secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001587987-23-000082
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798723000082/0001587987-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798723000082/newt-20230406.htm
  HTML page:      https://secwatch.observer/filing/0001587987-23-000082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer