NewtekOne reports Q2 EPS 52c, consensus 52c

Book value per common share ended 2Q25 at $11.11, up Y/Y and Q/Q by 12.9% and 3.5%, respectively. “We are once again pleased to post solid quarterly results that include basic and diluted EPS of $0.53 and $0.52, respectively,” said Barry Sloane, CEO, President and Chairman. “We were particularly encouraged to see tangible book value per share climb for a ninth consecutive quarter while paying a healthy dividend, as well as by increases in business deposits, stabilizing credit trends, and continued growth of our ALP vertical. In April, we completed a securitization of ALP loans and have generated program-to-date ALP loan originations of roughly $632 million. At the end of June, on-balance sheet ALP loans approximated $138 million while ALP loans held off-balance sheet in securitization trusts totaled roughly $427 million. With ALP loan balances rebuilding on the Company’s balance sheet after April’s securitization, we expect to execute another ALP securitization in the fourth quarter.”