NewtekOne reaffirms Q1 EPS midpoint of $0.41; deposits up $110M in Q1 to $251M; loan closings +12% YoY

NewtekOne, Inc.

2023-FY EPS reported $0.46

Reaffirmed Q1 2023 EPS forecast of $0.41 midpoint (range $0.37-$0.45).
Deposits grew $110M in Q1 to ~$251M at March 31, 2023; most are non-redeemable CDs.
Total loan closings increased ~12% YoY in Q1 2023 across all lending solutions.
SBA 7(a) gain-on-sale margins improved to 110.84% in Q1 from 108.72% in Q4 2022.
Newtek Bank had $78M tier-one capital on ~$250M assets as of Jan 31, 2023; 30% capitalization.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NewtekOne, Inc. reported the first quarter of 2023 results: EPS $0.41 per share with a range of $0.37 per share to $0.45 per share. Guidance reaffirmed.

Period: the first quarter of 2023
EPS: $0.41 per share with a range of $0.37 per share to $0.45 per share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

We are reconfirming the midpoint forecast of after-tax earnings per share for NewtekOne of $0.41 per share with a range of $0.37 per share to $0.45 per share for the first quarter of 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

NewtekOne, Inc. filing history →

Source: SEC EDGAR

accession 0001587987-23-000082

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