NewtekOne Q2 Results Show Mixed Performance Versus Analyst Estimates
NewtekOne’s Q2 efficiency ratio came in at 58.4% versus a 59.8% average estimate. Total noninterest income was $60.12 million, slightly above the $57.31 million average. Net interest income totaled $14.96 million versus $17.65 million. Several noninterest income categories missed or lagged estimates, offset by some stronger items.