NewtekOne (NEWT) Q2 FY26 earnings call

NewtekOne reported a strong quarter with significant growth in tangible book value and bank net interest income, driven by its technology-enabled digital banking model. The company is strategically shifting to hold more loans on its balance sheet to generate stable net interest income, which will lead to a re-evaluation of near-term guidance. This move aims to align its valuation with traditional banks, leveraging its efficient deposit acquisition and risk management capabilities.