What is NewtekOne, Inc.'s payments — provision for credit losses?

NewtekOne, Inc. (NEWT) reported payments — provision for credit losses of $0 in Q1 2026.

What does payments — provision for credit losses mean?

An expense set aside to cover potential losses from uncollectible loans or credit extensions within the payments segment. It reflects management's current estimate of credit risk inherent in the segment's lending or payment-related credit products. A stable or decreasing provision suggests high asset quality and effective risk management.

NewtekOne, Inc. NEWT Payments — Provision for Credit Losses

Other segment segments

Banking

$9.61M-28.9%

Alternative Lending

$0—

NSBF

$0—

Similar metrics at other companies

USBPayment Services — Provision for Credit Losses

$347M+9.5%

TFI

TFINPayments — Credit loss expense (benefit)

$197K+66.9%

WEXCorporate Payments — Provision for Credit Losses

$4.3M+43.3%

WEXBenefits — Provision for Credit Losses

-$600K+40.0%

UVSPInsurance — Provision for Credit Losses

$0—

PBProvision for Credit Losses

$0—

Other financials

Income statement

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Net income$13.4M+43.1%

EPS (diluted)$0.43+22.9%

Balance sheet

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Cash & equivalents$5.2M-48.8%

Total debt$553.2M-29.1%

Total equity$404.7M+33.9%

Total assets$2.9B+35.1%

Cash flow

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Operating cash flow-$257.5M-324%

CapEx$89.0K+141%

Free cash flow-$257.5M-324%

Valuation

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Market cap$416.43M+52.3%

Enterprise value$964.44M-7.6%

P/E6.5×+1.0×

Returns & leverage

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Return on equity18.3%+0.1pp

Debt / equity1.4×-1.2×

Where this comes from

Reported directly by NewtekOne, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.

The official record: NewtekOne, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NewtekOne, Inc.'s payments — provision for credit losses?: NewtekOne, Inc. (NEWT) reported payments — provision for credit losses of $0 in Q1 2026.
What does payments — provision for credit losses mean?: An expense set aside to cover potential losses from uncollectible loans or credit extensions within the payments segment. It reflects management's current estimate of credit risk inherent in the segment's lending or payment-related credit products. A stable or decreasing provision suggests high asset quality and effective risk management.