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]

Core Viewpoint - NewtekOne, Inc. has appointed Craig "CJ" Brunet to its boards of directors, enhancing its focus on risk management and technology strategy [1][3]. Company Overview - NewtekOne, Inc. is a financial holding company that provides a variety of business and financial solutions to independent business owners across the United States since 1999 [4]. - The company operates under the Newtek brand and offers services including banking, business lending, electronic payment processing, technology solutions, eCommerce, accounts receivable financing, insurance solutions, and payroll services [5]. Appointment of Craig "CJ" Brunet - CJ Brunet brings over 50 years of experience in information technology and financial services, with expertise in strategic planning, mergers and acquisitions, SaaS, cyber security, compliance, and risk management [2]. - He has previously held significant roles within NewtekOne, including CIO, CTO, and President/COO of Newtek Technology Solutions, and is expected to chair a new Technology Steering Committee [3]. Strategic Importance - The addition of Brunet to the board is seen as a strategic move to enhance the company's risk management capabilities and technology initiatives, aligning with the company's growth objectives [3].

Core Viewpoint - NewtekOne, Inc. will have its CEO Barry Sloane present at the LD Micro Main Event XVII on October 29, 2024, and will also hold one-on-one meetings on October 29-30, 2024 [1] Group 1: 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 [2] - The company's services include banking, business lending, SBA lending solutions, electronic payment processing, technology solutions, eCommerce, accounts receivable financing, inventory financing, insurance solutions, web services, and payroll and benefits solutions [2] Group 2: Event Details - Barry Sloane's presentation will be available via a real-time webcast on NewtekOne's website, with a replay accessible shortly after the live event [1]

Core Insights - NewtekOne, Inc. expects to report deposits at Newtek Bank of $742 million as of September 30, 2024, reflecting an 11.7% sequential increase from $664 million at June 30, 2024, and a 43% increase from $519 million at December 31, 2023 [1] - Insured deposits are projected to represent approximately 75% of total deposits at the end of Q3 2024 [1] - Business core deposits are expected to reach $119 million, an increase of $37 million or 45% from the previous quarter [1][2] - Deposits from lending clients are anticipated to finish Q3 2024 at $78 million, a sequential increase of $30 million [1] Company Strategy and Operations - The company has shown consistent deposit growth from Q2 2024 to Q3 2024, attributed to strategic initiatives implemented since the appointment of the new COO of Digital Banking in November 2023 [2] - Newtek Bank has expanded its staff from 21 to 358 employees to enhance service delivery and operational efficiency [2] - The integration of new business processes and the development of software solutions are key components of the company's strategy to leverage existing customer relationships [2] - The launch of Newtek Zero-Fee Banking™ is expected to attract new clients by highlighting the advantages of banking with Newtek Bank compared to competitors [2] Business Solutions Offered - NewtekOne provides a comprehensive range of business and financial solutions, including banking, business lending, SBA lending solutions, electronic payment processing, technology solutions, eCommerce, accounts receivable financing, insurance solutions, web services, and payroll and benefits solutions [3][4]

Core Insights - NewtekOne, Inc. reported a record $371.8 million in loans closed for Q3 2024, marking a 17.3% increase from $316.7 million in Q2 2024 [1] - The company achieved SBA 7(a) loan closings of $245.3 million in Q3 2024, a 6.6% increase from Q2 2024 and a 12.5% increase year-over-year [1] - NewtekOne forecasts total SBA 7(a) loan closings of $935.0 million for 2024, representing a 14.7% increase over 2023 [1] Company Performance - The company has originated over $1 billion in business loans year-to-date through September 30, 2024, with a sequential loan growth of 17.3% in Q3 2024 [2] - NewtekOne's proprietary NewTracker® system has a funding acceptance rate of less than 2%, indicating a focus on high-quality credit opportunities [2] - The company anticipates selling between $650 to $700 million of government-guaranteed portions of SBA 7(a) loans in 2024, which will be removed from its balance sheet [2] Business Strategy - NewtekOne integrates its loan acquisition and processing methods into a regulated bank holding company, enhancing its operational capabilities [2] - The company has maintained a charge-off rate of zero for its $500 million 504 loan portfolio since 2019, demonstrating strong credit quality [2] - NewtekOne's alternative loan program has funded approximately $380 million since 2019, with only $3.0 million written off, showcasing effective risk management [2] Services Offered - NewtekOne provides a wide range of business and financial solutions, including banking, business lending, SBA lending solutions, electronic payment processing, and technology solutions [3][4] - The company aims to support independent business owners across all 50 states with cost-efficient products and services [3]

Core Viewpoint - NewtekOne, Inc. is set to report its third quarter 2024 financial results on November 6, 2024, with a conference call scheduled for November 7, 2024, where the company will also provide 2025 business projections [1][3]. Company Overview - NewtekOne, Inc. is a financial holding company that offers a variety of business and financial solutions to independent business owners across all 50 states since 1999 [4]. - The company operates under the Newtek brand and provides cost-efficient products and services aimed at helping businesses grow sales, control expenses, and reduce risk [4]. Business Solutions - NewtekOne's offerings include banking services through Newtek Bank, business lending, SBA lending solutions, electronic payment processing, technology solutions (such as cloud computing and IT consulting), eCommerce, accounts receivable and inventory financing, insurance solutions, web services, and payroll and benefits solutions [5]. Management Commentary - Barry Sloane, CEO, expressed confidence in the company's performance despite a challenging equity market, highlighting a strong demand from small- and medium-sized businesses for NewtekOne's solutions [3]. - The company remains comfortable with its previously issued 2024 annual EPS guidance and plans to discuss its growth trajectory during the upcoming earnings call [3].

Group 1 - The article discusses the preferred stock and baby bond market activity, providing both bottom-up insights on individual news and events, and top-down analysis of the broader market [1] - It highlights the availability of Interactive Investor Tools for navigating various markets including BDC, CEF, OEF, preferred, and baby bonds [1] Group 2 - A projected revenue backlog for American Shared is presented, showing a significant increase from $106 million on 12/31/22 to a projected $250 million by 5/10/24 [2] - The chart includes projected revenues for the next ten years for retail centers and lease agreements until their expiration dates [2]

Core Viewpoint - NewtekOne, Inc. has successfully closed a public offering of $75 million in 8.625% Fixed Rate Senior Notes due 2029, with proceeds aimed at funding investments, repaying existing debt, and general corporate purposes [1][2][3] Group 1: Offering Details - The offering consists of $75 million aggregate principal amount of 8.625% Fixed Rate Senior Notes, maturing on October 15, 2029, with a redemption option starting October 15, 2026 [1] - Interest on the Notes will be paid quarterly, beginning January 15, 2025 [1] - The Notes are expected to be listed on the Nasdaq Global Market under the symbol "NEWTH" within thirty days [2] Group 2: Use of Proceeds - Proceeds from the offering will be utilized for general working capital, repayment of existing debt, and funding investments, particularly in the alternative loan program business [3] - The company anticipates retiring approximately $22 million of securitization debt, which will enhance cash flow and liquidity [3] Group 3: Financial Performance and Guidance - The company has confirmed its 2024 annual earnings per share guidance of $1.85 to $2.05 per basic and diluted common share [3] - As of August 31, 2024, the 2018-1 and 2019-1 SBA 7(a) securitizations contain approximately $68 million of accruing loans and $15 million of non-accruing loans at fair value [3] Group 4: Company Overview - NewtekOne, Inc. is a financial holding company providing a range of business and financial solutions to independent business owners across all 50 states [4] - The company's services include banking, business lending, electronic payment processing, technology solutions, eCommerce, and more [5]

Core Viewpoint - NewtekOne, Inc. (NASDAQ: NEWT) is currently rated as a "Hold" by analysts, with concerns about its leverage and performance in potential downturns, despite its low valuation and attractive dividend yield [1][3][15]. Financial Performance - For Q2 2024, NewtekOne reported earnings per share (EPS) of $0.43 and reaffirmed its full-year EPS guidance of $1.85 to $2.05 [7][9]. - The company experienced a 17% growth in business deposits, reaching $136 million, and a 13% increase in total loan growth [9]. - The net interest margin for Q2 2024 was 4.83%, showing a slight increase from the previous quarter and a significant rise of 51.9% compared to the same period last year [9]. Market Comparison - NewtekOne's total return of 2.48% significantly lags behind the SPDR S&P Regional Banking ETF (KRE), which delivered a total return of 13.57% [6][5]. - Despite the overall positive performance of regional banks, NewtekOne has struggled to keep pace, raising questions about its operational efficiency [5]. Investment Considerations - The stock is trading at less than 6 times estimated earnings, with a dividend yield approaching 6.5%, making it appear cheap relative to its earnings [3][15]. - Analysts express skepticism about the company's ability to manage potential losses during a recession, given the lack of historical performance data in such conditions [15][16]. Business Model Insights - NewtekOne's business model emphasizes non-interest income, which provides some insulation from credit and interest rate fluctuations [13]. - The company has a strong track record in lending to middle-market and small- to medium-sized businesses, leveraging 20 years of experience to navigate economic downturns [16]. Bond Market Activity - NewtekOne has several baby bonds trading on exchanges, which are viewed as safer investments compared to common stock, offering higher yields [17][19]. - The market remains cautious about NewtekOne's prospects, as indicated by the higher yields on its bonds compared to its common shares [18][19].

Core Viewpoint - NewtekOne, Inc. reaffirms its 2024 annual earnings per share (EPS) forecast in the range of $1.85 to $2.05 per basic and diluted common share, despite challenges in the equity market for financial businesses [1][2]. Company Overview - NewtekOne, Inc. is a financial holding company that provides a variety of business and financial solutions to independent business owners across all 50 states since 1999 [3]. - The company operates under the Newtek brand and aims to help businesses grow sales, control expenses, and reduce risks through state-of-the-art, cost-efficient products and services [3]. Business Solutions Offered - NewtekOne and its subsidiaries offer a comprehensive range of solutions including: - Banking services through Newtek Bank, N.A. - Business and SBA Lending Solutions - Electronic Payment Processing - Technology Solutions such as Cloud Computing and IT Consulting - eCommerce and Accounts Receivable Financing - Insurance Solutions, Web Services, and Payroll and Benefits Solutions [4]. Management Insights - Barry Sloane, the Chairman and CEO, expressed confidence in the management team's ability to meet business goals and satisfy client needs, highlighting a strong demand from the small- and medium-sized business (SMB) community for their services [2]. - The company plans to provide its 2025 business projections during the third quarter 2024 earnings conference call, indicating a focus on illustrating the growth trajectory of its business model [2].