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

NewtekOne, Inc.

2023-Q2 EPS reported $0.72

Net income $6.9M, EPS $0.26 for Q2 2023; met previously issued forecast.
Net interest income $5.7M, up from $4.6M in Q1 2023; total assets $1.4B.
Newtek Bank deposits $447.4M, up 220.6% from Dec 2022; insured deposits 90.3%.
SBA 7(a) fundings $195.9M in Q2, down 2.3% YoY; FY2023 forecast $875M (+12.8% YoY).
Dividend $0.18/share paid July 21; updated capital ratios: total risk-based 15.1%, Tier-1 leverage 10.5%.

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 0.98

NewtekOne, Inc. reported three months ended June 30, 2023 results: net income $6.9 million, EPS $0.26.

Period: three months ended June 30, 2023
Net income: $6.9 million
EPS: $0.26
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

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

NewtekOne, Inc. reported six months ended June 30, 2023 results: net income $18.6 million, EPS $0.72.

Period: six months ended June 30, 2023
Net income: $18.6 million
EPS: $0.72
Result: reported results

Exact text from the filing

Net income was $18.6 million, or $0.72 per basic common share, for the six months ended June 30, 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 0001587987-23-000174

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