NewtekOne marked its third anniversary of operating an OCC-chartered bank, underscoring its transformation into a technology-enabled financial institution for independent business owners. Since acquiring National Bank of New York City in January 2023, NewtekOne has opened 9,000 new depository accounts in Q4 and now maintains 34,000 active accounts. Business deposits rose by $34 million in the quarter and $164 million for the year, while consumer deposits grew $167 million in Q4 and $293 million year-to-date. Approximately 50% of the company’s business lending clients have added business deposit accounts, and 25% of borrowers have purchased life insurance products through the Newtek Agency. Deposit cost declined by 16 basis points sequentially, with insured deposits representing 74% of the total balance.

NewtekOne reported full-year 2025 net income before taxes of about $80 million and total revenue of $284 million, up 10.6% from $257 million in 2024. Management highlighted year-over-year EPS growth of 12% (basic) and 11% (diluted). For 2026, CFO Frank DeMaria reiterated diluted EPS guidance of $2.15 to $2.55 (midpoint $2.35), based on originations of $1 billion in SBA 7(a) loans (including $500 million of long-amortizing C&I “ALP” loans), $175 million of SBA 504 originations and $150 million of net growth in combined C&I and CRE portfolios. Tangible book value rose to $12.19 per share at year-end from $6.92 at the start of the bank holding company period, with $2.24 of dividends paid and a cumulative increase of $4.76 per share since conversion.

NewtekOne’s Alternative Loan Program (ALP) continues to scale, with its largest securitization closing on January 21, 2026. The transaction was oversubscribed 10-times, attracting 38 institutional subscribers and 32 purchasers (10 new to NewtekOne). Consolidated non-performing loans declined for two straight quarters to 6.9% in Q4 from 7.3% six months earlier. Within ALP, non-performing balances totaled $27.6 million on an origination base of $694 million (total originations near $820 million–$830 million), with cumulative charge-offs of $6 million. Origination LTV averaged 48% and debt service coverage 3.3×. Securitization spreads were 665–670 bps gross and 565–570 bps net (after 1% servicing), in a matched-funded structure.

Newtek Small Business Finance (NSBF), the legacy non-bank SBA lending arm, saw its losses decline to approximately $20 million in 2025 from $28.7 million in 2024, and its portfolio shrank to 13% of assets from 32%, with just $127 million of notes pending securitization. Net charge-offs at the bank were $8.2 million in Q4 and $23 million for the year. Management expects NSBF losses to materially decline through 2026 and anticipates improved SBA 7(a) production as recent rule changes stabilize volumes. CEO Barry Sloane emphasized NewtekOne’s competitive positioning through traditional underwriting and proprietary technology, closing the call on strong momentum entering 2026 despite ongoing challenges.