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www.newtekone.com NewtekOne® NASDAQ : NEWT Second Quarter 2026 Financial Results Conference Call August 6 , 2026 Hosted and Presented by : Barry Sloane , President & CEO Frank M. DeMaria , EVP & CFO Investor Relations Bryce Rowe browe@newtekone.com ( 212 ) 273-8292 NewtekOne® NASDAQ : NEWT
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www.newtekone.com 2 Note Regarding Forward-Looking StatementsCertain statements in this presentation and made during this conference call include statements about the plans and future prospects for NewtekOne, Inc and consolidated subsidiaries (the “Company”) and our industry that are “forward looking statements” within the meaning of the Private Securities Litigation and Reform Act of 1995. These forward looking statements are based on the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. In addition, forecasts and guidance, including with respect to earnings per share, reflect risks, uncertainties and assumptions with respect to facts and circumstances that are beyond our control, in particular interest rates, monetary policy and prevailing economic conditions during the relevant periods, any of which may differ materially from our assumptions about the applicable period, causing our actual operating results to differ materially from the stated guidance. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward looking statements to reflect the impact of circumstances or events that arise after the date the forward looking statements were made.Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 30.
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www.newtekone.com 3 NewtekOne’s mission has not changed since the Company was formed in 1998:To provide business and financial solutions to independent business owners in the United States.We help our clients become more successful. NewtekOne, Inc. Mission Statement and Purpose
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www.newtekone.com 4 NewtekOne uses technology to tackle its mission.We believe that by using technology we have solved for three primary challenges the banking industry needs to overcome:• High-cost infrastructure with too many branches and expensive traditional bankers. • Insufficient lending margins from riskless loans.• Deposit products with zero interest paid and excessive fees for the business client. NewtekOne, Inc. Use of Technology
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www.newtekone.com 5 • NewtekOne is a technology oriented financial holding company regulated by the Board of Governors of the Federal Reserve owning and operating a nationally chartered digital bank that operates exclusively using online banking without physical branches.• In January 2023, NewtekOne acquired what is now known as Newtek Bank, N.A. (the “Bank”) so it could add depository solutions and real-time payments to its five core verticals (Banking, Lending, Payment Processing, Payroll, and Insurance) that support independent business owners in the United States.• NewtekOne utilitizes proprietary and patented advanced technological solutions to acquire customers cost effectively, to manage its lending operation, to open accounts digitally, and to offer treasury management services through the Newtek Advantage®.• NewtekOne provides a full menu of best-in-class, on-demand business and financial solutions to its independent business owner clients without traditional bankers, branches, brokers, or business development officers. NewtekOne Financial Structure and Product Solutions
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www.newtekone.com 6 •According to the U.S. Small Business Administration (the “SBA”), there are more than 36 million independent business owners in the United States; 99% of businesses in the United States identify as small businesses.• According to the U.S. Chamber of Commerce, small businesses employ nearly half of the American workforce and represent 43% of U.S. GDP .• Over the last six and a half years, according to the SBA, NewtekOne, as one of the more active lenders in the SBA 7(a) loan program through Newtek Bank and our non-bank subsidiary, has supported roughly 280,000 jobs, the second highest amount by all lenders in the SBA 7(a) program.• The independent business owner is a huge economic demographic that is taken advantage of and underappreciated by the banking system as evidenced by the nature of products offered to those business owners. NewtekOne’s Target Market
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www.newtekone.com 7 •2Q basic and diluted EPS of $0.48 and $0.47, respectively, within the $0.42-$0.52 EPS guidance range for 2Q26.•“Up and to the right” pattern in book value and tangible book value intact.◦ Book value/share (“BV/share”) and tangible book value/share (“TBV/share”) ended 2Q26 at $12.64 and $12.13, respectively.◦ TBV/share up 15% Y/Y and 75% since Jan. ‘23 conversion to financial holding company.•Continue to capture operating leverage.◦ 2Q26 operating expenses were up just 3.6% Y/Y on asset growth of 50%. ◦ 2Q26 return on average assets (“ROAA”)1of 1.97% compares favorably to the industry.•C&I LA loan balances building at Newtek Bank.◦ C&I LA originations approximated $104 million for 2Q26 and $190 million for YTD26.◦ We have historically securitized C&I LA loans and may continue to do so from the Bank’s balance sheet.•Deposits push past $2 billion.◦ In 14 quarters, we have grown Newtek Bank’s deposits from $142 million to $2.2 billion. ◦ Non-affiliate business deposits increased Q/Q and Y/Y by $15 million and $103 million, or 5% and 47%, respectively.◦ Core consumer deposits climbed Q/Q and Y/Y by $297 million and $951 million, or 21% and 124%, respectively. Quarterly Highlights 1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 29.
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www.newtekone.com 8 Tangible Book Value per Share Growth • BV/share ended 2Q26 at $12.64, up 2.3% Q/Q and 13.8% Y/Y.• TBV/share1 increased 2.4% Q/Q and 15.0% Y/Y.• TBV/share is up 75.3% in 14 quarters since converting to technology-enabled financial holding company in January 2023.• Including $2.62/share of cumulative common dividends declared and $5.21/share of TBV growth since conversion, NewtekOne has delivered $7.83/share to shareholders, more than double 1Q23 TBV of $6.92/share. TBV ended 2Q26 at $12.13/share. 1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 29..
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www.newtekone.com 9 NewtekOne - Quarterly Profitability Snapshot Return on Avg. Tangible Common Equity1- 2Q25 vs. 2Q26 Operating Efficiency Ratio1- 2Q25 vs. 2Q26 Return on Avg. Assets1- 2Q25 vs. 2Q26 Return on Avg. Equity1- 2Q25 vs. 2Q261Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 29.
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www.newtekone.com 10 Deposit Growth•Q/Q $ Deposit changes◦ Non-Affiliate Business: +$15 million (+5%)◦ Core Consumer: +$297 million (+21%)◦ Wholesale: -$6 million (-8%)•Y/Y $ Deposit changes◦ Non-Affiliate Business: +$103 million (+47%)◦ Core Consumer: +$951 million (+124%)◦ Wholesale: +$8 million (+13%)•Q/Q # Deposit accounts◦ Business: +1,471 accounts◦ Core Consumer: +2,686 accounts•# Deposit accounts◦ Business: 10,935 accounts◦ Core Consumer: 30,552 accounts• Consumer and commercial depositors receive competitive market rates on deposits; commercial customers also get our business portal, The Newtek Advantage®, that helps them manage their businesses, allows them to send and receive money using real-time payments, provides data analytics and transactional capabilities.• Newtek Bank loans/deposits = 90%; insured = 81% $ Deposit Trends11 Deposits exclude affiliate/internal deposits of $54M for 1Q24, $56M for 2Q24, $101M for 3Q24, $91M for 4Q24, $108M for 1Q25, $91M for 2Q25, $136M for 3Q25, $134M for 4Q25, $126M for 1Q26, and $107M for 2Q26. # Deposit Accounts
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www.newtekone.com 11 2024 - 12025 - 12026 - 1Securitization$190.5$216.0$342.0Initial ALP Loan Balances $139.1$194.6$311.4Outstanding Loan Balances as of 6/30/26$154.3$184.4$295.0Notes Initially Issued in Securitization$88.6$149.6$255.6Securitization Notes Outstanding*$36.2$31.6$47.0Initial Overcollateralization$50.5$45.0$55.8Current OvercollateralizationYesNoNoWith JV Partner?*Notes: Remaining notes in securitization are estimates.$ in millions • Outstanding loan balances and securitization notes outstanding in our oldest outstanding ALP securitization (2024-1) have declined by 27% and 43%, respectively.• Outstanding loan balances and securitization notes outstanding in the 2025-1 securitization that closed in April 2025 have declined by 10% and 19%, respectively.• Outstanding loan balances and securitization notes outstanding in the 2026-1 securitization that closed in January 2026 have declined by 9% and 13%, respectively.• Growing overcollateralization positions mean narrowing gap between book and fair values of Company-retained Ownership Certificates; book values projected to match fair values after ~3.5 years. Status of Three Active C&I LA Loan Securitizations
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www.newtekone.com 12 Newtek Bank, N.A. Financial Highlights2Q261Q264Q253Q252Q25Financial Performance4.71 %4.34 %2.68 %3.68 %4.05 %Return on Average Assets57.1 %47.8 %23.9 %32.0 %34.5 %Return on Average Equity61.1 %51.6 %27.7 %35.4 %35.7 %Return on Average Tangible Common Equity37.7 %40.0 %48.5 %46.8 %48.7 %Efficiency Ratio2Q261Q264Q253Q252Q25Margin Trends25,32720,39520,36218,32516,254Net Interest Income ($000s)4.55 %4.35 %5.32 %5.40 %5.47 %Net Interest Margin (NIM)3.62 %3.71 %3.60 %3.76 %3.71 %Cost of Deposits2Q261Q264Q253Q252Q25Sequential Quarterly Growth22 %20 %12 %15 %19 %Loans5 %17 %16 %3 %44 %Business Deposits21 %38 %19 %12 %2 %Core Consumer Deposits2Q261Q264Q253Q252Q25Capital & Credit11.5 %11.1 %12.1 %13.0 %13.0 %Tier 1 Capital Ratio12.7 %12.4 %13.4 %14.3 %14.2 %Total Risk-Based Capital Ratio8.6 %9.1 %10.3 %11.2 %11.4 %Leverage Ratio4.77 %1.86 %1.95 %2.18 %2.31 %Accruing Loans Past Due 30+ Days / Loans3.99 %2.39 %2.56 %2.86 %2.85 %Accruing Loans PD 30+ Days / Loans (ex-gov’t gtds)8.92 %5.62 %6.11 %5.82 %4.84 %Nonaccruals / Total Loans4.14 %4.36 %5.43 %5.69 %5.30 %Nonaccruals / Total Loans (ex-gov’t gtds)5.31 %5.10 %5.38 %5.73 %5.78 %ACL / Ungtd Loans HFINote: Reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 29.
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www.newtekone.com 13 Newtek Bank, N.A. Credit Quality Overview Loans HFI 30 Days+ Past Due, Accruing*NPLs HFI*2Q261Q264Q253Q252Q253.99%2.39%2.56%2.86%2.85%30 days+ past due and accruing/Total Loans (excluding Gtd’s)*4.14%4.36%5.43%5.69%5.30%NPLs/Total Loans (excluding Gtd’s)*4.63%4.73%5.04%5.42%5.55%ACL /Loans HFI5.31%5.10%5.38%5.73%5.78%ACL/Loans HFI (excluding Gtd’s)* Provision for Credit Lossesvs Net Charge-Offs$ in millions *Note: Guaranteed SBA 7(a) loans excluded from calculation.
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www.newtekone.com 14 Newtek Bank - Quarterly Profitability Snapshot Return on Avg. Tangible Common Equity1- 2Q25 vs. 2Q26 Operating Efficiency Ratio1- 2Q25 vs. 2Q26 Return on Avg. Assets1- 2Q25 vs. 2Q26 Return on Avg. Equity1- 2Q25 vs. 2Q261Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 29.
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www.newtekone.com 15 Pre-Provision Net Revenue 1 Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 29.2PPNR is a non-GAAP metric calculated based on total net revenue less non-interest expense before adjusting for the provision for credit losses for the period. Management believes that this financial metric is useful in assessing the ability of a lending institution to generate income in excess of its provision for credit losses. • NewtekOne’s PPNR1, defined as the sum of net interest income and non-interest income less expenses before adjusting for provisions for credit losses, was 4.22% of average assets for 2Q26 vs. 5.25% for 2Q25.• The relative strength of NewtekOne’s earnings stream is a function of our wider lending margins and our lower cost expense infrastructure.• NewtekOne’s total revenue, defined as the sum of net interest income and noninterest income, was $75.1 million for 2Q26, up 7% over $70.2 million for 2Q25.$ in thousands
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www.newtekone.com 16 • Newtek Bank began originating SBA 7(a) loans in 2Q23.• The SBA 7(a) allowance for credit losses (ACL) comprises 89%of the Bank’s ACL.• SBA 7(a) ACL / SBA 7(a) loans HFI (ex-gov’t gtd loans) = 8.56%as of June 30, 2026.Newtek Bank Loans HFI at Cost $ Mix of NBNA Loans HFI at Cost% Mix of NBNA Loans HFI at Cost Mix of NBNA Allowance for Credit Losses Mix of ACL$ in millions
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www.newtekone.com 17 •Digital Accounting Opening•Automated, Frictionless Loan Origination Platform•Automated Lead Generation•Real time payments•NewTracker®referral system•Newtek Advantage® What Makes NewtekOne Unique and Special
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www.newtekone.com Appendix
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www.newtekone.com 19 Total Loans - NewtekOne and Newtek Bank2Q261Q264Q253Q252Q25Loans ($000s)$ 1,582,150$ 988,269$ 896,689$ 834,087$ 767,827Newtek Bank -Loans HFI220,62798,551———Newtek Bank -C&I LA Loans HFS249,423602,118518,141435,486342,128Newtek Bank -Other Loans HFS278,955264,011281,198305,720326,113Holding Company -Loans HFI10,70520,237415,148286,628138,021Holding Company -C&I LA HFS40,50168,71465,08063,56566,751Holding Company -Other Loans HFS$ 2,382,361$ 2,041,900$ 2,176,256$ 1,925,486$ 1,640,840TOTAL2Q261Q264Q253Q252Q25% of Total Loans86 %83 %65 %66 %68 %Newtek Bank14 %17 %35 %34 %32 %Holding Company
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www.newtekone.com 20 C&I LA Loan Program Significantly Additive• The C&I LA Loan Program was developed in 2019 as a natural extension of NewtekOne’s SBA 7(a) loan program. Like 7(a) loans, C&I LA loans fully amortize over 10-25 years, are underwritten on cash flows of the borrower, and are secured by personal guarantees and liens on business and personal assets. Cash flow from business operations is the primary source of the loan’s repayment. • C&I LA loans are dissimilar from 7(a) loans in that they are typically larger with an average loan size of $4 million-$5 million and maximum loan of $15 million, have stronger credit profiles, and/or would not qualify for the 7(a) program. The larger credits provide a bigger growth opportunity.• Prior to 2026, C&I LA loans were originated with the intention to sell them into joint ventures and/or securitizations, which produce match funding between the loans and securitized debt.• Layering C&I LA loans into our loan offerings and portfolio has created a more diverse loan portfolio and enhanced NewtekOne’s profitability profile.• In January 2026, we successfully brought a fourth C&I LA securitization to market, NALP Business Loan Trust 2026-1. The $295 million of securitization notes sold, which were backed by $342 million of C&I LA loans, was the Company’s 17th overall and largest. The securitization was roughly ten times oversubscribed with 32 institutions purchasing the securitization notes.
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www.newtekone.com 21 •Principal balance of outstanding C&I LA Loans at 6/30/26 (includes loans off balance sheet in JV and securitizations) of $853 million.• Non-performing C&I LA loans on a fair value basis totaled $45.7 million.• Weighted average FICO Score of 728• Weighted average LTV at origination of 49%• Weighted average debt service coverage ratio (DSCR) of 3.04• Weighted average coupon of 13.32%• Weighted average spread to base rate of 9.38% • Weighted average seasoning of 15.3 months• Weighted average remaining term of 257.5 months• Top five state concentrations (% of remaining principal)• FL – 20.0%• NY – 12.8%• CA – 8.8%• TX – 8.4%• NJ – 7.0%• No industry concentration greater than 11.5% of C&I LA loans C&I LA Loan Metrics
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www.newtekone.com 22 • NewtekOne and its joint ventures completed four C&I LA loan securitizations since launching the C&I LA loan program in 2019; the fourth C&I LA loan securitization was issued in 1Q26.• For the four completed securitizations, gross spreads and advance rates have been stable or improved with each successive transaction.Economics of C&I LA Loan Securitizations2022 - 1**2024 - 12025 - 1*2026 - 1*Securitization$86$191$216342.0C&I LA Loans8.15%12.68%13.30%12.74%Weighted AverageYield$56$154$184$295Notes Issued in Securitization3.29%6.72%6.62%6.08%Weighted AverageRate on Notes4.86%5.96%6.68%6.66%Gross Spread before1% Servicing Fee3.86%4.96%5.68%5.66%Net Spread after1% Servicing Fee65%80%85%86%Advance RateYesYesNoNoWith JV Partner?$ in millionsNotes: *The loans in the 2026-1 and 2025-1 securitization trusts are held off-balance sheet while the residual interests/ownership certificates are held on-balance sheet.**2022-1 securitization was paid off and is no longer active..
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www.newtekone.com 23 Income Statement Mechanics of Securitizations• Income statement mechanics of a C&I LA Loan securitization transaction:◦ Unrealized gains on loans being placed into securitization are reversed. (I/S line item = net gain/(loss) on loans under FV option)◦ Unrealized gain on retained residual is recognized. (I/S line = net gain on residuals in securitizations)◦ Servicing asset created. (I/S line item = net gain on sale of loans)◦ Transactional expenses recorded and include financing and legal costs. (I/S line = net gain on residuals in securitizations)◦ Cash reserve established. (impacted I/S line = net gain on residuals in securitizations)
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www.newtekone.com 24 $ in thousands NSBF Portfolio Wind Down Continues2Q261Q264Q253Q252Q25$156,561$178,982$193,511$215,464$235,939Accruing Portfolio(at cost)$68,168$62,205$64,024$64,809$61,948Nonaccruals(at fair value)$105,099$113,944$127,050$140,596$157,439Outstanding Securitization Notes$231,899$243,112$250,581$256,943$261,827NSBF Equity10%13%13%15%19%NSBF Loans / Total Consolidated On-Balance Sheet Loans$ in thousands• NSBF run-off continues. Accruing portfolio down $79.4 million Y/Y , or roughly 34%.• 100% of NSBF portfolio is aged 36 months or more, and the portfolio’s weighted average life approximates 70 months. Historically, loans aged less than 24 months carried higher probability of default. Newtek Small Business Finance (“NSBF”) is the Company’s legacy non-bank subsidiary that holds a portfolio of SBA 7(a) loans which is in wind-down. Newtek Bank began to originate and portfolio SBA 7(a) loans in 2Q23.
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www.newtekone.com 25 Notes:(1) Left axis: Average Assets(2) Right axis:T1L = Tier 1 Leverage Ratio = Tier 1 Capital / Average AssetsCET1 = Common Equity Tier 1 Ratio = Common Equity Tier 1 Capital / Risk-Weighted AssetsTRBC - Total Risk-Based Capital Ratio = Total Regulatory Capital / Risk-Weighted Assets(3) 2Q26 capital ratios are preliminary NewtekOne: Assets vs. Regulatory Capital Ratios
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www.newtekone.com 26 Net Interest MarginFor the Three Months Ended March 31, 2026For the Three Months Ended June 30, 2026AverageYield/CostInterestInc./Exp.($000s)AverageBalance($000s)AverageYield/CostInterestInc./Exp.($000s)AverageBalance($000s)5.62 %8,323601,050Interest-earning balances3.38 %5,742680,350Interest-earning balances5.31 %21616,512Investment securities4.15 %21720,959Investment securities7.76 %37,7021,973,788Loans7.72 %40,3352,094,500Loans7.24 %46,2412,591,350Interest-earning assets6.64 %46,2942,795,809Interest-earning assets3.70 %15,2701,675,388Interest-bearing deposits3.75 %18,5991,990,657Interest-bearing deposits2.69 %477,091Borrowings - NBNA2.62 %436,571Borrowings - NBNA8.62 %7,276342,699Unsecured notes - HC9.04 %6,918306,937Unsecured notes - HC7.16 %2,126120,497NSBF securitization - HC7.06 %1,928109,522NSBF securitization - HC10.12 %4,296172,331Other borrowings - HC11.28 %3,842136,541Other borrowings - HC8.68 %13,745642,618Borrowings9.12 %12,731559,571Borrowings5.08 %29,0152,318,006Interest-bearing liabilities4.93 %31,3302,550,147Interest-bearing liabilities02.70 %17,2262,591,350Avg. Earning Assets / NIM12.15 %14,9642,795,809Avg. Earning Assets / NIM11Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 29.
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www.newtekone.com 27 Public Market Comparables (1) Source: S&P Capital IQ as of 08/05/26(2) 2026 and 2027 EPS and 2026 ROA are based upon consensus estimates
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www.newtekone.com GAAP to Non-GAAP Reconciliations
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www.newtekone.com 291 Non-GAAP financial measure2PPNR is a non-GAAP metric calculated based on total net revenue less non-interest expense before adjusting for the provision for credit losses for the period. Management believes that this financial metric is useful in assessing the ability of a lending institution to generate income in excess of its provision for credit losses. As of and for the three months endedNewtekOne, Inc.June 30, 2025March 31, 2026June 30, 2026(dollars and number of shares in thousands)Return on Average Equity and Average Tangible Common Equity$13,703$13,401$14,611Numerator: Net Income (GAAP)(400)(1,063)(1,063)Dividend on preferred equity13,30312,33813,548Numerator: Adjusted net income307,256401,018409,033Average Total Shareholders' Equity1 17.4%12.5%13.3%Return on Average Equity1 19,73848,18148,181Deduct: Preferred Stock (GAAP)287,518352,837360,852Average Common Shareholders' Equity1 17.9%13.6%14.3%Return on Average Common Equity14,69214,57914,561Deduct: Average Goodwill and Intangibles1 $272,826$338,258$346,291Denominator: Average Tangible Common Equity1 19.6%14.8%15.7%Return on Average Tangible Common Equity1Return on Average Assets$13,703$13,401$14,611Numerator: Net Income (GAAP)2,131,4772,778,7922,971,097Denominator: Average Assets1 2.58%1.96%1.97%Return on Average Assets1Pre-Provision Net Revenue (PPNR)$18,772$17,086$19,150Net Income before Taxes (GAAP)9,1179,60812,114Add: Provision for Credit Losses (GAAP)$27,889$26,694$31,264Pre-Provision Net Revenue1,2Pre-Provision Return on Average Assets (PPROA)$27,889$26,694$31,264Pre-Provision Net Revenue1,22,131,4772,778,7922,971,097Denominator: Average Assets1 5.25%3.90%4.22%Pre-Provision Return on Average Assets1
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www.newtekone.com 30 As of and for the three months endedNewtekOne, Inc.June 30, 2025March 31, 2026June 30, 2026(dollars and number of shares in thousands)Efficiency Ratio$42,309$44,263$43,817Numerator: Non-Interest Expense (GAAP)13,92317,22614,964Net Interest Income (GAAP)56,27553,73160,117Non-Interest Income (GAAP)$70,198$70,957$75,081Denominator: Total Income60.3%62.4%58.4%Efficiency Ratio1Tangible Book Value Per Share$312,180$404,691$413,373Total Shareholders' Equity (GAAP)14,67214,56114,526Deduct: Goodwill and Intangibles (GAAP)$297,508$390,130$398,847Numerator: Total Tangible Book Value1 26,31728,84628,899Denominator: Total Number of Shares Outstanding$11.30$13.52$13.80Tangible Book Value Per Share1Tangible Book Value Per Common Share$297,508$390,130$398,847Total Tangible Book Value1 19,73848,18148,181Deduct: Preferred Stock (GAAP)$277,770$341,949$350,666Numerator: Tangible Common Book Value1 26,31728,84628,899Denominator: Total Number of Shares Outstanding$10.55$11.85$12.13Tangible Book Value Per Common Share11 Non-GAAP financial measure
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www.newtekone.com 31 As of and for the three months endedNewtek Bank, NAJune 30, 2025March 31, 2026June 30, 2026(dollars in thousands)Return on Average Tangible Common Equity$12,267$20,201$26,506Net Income (GAAP)142,811171,737186,229Average Total Shareholders' Equity1 34.4%47.8%57.1%Return on Average Equity4,62512,84512,337Deduct: Average Goodwill and Intangibles1 $138,186$158,892$173,892Denominator: Tangible Average Common Equity1 35.6%51.6%61.1%Return on Average Tangible Common Equity1Return on Average Assets$12,267$20,201$26,506Numerator: Net Income (GAAP)1,213,2501,890,3862,255,759Denominator: Average Assets1 4.05%4.34%4.71%Return on Average Assets1Efficiency Ratio$23,639$24,919$28,377Numerator: Non-Interest Expense (GAAP)16,25420,39525,327Net Interest Income (GAAP)32,32141,86650,030Non-Interest Income (GAAP)$48,575$62,261$75,357Denominator: Total Income48.7%40.0%37.7%Efficiency Ratio1Net Interest Margin16,25420,39525,327Net interest income (GAAP)1,191,2021,902,2532,230,395Average interest-earning assets5.47%4.35%4.55%Net Interest Margin1Cost of Deposits9,56715,52918,856Interest Expense on deposits (GAAP)1,034,4981,701,2542,089,065Average deposits3.71%3.71%3.62%Cost of Deposits11 Non-GAAP financial measure
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www.newtekone.com 321 Non-GAAP financial measure.. As of and for the three months endedNewtekOne, Inc.June 30, 2026March 31, 2026December 31, 2025September 30, 2025June 30, 2025269,502200,474178,006156,216124,723Nonperforming Loans (NPLs)(GAAP)2,382,3612,041,9002,176,2561,925,4861,640,840Total Loans(GAAP)186,415159,555147,657135,785117,453NPLs excluding Guaranteed SBA 7(a) nonaccruals1 2,299,2742,000,9432,145,9071,905,0551,633,570Loans excluding Guaranteed SBA 7(a) nonaccruals1 118,24797,35083,63370,97655,505NPLs excluding NSBF & Guaranteed SBA 7(a) nonaccruals1 2,020,3191,736,9701,864,7091,599,3351,307,457Loans excluding NSBF & Guaranteed SBA 7(a) nonaccruals1