NewtekOne reported FY 2025 net income of USD 60.51 million, up 19%, with basic EPS of USD 2.21 and diluted EPS of USD 2.18. Net interest income after provision for credit losses rose 50% to USD 21.16 million, as interest income on loans increased on higher average balances of loans held for sale and investment, while provision for credit losses increased to USD 38.73 million. Noninterest income increased 3% to USD 224.91 million, as net gain on loans under the fair value option rose to USD 61.16 million and net gain on residuals in securitizations was USD 30.02 million. Net gains on sales of loans fell 51% to USD 47.56 million, as lower sales volumes and longer holding periods for SBA 7(a) guaranteed portions outweighed higher demand and pricing, while noninterest expense was USD 166.09 million. Total assets increased 33% to USD 2.7 billion and total deposits rose 72% to USD 1.4 billion, driven by growth across deposit products due to competitive rates and use of the Newtek Advantage platform.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NewtekOne Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-016503), on March 10, 2026, and is solely responsible for the information contained therein.
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