$11.910
-0.397 (-3.33%)At close
NEWT News
NEWT Events
Barry Sloane: Second Quarter Profitability Remains Healthy
Commenting on quarterly operating results, Barry Sloane, CEO, said, "Profitability remains healthy with 2Q26 ROAA, ROAE and ROTCE of 1.97%, 13.3%, and 15.7%, respectively. We continue to capture operating leverage with assets up almost 50% year-over-year and 2Q26 operating expenses up just 3.6% over 2Q25 operating expenses, which supported a year-over-year improvement in the efficiency ratio from 60.3% for 2Q25 to 58.4% for 2Q26."
NewtekOne Files $650M Mixed Securities Shelf
NewtekOne files $650M mixed securities shelf
NewtekOne Forms Strategic Alliance with Payroc
NewtekOne and Payroc WorldAccess announced that they have formed a strategic alliance whereby Payroc will incorporate certain of NewtekOne's business and financial solutions into Payroc's menu of embedded business and financial solutions offered to its more than 190,000 active merchants.
Company Confirms 2026 Guidance, Sets 10% EPS Growth Target for FY27
Management stated it remains "comfortable" with its previously issued full-year guidance range for 2026. Beyond, the company established a new target of 10% EPS growth for FY27.
Company Reports Q1 Net Interest Income of $17.2M
Reports Q1 net interest income $17.2M vs. $13.9M last year. Reports Q1 noninterest income $53.7M vs. $52.4M last year. At quarter-end, total assets were $2.89B, up 35% year-over-year, and total deposits were $1.86B, up 92% year-over-year. The company closed its largest-ever rated securitization of $295M during the quarter. The efficiency ratio for the quarter was 62.4%. "We are pleased to report basic and diluted EPS of $0.43 and $0.43 for 1Q26, which reflect increases of 19% and 23% over 1Q25 basic and diluted EPS of $0.36 and $0.35, respectively, " said Barry Sloane, chairman and CEO.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.