Core Insights - NewtekOne (NEWT) is expected to report quarterly earnings of $0.41 per share, a 7.9% increase year-over-year, with revenues projected at $61.76 million, reflecting a 21.2% year-over-year growth [1] Earnings Projections - There have been no revisions in the consensus EPS estimate for the quarter over the last 30 days, indicating stability in analysts' forecasts [1][2] - Changes in earnings projections are crucial for predicting investor reactions to the stock [2] Key Financial Metrics - Analysts estimate 'Net interest income' to be $10.26 million, up from $8.08 million a year ago [4] - 'Noninterest income- Net gains on sales of loans' is projected to reach $18.76 million, compared to $12.72 million last year [4] - 'Noninterest income- Electronic payment processing income' is expected to be $12.54 million, an increase from $11.19 million [5] - 'Noninterest income- Other noninterest income' is forecasted at $8.79 million, up from $7.65 million [5] - 'Noninterest income- Servicing income' is likely to reach $4.75 million, compared to $4.60 million in the same quarter last year [6] - 'Noninterest income- Technology and IT support income' is estimated at $5.92 million, up from $5.50 million a year ago [6] Stock Performance - NewtekOne shares have increased by 1.7% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [6] - The company holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near term [6]

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 ...

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 ...

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 ...

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]

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 ...