NewtekOne Q1 EPS rises 19% on deposit growth

NewtekOne

30/04/2026 21:25

Overview

U.S. financial solutions provider's Q1 EPS rose 19% yr/yr to $0.43

Net interest income grew 24% yr/yr; pretax profit up 47%

Company cites tech-driven process improvements and shift to bank-funded loan origination

Outlook

NewtekOne maintains 2026 EPS guidance range of $2.15-$2.55

Company targets 10% EPS growth for 2027, implying EPS of $2.40-$2.80

NewtekOne aims to originate $1.8 bln of loans in 2026

Result Drivers

DEPOSIT GROWTH - Co said strong growth in both business and consumer deposits supported balance sheet expansion

TECHNOLOGY-ENABLED PROCESS IMPROVEMENTS - Co said use of AI in origination, underwriting and closing reduced time and cost to close loans, enabling higher-quality credit origination

SHIFT TO BANK-FUNDED LOANS - Co said moving C&I LA Loan origination and funding to Newtek Bank improved funding costs and diversified loan portfolio

Company press release: ID:nGNX3MLjGc

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.43
Q1 Net Interest Income
$17.23 mln
Q1 Pretax Profit
$17.09 mln
Q1 Provision for Loan Credit Losses
$9.61 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 $16.00, about 26.4% above its April 29 closing price of $12.66

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

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.)