NewtekOne sees FY25 EPS $2.10-$2.50, consensus $2.25

Sloane added, “We believe the investment community should consider what we believe to be our unique approach to operating as a financial holding company that includes meaningful activity by our non-bank subsidiaries. Our alternative loan program and our merchant services business (Newtek Merchant Solutions generate significant earnings for the Company, as detailed in the segment reporting in our regulatory filings. For example, two weeks ago we reported that we closed our third ALP loan-backed securitization with healthy demand for the rated notes from some of the largest asset managers in the U.S. The alternative loan program allows us to maximize our referral network and infrastructure while supplementing earnings and profitability. Similarly, NMS, because of its “asset-light” character, is accretive to the Company’s profitability and earnings stream, and more importantly, fits squarely into the menu of financial and business solutions we offer to clients on-demand. ALP and NMS are just two examples of how we believe NewtekOne (NEWT) can sustain above-average EPS growth, tangible book value per share growth, and profitability.”