NewtekOne, Inc. (NEWT) Q3 2025 Earnings Call Transcript
NewtekOne, Inc. ( NEWT ) Q3 2025 Earnings Call October 29, 2025 4:30 PM EDT Company Participants Barry R. Sloane - President, Chairman & CEO Frank DeMaria - Executive VP, CFO & Chief Accounting Officer Conference Call Participants Timothy Switzer - Keefe, Bruyette, & Woods, Inc., Research Division Crispin Love - Piper Sandler & Co., Research Division Stephen Moss - Raymond James & Associates, Inc., Research Division Harold Goetsch - B.
NewtekOne (NEWT) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for NewtekOne (NEWT) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NewtekOne (NEWT) Q3 Earnings Surpass Estimates
NewtekOne (NEWT) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.45 per share a year ago.
NewtekOne (NEWT) Earnings Expected to Grow: Should You Buy?
NewtekOne (NEWT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Perceived Risk Vs. Real Risk: Why NewtekOne's 2029 Notes Deserve A Strong Buy
NewtekOne, Inc. 8.625% Senior Notes due 2029 offer an attractive yield, reflecting market skepticism rather than true credit risk. Despite a business transition to a bank holding company and improved financials, NEWT's notes trade at a high yield due to a lack of Big Three ratings. Egan-Jones upgraded NEWT's credit rating to A-, but the market demands a premium, viewing NEWTH as riskier than its peers.
NEWTP: 8.50% Fixed Rate Reset Preferred IPO From NewtekOne
NEWTP offers an 8.5% fixed, non-cumulative dividend until 2030, then resets to 5-year Treasury plus 4.735% if not redeemed. NewtekOne's recent transition from a BDC to a financial holding company adds complexity and risk, especially given its underperformance versus peers and indices. Despite strong yield metrics, NEWTP's elevated yield reflects higher risk, not an attractive investment opportunity.
NewtekOne, Inc. (NEWT) Q2 2025 Earnings Call Transcript
NewtekOne, Inc. (NASDAQ:NEWT ) Q2 2025 Earnings Conference Call July 28, 2025 4:30 PM ET Company Participants Barry Scott Sloane - President, Chairman & CEO Frank M. DeMaria - Executive VP, CFO & Chief Accounting Officer Conference Call Participants Christopher Whitbread Patrick Nolan - Ladenburg Thalmann & Co. Inc., Research Division Crispin Elliot Love - Piper Sandler & Co., Research Division Marc Silk - C.
NewtekOne (NEWT) Q2 Earnings Surpass Estimates
NewtekOne (NEWT) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.43 per share a year ago.
NewtekOne: Elevated Risk Profile Implies Cheap Valuation
NEWT's business model exposes it to high macroeconomic risk, holding risky unguaranteed SBA loan portions with significant leverage, justifying its low valuation and high yield. Because of its massive 7% dividend yield, the market essentially prices NEWT as twice as risky as typical bank stocks, reflecting both equity and macroeconomic risk premiums. Short-term risk is limited, while the US economy remains strong, but a severe recession could dramatically increase loan losses and pressure earnings.
NewtekOne, Inc. NT 29's Attractive Yield Is Hard To Resist
NEWTH notes offer an attractive yield-to-call of 9.9%, far exceeding comparable investment-grade and high-yield bond ETFs, rewarding investors for embedded call risk. NewtekOne's transition to a financial holding company with a national bank charter enhances funding stability, liquidity, and regulatory oversight, strengthening its credit profile. The primary risk is the high likelihood of the notes being called early if interest rates decline, so investors should focus on yield-to-call rather than yield-to-maturity.
NewtekOne: Strong EPS Guidance, Credit Quality Dips (Rating Downgrade)
NewtekOne is guiding for fiscal 2025 EPS to come in at $2.25 per share at the midpoint. The commons are currently trading at a 5.14x multiple to this. The dividend annualized at $0.76 per share is driving a 6.56% dividend yield for common shareholders. Nonaccruals are rising, reaching $59.27 million as of the end of NEWT's first quarter. This was up 110% year-over-year.
NewtekOne: A Well-Positioned And Undervalued Stock For Your Portfolio
NewtekOne, Inc. has transformed into a financial holding company with a resilient business model, strong balance sheet, and diversified portfolio, ensuring sustainable growth. Despite market uncertainties, NEWT's Q1 2025 performance showed robust interest income growth and efficient loan management, driven by interest rate cuts and increased borrower confidence. NEWT's well-positioned balance sheet, high capital adequacy, and expanding deposit base mitigate risks and support continued expansion in the SMB lending sector.
