NewtekOne, Inc. (NEWT)
| Market Cap | 363.01M |
| Revenue (ttm) | 316.41M |
| Net Income (ttm) | 41.77M |
| Shares Out | 26.31M |
| EPS (ttm) | 1.68 |
| PE Ratio | 8.21 |
| Forward PE | 6.54 |
| Dividend | $0.76 (5.51%) |
| Ex-Dividend Date | Oct 10, 2024 |
| Volume | 124,364 |
| Open | 13.85 |
| Previous Close | 13.87 |
| Day's Range | 13.69 - 13.95 |
| 52-Week Range | 10.07 - 15.49 |
| Beta | 1.36 |
| Analysts | Hold |
| Price Target | 14.33 (+3.84%) |
| Earnings Date | Nov 6, 2024 |
About NEWT
NewtekOne, Inc. operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans. It is also involved in the provision of electronic payment processing services comprising credit and debit card processing serv... [Read more]
Financial Performance
In 2023, NewtekOne's revenue was $271.15 million, an increase of 106.20% compared to the previous year's $131.50 million. Earnings were $45.88 million, an increase of 41.98%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for NEWT stock is "Hold." The 12-month stock price forecast is $14.33, which is an increase of 3.84% from the latest price.
News
Newtek Bank, N.A. Launches Newtek Zero-Fee Business Banking™
Goal is to Attract Business Deposits with Full Transparency, Trust, and Low Cost Goal is to Attract Business Deposits with Full Transparency, Trust, and Low Cost
NewtekOne, Inc.'s, CEO, Barry Sloane, Interviewed at the LD Micro Main Event XVII Investor Conference
BOCA RATON, Fla., Nov. 14, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc.'s (NASDAQ: NEWT) CEO, President, and Chairman, Barry Sloane, was recently interviewed by Chris Miglino, founder and CEO, of Sequire,...
NewtekOne, Inc. (NEWT) Q3 2024 Earnings Call Transcript
NewtekOne, Inc. (NASDAQ:NEWT) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Barry Sloane - Founder, President and CEO Scott Price - Chief Financial Officer, Newtek...
NewtekOne, Inc. Reports Third Quarter 2024 Earnings of $0.45 per Basic and Diluted Common Share
Growth in Deposits, Loans and Payments Segment Lead the Third Quarter 2024 Results Growth in Deposits, Loans and Payments Segment Lead the Third Quarter 2024 Results
NewtekOne, Inc. Announces Appointment of a New Independent Director
BOCA RATON, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) announced today the appointment of Craig “CJ” Brunet as a member of the boards of directors of NewtekOne, Inc. and Ne...
NewtekOne, Inc. CEO, Barry Sloane, to Present at the LD Micro Main Event XVII on October 29, 2024
BOCA RATON, Fla., Oct. 25, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) announced today that NewtekOne's CEO and President, Barry Sloane, will present at the LD Micro Main Event XVII on Tue...
Newtek Bank, N.A. Achieves 11.7% Deposit Growth in the Third Quarter 2024
BOCA RATON, Fla., Oct. 08, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) announced today that it expects to report deposits at Newtek Bank, N.A.
NewtekOne, Inc. Achieves 17.3% Sequential Growth in Record Total Loan Closings in the Third Quarter 2024 over the Second Quarter 2024
Achieves SBA 7(a) Closings of $245.3 Million in the Third Quarter 2024 Achieves SBA 7(a) Closings of $245.3 Million in the Third Quarter 2024
NewtekOne, Inc. to Report Third Quarter 2024 Financial Results on Wednesday, November 6, 2024 After the Market Closes
BOCA RATON, Fla., Oct. 02, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) announced today that it will report its third quarter 2024 financial results after the market closes on Wednesday, No...
Preferreds Weekly Review: Banks Are Redeeming Their Preferreds
We take a look at the action in preferreds and baby bonds through the third week of September and highlight some of the key themes we are watching. Preferred stocks had a strong week, driven by fallin...
$1.8M Bet On Singular Genomics? Check Out These 3 Stocks Executives Are Buying
Although U.S. stocks closed lower on Wednesday, there were a few notable insider trades.
NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share
BOCA RATON, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) announced today that its Board of Directors declared a quarterly cash dividend of $0.19 per share on the outstanding...
NewtekOne, Inc. Closes Offering of $75.0 Million of 8.625% Fixed Rate Senior Notes Due 2029
BOCA RATON, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) announced today that it has closed a registered public offering (the “Offering”) of $75.0 million aggregate principa...
NewtekOne: 8.6% Yielding Bonds Make More Sense Than The Stock
We had previously rated NewtekOne, Inc. stock as a hold despite compelling valuation metrics. NewtekOne's Q2 2024 earnings were about in line with expectations, though provisions for loan losses crept...
NewtekOne, Inc. Reconfirms its 2024 Annual EPS Forecast in a Range of $1.85 to $2.05 per Basic and Diluted Common Share
BOCA RATON, Fla., Sept. 05, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) announced today that it is reconfirming its 2024 annual earnings per share (“EPS”) forecast in a range of $1.85 to $...
NewtekOne, Inc. Hires Andrew Kaplan as Chief Strategy Officer
BOCA RATON, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) has hired Mr. Andrew Kaplan as Chief Strategy Officer, effective today.
NewtekOne, Inc. CEO, Barry Sloane, to Attend the Raymond James 2024 U.S. Banking and Banking on Tech Conference September 4-5, 2024
BOCA RATON, Fla., Aug. 28, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that NewtekOne's CEO and President, Barry Sloane, and CFO, M. Scott Price, will atte...
NewtekOne Enters into Agreement to Sell Newtek Technology Solutions, Inc.
BOCA RATON, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne” or the “Company”) (Nasdaq: NEWT) has entered into a definitive agreement (the “Agreement”) to sell its wholly owned sub...
NewtekOne, Inc. (NEWT) Q2 2024 Earnings Call Transcript
NewtekOne, Inc. (NASDAQ:NEWT) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Barry Sloane - President, Chairman and Chief Executive Officer Scott Price - Chief Financ...
NewtekOne, Inc. Reports Second Quarter 2024 Financial Results
Newtek Bank, N.A. Demonstrates Loan and Deposit Growth Maintains its 2024 Annual EPS Forecast in a Range of $1.85 to $2.05 per Basic and Diluted Common Share BOCA RATON, Fla.
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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
NewtekOne, Inc. Closes $154,320,000 Alternative Business Loan Backed Securitization
BOCA RATON, Fla., July 24, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that its joint venture, Newtek-TSO II Conventional Credit Partners, LP (“Newtek-TSO”...
Preferreds Weekly Review: Tight Spreads Drive Bond Issuance
We take a look at the action in preferreds and baby bonds through the first week of July and highlight some of the key themes we are watching. Preferreds market saw a solid week with a drop in Treasur...
NewtekOne, Inc. to Report Second Quarter 2024 Financial Results on Monday, August 5, 2024 After the Market Closes
BOCA RATON, Fla., July 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that it will report its second quarter 2024 financial results after the market close...