Core Insights - NewtekOne, Inc. has appointed Andrew Kaplan as Chief Strategy Officer, effective September 3, 2024, bringing over 35 years of experience in banking and financial services [1][2] Company Overview - NewtekOne, Inc. is a financial holding company that provides a wide range of business and financial solutions to independent business owners across all 50 states since 1999 [5] - The company offers services including banking, business lending, electronic payment processing, technology solutions, eCommerce, insurance solutions, and payroll and benefits solutions [6] Leadership and Strategy - Andrew Kaplan previously served as Chief Digital Officer at Flagstar Bank, where he significantly increased deposits and accounts through digital transformation [2] - Kaplan's expertise in digital banking and product development is expected to enhance NewtekOne's growth initiatives and client offerings [4] - The CEO, Barry Sloane, emphasized Kaplan's unique ability to innovate and develop banking services that focus on client experience and value proposition [4] Future Outlook - Kaplan expressed enthusiasm about leveraging NewtekOne's comprehensive offerings to drive growth and enhance client success, aiming to solidify the company's leadership position in the market [4]

BOCA RATON, Fla., Aug. 28, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ: NEWT), announced today that NewtekOne's CEO and President, Barry Sloane, and CFO, M. Scott Price, will attend, and hold one-on-one and group investor meetings at the Raymond James 2024 U.S. Banking and Banking on Tech Conference September 4-5, 2024 at the Marriot Marquis Chicago. To schedule a meeting, please contact your Raymond James representative, or Jayne Cavuoto, Director of Investor Relations at NewtekOne, at ...

Financial Performance Highlights - Newtek Bank's net interest margin was 483% for the three months ended June 30, 2024, an increase of 02% over 482% for the three months ended March 31, 2024, and an increase of 519% over 318% for the three months ended June 30, 2023[3] - Newtek Bank's efficiency ratio declined to 42% for the second quarter 2024[3] - NewtekOne's second quarter 2024 earnings per share was $043 per basic and diluted common share[4] - NewtekOne is reconfirming FY 2024 full year EPS guidance of $185 to $205 per basic and diluted common share[4] - NewtekOne's net income was $109 million for the three months ended June 30, 2024, a 132% increase on a per share basis, compared to $97 million for the three months ended March 31, 2024, and a 593% increase on a per share basis, compared to $70 million for the three months ended June 30, 2023[19] - NewtekOne's net interest income was $91 million for the three months ended June 30, 2024, an increase of 22% over $89 million for the three months ended March 31, 2024, and an increase of 596% over $57 million for the three months ended June 30, 2023[19] - NewtekOne's total assets were $16 billion at June 30, 2024, an increase of 143% from $14 billion at December 31, 2023[19] Loan and Deposit Growth - Newtek Bank's business deposits grew by 17% to $136 million in second quarter 2024 from $116 million in the first quarter 2024[3] - Newtek Bank's second quarter 2024 quarterly deposit growth was approximately 17%[4] - Newtek Bank's second quarter 2024 total loan growth was 13%[4] - NewtekOne forecasts $9350 million in total SBA 7(a) loan fundings for 2024, which would represent a 147% increase over loan fundings in 2023[61] Alternative Loan Program (ALP) - NewtekOne's joint venture closed a $15432 million ALP loan backed securitization on July 23, 2024[13] - The securitization was backed by $19052 million of collateral, consisting of $15977 million of Company originated ALP loans and a $3075 million prefunding account[13]

Mr. Sloane continued, "The weighted-average coupon of the collateral pool is expected to be approximately 12.68% following the end of the prefunding period, plus the servicing fee of 100 basis points to the Company, provides the NALP Business Loan Trust 2024-1 with approximately 11.68% of net weighted-average yield on its assets. The weighted average yield to investors in the Notes was 6.724%. There is approximately a 500 basis point margin on loan coupon to support bond holder yield. We welcome investors a ...

BOCA RATON, Fla., July 24, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ: NEWT), announced today that its joint venture, Newtek-TSO II Conventional Credit Partners, LP ("NewtekTSO"), has closed a securitization backed by alternative business loans, selling $137,170,000 of Class A Notes and $17,150,000 of Class B Notes (collectively, the "Notes") issued by NALP Business Loan Trust 2024-1. The Notes are backed by $190,520,000 of collateral, consisting of $159,770,000 of Company originated a ...

Market Action Preferreds enjoyed a solid week as a result of the drop in Treasury yields. Credit spreads have range traded near their tightest level in several years. ICE Yields have been fairly stable this year, with the median yield-to-worst trading a bit below 7%. Systematic Income Preferreds Tool REIT and mortgage REIT preferreds continue to offer the highest yields across the preferreds space, while Banks and Utilities are trading at relatively low yield levels. Systematic Income Systematic Income Mark ...

About NewtekOne, Inc. Newtek®, NewtekOne®, Newtek Bank®, National Association, Your Business Solutions Company® and One Solution for All Your Business Needs® are registered trademarks of NewtekOne, Inc. SOURCE: NewtekOne, Inc. Please note, to receive a dial-in number for the conference call or to listen to the webcast, interested participants are encouraged to pre-register online at NewtekOne Second Quarter 2024 Financial Results beginning today and up until 15 minutes prior to the start of the August 6, 20 ...

[Filing and Company Information](index=1&type=section&id=Filing%20and%20Company%20Information) This section identifies the Form 8-K filing for NewtekOne, Inc., detailing registrant information, listed securities, and accounting standard election [Report Identification and Registrant Details](index=1&type=section&id=Report%20Identification%20and%20Registrant%20Details) This section identifies the Form 8-K filing for NewtekOne, Inc., detailing its registrant information, listed securities on Nasdaq, and its election regarding accounting standards - Company Name: **NEWTEKONE, INC.**[1](index=1&type=chunk) - Date of Report (Earliest Event Reported): **June 27, 2024**[7](index=7&type=chunk) Securities Registered on Nasdaq Global Market LLC | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :------------------ | :---------------- | :---------------------------------------- | | Common Stock, par value $0.02 per share | NEWT | Nasdaq Global Market LLC | | 5.75% Notes due 2024 | NEWTL | Nasdaq Global Market LLC | | 5.50% Notes due 2026 | NEWTZ | Nasdaq Global Market LLC | | 8.00% Notes due 2028 | NEWTI | Nasdaq Global Market LLC | | 8.50% Notes due 2029 | NEWTG | Nasdaq Global Market LLC | - The registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards under Section 13(a) of the Exchange Act[2](index=2&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This section provides a cautionary statement on forward-looking information, highlighting inherent risks and uncertainties, and disclaims any obligation to update such statements [Disclaimer on Future Performance](index=4&type=section&id=Disclaimer%20on%20Future%20Performance) This section provides a cautionary statement on forward-looking information, highlighting inherent risks and uncertainties, and disclaims any obligation to update such statements - Statements in the Current Report on Form 8-K contain forward-looking statements under the Private Securities Litigation Reform Act of 1995[3](index=3&type=chunk) - These statements are based on management's current expectations and beliefs, subject to significant risks and uncertainties, with actual results potentially differing[3](index=3&type=chunk) - NewtekOne does not undertake to update forward-looking statements to reflect the impact of subsequent circumstances or events[3](index=3&type=chunk) [Current Events](index=4&type=section&id=Current%20Events) This section details NewtekOne, Inc.'s declaration of a quarterly cash dividend of $0.19 per share on June 27, 2024, and lists the related press release as Exhibit 99.1 [Item 2.02. Results of Operations and Financial Condition](index=4&type=section&id=Item%202.02.%20Results%20of%20Operations%20and%20Financial%20Condition) NewtekOne, Inc. declared a quarterly cash dividend of $0.19 per share on June 27, 2024, communicated via a press release furnished as Exhibit 99.1 - On **June 27, 2024**, NewtekOne, Inc. declared a quarterly dividend of **$0.19 per share**[4](index=4&type=chunk)[11](index=11&type=chunk) - The declaration was made through a press release titled "NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share," furnished as **Exhibit 99.1**[4](index=4&type=chunk)[11](index=11&type=chunk) [Item 9.01. Financial Statement and Exhibits](index=4&type=section&id=Item%209.01.%20Financial%20Statement%20and%20Exhibits) This section lists Exhibit 99.1, the press release issued by NewtekOne, Inc. on June 27, 2024, announcing the quarterly dividend declaration - **Exhibit 99.1**: Press Release entitled "NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share"[11](index=11&type=chunk) [Signatures](index=5&type=section&id=Signatures) This section confirms the official signing and authorization of the report by NewtekOne, Inc.'s Chief Executive Officer, President, and Chairman of the Board, Barry Sloane, on June 27, 2024 [Report Authorization](index=5&type=section&id=Report%20Authorization) This section confirms the official signing and authorization of the report by NewtekOne, Inc.'s Chief Executive Officer, President, and Chairman of the Board, Barry Sloane, on June 27, 2024 - The report was signed by **Barry Sloane**, Chief Executive Officer, President, and Chairman of the Board of NEWTEKONE, INC[12](index=12&type=chunk) - Date of signing: **June 27, 2024**[12](index=12&type=chunk)

Amount and timing of dividends, if any, remain subject to the discretion of the Company's Board of Directors. NewtekOne's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions. ...

Core Points - NewtekOne, Inc. announced a quarterly cash dividend of $0.19 per share, payable on July 19, 2024, to shareholders of record as of July 9, 2024 [1] - NewtekOne provides a wide range of business and financial solutions, including banking, business lending, electronic payment processing, technology solutions, eCommerce, and insurance solutions [2][10] Dividend Information - The amount and timing of dividends are subject to the discretion of the Company's Board of Directors [8] Company Overview - NewtekOne is a financial holding company that offers various business solutions to independent business owners across all 50 states, aiming to help them grow sales, control expenses, and reduce risk [10]