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NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) is pleased to provide the following preliminary loan and deposit metrics for its first quarter ending March 31, 2025:

• SBA 7(a) loans. In 1Q25, the Company originated 580 SBA 7(a) loans totaling $213 million, which compares to 1Q24 SBA 7(a) originations of 489 totaling $212 million. SBA 7(a) loans held for investment ("HFI") within Newtek Bank, N.A. ("Newtek Bank") stood at roughly $407 million as of March 31, up 7% from December 31, 2024 and 90% from March 31, 2024. NewtekOne continues to project SBA 7(a) originations for 2025 at $1 billion.
• Commercial Real Estate ("CRE") and Commercial & Industrial ("C&I") loans. Newtek Bank originated $41 million and $23 million of CRE and C&I loans HFI in 1Q25. Newtek Bank's CRE and C&I loans HFI portfolio totaled $231 million and $51 million, respectively, at March 31. Q/Q growth in the CRE portfolio was particularly strong at 20% while sequential net growth in the C&I portfolio of 7% included $20 million of C&I loans sold during Q1. Expected 2025 growth of $225 million in CRE and C&I balances implies a year-end combined CRE/C&I portfolio at Newtek Bank of roughly $464 million, or 94% Y/Y growth. We believe that growth of the CRE and C&I portfolio adds diversification to Newtek Bank's total loan portfolio and reduces risks with different borrower profiles and with loans underwritten in higher interest and cap rate environments.
• SBA 504 loans. In 1Q25, the Company's non-bank subsidiary and Newtek Bank originated $17 million of SBA 504 loans and executed $13 million of SBA 504 loan sales. The Company continues to anticipate $250 million of SBA 504 loan originations in 2025.
• Alternative Loan Program ("ALP") loans. The Company originated $68.5 million of ALP loans in 1Q25 and continues to estimate $500 million of ALP originations in 2025. ALP loans are held on the Company's balance sheet and in its two joint ventures.
• Deposits. Newtek Bank ended 1Q25 with approximately $1.06 billion1 of deposits, a sequential increase of 2% over 4Q24 and year-over-year increase of 88%. On a Q/Q basis, business deposits increased 8.9%, core consumer deposit balances grew 2.5%, and wholesale deposits declined 32%. The Company continues to project Newtek Bank's deposits to grow by $245 million in 2025.
  
   

Barry Sloane, CEO, President and Chairman, said, "As loan and deposit volumes are tracking at or above projections, we remain comfortable with 2025 EPS guidance of $2.10-$2.50 per share. We continue to find comfort in the above-average profitability our operating model generates, which we believe is particularly pertinent in times of elevated volatility similar to what the broader market is experiencing now. We look forward to sharing 1Q25 results with the investment community on May 6."