NewtekOne reaffirms FY25 EPS guidance $2.10-$2.50, consensus $2.22

Barry Sloane, CEO, President and Chairman said, “For the first half of 2025, we have produced basic and diluted EPS of $0.89 and $0.87, respectively, which is within our 1H25 guidance range of $0.78-$0.92/share, and we are maintaining our $2.10-$2.50 guidance range for 2025. We see growth in our business model beyond 2025 based on the extension of major provisions of the “Tax Cuts and Jobs Act” and new tax incentives for our independent business owner client base. We are excited about our future as a truly digitized business and financial solutions provider operating a depository, breaking the mold of traditional banking while embracing technology and artificial intelligence… Utilizing new and creative business processes and solutions has enabled NewtekOne (NEWT) to achieve above-average 2Q25 profitability with a return on average assets of 2.50% and a return on average tangible common equity of 19.4% and continued improvement in operating leverage with the efficiency ratio declining Y/Y from 66.3% to 60.3%.”