Recent Updates — NEWTZ

NewtekOne, Inc. announced an amendment to the employment agreement of Chief Financial Officer Frank DeMaria, effective August 16, 2026. The amendment modifies his severance entitlement to one times his annual base compensation in the event of termination without Just Cause. NewtekOne operates in the financial services industry, providing lending and asset management solutions.

NewtekOne, Inc. reported second quarter 2026 results with basic and diluted earnings per share of $0.48 and $0.47, respectively, compared to $0.53 and $0.52 in the prior year period. The company achieved a book value per common share of $12.64 and an efficiency ratio of 58.4%. Total assets grew to $3.18 billion, driven by a 124% year-over-year increase in core consumer deposits to $951 million. Loan originations included $104 million in C&I LA loans, $208 million in SBA 7(a) loans, and $49 million in SBA 504 loans. The company also paid a quarterly cash dividend of $0.19 per common share on July 1, 2026. NewtekOne operates as a financial holding company providing banking, lending, payment processing, and technology solutions to independent business owners.