NewtekOne revises down 2026/2027 EPS guidance, shares fall
NewtekOne (NEWT) revised its 2026 and 2027 EPS guidance downward, citing a strategic shift to hold more SBA 7(a) loan portions on its balance sheet following the acquisition of Newtek Bank. This change is expected to accelerate net interest income growth relative to noninterest income. Consequently, shares fell 2.60% to $12.00 in morning trading.
