Newtek Bank National Association
Miami, Florida · $2.47B in assets · beside the 11 other Florida banks between $1B and $3B
The filing
Newtek Bank National Association is the largest of the 12 Florida banks nearest its size between $1B and $3B, with $2.47B in assets at 30 June 2026. Loans are 92.4% of deposits, 10th of 12 against a median of 78.8%, and equity is 8.3% of assets, 9th of 12. Loans grew +84.8% in the year, the fastest in the cohort, and deposits grew 91.9%; the cohort's median loan growth is +11.3%.
Noncurrent loans are 7.19% of the book, the highest in the cohort against a median of 0.17%; 3.56% is 30 to 89 days past due, and the allowance covers them 0.4 times. Net charge-offs are 1.33% of loans, the highest in the cohort. Commercial real estate is 23.0% of loans, the lowest in the cohort against a median of 43.4%, and 219% of capital, below the 300% screen, with construction at 49% against the 100% screen. CRE has grown +296.1% over 36 months, past the guidance's 50% prong.
Return on assets is 4.14%, the highest in the cohort against a median of 1.24%, on an efficiency ratio of 38.7%, the lowest in the cohort. Five years ago it was 0.85%. The question is whether the new lending seasons as cleanly as the book it joined, and what funded it.
SBA 7(a), FY2008 to FY2026
Newtek Bank National Association is the 18th largest 7(a) lender into California of 512, with $872M across 2,042 loans, 1.3% of everything approved in the state (Wells Fargo Bank National Association leads with $5.56B). Every market on its book has had an approval since FY2023.
| County | Approved | Rank | Share | Trend |
|---|---|---|---|---|
| Los Angeles, CA | $276M | 20th of 308 | 1.3% | thin |
| Miami-Dade, FL | $185M | 3rd of 215 | 4.6% | thin |
| Broward, FL | $114M | 7th of 209 | 3.8% | thin |
| Harris, TX | $112M | 17th of 314 | 1.4% | thin |
| New York, NY | $111M | 6th of 208 | 3.9% | thin |
| Orange, CA | $109M | 19th of 256 | 1.5% | thin |
| San Diego, CA | $107M | 11th of 238 | 2.0% | thin |
| Maricopa, AZ | $93M | 24th of 303 | 1.2% | thin |
| Cook, IL | $75M | 21st of 282 | 1.1% | thin |
| Fulton, GA | $72M | 9th of 211 | 2.3% | thin |
| Clark, NV | $71M | 10th of 229 | 2.5% | thin |
| Orange, FL | $66M | 5th of 201 | 3.2% | thin |
| Kings, NY | $62M | 8th of 169 | 2.5% | thin |
| Industry | Loans | Approved | Share of book | Share of sector | Rank |
|---|---|---|---|---|---|
| Professional & technical services | 2,026 | $722M | 12.7% | 2.23% | 6th of 1,955 |
| Health care & social assistance | 1,524 | $650M | 11.4% | 1.37% | 10th of 2,172 |
| Accommodation & food services | 1,712 | $611M | 10.8% | 0.80% | 28th of 2,596 |
| Manufacturing | 977 | $591M | 10.4% | 1.49% | 10th of 2,246 |
| Construction | 957 | $473M | 8.3% | 1.49% | 9th of 2,063 |
Commercial real estate against capital
| Newtek Bank National Association | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 219% | 3rd of 12 | 268% |
| Construction against capital, the 100% screen | 49% | 9th of 12 | 38% |
| Construction and land development, share of loans | 5.1% | 7th of 12 | 5.1% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 10.3% | 1st of 12 | 31.8% |
| Total CRE, the guidance definition, share of loans | 23.0% | 1st of 12 | 43.4% |
| CRE growth over 36 months, the third prong | +296.1% | 12th of 12 | +72.4% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $2.47B | 4.1% | 38.7% | 7.19% | 1.33% | 2.6% | 92.4% | 8.3% | |
| $2.45B | 2.2% | 45.4% | 0.39% | 0.09% | 1.1% | 83.5% | 9.9% | |
| $2.37B | -0.4% | 116.9% | 0.13% | 0.04% | 1.4% | 54.0% | 8.9% | |
| $2.33B | 1.9% | 55.2% | 0.06% | 0.02% | 1.9% | 64.4% | 10.7% | |
| $2.07B | 1.0% | 62.5% | 0.17% | 0.08% | 0.8% | 92.2% | 9.6% | |
| $1.94B | 1.2% | 51.2% | 0.12% | 0.12% | 1.0% | 108.4% | 9.2% | |
| $1.62B | 1.2% | 53.1% | 0.30% | 0.00% | 1.2% | 91.6% | 8.2% | |
| $1.61B | 1.1% | 55.3% | 0.01% | 0.05% | 0.7% | 73.5% | 10.7% | |
| $1.48B | 1.4% | 65.6% | 0.35% | 0.06% | 1.1% | 63.2% | 4.1% | |
| $1.41B | 0.7% | 73.4% | 0.01% | 0.02% | 1.4% | 71.8% | 9.8% | |
| $1.39B | 1.9% | 47.1% | 0.18% | 0.00% | 0.9% | 98.8% | 9.6% | |
| $1.25B | 1.3% | 56.4% | 0.21% | 0.00% | 1.1% | 74.1% | 8.0% |
| Newtek Bank National Association | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $175M | $2.05B | +1074% | $455M | $1.27B | +179% |
| Deposits | $149M | $2.22B | +1394% | $752M | $1.50B | +100% |
| NPA / loans | 1.92% | 7.19% | +5.27 pts | 0.13% | 0.17% | +0.05 pts |
| Efficiency | 81.8% | 38.7% | -43.0 pts | 66.7% | 55.2% | -11.5 pts |
| ROA | 0.85% | 4.14% | +3.29 pts | 0.83% | 1.24% | +0.41 pts |
This read was prepared for Newtek Bank National Association's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on Newtek Bank National Association is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort FL banks $1B to $3B
Institution www.newtekbank.com
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