NewtekOne Lowers FY2027 GAAP EPS Guidance from $2.40-$2.80 to $2.00-$2.20 vs $2.44 Est
NewtekOne (NASDAQ:NEWT) lowers FY2027 GAAP EPS guidance from $2.40-$2.80 to $2.00-$2.20 vs $2.44 analyst estimate..
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B. Riley Securities Maintains Buy on NewtekOne, Lowers Price Target to $21
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NewtekOne Lowers FY2026 GAAP EPS Guidance from $2.15-$2.55 to $1.70-$1.80 vs $2.52 Est
NewtekOne (NASDAQ:NEWT) lowers FY2026 GAAP EPS guidance from $2.15-$2.55 to $1.70-$1.80 vs $2.52 analyst estimate..
NewtekOne Repositions Earnings Guidance with an Emphasis on Recurring Net Interest Income
NewtekOne announced updated EPS guidance for 2026 ($1.70-$1.80) and 2027 ($2.00-$2.20), reflecting a strategic decision to hold more guaranteed portions of SBA 7(a) loans on its balance sheet rather than selling them. This shift emphasizes net interest income growth over gain-on-sale income, with NII expected to grow from 21% of total revenue in 2025 to 30% or more by late 2026-2027. The company credits its bank subsidiary's strong deposit-gathering capabilities and digital banking platform for enabling this transition.