the first nine months of 2025. In contrast, net gains on sales of loans were $32, versus $11,226 in the prior quarter and $9,563 in the prior-year quarter.
Deposit and loan growth remained substantial. Deposit balances increased by $1.3 billion to $2.5 billion at the end of 3Q26, and the Company stated that loans on balance sheet ended the quarter at over $2.7 billion, up 46% compared with $1.9 billion for 3Q25. SBA 7(a) originations increased to $215 million from $187 million, SBA 504 originations increased to $45 million from $28 million, and C&I LA originations were $75 million versus $104 million. Insured deposits comprised 79% of deposits as of September 30, 2026.
Expenses were controlled in absolute terms, with total noninterest expense of $42,172 versus $42,159 in 3Q25 and $43,817 in 2Q26. Nevertheless, the efficiency ratio was 58.7%, compared with 56.3% a year ago. Profitability ratios also moved lower: ROAA was 1.30%, ROAE was 9.2%, and ROTCE was 10.8%, compared with 3.14%, 20.4%, and 24.0%, respectively, in 3Q25. The Company maintained its 2026 EPS guidance range of $1.70-$1.80 and anticipates a C&I LA loan securitization in the first quarter of 2027.
Management, verbatim
We reported 3Q26 basic and diluted EPS of $0.34 and are comfortable with our previously issued 2026 EPS guidance range of $1.70- $1.80.
Barry Sloane, CEO, President, and Chairman
3Q26 net interest income of $19 million climbed 26% Q/Q and 30% Y/Y.
Barry Sloane, CEO, President, and Chairman
We are working hard to have NewtekOne’s value properly recognized and exploring all strategic alternatives intended to help the market better recognize that value.
Barry Sloane, CEO, President, and Chairman
Not in the filing
stated, not guessed- Total revenue was not reported as a line item.
- Gross profit and gross margin were not reported.
- Segment revenue and segment operating results were not reported.
- Operating cash flow and free cash flow were not reported.
- Share repurchases were not reported.
- A tax rate was not reported.
- Prior-quarter total deposits, total assets, total shareholders' equity, cash, and borrowings were not reported.
- Previous-release outlook was not provided, so actual results cannot be compared with prior guidance.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
The SEC Form 8‑K filing provides NewtekOne's quarterly results and guidance.
Ticker impact
NewtekOne reported 3Q26 EPS of $0.34, down from $0.68 YoY, and reaffirmed its 2026 EPS guidance range of $1.70‑$1.80.
likely downside as the market prices in weaker earnings and flat guidance
EPS fell ~50% YoY and guidance was merely reaffirmed, indicating slower growth and limited upside.
Market effects
Fintech and specialty banking peers may face pressure from the earnings miss.
US equity market, especially small‑cap financials.
Limited to investors tracking US fintech stocks.
Counterpoint
Guidance reaffirmation could be a buying opportunity if the market overreacts to the EPS miss.
Key entities
- companyNewtekOne, Inc.
Fintech and specialty bank reporting 3Q26 results.
