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www.newtekone.com NASDAQ: NEWTThird Quarter 2026 Financial Results Conference CallOctober 28, 2026Hosted and Presented by:Barry Sloane, President & CEOFrank M. DeMaria, EVP & CFOInvestor Relations Bryce Rowebrowe@newtekone.com(212) 273-8292
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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 31.
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www.newtekone.com 3 3Q26 Highlights 1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 31. •3Q26 basic and diluted EPS of $0.34•Reiterate 2026 EPS guidance range of $1.70-$1.80.•“Up and to the right” pattern in book value and tangible book value intact.◦ Book value/share (“BV/share”) and tangible book value/share1(“TBV/share”) ended 3Q26 at $12.80 and $12.30, respectively.◦ TBV/share up 10% Y/Y and 78% since Jan. ‘23 conversion to financial holding company.•Continue to capture operating leverage.◦ On a year-over-year basis, 3Q26 and year-to-date (“YTD”) operating expenses were flat and up 3.7%, respectively, on asset growth of 47%.•Deposits more than doubled Y/Y for the second consecutive quarter.◦ In 15 quarters, we have grown Newtek Bank’s deposits from $142 million to $2.6 billion. ◦ Non-affiliate business deposits increased Q/Q and Y/Y by $13 million and $109 million, or 4% and 48%, respectively.◦ Core consumer deposits climbed Q/Q and Y/Y by $231 million and $1.1 billion, or 13% and 126%, respectively.•Loan originations up Y/Y.◦ YTD loan originations of $1.2 billion are up 12% Y/Y; SBA 7(a) and longer-amortizing C&I ("C&I LA") loan originations comprise 56% and 20%, respectively, of YTD originations.◦ For the SBA’s fiscal year ending September 30, 2026, Newtek Bank ranked number one by number of SBA 7(a) loans approved and number two by dollars approved.
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www.newtekone.com 4 NewtekOne OverviewOne integrated platform built over 28 years to serve the 36 million US SMBs through five fully digital solutions without the use of traditional bankers, brokers, or BDOsTechnology-driven, scaled ecosystem for SMBs 28 yearsin business3+ yearsas an OCC-chartered, digital-direct bankBankingPayments| | LendingPayroll | InsurancePatented and proprietary capabilitiesNewTracker®patented prospect-management infrastructure + single CRMNewtek Advantage®(patent pending)single pane of glass delivering the full product suite Unique, low-cost customer acquisition engine 80,000+ users on the platform600 – 800unique business referrals per day$0cost per referral32.5m referralsproprietary database collected over 20 years Tenured and scaled SMB loan originator and servicer #1SBA 7(a) lender by number approved¹$787mLTM SBA 7(a) originations23,337 Units$1.5bnLTM total funded originations23,507 UnitsS&P-Rated Servicerservicing $5bn, includes loans serviced for FDIC and National Credit Union AdministrationFrictionless digital account opening infrastructure, gaining momentum47.2kdeposit accounts with zero branches62%of lending clients opened a business deposit account since 2023$2.5bndeposits at Q3 ‘26 ★Robust, flexible financial return profile15.8%LTM ROATCE2$54.0mLTM net income21.89%LTM ROAA2$291.2mLTM revenue2(1) Data per SBA 7(a) Lender Report, SBA fiscal year 2026 ending September 30, 2026(2) LTM is the twelve months ended 9/30/2026; Loan originations reflect funded amounts; Revenue represents net interest income plus fee income(3) Partners paid only on successful closing / account opening
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www.newtekone.com 5 NewtekOne’s EcoSystem: Five Solutions Built around the SMBBANKINGBusiness checking / savings and consumer savings accountsBranchless, digital-direct bank$2.5bntotal deposits111.6k / 35.6kbusiness / consumer deposit accounts NewTracker®Newtek Advantage®CUSTOMERCHANNELS & DELIVERYSMB Owner / OperatorAddressable market of over 36mU.S. businessesPatented referral& processing engineOne dashboard forbanking & paymentsLENDINGSBA 7(a), SBA 504, C&I LA and conventional C&I / CRE$1.5bn+LTM originations1#1 SBA 7(a) lender by loan count2INSURANCE25%life insurance attach on lending clients#~7,500 policies in force (1.5k bound YTD ‘26)PAYMENTSCard Processing, ACH, check approval, and point-of-sale$5.2bnpayments processed in 2025~10,000 open merchant accountsPAYROLLPayroll management, payments and tax reporting~1,000payroll clients~20,000 employees paid50-state retail and wholesale agency offering key-person life and P&C insurance (1) LTM is the twelve months ended 9/30/2026(2) Data per SBA 7(a) Lender Report, SBA fiscal year 2026 ending September 30, 2026
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www.newtekone.com 6 NewtekOne’s EcoSystem:SMB Value Proposition - “The Newtek Advantage”GROW BUSINESS OWNER REVENUESPayments– Accept every way a customer pays, on NewtekOne’s own merchant acquiring platform: card, contactless and mobile wallets, ACH, digital invoicing and recurring billingE-commerce– Tailored secure end-to-end e-commerce platformsCapital to grow – Up to $15m per relationship, with long-amortization loan structures and no restrictive standard bank covenants, so cash flow funds expansionREDUCE BUSINESS OWNER RISKDeposits– A federally chartered, FDIC-insured operating account, not a partner-bank arrangementOne accountable provider– 24/7/365 live US support by phone, chat,and US staff on camera, with no handoff between the processor and bankInsurance offered inside lending application– Key-person life, flood and P&C placed in the loan workstream, so closing conditions are met without a separate applicationONE PLATFORM, REAL-TIME DATAReal-time view– Balances, card batches, chargebacks, ACH and Fed wires visible daily in Newtek Advantage®Owner analytics– Transaction history signals capital needs early, plus free document storage and QuickBooks® integrationOne onboarding– A single application opens banking, payments, lending, payroll and insurance, with accounts opened in as little as one business day REDUCE BUSINESS OWNER EXPENSESBanking– A truly zero-fee structure: free ACH and wires, bill pay, no statement or maintenance fees, and no minimums to open an account Payroll– Guaranteed 15-20% processing savings vs. national payroll bureaus, billed direct to the client– Same-day employee payment when payroll is paired with a Newtek Bank fee-free business checking accountInsurance– Free premium and coverage evaluation or validation for existing or prospective clients at no charge on commercial P&C and personal lines, with no separate broker to manage SMB Owner / OperatorOne Relationship,Five Solutions One integrated platform for SMBs to grow revenue, reduce expenses, and reduce risk
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www.newtekone.com 7 NewtekOne: A Powerful Technology Driven Engine1 · REFERRALS IN600 – 800unique referrals per day – No branches, bankers, or brokers– Hundreds of alliance partners– Referral partners paid only on closed accounts – no cost for referrals– Includes influencers sourcing referrals at no cost to Newtek BanksCreditUnionsTradeAssns.CPAsLawFirmsAlliance Partners2 · NEWTRACKER® – THE PATENTED ENGINE OneApplication Tracking Under-writing Data AccountOpening AIIntake CRMComplianceOne application, one CRM Opens any product and is the single CRM across all five solutionsReal-time tracking Partners follow every referral through to closeAI intake AI populates intake, underwriting and account-opening forms, as well as the credit memo~2.5m referralsidentified over 20 years in a proprietary databaseCore integration Connection with third-party cores allows partner banks to transfer client data from their own coreUnderwriting & ComplianceProvides real-time status review, compliance and oversight for alliance partners 3 · PRODUCTSBankingLendingPaymentsInsurancePayrollOne application opens any of the five solutions with simultaneous quotesEXAMPLE PRODUCT BUNDLE –TRIPLE PLAY:– Instant Line of Credit– Instant Merchant Account– Approved Bank Account~1.5average products per customer1Twenty years of referral data feeding an AI-assisted intake that underwrites, opens accounts, and cross-sells within a single application(1) Excludes consumer deposit accounts
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www.newtekone.com 8 The Newtek Advantage®: A Single Pane of Glass KEY CLIENT BENEFITSReal-Time Payments clarity– Faster settlement with real-time visibility, card processing, and chargeback data– FedNow receiver– Zelle for Business to be installed by end of Sept.– Same day payroll solutions and funding for merchant services Value beyond banking– Unlimited document storage– Website traffic analytics– Two-way QuickBooks® integration — reverse data flow into the dashboard Digital-first entry– One secure onboarding unlocks banking, payments, lending, payroll and insurance– Accounts can be opened within one business day and with no physical branch– A named relationship manager anchors the experience and connects the customer to the right specialistComplete financial picture– Live view of cash flow, payments, loans, banking, and payroll – On-camera access 24 / 7 / 365 to U.S.-based solution specialists across all business lines– Visibility across financial and operating activity PROVEN ACCOLADES4 stars on DepositAccounts.com, compared to <2 stars Chase, Bank of America, Wells Fargo3#1 payroll provider; #2 in payments A+ Better Business Bureau rating★ ★ ★ ★ #1 SBA 7(a) lender by number of loans approved, FY2026 YTD 4.9 / 5NewtekOne on Trustpilot1354 reviews – 96% five-star4.5 / 5Newtek Bank on Trustpilot1470 reviews – 86% five-starAbove bank average of 2.5 (1) Trustpilot scores and review counts as most recently published, (2) Coleman Report, February 2026, (3) positAccounts.com, September 2026
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www.newtekone.com 9 The NewTracker Platform at a GlanceStaffSales, underwriting, operationsClientsSmall businessesReferral partnersPartners and ISOsApplicantsGuided applicationsDevelopersPartner API clients↓ secure sign-in: Microsoft Entra SSO · API tokens · applicant sessions · MFANewTracker · one codebase, built and owned by NewtekEmployee portalClient portalPartner portalGuided application flowsDeveloper API and webhooksReferrals and CRMLending and SBABank accounts and credit linesMerchant servicesPayrollInsuranceDocuments and e-signAI servicesCommunications↓Main databaseMariaDBCacheRedisDocument storageAzure BlobMerchant databaseNMS ⇄VENDOR SYSTEMSBank core and ledgerFiserv and PCFSOnline bankingApitureCard processingFirst Data / Fiserv North50+ other servicesIdentity, credit, SBA, payments, payroll, insurance, e-sign, AI, commsWorkflow engineEvents, job queues, scheduler
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www.newtekone.com 10 Tangible Book Value per Share Growth • BV/share ended 3Q26 at $12.80, up 1.3% Q/Q and 9.2% Y/Y.• TBV/share1 increased 1.4% Q/Q and 9.6% Y/Y.• TBV/share is up 77.7% in 14 quarters since converting to technology-enabled financial holding company in January 2023.• Including $2.81/share of cumulative common dividends declared and $5.38/share of TBV growth since conversion, NewtekOne has delivered $8.19/share to shareholders, more than double 1Q23 TBV of $6.92/share. TBV ended 3Q26 at $12.30/share. 1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 31..
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www.newtekone.com 11 Deposit Growth•Q/Q $ Deposit changes◦ Non-Affiliate Business: +$13 million (+4%)◦ Core Consumer: +$231 million (+13%)◦ Wholesale: +$93 million•Y/Y $ Deposit changes◦ Non-Affiliate Business: +$109 million (+48%)◦ Core Consumer: +$1,087 million (+126%)◦ Wholesale: +$109 million•Q/Q # Deposit accounts◦ Business: +711 accounts◦ Core Consumer: +5,037 accounts•# Deposit accounts◦ Business: 11,646 accounts◦ Core Consumer: 35,589 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 = 95%; insured = 79% $ 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, $107M for 2Q26, and $90M for 3Q26 # Deposit Accounts
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www.newtekone.com 12 2024 - 12025 - 12026 - 1Securitization$190.5$216.0$342.0Initial ALP Loan Balances $125.5$192.5$305.5Outstanding Loan Balances as of 9/30/26$154.3$184.4$295.0Notes Initially Issued in Securitization$77.2$146.2$246.0Securitization Notes Outstanding*$36.2$31.6$47.0Initial Overcollateralization$48.3$46.3$59.5Current OvercollateralizationYesNoNoWith JV Partner?*Notes: Remaining notes in securitization are estimates.$ in millions • Outstanding loan balances and securitization notes outstanding in our oldest outstanding ALP securitization (2024-1) have declined by 34% and 50%, respectively.• Outstanding loan balances and securitization notes outstanding in the 2025-1 securitization that closed in April 2025 have declined by 11% and 21%, respectively.• Outstanding loan balances and securitization notes outstanding in the 2026-1 securitization that closed in January 2026 have declined by 11% and 17%, respectively.• Growing overcollateralization positions over time.Status of Three Active C&I LA Loan Securitizations
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www.newtekone.com 13 Newtek Bank, N.A. Financial Highlights3Q262Q261Q264Q253Q25Financial Performance3.65 %4.90 %4.34 %2.68 %3.68 %Return on Average Assets44.1 %59.4 %47.8 %23.9 %32.0 %Return on Average Equity45.8 %63.5 %51.6 %27.7 %35.4 %Return on Average Tangible Common Equity38.0 %37.0 %40.0 %48.5 %46.8 %Efficiency Ratio3Q262Q261Q264Q253Q25Margin Trends31,01325,32720,39520,36218,325Net Interest Income ($000s)4.84 %4.55 %4.35 %5.32 %5.40 %Net Interest Margin (NIM)3.81 %3.62 %3.71 %3.60 %3.76 %Cost of Deposits3Q262Q261Q264Q253Q25Sequential Quarterly Growth22 %22 %20 %12 %15 %Loans4 %5 %17 %16 %3 %Business Deposits13 %21 %38 %19 %12 %Core Consumer Deposits3Q262Q261Q264Q253Q25Capital & Credit10.6 %11.5 %11.1 %12.1 %13.0 %Tier 1 Capital Ratio11.8 %12.7 %12.4 %13.4 %14.3 %Total Risk-Based Capital Ratio8.4 %8.6 %9.1 %10.3 %11.2 %Leverage Ratio3.25 %3.74 %1.86 %1.95 %2.18 %Accruing Loans Past Due 30+ Days1/ Loans2.76 %3.99 %2.39 %2.56 %2.86 %Accruing Loans PD 30+ Days1/ Loans (ex-gov’t gtds)10.38 %7.00 %5.62 %6.11 %5.82 %Nonaccruals / Total Loans3.97 %4.14 %4.36 %5.43 %5.69 %Nonaccruals / Total Loans (ex-gov’t gtds)5.18 %5.31 %5.10 %5.38 %5.73 %ACL / Ungtd Loans HFINote: Reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 31.1Accruing loans past due 30+ days includes loans 90+ days past due and still accruing
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www.newtekone.com 14 Newtek Bank, N.A. Credit Quality Overview Loans HFI 30 Days+ Past Due, Accruing*NPLs HFI*3Q262Q261Q264Q253Q252.76%3.99%2.39%2.56%2.86%30 days+ past due and accruing/Total Loans (excluding Gtd’s)*3.97%4.14%4.36%5.43%5.69%NPLs/Total Loans (excluding Gtd’s)*4.36%4.63%4.73%5.04%5.42%ACL /Loans HFI5.18%5.31%5.10%5.38%5.73%ACL/Loans HFI (excluding Gtd’s)* Provision for Credit Lossesvs Net Charge-Offs$ in millions *Note: Guaranteed SBA 7(a) loans excluded from calculation.
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www.newtekone.com 15 Newtek Bank - Quarterly Profitability Snapshot Return on Avg. Tangible Common Equity1- 3Q25 vs. 3Q26 Operating Efficiency Ratio1- 3Q25 vs. 3Q26 Return on Avg. Assets1- 3Q25 vs. 3Q26 Return on Avg. Equity1- 3Q25 vs. 3Q261Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 31.
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www.newtekone.com Frank M. DeMaria, EVP & CFO
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www.newtekone.com 171 Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 31. – NewtekOne’s 3Q26 net interest income of $18.9 million increased 30% Y/Y and 26% Q/Q.– NewtekOne’s YTD ‘26 net interest income of $51.1 million increased 20% compared to YTD ‘25 net interest income.– NewtekOne’s 3Q26 and YTD ‘26 net interest income comprised 26% and 23% of revenue, respectively, compared to 19% and 20% for 3Q25 and YTD ‘25. $ in thousands Net Interest Income
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www.newtekone.com 18 • 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) = 8.08%as of September 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 19 One integrated platform built over 28 years to serve the 36 million US SMBs through five fully digital solutions without the use of traditional bankers, brokers, or BDOsProprietary, Internally DevelopedTechnology StackWhat Makes NewtekOne UniqueDigital Account Opening| Automated, frictionless loan origination platform|Automated lead generation| Real-time payments| NewTracker®| Newtek Advantage®Differentiated Origination EngineDirect sourcing pipeline of alliance referrals| Digital marketing| large database of current and prospective clientsClosed-loop Customer FunnelBorrowers required to make payment from a Newtek Bank account| Cross service opportunity - One customer application feeds all solutionsHigher Risk-Adjusted ReturnsWider lending spreads| Competitive, market rates to depositors | Longer amortization schedules| Deep securitization expertiseScalable Operating InfrastructureBranchless| No traditional commercial bankers | No brokers| No business development officers | Capacity for balance sheet growthBanking| Lending | Real-time payments| Insurance | PayrollComplete Offering of Solutions for SMBs
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www.newtekone.com Appendix
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www.newtekone.com 21 Total Loans - NewtekOne and Newtek Bank3Q262Q261Q264Q253Q25Loans ($000s)$ 1,871,624$ 1,582,150$ 988,269$ 896,689$ 834,087Newtek Bank -Loans HFI305,859220,62798,551——Newtek Bank -C&I LA Loans HFS314,418249,423602,118518,141435,486Newtek Bank -Other Loans HFS261,396278,955264,011281,198305,720Holding Company -Loans HFI9,10310,70520,237415,148286,628Holding Company -C&I LA HFS43,07940,50168,71465,08063,565Holding Company -Other Loans HFS$ 2,805,479$ 2,382,361$ 2,041,900$ 2,176,256$ 1,925,486TOTAL3Q262Q261Q264Q253Q25% of Total Loans89 %86 %83 %65 %66 %Newtek Bank11 %14 %17 %35 %34 %Holding Company
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www.newtekone.com 22 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 23 C&I LA Loan Metrics•Principal balance of outstanding C&I LA Loans at 9/30/26 (includes loans off balance sheet in JV and securitizations) of $907 million.• Non-performing C&I LA loans on a fair value basis totaled $82.3 million.• Weighted average FICO Score of 727• Weighted average LTV at origination of 49%• Weighted average debt service coverage ratio (DSCR) of 2.90• Weighted average coupon of 13.41%• Weighted average spread to base rate of 9.36% • Weighted average seasoning of 16.1 months• Weighted average remaining term of 260.6 months• Top five state concentrations (% of remaining principal)• FL – 19.2%• NY – 13.1%• CA – 8.9%• TX – 7.9%• NJ – 6.6%• No industry concentration greater than 11.0% of C&I LA loans
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www.newtekone.com 24 • 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 25 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 26 $ in thousands NSBF Portfolio Wind Down Continues3Q262Q261Q264Q253Q25$139,547$156,379$178,982$193,511$215,464Accruing Portfolio(at cost)$68,079$68,168$62,205$64,024$64,809Nonaccruals(at fair value)$96,356$105,099$113,944$127,050$140,596Outstanding Securitization Notes$223,662$231,899$243,112$250,581$256,943NSBF Equity8%10%13%13%15%NSBF Loans / Total Consolidated On-Balance Sheet Loans$ in thousands• NSBF run-off continues. Accruing portfolio down $75.9 million Y/Y , or roughly 35%.• 100% of NSBF portfolio is aged 36 months or more, and the portfolio’s weighted average life approximates 73 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 27 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) 3Q26 capital ratios are preliminary NewtekOne: Assets vs. Regulatory Capital Ratios
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www.newtekone.com 28 Net Interest MarginFor the Three Months Ended June 30, 2026For the Three Months Ended September 30, 2026AverageYield/CostInterestInc./Exp.($000s)AverageBalance($000s)AverageYield/CostInterestInc./Exp.($000s)AverageBalance($000s)3.38 %5,742680,350Interest-earning balances3.04 %4,717616,749Interest-earning balances4.15 %21720,959Investment securities4.32 %17215,798Investment securities7.72 %40,3352,094,500Loans7.95 %48,4672,419,620Loans6.64 %46,2942,795,809Interest-earning assets6.94 %53,3563,052,167Interest-earning assets3.75 %18,5991,990,576Interest-bearing deposits3.76 %22,3172,355,590Interest-bearing deposits2.62 %436,571Borrowings - NBNA1.89 %153,155Borrowings - NBNA9.04 %6,918306,937Unsecured notes - HC8.95 %6,930307,318Unsecured notes - HC7.06 %1,928109,522NSBF securitization - HC7.04 %1,785100,728NSBF securitization - HC11.28 %3,842136,541Other borrowings - HC9.97 %3,417136,069Other borrowings - HC9.12 %12,731559,571Borrowings8.81 %12,147547,270Borrowings4.93 %31,3302,550,147Interest-bearing liabilities4.71 %34,4642,902,860Interest-bearing liabilities2.15 %14,9642,795,809Avg. Earning Assets / NIM12.46 %18,8923,052,167Avg. Earning Assets / NIM1 adjusting for off-balance sheet activity:adjusting for off-balance sheet activity:7.95 %64,3683,246,836Adjusted earning assets8.06 %70,7323,482,461Adjusted earning assets5.16 %39,2583,050,397Adjusted liabilities4.95 %42,1793,384,453Adjusted liabilities3.10 %25,1103,246,836Adjusted NIM3.26 %28,5533,482,461Adjusted NIM1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 31.
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www.newtekone.com 29 Public Market Comparables (1) Source: S&P Capital IQ as of 10/27/26(2) 2026 and 2027 EPS and 2026 ROA for peers are based upon consensus estimates.(3) NEWT 2026 and 2027 P/EPS ratios based on mid-point on NEWT-provided 2026 and 2027 guidance ranges.
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www.newtekone.com GAAP to Non-GAAP Reconciliations
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www.newtekone.com 311 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.September 30, 2025June 30, 2026September 30, 2026(dollars and number of shares in thousands)Return on Average Equity and Average Tangible Common Equity$17,901$14,611$10,704Numerator: Net Income (GAAP)(472)(1,063)(1,063)Dividend on preferred equity17,42913,5489,641Numerator: Adjusted net income339,077409,033415,748Average Total Shareholders' Equity1 20.4%13.3%9.2%Return on Average Equity1 35,80248,18148,181Deduct: Preferred Stock (GAAP)303,275360,852367,567Average Common Shareholders' Equity1 21.0%14.3%10.2%Return on Average Common Equity14,65314,54414,510Deduct: Average Goodwill and Intangibles1 $288,622$346,308$353,057Denominator: Average Tangible Common Equity1 24.0%15.7%10.8%Return on Average Tangible Common Equity1Return on Average Assets$17,901$14,611$10,704Numerator: Net Income (GAAP)2,262,6782,971,0973,270,779Denominator: Average Assets1 3.14%1.97%1.30%Return on Average Assets1Pre-Provision Net Revenue (PPNR)$25,066$19,150$14,220Net Income before Taxes (GAAP)7,71212,11415,393Add: Provision for Credit Losses (GAAP)$32,778$31,264$29,613Pre-Provision Net Revenue1,2Pre-Provision Return on Average Assets (PPROA)$32,778$31,264$29,613Pre-Provision Net Revenue1,22,262,6782,971,0973,270,779Denominator: Average Assets1 5.75%4.22%3.59%Pre-Provision Return on Average Assets1
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www.newtekone.com 32 As of and for the three months endedNewtekOne, Inc.September 30, 2025June 30, 2026September 30, 2026(dollars and number of shares in thousands)Efficiency Ratio$42,159$43,817$42,172Numerator: Non-Interest Expense (GAAP)14,54914,96418,892Net Interest Income (GAAP)60,38860,11752,893Non-Interest Income (GAAP)$74,937$75,081$71,785Denominator: Total Income56.3%58.4%58.7%Efficiency Ratio1Tangible Book Value Per Share$386,707$413,373$418,124Total Shareholders' Equity (GAAP)14,63314,52614,493Deduct: Goodwill and Intangibles (GAAP)$372,074$398,847$403,631Numerator: Total Tangible Book Value1 28,87628,89928,892Denominator: Total Number of Shares Outstanding$12.89$13.80$13.97Tangible Book Value Per Share1Tangible Book Value Per Common Share$372,074$398,847$403,631Total Tangible Book Value1 48,18148,18148,181Deduct: Preferred Stock (GAAP)$323,893$350,666$355,450Numerator: Tangible Common Book Value1 28,87628,89928,892Denominator: Total Number of Shares Outstanding$11.22$12.13$12.30Tangible Book Value Per Common Share11 Non-GAAP financial measure
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www.newtekone.com 33 As of and for the three months endedNewtek Bank, NASeptember 30, 2025June 30, 2026September 30, 2026(dollars in thousands)Return on Average Tangible Common Equity$12,573$27,578$23,685Net Income (GAAP)156,586186,229213,369Average Total Shareholders' Equity1 31.9%59.4%44.1%Return on Average Equity15,05911,9808,157Deduct: Average Goodwill and Intangibles1 $141,527$174,249$205,212Denominator: Tangible Average Common Equity1 35.3%63.5%45.8%Return on Average Tangible Common Equity1Return on Average Assets$12,573$27,578$23,685Numerator: Net Income (GAAP)1,355,1082,255,7752,573,071Denominator: Average Assets1 3.68%4.90%3.65%Return on Average Assets1Efficiency Ratio$22,333$28,377$28,916Numerator: Non-Interest Expense (GAAP)18,32525,32731,013Net Interest Income (GAAP)29,41451,46644,999Non-Interest Income (GAAP)$47,739$76,793$76,012Denominator: Total Income46.8%37.0%38.0%Efficiency Ratio1Net Interest Margin18,32525,32731,013Net interest income (GAAP)1,348,1042,230,4112,542,101Average interest-earning assets5.40%4.55%4.84%Net Interest Margin1Cost of Deposits11,09218,85622,508Interest Expense on deposits (GAAP)1,171,0782,089,0652,346,323Average deposits3.76%3.62%3.81%Cost of Deposits11 Non-GAAP financial measure
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www.newtekone.com 341 Non-GAAP financial measure.. As of and for the three months endedNewtekOne, Inc.September 30, 2026June 30, 2026March 31, 2026December 31, 2025September 30, 2025383,247269,502200,474178,006156,216Nonacrrual Loans (N/As)(GAAP)2,805,4792,382,3612,041,9002,176,2561,925,486Total Loans(GAAP)190,697186,415159,517147,657135,785N/As excluding Guaranteed SBA 7(a) nonaccruals1 2,612,9292,299,2742,000,9432,145,9071,905,055Loans excluding Guaranteed SBA 7(a) nonaccruals1 122,618118,24797,35083,63370,976N/As excluding NSBF & Guaranteed SBA 7(a) nonaccruals1 2,231,8002,020,3191,736,9701,864,7091,599,335Loans excluding NSBF & Guaranteed SBA 7(a) nonaccruals1