NewtekOne reports Q4 ANII $0.06/share, declares $0.18 dividend, updates 2023-2024 EPS guidance

NewtekOne, Inc.

2023-FY EPS reported $1.34

Q4 total investment income $23.1M, net investment loss $(5.4)M, ANII $1.5M ($0.06/share).
Full year 2022 ANII $51.9M ($2.14/share), down 34.5% YoY due to non-recurring PPP fees.
Declares first dividend as financial holding company of $0.18/share, payable April 14, 2023 to holders of record April 4, 2023.
Updates EPS projections: 2023 $1.70-$2.00, 2024 $2.80-$3.20.
Record SBA 7(a) loan fundings of $775.6M in 2022; forecasts $875M in 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NewtekOne, Inc. reported the three months ended December 31, 2022 results: revenue $23.1 million, net income $(5.4) million, EPS $(0.22) per share. Guidance initiated.

Period: the three months ended December 31, 2022
Revenue: $23.1 million
Net income: $(5.4) million
EPS: $(0.22) per share
Guidance: initiated
Result: reported results

Exact text from the filing

Total investment income of $23.1 million for the three months ended December 31, 2022; a decrease of (6.9)% compared to total investment income of $24.8 million for the three months ended December 31, 2021. • Net investment income (loss) of $(5.4) million, or $(0.22) per share, for the three months ended December 31, 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NewtekOne, Inc. reported the twelve months ended December 31, 2022 results: revenue $86.2 million, net income $(6.5) million, EPS $(0.27) per share. Guidance initiated.

Period: the twelve months ended December 31, 2022
Revenue: $86.2 million
Net income: $(6.5) million
EPS: $(0.27) per share
Guidance: initiated
Result: reported results

Exact text from the filing

Total investment income of $86.2 million for the twelve months ended December 31, 2022; a decrease of (20.5)% compared to total investment income of $108.5 million for the twelve months ended December 31, 2021, which included $50.0 million of fee income from the PPP, which, as previously disclosed, is not recurring. • Net investment loss of $(6.5) million, or $(0.27) per share, for the twelve months ended December 31, 2022

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NewtekOne, Inc. filing history →

Source: SEC EDGAR

accession 0001587987-23-000055

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