Slide 1: Second Quarter 2026 Financial Results Conference Call
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 www.newtekone.com
Slide 2: Note Regarding Forward-Looking Statements
Note Regarding Forward-Looking Statements Certain 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” withi
Slide 3: 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 become more successful. www.newtekone.com 3
Slide 4: NewtekOne, Inc. Use of Technology
NewtekOne, Inc. Use of Technology 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. • Insufficie
Slide 5: NewtekOne Financial Structure and Product Solutions
NewtekOne Financial Structure and Product Solutions • 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 branc
Slide 6: NewtekOne's Target Market
NewtekOne’s Target Market • 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 busine
Slide 7: Quarterly Highlights
Quarterly Highlights • 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 a
Slide 8: Tangible Book Value per Share Growth
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 cumulati
Slide 9: NewtekOne - Quarterly Profitability Snapshot
NewtekOne - Quarterly Profitability Snapshot Return on Avg. Assets1 - 2Q25 vs. 2Q26 Return on Avg. Tangible Common Equity1 - 2Q25 vs. 2Q26 Return on Avg. Equity1 - 2Q25 vs. 2Q26 Operating Efficiency Ratio1 - 2Q25 vs. 2Q26 1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measur
Slide 10: Deposit Growth
Deposit Growth # Deposit Accounts • 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 m
Slide 11: Status of Three Active C&I LA Loan Securitizations
Status of Three Active C&I LA Loan Securitizations • 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 securit
Slide 12: Newtek Bank, N.A. Financial Highlights
Newtek Bank, N.A. Financial Highlights Financial Performance 2Q25 3Q25 4Q25 1Q26 2Q26 Return on Average Assets 4.05 % 3.68 % 2.68 % 4.34 % 4.71 % Return on Average Equity 34.5 % 32.0 % 23.9 % 47.8 % 57.1 % Return on Average Tangible Common Equity 35.7 % 35.4 % 27.7 % 51.6 % 61.1 % Efficiency Ratio 4
Slide 13: Newtek Bank, N.A. Credit Quality Overview
Newtek Bank, N.A. Credit Quality Overview 2Q25 3Q25 4Q25 1Q26 2Q26 30 days+ past due and accruing/ 2.85% 2.86% 2.56% 2.39% 3.99% Total Loans (excluding Gtd’s)* NPLs/ 5.30% 5.69% 5.43% 4.36% 4.14% Total Loans (excluding Gtd’s)* ACL / 5.55% 5.42% 5.04% 4.73% 4.63% Loans HFI ACL/ 5.78% 5.73% 5.38% 5.10
Slide 14: Newtek Bank - Quarterly Profitability Snapshot
Newtek Bank - Quarterly Profitability Snapshot Return on Avg. Assets1 - 2Q25 vs. 2Q26 Return on Avg. Tangible Common Equity1 - 2Q25 vs. 2Q26 Return on Avg. Equity1 - 2Q25 vs. 2Q26 Operating Efficiency Ratio1 - 2Q25 vs. 2Q26 1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial meas
Slide 15: Pre-Provision Net Revenue
Pre-Provision Net Revenue • 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 funct
Slide 16: Newtek Bank Loans HFI at Cost
Newtek Bank Loans HFI at Cost • 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. $ Mix of NBNA Loans HFI at Cost % Mix of NBNA
Slide 17: What Makes NewtekOne Unique and Special
What Makes NewtekOne Unique and Special • Digital Accounting Opening • Automated, Frictionless Loan Origination Platform • Automated Lead Generation • Real time payments • NewTracker® referral system • Newtek Advantage® www.newtekone.com 17
Slide 18: Appendix
Appendix www.newtekone.com
Slide 19: Total Loans - NewtekOne and Newtek Bank
Total Loans - NewtekOne and Newtek Bank Loans ($000s) 2Q25 3Q25 4Q25 1Q26 2Q26 Newtek Bank - Loans HFI $ 767,827 $ 834,087 $ 896,689 $ 988,269 $ 1,582,150 Newtek Bank - C&I LA Loans HFS — — — 98,551 220,627 Newtek Bank - 342,128 435,486 518,141 602,118 249,423 Other Loans HFS Holding Company - 326,1
Slide 20: C&I LA Loan Program Significantly Additive
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 guarantee
Slide 21: C&I LA Loan Metrics
C&I LA Loan Metrics • 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 origi
Slide 22: Economics of C&I LA Loan Securitizations
Economics of C&I LA Loan Securitizations • 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
Slide 23: Income Statement Mechanics of Securitizations
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 reco
Slide 24: NSBF Portfolio Wind Down Continues
NSBF Portfolio Wind Down Continues 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. 2Q25 3Q25 4Q25 1Q26 2Q26 Accruing Portfolio $235,
Slide 25: NewtekOne: Assets vs. Regulatory Capital Ratios
NewtekOne: Assets vs. Regulatory Capital Ratios Notes: (1) Left axis: Average Assets (2) Right axis: T1L = Tier 1 Leverage Ratio = Tier 1 Capital / Average Assets CET1 = Common Equity Tier 1 Ratio = Common Equity Tier 1 Capital / Risk-Weighted Assets TRBC - Total Risk-Based Capital Ratio = Total Reg
Slide 26: Net Interest Margin
Net Interest Margin For the Three Months Ended June 30, 2026 For the Three Months Ended March 31, 2026 Average Interest Average Average Interest Average Balance Inc./Exp. Yield/Cost Balance Inc./Exp. Yield/Cost ($000s) ($000s) ($000s) ($000s) Interest-earning balances 680,350 5,742 3.38 % Interest-e
Slide 27: Public Market Comparables
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 www.newtekone.com 27
Slide 28: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations www.newtekone.com
Slide 29: www.newtekone.com
NewtekOne, Inc. As of and for the three months ended (dollars and number of shares in thousands) June 30, 2026 March 31, 2026 June 30, 2025 Return on Average Equity and Average Tangible Common Equity Numerator: Net Income (GAAP) $14,611 $13,401 $13,703 Dividend on preferred equity (1,063) (1,063) (4
Slide 30: www.newtekone.com
NewtekOne, Inc. As of and for the three months ended (dollars and number of shares in thousands) June 30, 2026 March 31, 2026 June 30, 2025 Efficiency Ratio Numerator: Non-Interest Expense (GAAP) $43,817 $44,263 $42,309 Net Interest Income (GAAP) 14,964 17,226 13,923 Non-Interest Income (GAAP) 60,11
Slide 31: www.newtekone.com
Newtek Bank, NA As of and for the three months ended (dollars in thousands) June 30, 2026 March 31, 2026 June 30, 2025 Return on Average Tangible Common Equity Net Income (GAAP) $26,506 $20,201 $12,267 Average Total Shareholders' Equity1 186,229 171,737 142,811 Return on Average Equity 57.1% 47.8% 3
Slide 32: www.newtekone.com
NewtekOne, Inc. As of and for the three months ended June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 Nonperforming Loans (NPLs) 124,723 156,216 178,006 200,474 269,502 (GAAP) Total Loans 1,640,840 1,925,486 2,176,256 2,041,900 2,382,361 (GAAP) NPLs excluding Guarantee