NewtekOne, Inc. SEC 10-Q Report
NewtekOne, Inc. has released its latest SEC Form 10-Q report, showcasing strong financial performance with total interest income rising to $113.5 million, net income increasing to $40.97 million, and basic earnings per share reaching $1.57. The company continues to excel in various segments, including banking and alternative lending, and anticipates ongoing growth driven by demand for financial solutions among small and medium-sized businesses. The report highlights the company's operational strength and future outlook for market expansion.
NewtekOne, Inc., a leading provider of financial solutions to small and medium-sized businesses (SMBs), has released its latest Form 10-Q report, showcasing robust financial and operational performance. The report highlights significant growth in key financial metrics and provides insights into the company's business operations and future outlook.
Financial Highlights
NewtekOne, Inc. reported impressive financial results for the latest quarter, reflecting strong growth and profitability:
- Total Interest Income: $113.5 million, a substantial increase from $87.7 million in the prior year period, driven by higher loan volumes and interest rates.
- Net Interest Income: $42.4 million, up from $29.0 million, indicating improved interest margins.
- Net Income: $40.97 million, compared to $32.53 million in the previous year, showcasing strong profitability growth.
- Net Income Available to Common Shareholders: $39.7 million, an increase from $31.3 million, highlighting enhanced shareholder value.
- Basic Earnings per Common Share: $1.57, up from $1.26, reflecting improved earnings performance.
- Diluted Earnings per Common Share: $1.54, compared to $1.26, indicating strong earnings growth per share.
Business Highlights
NewtekOne, Inc. continues to demonstrate strong operational performance across its various business segments:
- Revenue Segments: The company reported revenue from multiple segments, including Newtek Banking, Newtek Alternative Lending, Newtek Payments, Newtek Insurance, and Newtek Payroll. Each segment contributes to the overall business operations by providing specialized financial solutions to SMBs.
- Geographical Performance: Operating primarily within the United States, NewtekOne provides financial solutions to SMBs across different regions. The performance in these regions is influenced by local economic conditions and the demand for financial services.
- Sales Units: The company has seen a significant volume of loan originations, particularly in the SBA 7(a) loan program, which is a key driver of its business operations. The volume of loans originated and sold impacts the company's servicing income and net gains on sales of loans.
- Future Outlook: Management anticipates continued growth in its core business segments, driven by the demand for financial solutions among SMBs. The company plans to leverage its expertise in financial services to expand its market share and enhance its product offerings.
SEC Filing: NewtekOne, Inc. [ NEWT ] - 10-Q - Nov. 07, 2025
