Newtekone, Inc. · NASDAQ:NEWT
Newtekone — Investor Day (January 2026)
36 slides from Newtekone's investor day presentation, Jan 8, 2026
Slide 1: Investor Day 2026
NASDAQ: NEWT Investor Day 2026 January 8, 2026 Hosted and Presented by: Barry Sloane, Chairman, President & CEO Frank M. DeMaria, EVP & Chief Financial Officer Peter Downs, President, Newtek Bank, N.A. Andrew Kaplan, Chief Strategy Officer Investor Relations Bryce Rowe browe@newtekone.com (212) 273-
Slide 2: Note Regarding Forward-Looking Statements
Note Regarding Forward-Looking Statements Certain statements contained in and made during this presentation include statements about our plans and future prospects for NewtekOne, Inc and our consolidated subsidiaries (the “Company”) and our industry that are “forward looking statements” within the m
Slide 3: Investor Day Agenda
Investor Day Agenda • Lunch: 12:00 – 1:00 PM • Introduction: 1:00 – 1:05 PM - Bryce Rowe,VP, Investor Relations • Financial Presentation, including 2026 Forecast: 1:05 – 1:35 PM - Barry Sloane, Chairman, CEO, & President - Frank DeMaria, EVP & Chief Financial Officer • The Newtek Advantage®: 1:35 –
Slide 4: NewtekOne, Inc. Mission Statement and Purpose
NewtekOne, Inc. Mission Statement and Purpose 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 be more successful. www.newtekone.com 4
Slide 5: NewtekOne Snapshot
NewtekOne Snapshot • NewtekOne is a technology enabled financial holding company regulated by the Board of Governors of the Federal Reserve System, owning and operating a nationally chartered digital bank that operates exclusively using online banking without physical branches. • In January 2023, Ne
Slide 6: NewtekOne: A Developing Disruptor That is Misunderstood
NewtekOne: A Developing Disruptor That is Misunderstood • What is different about NewtekOne’s operating model? - Wider lending margins are accompanied by higher levels of nonperforming loans (NPLs), larger provisions for credit losses (PCLs), and a higher allowance for credit losses (ACL). - We beli
Slide 7: The Model Is Working
The Model Is Working Frank M. DeMaria – EVP and Chief Financial Officer www.newtekone.com
Slide 8: Tangible Common Book Value per Share Growth
Tangible Common Book Value per Share Growth • Since transitioning to a financial holding company in 1Q23, book value/share has increased 45% from $8.06 to $11.72 while tangible common book value (TBV)/share1 has increased 62% from $6.92 to $11.22. • In addition to TBV/share growth of $4.30, NewtekOn
Slide 9: Consistent Revenue Growth
Consistent Revenue Growth NewtekOne Revenue $300 $282 $258 $250 $203 $200 $150 $M $100 $50 $- 2023 2024 2025* Net Interest Income Noninterest Income Revenue * Annualized nine months ending September 30 . www.newtekone.com 9
Slide 10: Consistently Improving Operating Efficiency
Consistently Improving Operating Efficiency • An improving operating efficiency ratio1 demonstrates the scalability of NewtekOne digitally delivering financial and business solutions to its independent business owner clients. NewtekOne Operating Efficiency Ratio 90% 85% 83% 80% 76% 75% 71% 70% 66% 6
Slide 11: Consistently Strong Profitability
Consistently Strong Profitability NewtekOne Return on Avg. Assets1 NewtekOne Return on Avg. Equity1 4.50% 30.0% 4.1% 26.0% 4.00% 25.0% 3.50% 20.9% 3.1% 3.2% 20.2% 3.0% 2.9% 20.0% 18.8% 3.00% 2.8% 2.8% 17.9% 17.0% 17.3% 2.6% 2.50% 15.0% 13.5% 2.1% 12.7% 12.0% 2.00% 1.8% 1.8% 10.1% 10.0% 1.50% 1.00% 5
Slide 12: Asset Growth Supported by Healthy Capital Ratios
Asset Growth Supported by Healthy Capital Ratios NewtekOne: Assets vs. Regulatory Capital Ratios 2,500 23% 20% 2,000 17% ($M) 1,500 14% 11% 1,000 8% 500 5% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Assets T1L CET1 TRBC Notes: (1) Assets – left axis (2) right axis: Tier 1 Leverage Ratio
Slide 13: 2026 Forecast
2026 Forecast Low Mid High EPS $ 2.15 $ 2.35 $ 2.55 Book Value/Share $ 13.49 $ 13.69 $ 13.89 TBV/Share $ 12.98 $ 13.18 $ 13.38 Revenue $ 315 $ 330 $ 345 Operating expenses $ 175 $ 185 $ 195 Net Income $ 62 $ 68 $ 74 $ in millions except for per share data . Loan production assumptions: SBA 7(a) orig
Slide 14: The Newtek Advantage®
The Newtek Advantage® One Dashboard. A Single Pane of Glass. Built for Business. Andrew Kaplan – Chief Strategy Officer www.newtekone.com 14
Slide 15: Streamlined Solutions for Business Owners
Streamlined Solutions for Business Owners Payments, Cash Flow, and Financing Are Interconnected for Business Owners The modern independent business owner’s financial life is interconnected and horizontal, spanning banking, payments, payroll, loans, and insurance. Business Owner Needs However, financ
Slide 16: The Newtek Advantage®: A Better Client Experience
A Better Client Experience The Newtek Advantage® A Fully Integrated Operating Platform and a Differentiated Client Experience A level of integration others would be hard pressed to replicate No comparable platform exists with this breadth and depth, and competitors are constrained by legacy systems,
Slide 17: A Single Pane of Glass for Business Owners
A Single Pane of Glass for Business Owners Digital-first entry Reduced friction Payments clarity A complete Built-in value into the financial through connected and control financial picture in beyond core ecosystem services one place financial services One secure onboarding An integrated financial F
Slide 18: For Partners
Partner Benefits For Partners The Newtek Advantage® Enhances Deposit & Loan Growth and Client Retention The Newtek Advantage® is designed for deployment by banks and credit unions seeking to modernize client experience and expand product offerings while NewtekOne expands distribution and scales reve
Slide 19: The Newtek Advantage® Advantage
The Newtek Advantage® Advantage The acquisition of a bank was a critical strategic decision, anchoring the Newtek Advantage® in banking and payments—the place independent business owners repeatedly return to see what is happening in their business. By embedding loans, payments, payroll, insurance, a
Slide 20: Technological Advantage in Banking & Our Use of AI
Technological Advantage in Banking & Our Use of AI Peter Downs – President, Newtek Bank, N.A. www.newtekone.com
Slide 21: Transforming Lending Operations
Lending Operating System: Driving Scale and Efficiency Transforming Lending Operations • Scale Without Hiring – Automate workflows to handle growth without increasing headcount • Digital Customer Access – Enable customers to apply, track and manage loans online • Faster Decision Making – AI-driven a
Slide 22: Simplifying Small Business Banking
Digital Deposit Account Opening For Business Customers Simplifying Small Business Banking • Ease of Application – Simple, intuitive process for small businesses to open deposit accounts online • Integrated with the Loan Operating System (LOS) – No redundant data entry by customer, information flows
Slide 23: Use of AI in Lending: Today and Tomorrow
Use of AI in Lending: Today and Tomorrow • Call Recording & Translation – Converts initial prequalification call into transaction summaries that are instantly added within the credit template • Automated Review of Financial Data – Tax transcripts, bank statements and credit bureau information integr
Slide 24: Tangible Offerings: Powered by the LOS, DAO and AI
Tangible Offerings: Powered by the LOS, DAO and AI • Small Business Term Loan Launch – Apply and Prequalify in 7 minutes, Close and Fund in 7 days or less - Long-term loan (up to 10-year amortization) allowing for lower payments - Secured by business and personal assets - Meets SBA eligibility crite
Slide 25: Securitizations of C&I Loans Held for Sale (Alternative Loan Program)
An Underappreciated Aspect of NewtekOne Securitizations of C&I Loans Held for Sale (Alternative Loan Program) Barry Sloane – NewtekOne, Inc. Chairman, CEO, and President www.newtekone.com
Slide 26: C&I Loans Held for Sale (aka ALP Loans)
C&I Loans Held for Sale (aka ALP Loans) • C&I loans held for sale have stronger risk profiles than those of SBA 7(a) loans. - Operating history is longer. - Loan to value is lower. - Guarantors with stronger liquidity and supporting financials. - Each loan has a business appraisal. • Approximately $
Slide 27: ALP Securitizations
ALP Securitizations • NewtekOne has issued 16 securitizations and anticipates a 17th in January. - 13 of the 16 securitizations were backed by SBA 7(a) loans. - 3 securitizations backed by ALP loans and a 4th expected to be issued in January. • NALP Business Loan Trust 2025-1 (“2025-1”), NALP Busine
Slide 28: Our Equity in ALP Securitizations
Our Equity in ALP Securitizations • NewtekOne retains on its balance sheet its equity interest in the 2025-1 Securitization, which is represented by the ownership certificate (“OC”) (since the loans in the 2025-1 transaction are held off balance sheet) and anticipates retaining the OC of 2026-1. • T
Slide 29: Equity Certificates in Securitizations
Equity Certificates in Securitizations • Cash flows of the securitizations are influenced by the spread between interest rates of loans and securitized debt, loan default frequency and severity, and loan prepayments. - ALP loans have rates fixed for five years at the initial rate, which establishes
Slide 30: Performance of Securitizations
Performance of Securitizations • Performance of the two current securitizations, 2025-1 and 2024-1, show - Securitized debt being retired at a faster pace than loans due to excess net spread between the yield on loans and coupon on securitized debt. - The book values (or overcollateralization positi
Slide 31: Hypothetical Securitization Income Example
Hypothetical Securitization Income Example Loan Pool: $ 300,000,000 • Hypothetical example uses assumed metrics comparable to Securitized Debt: $ 255,000,000 Overcollateralization/ 2025-1. $ 45,000,000 Book Value: Relevant Assumptions: • Hypothetical $300 million loan pool generates $22.7 million of
Slide 32: Income Statement Mechanics of ALP Securitization
Income Statement Mechanics of ALP Securitization • Loans have historically transferred from warehouse facilities to securitizations. • Mechanics of an ALP securitization transaction: - Unrealized gains on loans being placed into securitization are reversed. (I/S line item = net gain/(loss) on loans
Slide 33: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations www.newtekone.com
Slide 34: www.newtekone.com
NewtekOne, Inc. As of and for the three months ended (dollars and number of shares in thousands) March 31, 2023 June 30, 2023 September 30, 2023 December 31, 2023 Return on Average Tangible Common Equity Numerator: Net Income (GAAP) $ 18,550 $ 7,011 $ 10,919 $ 11,120 Dividend on preferred equity (24
Slide 35: www.newtekone.com
NewtekOne, Inc. As of and for the three months ended (dollars and number of shares in thousands) March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 Return on Average Tangible Common Equity Numerator: Net Income (GAAP) $ 9,650 $ 10,948 $ 11,934 $ 18,321 Dividend on preferred equity (40
Slide 36: www.newtekone.com
NewtekOne, Inc. As of and for the three months ended (dollars and number of shares in thousands) March 31, 2025 June 30, 2025 September 30, 2025 Return on Average Tangible Common Equity Numerator: Net Income (GAAP) $ 9,367 $ 13,703 $ 17,901 Dividend on preferred equity (400) (400) (472) Numerator: A