NewtekOne, Inc. Reconfirms its 2024 Annual EPS Forecast in a Range of $1.85 to $2.05 per Basic and Diluted Common Share

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].