Newtek Business Services

Newtek Business Services Corp. is a non-diversified closed-end management investment company, which engages in the provision of business and financial solutions. Its products and services include business lending, electronic payment processing, managed technology solutions (cloud computing), technology consulting, ecommerce, accounts receivable, inventory financing, personal and commercial lines insurance services, web services, data backup, storage and retrieval, and payroll and benefits solutions to small-and-medium sized businesses (SMB) accounts nationwide across all industries. The company was founded by Barry Sloane in 1998 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NewtekOne, Inc. is a financial holding company, which engages in the provision of business and financial solutions. Its brands include Newtek Bank, Newtek Lending, Newtek Payments, Newtek Insurance, Newtek Payroll, and Newtek Technology. The company was founded by Barry Sloane in 1998 and is headquartered in Boca Raton, FL.

NewtekOne, Inc. (NASDAQ:NEWT ) Q4 2023 Earnings Conference Call March 6, 2024 8:30 AM ET Company Participants Barry Sloane - President, Chairman and Chief Executive Officer Scott Price - Chief Financial Officer Conference Call Participants Crispin Love - Piper Sandler Tim Switzer - KBW Christopher Nolan - Ladenburg Thalmann Steve Moss - Raymond James Operator Good day and thank you for standing by. Welcome to the NewtekOne Inc. Fourth Quarter 2023 Earnings Conference Call.

NewtekOne, Inc. (NEWT) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for NewtekOne (NEWT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

NewtekOne (NEWT) Reports Q4 Earnings: What Key Metrics Have to Say

NewtekOne (NEWT) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.06 per share a year ago.

NewtekOne (NEWT) Q4 Earnings and Revenues Lag Estimates

Full Year 2023 Basic Earnings per Share of $1.71 and Diluted Earnings per Share of $1.70 Conference Call Tomorrow 8:30 AM ET BOCA RATON, Fla., March 05, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced today its financial and operating results for the three and twelve months ended December 31, 2023.

NewtekOne, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

KeyCorp

PacWest Bancorp

It's perhaps an opportune moment to think about risky bank stocks to sell. In the aftermath of a tumultuous week in the U.S. financial landscape, where inflation spikes and weakening consumer spending stirred uncertainty, the Federal Reserve maintained caution on interest rate cuts.

It's Time! 3 Sorry Bank Stocks to Sell in February

BOCA RATON, Fla., Feb. 05, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today strong growth in its total loan pipeline, across all lending products, year-to-date through January 31, 2024, compared to the same period last year. The total pipeline consists of loans that are in the Company's three lending stages: prequalification, underwriting and approved pending closing. NewtekOne's loan programs include SBA 7(a) loans, SBA 504 loans, alternative loan financing program (formerly referred to as our non-conforming conventional loan program), conforming C&I loans and conforming CRE loans. Newtek Bank's flagship loan program, SBA 7(a) lending, and the Company's alternative loan finance program, led the year-over-year pipeline growth for January. The following summarize the year-over-year pipeline growth year-to-date through January 31, 2024:

NewtekOne, Inc. Begins 2024 with Strong January Loan Pipeline Growth

BOCA RATON, Fla., Feb. 05, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that it will report its fourth quarter and full year 2023 financial results after the market closes on Tuesday, March 5, 2024. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer; M. Scott Price, Chief Financial Officer; and Nicholas Leger, Chief Accounting Officer, the following day, Wednesday, March 6, 2024 at 8:30 am ET.

NewtekOne, Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on Tuesday, March 5, 2024 After the Market Closes

BOCA RATON, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that it has published its ‘2024 Newtek Advantage™ Guide to Success', which is available to investors, existing clients, and prospective new clients on the Company's website through the following link: 2024 Newtek Advantage Guide to Success. The 2024 Newtek Advantage Guide to Success is a Newtek-created and published document that the Company believes can provide independent business owners with a greater path to succeed in their business endeavors in 2024 and also displays how NewtekOne can help them increase their revenues, reduce their expenses, and improve their productivity.

NewtekOne, Inc. Releases the Newtek Advantage™ Guide to Success

BOCA RATON, Fla., Jan. 18, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that S&P Global Ratings raised its ratings on a total of four classes of notes issued by Newtek Small Business Loan Trusts 2018-1 and 2019-1. The Newtek Small Business Loan Trust 2018-1, Class A Notes were raised to “A+ (sf)” from “A (sf)'' and the Class B Notes was raised to “BBB (sf)” from “BBB- (sf).” In addition, the Newtek Small Business Loan Trust 2019-1 Class A Notes were raised to “A+ (sf)” from “A (sf)” and the Class B Notes were raised to “BBB (sf)” from “BBB- (sf).” According to S&P Global Ratings, the ratings upgrades reflect their view of the transactions' stable performance, the increasing level of credit enhancement as well as the structural features of the transactions. These loan trusts are asset-backed securities transactions backed by amortizing pools of unguaranteed interests in SBA 7(a) loans originated by the Company's subsidiary.

Newtek Small Business Loan Trust Securitizations Ratings Upgraded by S&P Global Ratings

BOCA RATON, Fla., Jan. 03, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company” or “NewtekOne”) (NASDAQ: NEWT), announced today that its nationally chartered bank subsidiary, Newtek Bank, N.A., closed a record $262.9 million of SBA 7(a) loans for the three months ended December 31, 2023, which represents a new quarterly record for the Company, and a 20.6% increase over the previous quarterly record of $218.0 million SBA 7(a) loans closed for the three months ended September 30, 2023. In addition, NewtekOne, through Newtek Small Business Finance and Newtek Bank, closed a record $828.1 million of SBA 7(a) loans for the twelve months ended December 31, 2023, a new annual record for the Company, and a 7.3% increase over $771.9 million of SBA 7(a) loans closed for the twelve months ended December 31, 2022. Newtek Bank currently expects to close $175 million to $200 million of SBA 7(a) loans in the first quarter of 2024, which would represent a 23% increase, at the midpoint of the range, from $152.5 million of SBA 7(a) loans closed in the first quarter 2023. Newtek Bank and the Company's non-bank subsidiaries, closed a record $1.1 billion of loans, across all loan products, for the twelve months ended December 31, 2023, compared to $911.5 million for the same period in 2022.

NewtekOne, Inc. Announces Record Loan Closings for the Fourth Quarter and Full Year 2023

NewtekOne, Inc. has seen dividend investors leave due to its low payout ratios. The company recently lowered its EPS guidance for 2023 and introduced lower-than-expected guidance for 2024. Lending companies, including NEWT, are facing challenges due to a deeply inverted yield curve, and regional banks may be safer investments.

NewtekOne: Look For Further Downgrades To Growth Outlook

BOCA RATON, Fla., Dec. 11, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share on the outstanding common stock of NewtekOne. The dividend is payable on January 12, 2024 to shareholders of record as of December 29, 2023.

NewtekOne, Inc. Declares a Quarterly Dividend of $0.18 per Share

American Assets

Ares Commercial Real Estate

Ally Financial

Apollo Commercial Real Estate Finance

Axos Financial Inc.

Barings BDC Inc

Bain Capital Specialty Finance Inc

Brandywine Realty

Broadridge Financial

Chimera Investment

CION Investment Corp

Central Pacific Financial

Easterly Government Properties

Euronet Worldwide

Eagle Bancorp

Fidus Investment

First Interstate BancSystem

Shift4 Payments

GCM Grosvenor Inc

Green Dot

Highwoods Properties

Robinhood

Healthcare Realty Trust Inc

Kimco Realty

KKR Real Estate Finance Trust

LTC Properties

Moelis

Medical Properties Trust

Marqeta

nCino, Inc.

National Health Investors

Bank of N.T. Butterfield & Son

Nuvei Corp

NexPoint Residential Trust

New York Mortgage Trust

Orchid Island Capital

Patria Investments

Piedmont Office Realty Trust

PennyMac Mortgage Investment

Prudential Financial

Prospect Capital

Runway Growth Finance Corp

Stifel Financial

Solar Capital

Spirit Realty Capital

SS&C Technologies Hlds

STAG Industrial

TCP Capital

Toast

Tradeweb Markets

UMH Properties

Washington Trust Bancorp

W. P. Carey

Western Union

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2023.

KBW Announces Index Rebalancing for Fourth-Quarter 2023

IF Bancorp

Underperforming bank stocks are casting a shadow over the U.S. financial landscape on the back of diminished investor confidence, shaken by the March banking crisis. The banking sector, still reeling from the Silicon Valley Bank collapse and struggles of smaller lenders, has yet to see the same benefits of rising interest rates.

3 Underperforming Bank Stocks You Better Not Be Buying

BOCA RATON, Fla., Nov. 29, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company” or “NewtekOne”) (NASDAQ: NEWT), announced today that it has partnered with 1-800Accountant (https://1800accountant.com/), America's leading virtual accounting firm for small businesses, for NewtekOne to offer 1-800Accountant's accounting services to NewtekOne's independent business owner clients and referral partners via “Newtek Accounting” (newtekaccounting.com). Through Newtek Accounting, NewtekOne's clients will have access to 1-800Accountant's suite of professional accounting services, which is powered by both a mix of technology and CPAs with an average of 17 years of experience. This product offering will enable NewtekOne to augment its already broad suite of business and finance solutions and offer its clients digital bookkeeping, personalized accounting solutions, and tax advisory services underscored by access to experts to assist them with their business' accounting and tax needs, while simultaneously allowing them more time to focus on growing their business.

NewtekOne, Inc. Launches Newtek Accounting

BOCA RATON, Fla., Nov. 28, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that its bank subsidiary, Newtek Bank, N.A., has hired Ms. Jennifer Merritt as Chief Operating Officer of digital banking operations, effective November 27, 2023.

Newtek Bank, N.A. Hires Chief Operating Officer of Digital Banking Operations

Ares Capital

Hercules Capital

Main Street Capital

Oaktree Specialty Lending

Triplepoint Venture Growth BDC

Business Development Companies are an important part of the U.S. financial system, providing loans to private companies and offering high yields to investors. TriplePoint Venture Growth is a small BDC with a focus on venture lending, offering high yields but with higher risks due to problematic loans. Hercules Capital is a unique and well-performing BDC with exceptional underwriting and a strong track record, making it a good investment option.

How To Invest $1,000 Per Month (November Edition)

NewtekOne, Inc. (NASDAQ:NEWT ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Barry Sloane - President & CEO Scott Price - CFO, NewtekOne HoldCo and Newtek Bank National Association Nicholas Leger - EVP & CAO Conference Call Participants Christopher Nolan - Ladenburg Thalmann & Co. Michael Perito - KBW Scott Sullivan - Raymond James Bryce Roe - B. Riley Operator Good day, and thank you for standing by.

NewtekOne, Inc. (NEWT) Q3 2023 Earnings Call Transcript

NewtekOne stock has had a wild ride since our last article. Q2-2023 results were fine and capital ratios were excellent. The baby bonds just issued might make for a smoother investment experience than the common shares.

NewtekOne: The 8.1% Baby Bonds Might Make A Better Investment Than Common Shares

BOCA RATON, Fla., Oct. 10, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that it will report its third quarter 2023 financial results after the market closes on Tuesday, November 7, 2023. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer; M. Scott Price, Chief Financial Officer; and Nicholas Leger, Chief Accounting Officer, the following day, Wednesday, November 8, 2023 at 8:30 am ET.

NewtekOne, Inc. to Report Third Quarter 2023 Financial Results on Tuesday, November 7, 2023 After the Market Closes

BOCA RATON, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced today that NewtekOne's CEO and President, Barry Sloane, will present at the LD Micro ‘Sweet Sixteen' Main Event XVI tomorrow, Tuesday, October 3, 2023 at 8:00 AM PDT (11:00 AM EDT), Track 1, at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.

NewtekOne, Inc. CEO, Barry Sloane, to Present at the LD Micro ‘Sweet Sixteen' Main Event XVI

BOCA RATON, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company” or “NewtekOne”) (NASDAQ: NEWT), announced today that its nationally chartered bank subsidiary, Newtek Bank, N.A., closed a record $218.0 million of SBA 7(a) loans for the three months ended September 30, 2023, which represents a new quarterly record for the Company, beating the previous record quarter of $217.8 million SBA 7(a) loans closed for the three months ended September 30, 2022. In addition, Newtek Bank closed a record 517 SBA 7(a) loan units for the three months ended September 30, 2023, an increase of 45.6% compared to 355 SBA 7(a) loan units closed by the Company for the same period in 2022. Total loan closings across all of the Company's loan products reached $261.5 million, and 541 units, for the three months ended September 30, 2023, compared to $251.8 million, and 368 units, for the same period one year ago. Both the total loan closings in dollars and units were also quarterly records for the Company.

NewtekOne, Inc. Achieves Record SBA 7(a) Loan Closings in the Third Quarter 2023

BOCA RATON, Fla., Sept. 27, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share on the outstanding shares of the Company's common stock, payable on October 20, 2023 to shareholders of record as of October 10, 2023.

NewtekOne, Inc. CEO, Barry Sloane, Comments on the Declaration of Quarterly Dividend of $0.18 per Share

BOCA RATON, Fla., Aug. 31, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company” or “NewtekOne”) (NASDAQ: NEWT), announced today that it has completed a registered public offering of $40.0 million aggregate principal amount of its 8.00% Fixed Rate Senior Notes due 2028 (the “Notes” and the “Offering”). The Notes will mature on September 1, 2028 and may be redeemed by the Company, in whole or in part, at any time on or after September 1, 2025 at a redemption price equal to 100% of the outstanding principal amount to be redeemed plus accrued and unpaid interest. The Notes will bear interest at a rate of 8.00% per year payable quarterly on each March 1, June 1, September 1 and December 1, beginning December 1, 2023.

NewtekOne, Inc. Completes Offering of $40 Million of 8.00% Fixed Rate Senior Notes due 2028

BOCA RATON, Fla., Aug. 21, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that the Board of Directors of its bank subsidiary, Newtek Bank, N.A,. has declared a dividend of $2.0 million, payable to NewtekOne.

NewtekOne, Inc. Announces that its Bank Subsidiary, Newtek Bank, N.A., has Declared a Dividend of $2.0 Million Payable to NewtekOne, Inc.

News for Newtek Business Services Stock (NEWT)