In its fourth-quarter 2025 call, NewtekOne highlighted the third anniversary of operating under an OCC-chartered bank structure following the January 2023 acquisition of National Bank of New York City. President and CEO Barry Sloane underscored the company’s evolution into a technology-enabled financial institution serving independent business owners. He pointed to streamlined digital account opening and lending platforms, the launch of no-fee deposit products, and the introduction of long-amortization “adult loans” designed to lower monthly payments compared with traditional short-term, high-cost credit solutions. These initiatives support NewtekOne’s strategy to build a scalable, branchless banking model with frictionless onboarding and cross-product integration.

Newtek Bank opened a record 9,000 new depository accounts in Q4 and reported 34,000 active accounts at year-end. Business deposits rose by $34 million in the quarter and $164 million for the full year, while consumer deposits increased by $167 million quarterly and $293 million year-over-year. Approximately 50% of bank lending clients have now added a business deposit account since the acquisition, and 25% of borrowers have purchased life insurance through Newtek’s agency offering. Management attributes these gains to competitive pricing, a frictionless digital experience and integrated loan-to-deposit workflows that require borrowers to hold repayment accounts on the bank’s platform.

For full-year 2025, NewtekOne delivered net income before taxes of roughly $80 million and total revenue of $284 million, up 10.6% from $257 million in 2024. EPS rose 12% on a basic and 11% on a diluted basis versus the prior year. Tangible book value per share more than doubled from $6.92 at the start of the bank holding period to $12.19 by year-end, while dividends of $2.24 have been paid since conversion. CFO Frank DeMaria issued 2026 diluted EPS guidance of $2.15 to $2.55, assuming $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 growth in combined C&I and CRE portfolios.

Management reported improvements in credit metrics, with consolidated non-performing loans declining to 6.9% in Q4 from 7.3% two quarters earlier. The ALP program closed its largest securitization on January 21, 2026—oversubscribed 10x by 38 institutions—and current ALP draw balances stand at $694 million, with non-performing balances of $27.6 million and cumulative charge-offs of approximately $6 million. Meanwhile, the legacy NSBF portfolio shrank from 32% to 13% of assets, with losses falling to $20 million in 2025 from $28.7 million in 2024. Management expects NSBF losses to decline further in 2026 as this stressed book continues to run off, and anticipates improved SBA 7(a) volumes driven by lender-specific scoring and process enhancements.