NewtekOne reported basic and diluted EPS of $0.65 for the fourth quarter of 2025, compared to $0.70 and $0.69, respectively, in the year-ago period. For the full year, basic and diluted EPS reached $2.21 and $2.18, up from $1.97 and $1.96 in 2024, representing year-over-year increases of 12.2% and 11.2%. Net income before taxes rose 16.4% to approximately $80.0 million for 2025, driven by a combination of net interest income growth and disciplined expense management that limited operating expense increases to just 2.1% despite a 10.6% rise in total revenue to $284.8 million.

Book value per share climbed 15.9% year-over-year to $12.19 at December 31, 2025, while tangible book value surged 24.4% to $11.68. Newtek Bank’s commercial deposits grew by $34.0 million (9% quarter-over-quarter) and $164.0 million (70% year-over-year), and core consumer deposits expanded by $167.0 million (19% quarter-over-quarter) and $293.0 million (40% year-over-year). Insured deposits now represent 74% of total funding. The efficiency ratio improved to 58.3% for the year, down from 63.2% in 2024, and return on average equity reached 16.6%, up from 14.0%.

In the alternative loan program, NewtekOne originated $113 million in Q4 and $363 million for the full year, up from $91 million and $270 million, respectively. SBA 7(a) originations totaled $162 million in the quarter and $768 million year-to-date, compared with $262 million and $943 million in 2024, with $79 million of guaranteed portions sold in Q4. SBA 504 loan originations were $52 million in Q4 and $123 million for 2025, alongside secondary market sales of $8 million and $65 million. Commercial real estate and C&I lending added $25 million in Q4 and $104 million for the year.

Post-year-end, NewtekOne closed a $295 million securitization backed by $342 million of alternative loans in January 2026, its 17th rated transaction and largest to date, which was oversubscribed by a factor of ten and placed with 32 institutions. The board authorized an EPS guidance range of $2.15–$2.55 for 2026. Dividends paid included $21.25 per Series B preferred share (equivalent to $0.53125 per depositary share) on January 1, 2026, and a quarterly common dividend of $0.19 per share on January 2, 2026. The company also repurchased 126,595 common shares in Q4 at an average cost of $10.43 per share.