NewtekOne Earnings Call Transcripts
Fiscal Year 2026
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Management outlined a technology-driven, integrated business model focused on small business clients, with strong financial growth, improved efficiency, and robust risk management. 2026 guidance includes EPS of $2.15–$2.55 and significant loan origination targets. Proprietary technology and securitization strategies drive scale and recurring income.
Fiscal Year 2025
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Reported record 2025 earnings with net income before taxes of $80M and revenue up 10.6% year-over-year. Tangible book value nearly doubled, deposit growth accelerated, and 2026 EPS guidance is set at $2.15–$2.55, reflecting strong loan origination and efficiency gains.
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Q3 2025 saw robust growth in revenue, earnings, and tangible book value, with strong deposit and loan growth driven by technology-enabled banking. Credit quality is stabilizing, and capital ratios remain strong, though SBA loan originations face headwinds from regulatory changes and the government shutdown.
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A technology-driven financial services provider highlighted its scalable, branchless model, leveraging AI and digital platforms to deliver comprehensive solutions to independent business owners. Strong alliances, efficient operations, and innovative loan programs drive profitability and set it apart from traditional banks.
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Q2 2025 saw 15% revenue growth, strong deposit inflows, and improved margins, with EPS and guidance reaffirmed. ALP securitizations and digital banking integration drove profitability, while provisions and reserves remain robust. Tangible book value and capital position continue to strengthen.
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Q1 2025 EPS beat guidance, with strong loan growth, expanding margins, and improved efficiency. ALP and SBA portfolios show low charge-offs, while NSBF losses decline. Management expects continued earnings growth despite a tougher credit environment and ongoing industry changes.
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The divestiture of the IT solutions business to a technology-focused acquirer fulfills regulatory requirements and enables both parties to focus on core strengths. The deal includes cash, preferred equity, and a potential earn-out, with management and staff transitioning to ensure continuity and growth.
Fiscal Year 2024
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Delivered strong Q4 and full-year 2024 results with robust loan and deposit growth, improved margins, and record non-interest income. 2025 guidance was raised, with continued portfolio diversification and technology-driven efficiency expected to support earnings growth.
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Q3 2024 EPS beat consensus, with strong ROA, NIM, and efficiency ratios. Deposit and loan growth remained robust, payment processing and insurance segments expanded, and 2025 EPS guidance was raised. Management highlighted risk-adjusted returns, capital strength, and a new share buyback.
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A tech-driven, branchless model delivers high returns, rapid deposit and loan growth, and diversified income streams. With robust infrastructure and a focus on organic expansion, the business is positioned for significant future growth and industry leadership.
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Q2 2024 EPS of $0.43 beat consensus, with strong 17% deposit and 13% loan growth. Full-year EPS guidance of $1.85–$2.05 reaffirmed, driven by robust non-interest income from the Alternative Loan Program and merchant services, despite trimmed loan production expectations.
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The company has completed a major transformation to a tech-driven financial holding company, focusing on small business lending, digital banking, and integrated business services. Strong credit quality, robust growth in alternative lending, and a focus on deposit gathering and non-interest income underpin positive financial guidance for 2024 and beyond.