NewtekOne(NEWT)
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NewtekOne(NEWT) - 2024 Q2 - Earnings Call Presentation
2024-08-07 04:57
| --- | --- | --- | |-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | NASDAQ: NEWT Second Quarter 2024 Financial Results Conference Call August 6, 2024 | | | | Hosted and Presented by: Barry Sloane, CEO & President M. Scott Price, CFO | | | | Also Attending Nicolas Young, President, Newtek Bank, N.A. Investor Relations Jayne Cavuoto Director of Investor ...
NewtekOne(NEWT) - 2024 Q2 - Earnings Call Transcript
2024-08-07 04:56
NewtekOne, Inc. (NASDAQ:NEWT) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Barry Sloane - President, Chairman and Chief Executive Officer Scott Price - Chief Financial Officer Frank Di Maria - Chief Accounting Officer Nicolas Young - President and Chief Operating Officer, Newtek Bank, N.A Conference Call Participants Crispin Love - Piper Sandler Tim Switzer - KBW Steve Moss - Raymond James Christopher Nolan - Ladenburg Thalmann Bryce Rowe - B. Riley Operator Good day and t ...
NewtekOne, Inc. Closes $154,320,000 Alternative Business Loan Backed Securitization
Newsfilter· 2024-07-24 14:50
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 ...
NewtekOne, Inc. Closes $154,320,000 Alternative Business Loan Backed Securitization
GlobeNewswire News Room· 2024-07-24 14:50
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 ...
Preferreds Weekly Review: Tight Spreads Drive Bond Issuance
Seeking Alpha· 2024-07-15 04:24
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 ...
NewtekOne, Inc. to Report Second Quarter 2024 Financial Results on Monday, August 5, 2024 After the Market Closes
Newsfilter· 2024-07-01 12:45
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 ...
NewtekOne(NEWT) - 2024 Q1 - Quarterly Results
2024-06-27 12:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 NEWTEKONE, INC. (Exact Name of Company as Specified in its Charter) Maryland 814-01035 46-3755188 4800 T Rex Avenue, Suite 120, Boca Raton, Florida 33431 (Address of principal executive offices and zip code) (Former name or former address, if changed from last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the fil ...
NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share
Newsfilter· 2024-06-27 12:30
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. ...
NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share
GlobeNewswire News Room· 2024-06-27 12:30
BOCA RATON, Fla., June 27, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ: NEWT), today announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share on the outstanding common stock of NewtekOne. The dividend is payable on July 19, 2024 to shareholders of record as of July 9, 2024. NewtekOne's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Tech ...
NewtekOne, Inc. CEO, Barry Sloane, to Attend the 25th Annual KBW Community Bank Investor Conference July 30-31, 2024
GlobeNewswire News Room· 2024-06-10 12:30
BOCA RATON, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced today that NewtekOne's CEO and President, Barry Sloane, and CFO, M. Scott Price, will attend and hold group investor meetings at the 25th Annual KBW Community Bank Investor Conference July 30-31, 2024 at the Hilton New York Midtown. To schedule a meeting, please contact your KBW representative, or Jayne Cavuoto, Director of Investor Relations at NewtekOne, at jcavuoto@newtekone.com. NewtekOne®, Your Business Soluti ...