NewtekOne, Inc. — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 48/100
What the filing says
NewtekOne reported 2Q26 basic EPS of $0.48 vs. $0.53 in 2Q25 (down 9.4%), within guidance of $0.42–$0.52. Non-affiliate business deposits at Newtek Bank increased $103M (47% YoY) and $15M (5% QoQ); core consumer deposits grew $951M (124% YoY). Book value per share increased 13.8% YoY to $12.64. CEO signaled business model evolution: shifting to higher net interest income (holding loans on balance sheet vs. selling) and lower gain-on-sale revenue; current guidance being re-evaluated.
Why this rating
Earnings decline YoY offsets strong deposit/asset growth. Model shift creates near-term uncertainty. Moderate event relative to $276.5M market cap; material operational change but not crisis-level.
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