investorday_jan2026xfina

www.newtekone.com NASDAQ: NEWT Investor Day 2026 January 8, 2026 Hosted and Presented by: Barry Sloane, Chairman, President & CEO Frank M. DeMaria, EVP & Chief Financial Officer Peter Downs, President, Newtek Bank, N.A. Andrew Kaplan, Chief Strategy Officer Investor Relations Bryce Rowe browe@newtekone.com (212) 273-8292

www.newtekone.com 2 Note Regarding Forward-Looking Statements Certain statements contained in and made during this presentation include statements about our plans and future prospects for NewtekOne, Inc and our consolidated subsidiaries (the “Company”) and our industry that are “forward looking statements” within the meaning of the Private Securities Litigation and Reform Act of 1995. These forward looking statements are based on the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. In addition, forecasts and guidance, including with respect to earnings per share, reflect risks, uncertainties and assumptions with respect to facts and circumstances that are beyond our control, in particular interest rates, monetary policy and prevailing economic conditions during the relevant periods, any of which may differ materially from our assumptions about the applicable period, causing our actual operating results, to differ materially from the stated guidance. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward looking statements to reflect the impact of circumstances or events that arise after the date the forward looking statements were made.

www.newtekone.com 3 • Lunch: 12:00 – 1:00 PM • Introduction: 1:00 – 1:05 PM - Bryce Rowe,VP, Investor Relations • Financial Presentation, including 2026 Forecast: 1:05 – 1:35 PM - Barry Sloane, Chairman, CEO, & President - Frank DeMaria, EVP & Chief Financial Officer • The Newtek Advantage®: 1:35 – 1:50 PM - Andrew Kaplan, Chief Strategy Officer • Technological Advantage in Banking & Our Use of AI: 1:50 – 2:20 PM - Peter Downs, President, Newtek Bank, N.A. • ALP Securitizations: 2:20 – 2:35 PM - Barry Sloane - Frank DeMaria • Concluding Remarks: 2:35 – 2:40 PM - Barry Sloane • Q&A: 2:45 – 3:45 PM Investor Day Agenda

www.newtekone.com 4 NewtekOne’s mission has not changed since the Company was formed in 1998: To provide business and financial solutions to independent business owners in the United States. We help our clients be more successful. NewtekOne, Inc. Mission Statement and Purpose

www.newtekone.com 5 • NewtekOne is a technology enabled financial holding company regulated by the Board of Governors of the Federal Reserve System, owning and operating a nationally chartered digital bank that operates exclusively using online banking without physical branches. • In January 2023, NewtekOne acquired what is now known as Newtek Bank, N.A. (the “Bank”) so it could add depository solutions and real-time payments to its five core verticals (Banking, Lending, Payment Processing, Payroll, and Insurance) that support independent business owners in the United States. • NewtekOne uses proprietary and patented advanced technological solutions to acquire customers cost effectively, to manage its lending operation, to open accounts digitally, and to offer treasury management services through the Newtek Advantage®. • NewtekOne provides a full menu of best-in-class, on-demand business and financial solutions to its independent business owner clientele without the use of traditional bankers, branches, brokers, or business development officers. NewtekOne Snapshot

www.newtekone.com 6 • What is different about NewtekOne’s operating model? - Wider lending margins are accompanied by higher levels of nonperforming loans (NPLs), larger provisions for credit losses (PCLs), and a higher allowance for credit losses (ACL). - We believe that our 20+ year business model of operating with higher NPLs, PCLs, and ACL, while producing profitability well above the industry average, is sound and effective. Our loan portfolio provides returns, net of provisions/charge-offs, that are higher than the industry average. - Fair value accounting applied to loans originated for sale. - Emphasis on profitability and total revenue generation, not assets under management or spread income. • We believe that by originating loans with higher yields and a stronger risk/reward trade off actually positions us with a stronger risk profile than having lower margin loans that have lower losses; our history bears this out. • Acquisition of National Bank of New York City rounded out our offering of business and financial solutions to our independent business clients by adding the depository function. Our customers visit their depository source 3-5 times/week and 12-20 times/month, primarily to move money and see their account balances. • We believe we will win the deposit race because we give the depositor value for depositing funds with Newtek Bank at an interest rate below the risk-free rate. NewtekOne: A Developing Disruptor That is Misunderstood

www.newtekone.com The Model Is Working Frank M. DeMaria – EVP and Chief Financial Officer

www.newtekone.com 8 Tangible Common Book Value per Share Growth • Since transitioning to a financial holding company in 1Q23, book value/share has increased 45% from $8.06 to $11.72 while tangible common book value (TBV)/share1 has increased 62% from $6.92 to $11.22. • In addition to TBV/share growth of $4.30, NewtekOne has distributed $2.05 of common dividends/share over the eleven quarters since transitioning. 1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 34. . $6.92 $7.04 $7.31 $8.07 $8.27 $8.68 $8.93 $9.39 $10.17 $10.55 $11.22 $7.10 $7.40 $7.85 $8.79 $9.18 $9.78 $10.22 $10.87 $11.84 $12.41 $13.27 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 TBV/ Share Cumulative Dividends/ Common Share TBV + Cumulative Dividends

www.newtekone.com 9 Consistent Revenue Growth NewtekOne Revenue * Annualized nine months ending September 30 . $203 $258 $282 $- $50 $100 $150 $200 $250 $300 2023 2024 2025* $M Net Interest Income Noninterest Income Revenue

www.newtekone.com 10 Consistently Improving Operating Efficiency 83% 76% 64% 66% 71% 66% 62% 56% 62% 60% 56% 40% 45% 50% 55% 60% 65% 70% 75% 80% 85% 90% 1Q 2Q 3Q 4Q 2023 2024 2025 NewtekOne Operating Efficiency Ratio • An improving operating efficiency ratio1 demonstrates the scalability of NewtekOne digitally delivering financial and business solutions to its independent business owner clients. 1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 34. .

www.newtekone.com 11 11.8% 14.2% 23.1% 25.4% 15.6% 20.3% 20.4% 31.0% 13.8% 19.6% 24.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 1Q* 2Q 3Q 4Q 1.8% 2.1% 3.0% 3.2% 2.8% 2.8% 2.9% 4.1% 1.8% 2.6% 3.1% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 1Q* 2Q 3Q 4Q 10.1% 12.0% 18.8% 20.2% 13.5% 17.0% 17.3% 26.0% 12.7% 17.9% 20.9% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 1Q* 2Q 3Q 4Q Consistently Strong Profitability 2023 2024 2025 NewtekOne Return on Avg. Assets1 NewtekOne Return on Avg. Common Tangible Equity1 NewtekOne Return on Avg. Equity1 1Note: Non-GAAP financial measure; reconciliation of non-GAAP financial measures to the most comparable GAAP measures are set forth starting on page 34. . * 1Q23 profitability in three charts is normalized for a 26% tax rate. .

www.newtekone.com 12 Asset Growth Supported by Healthy Capital Ratios NewtekOne: Assets vs. Regulatory Capital Ratios 5% 8% 11% 14% 17% 20% 23% 500 1,000 1,500 2,000 2,500 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 ($ M ) Assets T1L CET1 TRBC Notes: (1) Assets – left axis (2) right axis: Tier 1 Leverage Ratio (T1L) = Tier 1 Capital / Average Assets Common Equity Tier 1 Ratio (CET1) = Common Equity Tier 1 Capital / Risk-Weighted Assets Total Risk Based Capital Ratio (TRBC) = Total Regulatory Capital / Risk-Weighted Assets

www.newtekone.com 13 2026 Forecast Loan production assumptions: $ in millions except for per share data . SBA 7(a) originations 1,000$ ALP (or C&I HFS) originations 500$ SBA 504 originations 175$ C&I/CRE HFI net growth 150$ $ in millions . Low Mid High EPS 2.15$ 2.35$ 2.55$ Book Value/Share 13.49$ 13.69$ 13.89$ TBV/Share 12.98$ 13.18$ 13.38$ Revenue 315$ 330$ 345$ Operating expenses 175$ 185$ 195$ Net Income 62$ 68$ 74$

www.newtekone.com 14 The Newtek Advantage® One Dashboard. A Single Pane of Glass. Built for Business. Andrew Kaplan – Chief Strategy Officer

www.newtekone.com 15 Payments, Cash Flow, and Financing Are Interconnected for Business Owners Business Owner Needs B a n k in g P a y ro ll P a y m e n ts L o a n s In s u ra n c e The modern independent business owner’s financial life is interconnected and horizontal, spanning banking, payments, payroll, loans, and insurance. However, financial services are built and distributed through disconnected vertical product silos, creating friction, a fragmented customer experience, and high barriers to entry driven by legacy systems and regulatory complexity. This forces business owners into fragmented experiences, repeated signups, and a constant struggle to manage a disjointed financial picture. Streamlined Solutions for Business Owners

www.newtekone.com 16 The Newtek Advantage® A Fully Integrated Operating Platform and a Differentiated Client Experience A level of integration others would be hard pressed to replicate No comparable platform exists with this breadth and depth, and competitors are constrained by legacy systems, siloed operations, and regulatory barriers that make replication impractical. Built over time, not assembled The platform has been developed over many years through layered innovation, including native payroll, lending operating systems, and full-service business banking functionality. Full-service business banking, embedded by design Customers manage ACH, wires, send and receive money, treasury management, payment batches, and card activity alongside loans, payments, insurance, and payroll, without friction, creating sticky relationships. Proven transformation with measurable results Since acquiring Newtek Bank three years ago, NewtekOne has transformed a traditional single branch- based bank into a fully digital institution: • Grown Newtek Bank to $1.5B in assets (7x over three years) • Opened 30,000+ digital accounts • In 2025, originated over $1.4B in loans • As a client acquisition tool, generates ~600 new referrals per day • Marketing database of ~ 2.5MM names • All while improving the efficiency ratio from over 70% in 2023 to 56.3% as of 9/30/25 A Better Client Experience

www.newtekone.com 17 Digital-first entry into the financial ecosystem One secure onboarding experience unlocks banking, payments, lending, payroll, and integrated insurance from a single platform. Reduced friction through connected services An integrated financial experience designed to deliver valuable solutions quickly, efficiently, and with expert support. Payments clarity and control Faster settlement, real- time visibility, and easier access to deposits. Built-in value beyond core financial services Free unlimited document storage, free website analytics, and real-time insights powered by QuickBooks data. A complete financial picture in one place Live view of cash flow, payments, loans, banking, and payroll with access to US based Newtek associates, on-camera, 24/7/365. A Single Pane of Glass for Business Owners

www.newtekone.com 18 For Partners The Newtek Advantage® Enhances Deposit & Loan Growth and Client Retention The Newtek Advantage® is designed for deployment by banks and credit unions seeking to modernize client experience and expand product offerings while NewtekOne expands distribution and scales revenue through the Newtek Advantage® platform. Partner Benefits • Grow Deposits: Offer a superior digital experience that attracts and retains business clients. • Grow Revenue: Introduce new services and deepen wallet share or improve efficiency in distributing services compared to the existing distribution model. • Retain Relationships: Improve client stickiness and satisfaction. • Balance Sheet Growth: Enable origination of business loans that can be retained on the partner institution’s balance sheet. Partner Benefits

www.newtekone.com 19 The acquisition of a bank was a critical strategic decision, anchoring the Newtek Advantage® in banking and payments—the place independent business owners repeatedly return to see what is happening in their business. By embedding loans, payments, payroll, insurance, and analytics directly into that experience, NewtekOne has built an integrated financial technology platform that helps independent business owners across their entire financial lives—grow revenue, manage expenses, and reduce risk. This embedded model delivers efficiency and scalability for NewtekOne, enabling growth through a platform that supports clients, partners, and expanded distribution. The Newtek Advantage® Advantage

www.newtekone.com Technological Advantage in Banking & Our Use of AI Peter Downs – President, Newtek Bank, N.A.

www.newtekone.com 21 Lending Operating System: Driving Scale and Efficiency Transforming Lending Operations • Scale Without Hiring – Automate workflows to handle growth without increasing headcount • Digital Customer Access – Enable customers to apply, track and manage loans online • Faster Decision Making – AI-driven analytics and streamlined processes for quicker approvals and closings • Drives Growth – Shortens turn times and delivers a best-in-class customer experience • Seamless Integrations – Connects with core banking systems, general ledger systems and third-party applications • Enhanced Risk Management – Integrated tools to monitor credit risk and ensure portfolio health • Improved Transparency – Clear audit trails and reporting for internal and regulatory needs • Mobile Accessibility – Apply and track your application on smartphones and tablets • Cost Efficiency – Reduces operational costs and borrower costs through automation and digitization

www.newtekone.com 22 Digital Deposit Account Opening For Business Customers Simplifying Small Business Banking • Ease of Application – Simple, intuitive process for small businesses to open deposit accounts online • Integrated with the Loan Operating System (LOS) – No redundant data entry by customer, information flows seamlessly between systems • Single Know Your Customer (KYC) process – Reduces turn time and customer information requested to open a deposit account and loan • Instant Offering with Loan Approval – Deposit account presented automatically upon loan approval • Direct Boarding to Core – Accounts are instantly created and linked to the core banking system • Regulatory Compliance Built-in – Workflows, established and tested, are fully compliant with banking regulations and audit requirements • Enhanced Customer Experience – Faster on boarding and unified application create a better experience for the customer

www.newtekone.com 23 Use of AI in Lending: Today and Tomorrow • Call Recording & Translation – Converts initial prequalification call into transaction summaries that are instantly added within the credit template • Automated Review of Financial Data – Tax transcripts, bank statements and credit bureau information integrated into credit templates • Spreading of Tax Returns – AI-driven financial statement spreads to allow for faster and more consistent cash flow analysis by underwriting • Document Summation for Closing – Summarizes key terms from leases, operating agreement and business corporate docs as well as franchise agreements to speed closing time • API Integrations – Utilized to gather due diligence items, like title searches, appraisals, lien searches and other foundational credit data to streamline the underwriting and closing process • Instant Access to Insurance Needed to Close Loans – Bindable quotes from information already supplied by the business during the application process for Life, Flood and going forward Property and Liability • AI is NOT used for loan decisioning or direct conversations with applicants

www.newtekone.com 24 Tangible Offerings: Powered by the LOS, DAO and AI • Small Business Term Loan Launch – Apply and Prequalify in 7 minutes, Close and Fund in 7 days or less - Long-term loan (up to 10-year amortization) allowing for lower payments - Secured by business and personal assets - Meets SBA eligibility criteria - Competitive interest rates (Prime +3%) - Underwritten, not scored-based decisioning - Loan sizes up to $350,000 • Triple Play Offering – One Application, Three Instant Offers - Business bank account that has no fees and pays you interest on balances - Revolving line of credit at reasonable interest rates (maximum of Prime + 6.25%) - Payments Processing – Instantly begin taking cards as payments - Cash Flow Management – Manage your business cash flow daily through the Newtek Advantage • Each offering uses digital application, documentation and closing to be fully online, fast and compliant

www.newtekone.com An Underappreciated Aspect of NewtekOne Securitizations of C&I Loans Held for Sale (Alternative Loan Program) Barry Sloane – NewtekOne, Inc. Chairman, CEO, and President

www.newtekone.com 26 • C&I loans held for sale have stronger risk profiles than those of SBA 7(a) loans. - Operating history is longer. - Loan to value is lower. - Guarantors with stronger liquidity and supporting financials. - Each loan has a business appraisal. • Approximately $850 million of originations across 180 loans since 2018. - $23 million of defaults across six loans. - $6 million of charge-offs. • Asset liability match in securitization vs. 4-5 year duration. • Better client experience vs. competitors offering merchant cash advance loans and daily and weekly debt discounted loans. • The ALP securitization completed in April 2025 generates 570 bps of spread income after FV mark on securitization not including 100 bps of servicing income. - 14% expected net yield on equity class, marked to FV quarterly. C&I Loans Held for Sale (aka ALP Loans)

www.newtekone.com 27 • NewtekOne has issued 16 securitizations and anticipates a 17th in January. - 13 of the 16 securitizations were backed by SBA 7(a) loans. - 3 securitizations backed by ALP loans and a 4th expected to be issued in January. • NALP Business Loan Trust 2025-1 (“2025-1”), NALP Business Loan Trust 2024-1 (“2024-1”), and NCL Business Loan Trust 2022-1 (“2022-1”). • The Company is currently launching its 2026-1 securitization transaction. ALP Securitizations *2026-1 transaction is subject to pricing and closing. Prospective purchasers of NewtekOne securitization notes are referred to the final offering memorandum relating to the securities discussed. Securitization 2026-1* 2025-1 2024-1 2022-1 ALP Loan Pool ($M) 340$ 216$ 191$ 86$ Weighted Average Loan Yield 12.74% 13.30% 12.68% 8.15% Notes Issued in Securitization ($M) 293$ 184$ 154$ 56$ Weighted Average Rate on Notes TBD 6.62% 6.72% 3.29% Gross Spread before 1% Servicing Fee TBD 6.68% 5.96% 4.86% Net Spread after 1% Servicing Fee TBD 5.68% 4.96% 3.86% Advance Rate 86% 85% 80% 65% With JV Partner? No No Yes Yes

www.newtekone.com 28 • NewtekOne retains on its balance sheet its equity interest in the 2025-1 Securitization, which is represented by the ownership certificate (“OC”) (since the loans in the 2025-1 transaction are held off balance sheet) and anticipates retaining the OC of 2026-1. • The 2025-1 OC is held at fair value, valued quarterly, and evaluated by a third party with expertise in valuations. • The OC of 2024-1 is held within a joint venture with an institutional investor; the joint venture holds the fair value of the loans in the 2024-1 securitization on its balance sheet. • On a quarterly basis, NewtekOne and its JV partner value its equity interests in the JV, which are approved by the JV’s board. • The fair value of the 2025-1 OC and the fair value of the loans in the 2024-1 are valued quarterly and derived primarily by discounting the cash flows to NEWT and secondarily by assessing the book value or overcollateralization of the securitization. Fair value is affected by (1) the performance of the underlying loans in the securitization and (2) changes in interest rates/market clearing yields. • Cash flows are modeled on Intex, which is a recognized provider of cash flow models for asset-backed securities in the US. Our Equity in ALP Securitizations

www.newtekone.com 29 • Cash flows of the securitizations are influenced by the spread between interest rates of loans and securitized debt, loan default frequency and severity, and loan prepayments. - ALP loans have rates fixed for five years at the initial rate, which establishes a floor rate for the life of the loan. - ALP loans carry 5% prepayment penalties for the first three years and 3% for months 36-48. - 2025-1 is modeled with a 15% cumulative default rate and a 20% severity, translating into 3% cumulative losses. 2026-1 is expected to be modeled similarly. • Every quarter, cash flows and performance of the collateral in the securitizations are evaluated against the model’s assumed cash flows and performance to arrive at the value of the OC. Quarterly adjustments to fair values are based on positive/negative variances in cash flows and book value. • After 100 basis points of call protected servicing income (via prepayment penalties), the 2025- 1 securitization is generating an excess net spread of roughly 570 basis points. The 2026-1 securitization is anticipated to generate a comparable excess net spread. - 90% of the excess net spread in 2025-1 is used to pay down the securitized debt; 2026-1 will be structured similarly. Equity Certificates in Securitizations

www.newtekone.com 30 • Performance of the two current securitizations, 2025-1 and 2024-1, show - Securitized debt being retired at a faster pace than loans due to excess net spread between the yield on loans and coupon on securitized debt. - The book values (or overcollateralization positions) of the securitizations are growing. - Book value (or overcollateralization position) is defined as loans in the securitizations less the securitized debt. Performance of Securitizations *2024-1 resides within a 50/50 joint venture. $ in millions Securitization 2025-1 2024-1* Initial Loan Pool 216.0$ 190.5$ Initial Notes Balance 184.4$ 154.3$ Initial Overcollateralization 31.6$ 36.2$ % of loan balance 15% 19% Loan Pool as of 11/30 212.3$ 148.2$ Notes Balance as of 11/30 170.2$ 99.6$ Overcollateralization as of 11/30 42.1$ 48.6$ % of loan balance 20% 33% $ growth in overcollateralization 10.5$ 12.4$ % growth in overcollateralization 33% 34%

www.newtekone.com 31 Hypothetical Securitization Income Example Interest Income Interest Expense Net Interest Income Servicing Fees Excess Net Spread Cash to OC Securitized Debt Paydown Over- Collateralization January 3,325,000 1,402,500 1,922,500 250,000 1,672,500 259,640 1,412,860 45,222,384 February 3,311,806 1,394,729 1,917,076 249,008 1,668,068 258,610 1,409,459 45,446,091 March 3,298,663 1,386,977 1,911,686 248,020 1,663,666 257,583 1,406,083 45,671,127 April 3,285,574 1,379,244 1,906,330 247,036 1,659,294 256,561 1,402,733 45,897,500 May 3,272,536 1,371,529 1,901,007 246,055 1,654,951 255,543 1,399,408 46,125,216 June 3,259,549 1,363,832 1,895,717 245,079 1,650,638 254,529 1,396,109 46,354,283 July 3,246,615 1,356,153 1,890,461 244,106 1,646,355 253,519 1,392,836 46,584,708 August 3,233,731 1,348,493 1,885,238 243,138 1,642,101 252,513 1,389,588 46,816,497 September 3,220,899 1,340,850 1,880,049 242,173 1,637,876 251,511 1,386,365 47,049,658 October 3,208,118 1,333,225 1,874,892 241,212 1,633,681 250,513 1,383,168 47,284,198 November 3,195,387 1,325,618 1,869,769 240,255 1,629,515 249,519 1,379,996 47,520,124 December 3,182,707 1,318,028 1,864,679 239,301 1,625,378 248,529 1,376,849 47,757,444 Loan Pool: 300,000,000$ Securitized Debt: 255,000,000$ Overcollateralization/ Book Value: 45,000,000$ Relevant Assumptions: weighted average loan term 21 years/ 252 months weighted average loan coupon 13.30% weighted average debt coupon 6.60% gross spread 6.70% servicing fee 1.00% net spread after servicing 5.70% • Hypothetical example uses assumed metrics comparable to 2025-1. • Hypothetical $300 million loan pool generates $22.7 million of annual net interest income, which is non-GAAP and defined as interest received on loans less interest paid on securitized debt. • After 100 bps of servicing income, excess net spread income (1) pays down securitized debt, which leads to a growing book value, and (2) is distributed to owner of equity certificate.

www.newtekone.com 32 Income Statement Mechanics of ALP Securitization • Loans have historically transferred from warehouse facilities to securitizations. • Mechanics of an ALP securitization transaction: - Unrealized gains on loans being placed into securitization are reversed. (I/S line item = net gain/(loss) on loans under FV option) - Unrealized gain on retained residual is recognized. (I/S line = net gain on residuals in securitizations) - Servicing asset created. (I/S line item = net gain on sale of loans) - Transactional expenses recorded and include financing and legal costs. (I/S line = net gain on residuals in securitizations) - Cash reserve established. (impacted I/S line = net gain on residuals in securitizations)

www.newtekone.com GAAP to Non-GAAP Reconciliations

www.newtekone.com 34 1Note: Non-GAAP financial measure NewtekOne, Inc. (dollars and number of shares in thousands) March 31, 2023 June 30, 2023 September 30, 2023 December 31, 2023 Return on Average Tangible Common Equity Numerator: Net Income (GAAP) 18,550$ 7,011$ 10,919$ 11,120$ Dividend on preferred equity (249) (400) (400) (405) Numerator: Adjusted net income 18,301 6,611 10,519 10,715 Average Total Shareholders' Equity1 207,101 234,897 229,906 218,387 Deduct: Preferred Stock (GAAP) 11,404 19,738 19,738 19,738 Average Common Shareholders' Equity1 195,697 215,159 210,168 198,649 Return on Average Common Equity 36.3% 12.0% 18.8% 20.2% Deduct: Average Goodwill and Intangibles1 28,101 27,848 29,729 31,250 Denominator: Average Tangible Common Equity1 167,596 187,311 180,439 167,399 Return on Average Tangible Common Equity 1 44.3% 14.2% 23.1% 25.4% Return on Average Assets Numerator: Net Income (GAAP) 18,550$ 7,011$ 10,919$ 11,120$ Denominator: Average Assets1 1,115,047 1,341,165 1,424,670 1,382,690 Return on Average Assets 1 6.75% 2.10% 3.04% 3.19% Efficiency Ratio Numerator: Non-Interest Expense (GAAP) 39,023$ 37,777$ 31,320$ 37,938$ Net Interest Income (GAAP) 4,583$ 5,673$ 8,077$ 8,301$ Non-Interest Income (GAAP) 42,356$ 44,285$ 41,026$ 49,107$ Denominator: Total Income (or Revenue) 46,939 49,958 49,103 57,408 Efficiency Ratio 1 83.1% 75.6% 63.8% 66.1% Tangible Book Value Per Common Share Total Shareholders' Equity (GAAP) 218,038$ 220,728$ 227,023$ 249,046$ Deduct: Goodwill and Intangibles (GAAP) 28,101 27,595 27,157 30,120 Total Tangible Book Value1 189,937 193,133 199,866 218,926 Deduct: Preferred Stock (GAAP) 19,738 19,738 19,738 19,738 Numerator: Tangible Book Value Per Common Share1 170,199 173,395 180,128 199,188 Denominator: Total Number of Shares Outstanding 24,609 24,615 24,645 24,680 Tangible Book Value Per Common Share 1 6.92$ 7.04$ 7.31$ 8.07$ As of and for the three months ended

www.newtekone.com 35 1Note: Non-GAAP financial measure NewtekOne, Inc. (dollars and number of shares in thousands) March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 Return on Average Tangible Common Equity Numerator: Net Income (GAAP) 9,650$ 10,948$ 11,934$ 18,321$ Dividend on preferred equity (400) (400) (400) (400) Numerator: Adjusted net income 9,250 10,548 11,534 17,921 Average Total Shareholders' Equity1 287,831 258,326 274,888 279,853 Deduct: Preferred Stock (GAAP) 19,738 19,738 19,738 19,738 Average Common Shareholders' Equity1 268,093 238,588 255,150 260,115 Return on Average Common Equity 13.5% 17.0% 17.3% 26.0% Deduct: Average Goodwill and Intangibles1 30,060 29,883 29,883 29,939 Denominator: Average Tangible Common Equity1 238,033 208,705 225,267 230,176 Return on Average Tangible Common Equity 1 15.6% 20.3% 20.4% 31.0% Return on Average Assets Numerator: Net Income (GAAP) 9,650$ 10,948$ 11,934$ 18,321$ Denominator: Average Assets1 1,401,554 1,551,009 1,610,849 1,787,859 Return on Average Assets 1 2.77% 2.84% 2.95% 4.08% Efficiency Ratio Numerator: Non-Interest Expense (GAAP) 41,159$ 40,564$ 38,847$ 42,139$ Net Interest Income (GAAP) 8,906$ 9,129$ 10,981$ 11,289$ Non-Interest Income (GAAP) 49,367$ 52,020$ 51,851$ 64,074$ Denominator: Total Income (or Revenue) 58,273 61,149 62,832 75,363 Efficiency Ratio 1 70.6% 66.3% 61.8% 55.9% Tangible Book Value Per Common Share Total Shareholders' Equity (GAAP) 254,132$ 274,002$ 281,785$ 296,282$ Deduct: Goodwill and Intangibles (GAAP) 29,944 29,783 29,624 29,582 Total Tangible Book Value1 224,188 244,219 252,161 266,700 Deduct: Preferred Stock (GAAP) 19,738 19,738 19,738 19,738 Numerator: Tangible Book Value Per Common Share1 204,450 224,481 232,423 246,962 Denominator: Total Number of Shares Outstanding 24,715 25,852 26,018 26,291 Tangible Book Value Per Common Share 1 8.27$ 8.68$ 8.93$ 9.39$ As of and for the three months ended

www.newtekone.com 36 1Note: Non-GAAP financial measure NewtekOne, Inc. (dollars and number of shares in thousands) March 31, 2025 June 30, 2025 September 30, 2025 Return on Average Tangible Common Equity Numerator: Net Income (GAAP) 9,367$ 13,703$ 17,901$ Dividend on preferred equity (400) (400) (472) Numerator: Adjusted net income 8,967 13,303 17,429 Average Total Shareholders' Equity1 299,308 307,256 339,077 Deduct: Preferred Stock (GAAP) 19,738 19,738 35,802 Average Common Shareholders' Equity1 279,570 287,518 303,275 Return on Average Common Equity 12.7% 17.9% 20.9% Deduct: Average Goodwill and Intangibles1 15,130 14,692 14,653 Denominator: Average Tangible Common Equity1 264,440 272,826 288,622 Return on Average Tangible Common Equity 1 13.8% 19.6% 24.0% Return on Average Assets Numerator: Net Income (GAAP) 9,367$ 13,703$ 17,901$ Denominator: Average Assets1 2,098,325 2,131,477 2,262,678 Return on Average Assets 1 1.81% 2.58% 3.14% Efficiency Ratio Numerator: Non-Interest Expense (GAAP) 41,177$ 42,309$ 42,159$ Net Interest Income (GAAP) 13,933$ 13,923$ 14,549$ Non-Interest Income (GAAP) 52,398$ 56,275$ 60,388$ Denominator: Total Income (or Revenue) 66,331 70,198 74,937 Efficiency Ratio 1 62.1% 60.3% 56.3% Tangible Book Value Per Common Share Total Shareholders' Equity (GAAP) 302,280$ 312,180$ 386,707$ Deduct: Goodwill and Intangibles (GAAP) 14,711 14,672 14,633 Total Tangible Book Value1 287,569 297,508 372,074 Deduct: Preferred Stock (GAAP) 19,738 19,738 48,181 Numerator: Tangible Book Value Per Common Share1 267,831 277,770 323,893 Denominator: Total Number of Shares Outstanding 26,343 26,317 28,876 Tangible Book Value Per Common Share 1 10.17$ 10.55$ 11.22$ As of and for the three months ended