NewtekOne updated 2026 and 2027 earnings guidance, expecting higher net interest income due to strategic loan portfolio changes.
Quiver AI Summary
NewtekOne, Inc. has revised its earnings guidance for 2026 and 2027, now forecasting an earnings per share (EPS) of $1.70-$1.80 for 2026 and $2.00-$2.20 for 2027. This adjustment is attributed to the company's strategy of retaining more guaranteed portions of SBA 7(a) loans on its balance sheet, rather than swiftly selling them as it did historically. The shift will lead to net interest income (NII) growing more rapidly than noninterest income, with NII expected to make up a larger share of total revenue—projected to rise from 21% in 2025 to 30% or more by 2027. Barry Sloane, the company's Chairman and CEO, highlighted the successful acquisition of Newtek Bank, N.A., which has enhanced their deposit-gathering capability. NewtekOne aims to explore additional opportunities for growth, including licensing its lending and deposit gathering platforms.
Potential Positives
- NewtekOne has provided updated earnings guidance for 2026 ($1.70-$1.80 EPS) and 2027 ($2.00-$2.20 EPS), indicating expected growth in profitability.
- The decision to hold more guaranteed portions of SBA 7(a) loans is expected to lead to faster growth in net interest income (NII), which will comprise a larger portion of total revenue.
- Improved deposit gathering capabilities post-acquisition of Newtek Bank have exceeded expectations, enhancing the company's ability to fund loans cost-effectively.
- NewtekOne is exploring strategic options to license its proprietary lending and deposit gathering platforms, potentially increasing revenue streams and shareholder value.
Potential Negatives
- The updated earnings guidance reflects a shift in strategy that may indicate a lack of confidence in previous revenue-generating methods, potentially unsettling investors.
- By increasing the expected proportion of net interest income as opposed to gain-on-sale income, the company may be signaling risks associated with holding onto loans longer than historically practiced.
- The reliance on forward-looking statements regarding financial performance introduces uncertainty, as actual results may differ significantly from projections due to inherent risks and market conditions.
FAQ
What is NewtekOne's updated earnings guidance for 2026 and 2027?
NewtekOne estimates 2026 EPS between $1.70-$1.80 and 2027 EPS between $2.00-$2.20.
How is the company's net interest income changing?
Net interest income is expected to grow faster than noninterest income, comprising a larger portion of revenue.
What impact did Newtek Bank acquisition have on NewtekOne?
The acquisition improved NewtekOne's ability to fund loans more cost-effectively and enhanced deposit gathering capabilities.
What new strategies is NewtekOne pursuing for growth?
NewtekOne plans to explore licensing its lending and deposit gathering platforms and other strategic options to increase shareholder value.
What financial solutions does NewtekOne offer?
NewtekOne provides a variety of business and financial solutions, including banking, lending, eCommerce, and technology services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NEWT Insider Trading Activity
$NEWT insiders have traded $NEWT stock on the open market 9 times in the past 6 months. Of those trades, 9 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NEWT stock by insiders over the last 6 months:
- BARRY SLOANE (President, Chairman & CEO) has made 4 purchases buying 16,000 shares for an estimated $227,260 and 0 sales.
- CRAIG JEFFRY BRUNET has made 2 purchases buying 1,330 shares for an estimated $16,893 and 0 sales.
- RICHARD J SALUTE purchased 1,000 shares for an estimated $13,469
- PETER MATHISON DOWNS (President, Newtek Bank) purchased 737 shares for an estimated $9,993
- FRANK M DEMARIA (Cheif Financial Officer) purchased 500 shares for an estimated $6,957
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$NEWT Revenue
$NEWT had revenues of $90M in Q2 2026. This is an increase of 28.27% from the same period in the prior year.
You can track NEWT financials on Quiver Quantitative's NEWT stock page.
You can access data on NEWT stock through the Quiver Quantitative API.
$NEWT Hedge Fund Activity
We have seen 88 institutional investors add shares of $NEWT stock to their portfolio, and 60 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 332,792 shares (+15.2%) to their portfolio in Q2 2026, for an estimated $4,928,649
- PRICE T ROWE ASSOCIATES INC /MD/ added 173,092 shares (+18.8%) to their portfolio in Q2 2026, for an estimated $2,563,492
- PRUDENTIAL FINANCIAL INC removed 134,095 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,468,340
- D. E. SHAW & CO., INC. removed 113,289 shares (-48.6%) from their portfolio in Q2 2026, for an estimated $1,677,810
- QUBE RESEARCH & TECHNOLOGIES LTD removed 108,393 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $1,605,300
- NUVEEN, LLC removed 99,278 shares (-41.2%) from their portfolio in Q2 2026, for an estimated $1,470,307
- GSA CAPITAL PARTNERS LLP removed 99,170 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $1,468,707
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
BOCA RATON, Fla., Aug. 28, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“the Company” or “NewtekOne”) (NASDAQ: NEWT) announced updated earnings guidance for 2026 and 2027. The Company now expects 2026 EPS in a range of $1.70-$1.80 and 2027 EPS in a range of $2.00-$2.20, which reflects a decision to hold more guaranteed portions of SBA 7(a) loans on its balance sheet than the Company has historically. As a result, going forward, net interest income (“NII”) is expected to grow at a faster pace than noninterest income, with NII representing an increasingly larger portion of total revenue.
Barry Sloane, Chairman, CEO, and President of NewtekOne, commented, “We indicated during our 2Q26 earnings conference call that EPS guidance for the second half of 2026 and 2027 was being reevaluated given the recent decision to hold more guaranteed portions of SBA 7(a) loans on our balance sheet than we have historically. Before we acquired our bank subsidiary, Newtek Bank, N.A. (the “Bank”), we typically sold guaranteed portions of SBA 7(a) loans within 90 days of origination and recognized gain on sale income. The acquisition of the Bank in 2023 has provided us with an improved ability to fund loans more cost effectively with the Bank’s deposits. In fact, our deposit gathering capabilities have exceeded initial expectations, which we believe is a function of our ability to open deposits digitally without geographical constraints, the attractiveness of our deposit products featuring competitive market rates and zero fees, and on-demand access to customer service representatives, who are available on-camera 24/7/365.
“We anticipate that the change to emphasize more on NII as opposed to gain-on-sale income will result in NII growing at a faster pace than gain on sale income and NII comprising a larger portion of revenue going forward. We expect NII to grow from 21% of total revenue in 2025, and 22% for the first half of 2026, to 30% or more for the second half of 2026 through 2027.”
“As we continue to focus on increasing shareholder value, we plan to explore all avenues, including licensing what we view as our best-in-class lending and deposit gathering platforms with our patented NewTracker® platform and our patent pending Newtek Advantage® platform, as well as exploring all strategic options.”
About NewtekOne, Inc.
NewtekOne ® , Your Business Solutions Company ® , is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek ® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions , Electronic Payment Processing , eCommerce , Accounts Receivable Financing & Inventory Financing and Insurance Solutions , Web Services , and Payroll and Benefits Solutions . In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com).
Newtek ® , NewtekOne ® , Newtek Bank ® , National Association, Your Business Solutions Company ® , One Solution for All Your Business Needs ® and Newtek Advantage are registered trademarks of NewtekOne, Inc.
Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with
the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
SOURCE: NewtekOne, Inc.
Investor Relations & Public Relations
Contact: Bryce Rowe
Telephone: (212) 273-8292 /
[email protected]
