Core Insights - NewtekOne (NEWT) reported a revenue of $62.83 million for Q3 2024, marking a year-over-year increase of 23.3% and exceeding the Zacks Consensus Estimate of $61.76 million by 1.73% [1] - The company achieved an EPS of $0.45, up from $0.38 a year ago, surpassing the consensus EPS estimate of $0.41 by 9.76% [1] Financial Performance Metrics - Total noninterest income reached $51.85 million, slightly above the average estimate of $51.50 million from three analysts [3] - Net interest income was reported at $10.98 million, exceeding the average estimate of $10.26 million from three analysts [3] - Noninterest income from net gains on sales of loans was $25.68 million, significantly higher than the average estimate of $18.76 million from two analysts [3] - Electronic payment processing income was $11.78 million, below the average estimate of $12.54 million from two analysts [3] - Other noninterest income totaled $11.63 million, surpassing the average estimate of $8.79 million from two analysts [3] - Servicing income was reported at $4.96 million, slightly above the average estimate of $4.75 million from two analysts [3] - Dividend income was $0.37 million, below the average estimate of $0.46 million from two analysts [3] - Technology and IT support income was $3.31 million, significantly lower than the average estimate of $5.92 million from two analysts [3] Stock Performance - Over the past month, NewtekOne shares have returned +3.1%, outperforming the Zacks S&P 500 composite's +0.7% change [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]
NewtekOne (NEWT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates