secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001587987-22-000121
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newtek Q3: total inv. income $23.6M (+90% YoY); ANII $0.62 beats; raises FY SBA guidance to ~$775M
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- Q3 net investment income $0.2M ($0.01/share) vs loss ($0.30)/share in Q3 2021; ANII $15.0M ($0.62/share) beats consensus $0.58.
- Record Q3 SBA 7(a) loan fundings $223M (+36% YoY); raised full-year guidance to ~$775M (38% increase over 2021).
- Total investment portfolio $785.6M (+10.3% YoY); NAV $16.04 per share vs $16.23 a year ago.
- Q3 dividend paid $0.65/share; forecast Q4 dividend $0.70/share; total 2022 distributions ~$2.75/share.
- Pending acquisition of NBNYC to convert to bank holding company; regulatory approvals still needed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798722000121/0001587987-22-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798722000121/q32022earnings8-k.htm
  HTML page:      https://secwatch.observer/filing/0001587987-22-000121

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