NewtekOne, Inc. reported significant financial results for the third quarter of 2025, with total revenue reaching $99.5 million, a 20% increase from $82.8 million in the same period last year. The company’s net income for the quarter was $17.9 million, translating to earnings per share of $0.68, compared to $11.9 million and $0.45 per share in the prior year. For the nine months ending September 30, 2025, NewtekOne's total revenue was $295.5 million, up from $240.5 million in 2024, while net income increased to $40.9 million from $32.5 million.
The company experienced notable changes in its financial metrics, particularly in interest income, which rose to $39.1 million for the quarter, up from $31.3 million a year earlier. This increase was driven by higher loan volumes and improved interest rates. However, the provision for credit losses also increased significantly to $7.7 million from $6.9 million, reflecting the company's proactive approach to managing credit risk amid changing market conditions.
Strategically, NewtekOne completed the acquisition of National Bank of New York City, now renamed Newtek Bank, which has expanded its banking capabilities and product offerings. The company also launched a new series of preferred stock, raising approximately $48.4 million in net proceeds, which will be used for general corporate purposes and to support its growth initiatives. Additionally, NewtekOne has been actively involved in securitization transactions, including the recent issuance of Class A, B, and C notes backed by its loan portfolio.
Operationally, NewtekOne reported a total of $2.4 billion in assets as of September 30, 2025, up from $2.1 billion at the end of 2024. The company’s loan portfolio has also expanded, with loans held for investment increasing to $834.1 million from $621.7 million. The number of customers served has grown, with a notable increase in engagement metrics across its various financial services, including payments and lending solutions. The company’s employee headcount has also risen, reflecting its growth and expansion efforts.
Looking ahead, NewtekOne anticipates continued growth driven by its strategic initiatives and market demand for its financial services. The company expects to leverage its expanded banking capabilities and product offerings to capture a larger share of the small and medium-sized business market. Management remains optimistic about the future, projecting further increases in revenue and profitability as it continues to execute its growth strategy.
About NewtekOne, Inc.
NewtekOne, Inc. is a financial holding company providing business and financial solutions to U.S. small and medium-sized businesses. Its core activities include SBA 7(a) and 504 loan origination, commercial lending, payment processing, insurance, payroll, and depository services through its digital bank. Leveraging proprietary technology like NewTracker and Newtek Advantage, it offers cost-effective, integrated solutions, targeting underserved SMB markets with a focus on innovation, diversification, and efficient client acquisition.
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