NewtekOne reported full-year 2025 net income before taxes of approximately $80 million and total revenue of $284 million, up 10.6% from $257 million in 2024. Basic and diluted EPS rose by double digits year-over-year, reflecting disciplined expense management and operating leverage. For 2026, management reiterated diluted EPS guidance of $2.15 to $2.55, based on assumptions that include $1 billion of SBA 7(a) originations, $500 million of long-amortizing C&I (ALP) loans, $175 million of SBA 504 originations and $150 million of net loan-portfolio growth in combined C&I and CRE segments. Tangible book value per share ended 2025 at $12.19, up from $6.92 at the start of the bank holding company period, while cumulative dividends paid as a bank holding company total $2.24 per share.

In Q4 2025, Newtek Bank opened 9,000 new depository accounts, bringing total active accounts to 34,000. Business deposits increased by $34 million in the quarter and $164 million for the year, while consumer deposits rose by $167 million in Q4 and $293 million annually. Roughly half of the company’s bank-lending clients have opened business deposit accounts since acquisition, and 25% of borrowers have purchased life insurance through the Newtek Agency. Deposit costs declined by 16 basis points sequentially, and insured deposits comprised 74% of the mix, underscoring stable core funding.

NewtekOne closed its largest Alternative Loan Program securitization on January 21, 2026, a $295 million transaction backed by $342 million of ALP loans that was ten times oversubscribed, with 38 institutions showing interest and 32 participating after repricing (including ten first-time buyers). Consolidated non-performing loans fell for the second straight quarter to 6.9% of total loans. Within ALP, non-performing loans totaled $27.6 million on an origination balance of $694 million, and cumulative charge-offs stood at $6 million. The program’s weighted average loan-to-value at origination was 48% with debt-service coverage of 3.3x.

The legacy non-bank SBA subsidiary’s losses declined to approximately $20 million in 2025 from $28.7 million in 2024 as the stressed 2021–2023 vintages run off. NSBF’s portfolio share of the balance sheet shrank from 32% to 13%, with only $127 million of notes remaining in securitizations. Bank net charge-offs totaled $8.2 million in Q4 and $23 million for the year. Management expects NSBF losses to materially decline through 2026 and highlighted upcoming SBA rule changes—such as a shift toward lender-specific scoring—that should benefit its technology-driven underwriting approach.