BOCA RATON, Fla., June 05, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced that it completed a registered public offering of $71.875 million aggregate principal amount of its 8.50% Fixed Rate Senior Notes due 2029 (the "Notes"), including the underwriters full exercise of their option to purchase additional Notes (the "Offering). The Company received $69,718,750 in proceeds, before expenses, from the sale of the Notes. The Notes will mature on June 1, 2029, and may be redeemed by the Comp ...

Economic growth, by the way, already slowed down in the first quarter, while price pressures continued to run hot. For the first three months of the year, the U.S. economy expanded at a lackluster annual pace of 1.3% as consumer outlays slowed down due to lower spending on cars and durable goods. Meanwhile, as inflation remains elevated, consumer spending is unlikely to jack up for the rest of the year. The Federal Reserve's favored inflation measure, the personal consumption expenditure (PCE) index, was up ...

About NewtekOne, Inc. NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, "NewtekOne"), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sale ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission file number: 814-01035 NEWTEKONE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or or ...

‒ Newtek Payments What is Artificial Intelligence ("AI") and How Do We Use It Today and in the Future? We use AI to manage our remote customer-facing staff by monitoring their activity both by time exerted and camera-screen time, as well as to ensure our staff is consistent and comprehensive in messaging our existing and prospective customers with real-time reporting 10 Net income was $9.7 million, or $0.38 per basic and diluted common share for the three months ended March 31, 2024, compared to net income ...

NewtekOne, Inc. (NASDAQ:NEWT) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Barry Sloane - Chief Executive Officer Scott Price - Chief Financial Officer Frank Di Maria - Chief Accounting Officer Nick Young - President and Chief Operating Officer Conference Call Participants Brad Capuzzi - Piper Sandler Tim Switzer - KBW Bryce Rowe - B. Riley Christopher Nolan - Ladenburg Thalmann Steve Moss - Raymond James Operator Good day and thank you for standing by. Welcome to the NewtekO ...

NewtekOne (NEWT) reported $58.27 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 23%. EPS of $0.38 for the same period compares to $0.45 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $49.06 million, representing a surprise of +18.79%. The company delivered an EPS surprise of +80.95%, with the consensus EPS estimate being $0.21.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

NewtekOne (NEWT) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 80.95%. A quarter ago, it was expected that this provider of financial and business services to small-and medium-sized business would post earnings of $0.58 per share when it actually produced earnings of $0.53, deliveri ...

BOCA RATON, Fla., April 23, 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-one-on-one meetings at the B. Riley Securities 24th Institutional Investor Conference on May 22-23, 2024 at the Beverly Hilton Hotel in Beverly Hills, CA. To schedule a meeting, please contact your B. Riley representative, or Jayne Cavuoto, Director of Investor Relations at NewtekOne, at jcavuoto@newtekone.com. Abo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from _____to_____ Commission file number: 814-01035 FORM 10-K NEWTEKONE, INC. ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Maryland 46-3755188 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUAN ...