NewtekOne Q3 net interest income rises
NEWT•NewtekOne's third-quarter net interest income rose 30% year over year, while EPS fell. Deposits more than doubled to $2.5 billion, and the company maintained its 2026 EPS guidance of $1.70-$1.80.
1. Quarterly results and outlook
NewtekOne reported third-quarter net interest income of $18.89 million and pretax profit of $14.22 million. Its provision for loan credit losses was $15.39 million. The company said higher SBA 7(a) and C&I loan originations contributed to loan balance growth, while deposits more than doubled year over year to $2.5 billion. NewtekOne maintained its 2026 EPS guidance range of $1.70-$1.80 and expects to bring a C&I LA loan securitization to market in the first quarter of 2027.
