NewtekOne Repositions Earnings Guidance with an Emphasis on Recurring Net Interest Income

BOCA RATON, Fla., Aug. 28, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“the Company” or “NewtekOne”) (NASDAQ: NEWT) announced updated earnings guidance for 2026 and 2027. The Company now expects 2026 EPS in a range of $1.70-$1.80 and 2027 EPS in a range of $2.00-$2.20, which reflects a decision to hold more guaranteed portions of SBA 7(a) loans on its balance sheet than the Company has historically. As a result, going forward, net interest income (“NII”) is expected to grow at a faster pace than noninterest income, with NII representing an increasingly larger portion of total revenue.

Barry Sloane, Chairman, CEO, and President of NewtekOne, commented, “We indicated during our 2Q26 earnings conference call that EPS guidance for the second half of 2026 and 2027 was being reevaluated given the recent decision to hold more guaranteed portions of SBA 7(a) loans on our balance sheet than we have historically. Before we acquired our bank subsidiary, Newtek Bank, N.A. (the “Bank”), we typically sold guaranteed portions of SBA 7(a) loans within 90 days of origination and recognized gain on sale income. The acquisition of the Bank in 2023 has provided us with an improved ability to fund loans more cost effectively with the Bank’s deposits. In fact, our deposit gathering capabilities have exceeded initial expectations, which we believe is a function of our ability to open deposits digitally without geographical constraints, the attractiveness of our deposit products featuring competitive market rates and zero fees, and on-demand access to customer service representatives, who are available on-camera 24/7/365.