Strong Financial Growth
Q3 2025 earnings and revenue growth with basic and diluted earnings per share of $0.68 and $0.67, respectively. Year-over-year growth rates are up 47% and 22%, with revenue growth of 19% to 16%.
Tangible Book Value Increase
Tangible book value increased from $6.92 per share in Q1 2023 to $11.22, while maintaining a healthy dividend of $0.76 annually.
Deposit Growth Without Traditional Branches
Business deposits grew by $52 million or 17%, and consumer deposits climbed $95 million or 12%, achieved without traditional bankers, brokers, or branches.
Efficiency Ratio Improvement
Efficiency ratio declined from 61.8% to 56.3% at the holding company, with operating expenses only up 8.5% despite assets increasing by 43%.
Alternative Loan Program Expansion
The largest ALP securitization to date is expected in Q4 2025, ranging from $325 million to $350 million, marking the 17th securitization in NewtekOne's history.
Capital Position Strengthened
Issued Series B preferred and common equity, boosting Tier 1 capital and common equity Tier 1 by approximately $80 million and $30 million, respectively.