NewtekOne sees FY25 EPS $2.10-$2.50, consensus $2.22

In 1Q25, the Company originated 580 SBA 7 loans totaling $213 million, which compares to 1Q24 SBA 7 originations of 489 totaling $212 million. SBA 7 loans held for investment within Newtek Bank, N.A. stood at roughly $407 million as of March 31, up 7% from December 31, 2024 and 90% from March 31, 2024. NewtekOne (NEWT) continues to project SBA 7 originations for 2025 at $1 billion. Barry Sloane, CEO, President and Chairman, said, “As loan and deposit volumes are tracking at or above projections, we remain comfortable with 2025 EPS guidance of $2.10-$2.50 per share. We continue to find comfort in the above-average profitability our operating model generates, which we believe is particularly pertinent in times of elevated volatility similar to what the broader market is experiencing now. We look forward to sharing 1Q25 results with the investment community on May 6.”