Third Quarter 2026 Earnings Conference Call

NASDAQ: NEWT

Third Quarter 2026 Financial Results Conference Call

October 28, 2026

Hosted and Presented by: Barry Sloane, President & CEO Frank M. DeMaria, EVP & CFO

Investor Relations Bryce Rowe [email protected]

(212) 273-8292

• 3Q26 basic and diluted EPS of $0.34

• Reiterate 2026 EPS guidance range of $1.70-$1.80.

• "Up and to the right" pattern in book value and tangible book value intact.

  • Book value/share ("BV/share") and tangible book value/share1 ("TBV/share") ended 3Q26 at $12.80 and $12.30, respectively.

  • TBV/share up 10% Y/Y and 78% since Jan. '23 conversion to financial holding company.

• Continue to capture operating leverage.

  • On a year-over-year basis, 3Q26 and year-to-date ("YTD") operating expenses were flat and up 3.7%, respectively, on asset growth of 47%.

• Deposits more than doubled Y/Y for the second consecutive quarter.

  • In 15 quarters, we have grown Newtek Bank's deposits from $142 million to $2.6 billion.

  • Non-affiliate business deposits increased Q/Q and Y/Y by $13 million and $109 million, or 4% and 48%, respectively.

  • Core consumer deposits climbed Q/Q and Y/Y by $231 million and $1.1 billion, or 13% and 126%, respectively.

• Loan originations up Y/Y.

  • YTD loan originations of $1.2 billion are up 12% Y/Y; SBA 7(a) and longer-amortizing C&I ("C&I LA") loan originations comprise 56% and 20%, respectively, of YTD originations.

  • For the SBA's fiscal year ending September 30, 2026, Newtek Bank ranked number one by number of SBA 7(a) loans approved and number two by dollars approved.

1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 31.

3Q26 Highlights

One integrated platform built over 28 years to serve the 36 million US SMBs through five fully digital solutions without the use of traditional bankers, brokers, or BDOs

Technology-driven, scaled ecosystem for SMBs

28 years 3+ years

in business as an OCC-chartered, digital-direct bank

Banking | Lending | Insurance Payments | Payroll

Patented and proprietary capabilities

NewTracker®

patented prospect-management infrastructure + single CRM

Newtek Advantage®(patent pending)

single pane of glass delivering the full product suite

Unique, low-cost customer acquisition engine

600 - 800

unique business referrals per day

$0

cost per referral3

80,000+

users on the platform

2.5m referrals

proprietary database collected over 20 years

Tenured and scaled SMB loan originator and servicer

$1.5bn

LTM total funded originations2 3,507 Units

$787m

LTM SBA 7(a)

originations2

3,337 Units

#1

SBA 7(a)

lender by number approved¹

S&P-Rated Servicer

servicing $5bn, includes loans serviced for FDIC and National Credit Union Administration

Frictionless digital account opening infrastructure, gaining momentum

$2.5bn

deposits at Q3 '26

47.2k 62%

deposit accounts of lending clients with zero branches opened a business

deposit account since 2023

★

Robust, flexible financial return profile

$291.2m

LTM revenue2

$54.0m

LTM net income2

15.8%

LTM ROATCE2

1.89%

LTM ROAA2

1. Data per SBA 7(a) Lender Report, SBA fiscal year 2026 ending September 30, 2026

2. LTM is the twelve months ended 9/30/2026; Loan originations reflect funded amounts; Revenue represents net interest income plus fee income

3. Partners paid only on successful closing / account opening

NewtekOne Overview

Business checking / savings and consumer savings accounts Branchless, digital-direct bank

$2.5bn total deposits

Patented referral

& processing engine

One dashboard for

banking & payments

SMB Owner /

Operator

Addressable market of over 36m

U.S. businesses

CUSTOMER

CHANNELS & DELIVERY

NewTracker®

Newtek

Advantage®

111.6k / 35.6k business / consumer deposit accounts

SBA 7(a), SBA 504, C&I LA and conventional C&I / CRE

$1.5bn+ LTM originations1

#1 SBA 7(a) lender by loan count2

INSURANCE

50-state retail and wholesale agency offering key-person life and P&C insurance

25% life insurance attach on lending clients #~7,500 policies in force (1.5k bound YTD '26)

Card Processing, ACH, check approval, and point-of-sale

$5.2bn payments processed in 2025

~10,000 open merchant accounts

Payroll management, payments and tax reporting

~1,000 payroll clients

~20,000 employees paid

1. LTM is the twelve months ended 9/30/2026

2. Data per SBA 7(a) Lender Report, SBA fiscal year 2026 ending September 30, 2026

   NewtekOne's EcoSystem: Five Solutions Built around the SMB

   One integrated platform for SMBs to grow revenue, reduce expenses, and reduce risk

   GROW BUSINESS OWNER REVENUES

Capital to grow

SMB Owner / Operator

One Relationship, Five Solutions

Payroll

• Guaranteed 15-20% processing savings vs. national payroll bureaus, billed direct to the client

• Same-day employee payment when payroll is paired with a Newtek Bank fee-free business checking account

ee structure: free ACH and wires, bill pay, t or maintenance fees, and no minimums to ount

m and coverage evaluation or validation for ospective clients at no charge on

P&C and personal lines, with no separate nage

Insurance offered inside lending

• Key-person life, flood and P&C placed workstream, so closing conditions are separate application

  Deposits

• A federally chartered, FDIC-insured operating account, not a partner-bank arrangement

  One accountable provider

• 24/7/365 live US support by phone, chat,and US staff on camera, with no handoff between the processor and bank

  ing

  lication opens banking, payments, lending, nsurance, with accounts opened in as little ess day

  Real-time view

• Balances, card batches, chargebacks, ACH and Fed wires visible daily in Newtek Advantage®

  Owner analytics

• Transaction history signals capital needs early, plus free document storage and QuickBooks® integration

NewtekOne's EcoSystem:

SMB Value Proposition - "The Newtek Advantage"

AI intake ~2.5m referrals

AI populates intake, underwriting and identified over 20 years in a account-opening forms, as well as the proprietary database

credit memo

Core integration Underwriting & Compliance Connection with third-party cores Provides real-time status review, allows partner banks to transfer client compliance and oversight for alliance data from their own core partners

Real-time tracking Partners follow every referral through to close

One application, one CRM Opens any product and is the single CRM across all five solutions

Data

AI

Intake

Account

Opening

Under-

writing

CRM

Compliance

Tracking

One

Application

600 - 800

unique referrals per day

• No branches, bankers, or brokers

• Hundreds of alliance partners

• Referral partners paid only on closed accounts - no cost for referrals

• Includes influencers sourcing referrals at no cost to Newtek

CPAs Law Alliance

Firms Partners

Trade

Assns.

Banks Credit Unions

1. · REFERRALS IN

2. · NEWTRACKER® - THE PATENTED ENGINE

3. · PRODUCTS

Banking Lending Payments Insurance Payroll

One application opens any of the five solutions with simultaneous quotes

~1.5

average products per customer1

EXAMPLE PRODUCT BUNDLE -TRIPLE PLAY:

• Instant Line of Credit

• Instant Merchant Account

• Approved Bank Account

(1) Excludes consumer deposit accounts

NewtekOne: A Powerful Technology Driven Engine

A+ Better Business Bureau rating

#1 SBA 7(a) lender by number of loans approved,

FY2026 YTD

#1 payroll provider; #2 in payments

The Newtek Advantage® : A Single Pane of Glass

4 stars on DepositAccounts.com, compared to

<2 stars Chase, Bank of America, Wells Fargo3

★ ★ ★ ★

(1) Trustpilot scores and review counts as most recently published, (2) Coleman Report, February 2026, (3) positAccounts.com, September 2026

Staff

Sales, underwriting, operations

Clients

Small businesses

Referral partners Applicants

Partners and ISOs Guided applications

Developers

Partner API clients

⇄ VENDOR SYSTEMS

NewTracker · one codebase, built and owned by Newtek

Employee portal

Client portal

Partner portal

Guided application

flows

Developer API and

webhooks

Referrals and CRM

Lending and SBA

Bank accounts and

credit lines

Merchant services

Payroll

Insurance

Documents and e-

sign

AI services

Communications

Workflow engine

Events, job queues, scheduler

↓

Bank core and ledger

Fiserv and PCFS

Online banking

Apiture

Card processing

First Data / Fiserv North

↓ secure sign-in: Microsoft Entra SSO · API tokens · applicant sessions · MFA

Main database

MariaDB

Cache

Redis

Document storage

Azure Blob

Merchant database

NMS

50+ other services

Identity, credit, SBA, payments, payroll, insurance, e-sign, AI, comms

The NewTracker Platform at a Glance

• BV/share ended 3Q26 at $12.80, up 1.3% Q/Q and 9.2% Y/Y.

• TBV/share1 increased 1.4% Q/Q and 9.6% Y/Y.

• TBV/share is up 77.7% in 14 quarters since converting to technology-enabled financial holding company in January 2023.

• Including $2.81/share of cumulative common dividends declared and $5.38/share of TBV growth since conversion, NewtekOne has delivered $8.19/share to shareholders, more than double 1Q23 TBV of $6.92/share. TBV ended 3Q26 at $12.30/share.

1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 31.

.

Tangible Book Value per Share Growth

• Q/Q $ Deposit changes

  • Non-Affiliate Business: +$13 million (+4%)

  • Core Consumer: +$231 million (+13%)

  • Wholesale: +$93 million

• Y/Y $ Deposit changes

  • Non-Affiliate Business: +$109 million (+48%)

  • Core Consumer: +$1,087 million (+126%)

  • Wholesale: +$109 million

• Q/Q # Deposit accounts

  • Business: +711 accounts

  • Core Consumer: +5,037 accounts

• # Deposit accounts

  • Business: 11,646 accounts

  • Core Consumer: 35,589 accounts

• Consumer and commercial depositors receive competitive market rates on deposits; commercial customers also get our business portal, The Newtek Advantage®, that helps them manage their businesses, allows them to send and receive money using real-time payments, provides data analytics and transactional capabilities.

• Newtek Bank loans/deposits = 95%; insured = 79%

  # Deposit Accounts

$ Deposit Trends1

1 Deposits exclude affiliate/internal deposits of $54M for 1Q24, $56M for 2Q24, $101M for 3Q24, $91M for 4Q24, $108M for 1Q25, $91M for 2Q25, $136M for 3Q25, $134M for 4Q25, $126M for 1Q26, $107M for 2Q26, and $90M for 3Q26

• Outstanding loan balances and securitization notes outstanding in our oldest outstanding ALP securitization (2024-1) have declined by 34% and 50%, respectively.

• Outstanding loan balances and securitization notes outstanding in the 2025-1 securitization that closed in April 2025 have declined by 11% and 21%, respectively.

• Outstanding loan balances and securitization notes outstanding in the 2026-1 securitization that closed in January 2026 have declined by 11% and 17%, respectively.

• Growing overcollateralization positions over time.

$ in millions *Notes: Remaining notes in securitization are estimates.

Status of Three Active C&I LA Loan Securitizations

Note: Reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 31.

1 Accruing loans past due 30+ days includes loans 90+ days past due and still accruing

Newtek Bank, N.A. Financial Highlights

vs Net Charge-Offs

Loans HFI 30 Days+ Past Due, Accruing* NPLs HFI*

$ in millions

Provision for Credit Losses

*Note: Guaranteed SBA 7(a) loans excluded from calculation.

Newtek Bank, N.A. Credit Quality Overview

Return on Avg. Assets1 - 3Q25 vs. 3Q26

Return on Avg. Equity1 - 3Q25 vs. 3Q26

Return on Avg. Tangible Common Equity1 - 3Q25 vs. 3Q26

Operating Efficiency Ratio1 - 3Q25 vs. 3Q26

1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 31.

Newtek Bank - Quarterly Profitability Snapshot

• NewtekOne's 3Q26 net interest income of

  $18.9 million increased 30% Y/Y and 26% Q/Q.

• NewtekOne's YTD '26 net interest income of

  $51.1 million increased 20% compared to YTD '25 net interest income.

• NewtekOne's 3Q26 and YTD '26 net interest income comprised 26% and 23% of revenue, respectively, compared to 19% and 20% for 3Q25 and YTD '25.

$ in thousands

1 Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 31.

Net Interest Income

https://www.newtekone.com

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• Newtek Bank began originating SBA 7(a) loans in 2Q23.

• The SBA 7(a) allowance for credit losses (ACL) comprises 89% of the Bank's ACL.

• SBA 7(a) ACL / SBA 7(a) loans HFI (ex-gov't gtd loans) = 8.08% as of September 30, 2026.

$ Mix of NBNA Loans HFI at Cost % Mix of NBNA Loans HFI at Cost

Newtek Bank Loans HFI at Cost

Mix of NBNA Allowance for Credit Losses

Mix of ACL

$ in millions

https://www.newtekone.com

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One integrated platform built over 28 years to serve the 36 million US SMBs through five fully digital solutions without the use of traditional bankers, brokers, or BDOs

Proprietary, Internally Developed Technology Stack

Digital Account Opening | Automated, frictionless loan origination platform |

Automated lead generation | Real-time payments | NewTracker® | Newtek Advantage®

Differentiated Origination Engine

Direct sourcing pipeline of alliance referrals | Digital marketing | large database of current and prospective clients

Closed-loop Customer Funnel

Borrowers required to make payment from a Newtek Bank account | Cross service opportunity - One customer application feeds all solutions

Higher Risk-Adjusted Returns

Wider lending spreads | Competitive, market rates to depositors | Longer amortization schedules | Deep securitization expertise

Scalable Operating Infrastructure

Branchless | No traditional commercial bankers | No brokers | No business development officers | Capacity for balance sheet growth

Complete Offering of Solutions for SMBs

Banking | Lending | Real-time payments |

Insurance | Payroll

What Makes NewtekOne Unique

https://www.newtekone.com

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https://www.newtekone.com