BOCA RATON, Fla., Oct. 08, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) will report its third quarter 2025 financial results after the market closes on Wednesday, October 29, 2025. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer and Frank DeMaria, Chief Financial Officer of NewtekOne at 4:30 pm ET on Wednesday, October 29, 2025. Please note, to receive a dial-in number for the conference call or to listen to the webcast, intereste ...

BOCA RATON, Fla., Sept. 30, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne” or “Company”) (NASDAQ: NEWT) announced that its wholly owned subsidiary, Newtek Merchant Solutions, LLC (“NMS”), has refinanced its term debt facility and revolving line of credit. Private Credit at Goldman Sachs Alternatives is providing NMS with a $90 million term loan facility and a $5 million line of credit. A portion of the proceeds funded the full repayment of NMS’s approximately $30 million of outstanding term debt with ...

Core Viewpoint - NewtekOne, Inc. has declared an initial dividend of $9.44 per Preferred Share, payable on October 1, 2025, to holders of record as of September 29, 2025, marking the company's commitment to returning value to shareholders [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 aims to help businesses grow sales, control expenses, and reduce risk through state-of-the-art, cost-efficient products and services [2] Business and Financial Solutions - NewtekOne and its subsidiaries offer various services including banking, business lending, SBA lending solutions, electronic payment processing, eCommerce, accounts receivable financing, inventory financing, insurance solutions, web services, and payroll and benefits solutions [3] - Additionally, the company provides technology solutions such as cloud computing, data backup, storage and retrieval, IT consulting, and web services through Intelligent Protection Management Corp. [3]

Company Announcement - NewtekOne, Inc. will participate in the Lytham Partners Fall 2025 Investor Conference, hosting a webcast presentation and one-on-one meetings with investors on September 30, 2025 [1][3]. Webcast Details - The webcast presentation is scheduled for 1:15 p.m. ET on September 30, 2025, and can be accessed via the conference home page or directly through a provided link [2]. One-on-One Meetings - Management will engage in virtual one-on-one meetings during the event, with arrangements available through Lytham Partners [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]. Services Offered - The company provides services including banking, business lending, SBA lending solutions, electronic payment processing, accounts receivable financing, inventory financing, insurance solutions, payroll and benefits solutions, and technology solutions [5].

Core Viewpoint - NewtekOne, Inc. has completed a transaction with Patriot Financial Partners, resulting in the issuance of 2,307,692 shares of common stock in exchange for 20,000 shares of convertible preferred stock and $10 million in cash, which is expected to enhance the company's capital structure and tangible book value per share [1][2][3]. Group 1: Transaction Details - The transaction involved the exchange of 20,000 shares of Series A Preferred Stock and $10 million in cash for 2,307,692 shares of common stock [1]. - Patriot relinquished the right to convert the preferred stock into 950,800 shares of common stock as part of the deal [1]. - The common shares were issued in a private placement under Section 4(a)(2) of the Securities Act of 1933, with a two-year transfer restriction [1]. Group 2: Capital Impact - The transaction is projected to increase the company's common equity tier one capital (CET1 capital) and tier one capital by $30 million [2]. - Pro forma as of June 30, 2025, CET1 capital will rise from $256 million to $286 million due to this transaction [2]. - When combined with $48.357 million from a previous offering, tier one capital will increase from $256 million to $335 million, and tangible book value per common share will reach approximately $10.74 [2]. Group 3: Management Commentary - Barry Sloane, Chairman and CEO of NewtekOne, expressed satisfaction with the transaction, highlighting the confidence shown by Patriot in the company's strategy and management [3]. - Kirk Wycoff, Managing Partner of Patriot, emphasized the excitement of converting preferred stock to common equity and the additional investment, reflecting confidence in NewtekOne's operational execution and business strategy [3]. Group 4: Company Overview - NewtekOne is a financial holding company providing a range of business and financial solutions to independent business owners across the U.S. since 1999 [5]. - The company's offerings include banking, business lending, electronic payment processing, and technology solutions [6].

Core Viewpoint - OptimumBank Holdings, Inc. is on a strong growth trajectory, aiming to exceed $1.2 billion in total assets by the end of 2025 and projecting total assets to reach between $1.5 billion and $1.6 billion by the end of 2026, driven by a consistent annual growth rate of 25% to 30% [2][3][35] Financial Performance - The company reported net earnings of $3.6 million for Q2 2025, slightly lower than Q1 2025's $3.8 million but higher than $3.5 million in Q2 2024 [12] - Year-to-date net earnings for the first half of 2025 reached $7.4 million, compared to $5.8 million in the same period last year [12] - Net interest income increased to $10.2 million in Q2 2025, up from $9.4 million in Q1 2025 and $8.7 million in Q2 2024 [14] Asset Growth and Projections - Current total assets are nearing the $1 billion milestone, with a compound annual growth rate of 34.74% since 2021 [11][12] - The company aims to surpass $1.2 billion in total assets by the end of 2025 and projects reaching between $1.5 billion and $1.6 billion by the end of 2026 [2][3] Loan Portfolio and Asset Quality - The gross loan portfolio totaled $784 million, reflecting a slight decrease of $15 million quarter-over-quarter, primarily due to loan payoffs [16] - Non-accrual loans decreased to $3.2 million from $7.5 million in the prior quarter, indicating improved asset quality [16] - The company recorded a $19,000 net recovery on its allowance for loan losses, with total allowance standing at $9.34 million, representing 1.19% of the portfolio [16] Strategic Focus - The bank emphasizes maintaining strong relationships with borrowers and a disciplined approach to lending, which has resulted in minimal losses year-over-year [21][24] - OptimumBank is investing in technology and talent to enhance its operational efficiency and support its growth strategy [17][29] Market Position - OptimumBank focuses on traditional in-person banking services in South Florida, differentiating itself from larger financial institutions by offering lower fees and specialized expertise in real estate and commercial lending [4][5] - The bank's employee count has increased significantly from 38 in 2021 to 88 as of June 30, 2025, supporting its operational scale [14]

Core Viewpoint - OptimumBank Holdings, Inc. will announce its financial results for the second quarter of 2025 on August 7, 2025, and will host a conference call and live webcast to discuss these results and provide a business update [1]. Company Overview - OptimumBank was founded in 2000 in Fort Lauderdale, Florida, focusing on traditional in-person banking for businesses and consumers in South Florida [3]. - The bank aims to provide competitive services without the high fees associated with larger financial institutions, leveraging its expertise in real estate and commercial lending [3]. - The company has experienced significant growth in the past decade and plans to continue capitalizing on this momentum [3]. Financial Solutions - OptimumBank offers a range of business and financial solutions, including Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking [4].

Core Viewpoint - NewtekOne, Inc. is set to report its second quarter 2025 financial results on July 28, 2025, with expectations of continued progress in its business plan [1][2]. Group 1: Financial Results Announcement - The company will release its second quarter 2025 financial results after market close on July 28, 2025 [1]. - A conference call to discuss these results will be hosted by key executives at 4:30 pm ET on the same day [1][2]. - Investors can pre-register for the conference call to receive dial-in information and access the webcast [2]. Group 2: Business Overview - NewtekOne is a financial holding company that provides a variety of business and financial solutions to independent business owners across all 50 states [3]. - The company has been operational since 1999, offering cost-efficient products and services aimed at helping businesses grow sales, control expenses, and reduce risk [3]. Group 3: Services Offered - NewtekOne's services include banking, business lending, SBA lending solutions, electronic payment processing, accounts receivable financing, inventory financing, insurance solutions, and payroll and benefits solutions [4]. - The company also provides technology solutions such as cloud computing, data backup, storage and retrieval, IT consulting, and web services through its subsidiary Intelligent Protection Management Corp. [4].

Core Viewpoint - NewtekOne, Inc. reported strong financial results for the first quarter of 2025, with diluted earnings per share (EPS) of $0.35, exceeding the projected range of $0.28 to $0.32, despite a challenging economic environment and increased loan loss provisions [1][4]. Financial Highlights for 1Q25 - Basic EPS was $0.36 and diluted EPS was $0.35, compared to $0.38 for both in 1Q24 [5]. - Book value per common share increased to $10.73, reflecting a year-over-year growth of 13.2% and a quarter-over-quarter growth of 2.0% [5]. - Tangible book value per common share rose to $10.17, up 23.0% year-over-year and 8.3% quarter-over-quarter [5]. - Net income before taxes for 1Q25 was approximately $11.6 million, down 11.1% from $13.1 million in 1Q24 [5]. - Pre-provision net revenue (PPNR) was approximately $25.2 million, an increase of 47.0% year-over-year from $17.1 million in 1Q24 [5]. - The efficiency ratio improved to 62.1%, down from 70.6% in 1Q24 [5]. - Return on average assets (ROAA) was 1.81%, with EPS guidance implying a 2025 ROAA range of 2.2%-2.7% [5]. - Return on average equity (ROAE) was 12.7%, with guidance suggesting a 2025 ROAE range of 17.2%-20.2% [5]. - Return on average tangible common equity (ROTCE) was 13.9%, with guidance indicating a 2025 ROTCE range of 18.7%-22.0% [5]. Lending and Other Select Highlights for 1Q25 - SBA 7(a) loan originations were approximately $213.4 million, compared to $211.5 million in 1Q24 [5]. - Alternative Loan Program (ALP) loan originations totaled $68.5 million for 1Q25 [5]. - SBA 504 loan originations were roughly $16.9 million, with $12.9 million in SBA 504 loan sales executed [5]. - Newtek Bank originated $41.2 million in commercial real estate (CRE) loans and $22.7 million in commercial and industrial (C&I) loans held for investment in 1Q25 [5]. - Commercial deposits at Newtek Bank increased by $28 million, or 12% quarter-over-quarter, while core consumer deposits grew by $17 million, or 2% quarter-over-quarter [5]. Post 1Q25 Highlights and 2025 Forecasts - The company forecasts annual EPS in a range of $2.10 to $2.50 for 2025, implying a 17% growth in EPS despite a projected near-doubling of the loan loss provision [4]. - The company continues to expect a material reduction in the drag from its Newtek Small Business Finance (NSBF) subsidiary, with losses decreasing more than 50% quarter-over-quarter [6]. - The NSBF portfolio now constitutes 21% of total loans, down from 41% a year ago, indicating a positive trend in loan quality [6]. - The company emphasizes its unique approach as a financial holding company, leveraging non-bank subsidiaries to generate significant earnings [6].

Core Insights - OptimumBank Holdings, Inc. reported its best year in company history, achieving a Core Return on Average Equity (ROAE) exceeding 23% for fiscal year 2024 [1] - The company will present updated performance data through Q1 2025 during its Annual Shareholder Meeting and Investor Day on April 29, 2025 [1][2] Company Overview - Founded in 2000 in Ft. Lauderdale, Florida, OptimumBank focuses on traditional in-person banking services for businesses and consumers in South Florida [3] - The bank offers a trusted alternative to larger financial institutions, emphasizing expertise in real estate and commercial lending [3] - OptimumBank has experienced significant growth over the past decade and aims to continue this momentum in the future [3] Financial Solutions - The bank's business and financial solutions include Business Banking, Business Lending, SBA Lending Solutions, Treasury Management, and Personal Banking [4]