NewtekOne reports Q1 EPS 43c vs. 35c last year

Reports Q1 net interest income $17.2M vs. $13.9M last year. Reports Q1 noninterest income $53.7M vs. $52.4M last year. At quarter-end, total assets were $2.89B, up 35% year-over-year, and total deposits were $1.86B, up 92% year-over-year. The company closed its largest-ever rated securitization of $295M during the quarter. The efficiency ratio for the quarter was 62.4%. “We are pleased to report basic and diluted EPS of $0.43 and $0.43 for 1Q26, which reflect increases of 19% and 23% over 1Q25 basic and diluted EPS of $0.36 and $0.35, respectively, ” said Barry Sloane, chairman and CEO.