NewtekOne Q2 net income $6.9M ($0.26 EPS); reaffirms FY2023 EPS $1.70-$2.00

NewtekOne, Inc.

2023-Q2 EPS reported $0.72

Net income $6.9M, EPS $0.26 for Q2 2023, matching previously issued forecast.
Net interest income $5.7M vs $4.6M in Q1; loans held for investment $730.7M.
Newtek Bank deposits $447.4M, up 220.6% from Dec 2022; insured deposits 90.3%.
Reaffirmed FY2023 EPS guidance $1.70-$2.00; expects H2 results to exceed H1.
Paid quarterly dividend $0.18/share on July 21, 2023.

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 three months ended June 30, 2023 results: net income $6.9 million, EPS $0.26 per basic common share. Guidance reaffirmed.

Period: the three months ended June 30, 2023
Net income: $6.9 million
EPS: $0.26 per basic common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net income was $6.9 million, or $0.26 per basic common share, for the three months ended June 30, 2023, which met the Company's previously issued forecast.

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NewtekOne, Inc. filing history →

Source: SEC EDGAR

accession 0001587987-23-000165

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