NewtekOne Q3 net interest income rises

NewtekOne

28/10/2026 20:11

Overview
US business solutions provider's Q3 EPS fell year-over-year
Net interest income rose 30% yr/yr
Company's deposit balances more than doubled year-over-year, reaching $2.5 bln

Outlook
Company maintains 2026 EPS guidance range of $1.70-$1.80
Company expects to bring C&I LA loan securitization to market in Q1 2027
Company expects revenue mix to shift toward recurring net interest income

Result Drivers
DEPOSIT GROWTH - Co attributed deposit growth to attractive rates, no fees, digital account opening, and 24/7 customer support
LOAN ORIGINATIONS - Co said higher SBA 7(a) and C&I loan originations contributed to loan balance growth

Company press release: ID:nGNX8YzVGj

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Interest Income
 
$18.89 mln
 
Q3 Pretax Profit
 
$14.22 mln
 
Q3 Provision for Loan Credit Losses
 
$15.39 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the corporate financial services peer group is "buy."
Wall Street's median 12-month price target for NewtekOne, Inc. is $14.00, about 21.5% above its October 27 closing price of $11.52
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads
Oct 27 - Banc of California Q3 EPS rises on higher net interest income
Oct 26 - Bank of Hawaii Q3 net income rises on higher net interest income
Oct 28 - Hope Bancorp Q3 net income rises 16% year over year

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)