NewtekOne

Q2 FY2026 EarningsQ2 FY26 results significantly exceeded top-line consensus, with total revenue reaching $106.4M vs. $74.9M expected (+42.06%). The beat was primarily driven by the transition to a bank-funded model, yielding $46.3M in interest income and a $20.7M gain on loans under the fair value option. While EBIT of $50.5M outperformed expectations by 61.28%, Diluted EPS of $0.47 was exactly in-line with consensus due to higher interest expenses on a rapidly growing deposit base and sustained credit loss provisions. Book Value Per Share (BPS) grew to $12.64, surpassing the $12.56 estimate.