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Newtek Business (NEWT)
NASDAQ:NEWT
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial trajectory: revenue, pre-tax income, EPS, tangible book value, deposit growth and operating efficiency all improved materially, and the company completed an oversubscribed ALP securitization reflecting strong investor demand. Key nonbank lines (payments, insurance, payroll) are contributing and expected to grow. The primary negatives are legacy NSBF portfolio losses and stressed vintages (2021–2023) that continue to weigh on results, elevated NPLs/charge-offs (though trending down), and near-term SBA/regulatory headwinds. On balance, the company highlighted substantial progress and momentum while acknowledging remaining legacy credit and regulatory challenges.Company Guidance
Revenue and Pre-Tax Income Growth
Total revenue of $284 million in 2025, up 10.6% vs. 2024 ($257M). Net income before taxes of approximately $80 million for 2025, up 16.4% year-over-year.
Strong EPS Performance and 2026 Guidance
Q4 EPS of $0.65; 2025 basic EPS $2.21 and diluted EPS $2.18, stated as up ~1,211% vs. 2024. Provided 2026 diluted EPS guidance range $2.15–$2.55 with a midpoint of $2.35.
Tangible Book Value Expansion
Tangible book value ended 2025 at $12.19 (from roughly $6.92 at start of period), representing material growth (~76% increase from the earlier cited level). Management also noted ongoing dividend distributions to shareholders.
Deposit Growth and Client Acquisition
Opened ~9,000 new depository accounts in Q4 and reported ~34,000 active depository accounts. Business deposits increased ~$34 million in the quarter and ~$164 million for the year; consumer deposits were ~$167 million in the quarter and ~$293 million for the year. Since bank acquisition ~50% of business lending clients have opened business deposit accounts.
Successful Securitization and ALP Demand
January 2026 ALP (C&I long-amortizing loan) securitization: 10x oversubscribed, 38 institutions subscribed, 32 purchased (10 new investors). Reported gross spread on recent deals ~665 bps and net spread after servicing ~565 bps, with match-funded durations and strong investor demand.
Improved Operating Efficiency
HoldCo efficiency ratio improved from 63.2% to 58.3% while assets grew ~33% year-over-year. Annual operating expenses rose only ~2% YoY, demonstrating operating leverage.
Nonbank Business Contribution
Payments business adjusted EBITDA ~$16.8 million in 2025 and forecasted ~$17.9 million in 2026. Insurance agency pretax income ~$0.74 million in 2025 with an expectation of ~$1.06 million in 2026. Payroll business reported ~$0.45 million pretax in 2025 with higher expectations going forward.
Credit Stabilization Trends
Management reported NPLs declining for two consecutive quarters (7.3% → 7.1% → 6.9% reported for 2025) and indicated credit metrics are stabilizing. NSBF-related losses reduced from $28.7 million in 2024 to approximately $20 million in 2025. NSBF loans declined from 32% to ~13% of the balance sheet; accrued portfolio down ~$88 million over the prior year.
NEWT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NEWT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $14.31 | $13.49 | -5.73% |
Oct 29, 2025 | $10.39 | $10.05 | -3.23% |
Jul 28, 2025 | $11.44 | $11.02 | -3.64% |
May 06, 2025 | $9.08 | $9.44 | +3.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Newtek Business (NEWT) report earnings?
Newtek Business (NEWT) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Newtek Business (NEWT) earnings time?
Newtek Business (NEWT) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEWT EPS forecast?
NEWT EPS forecast for the fiscal quarter 2026 (Q1) is 0.44.