NewtekOne Q3 net income $10.0M ($0.37/sh); EPS +42% sequentially; FY23 guidance $1.60-$1.80

NewtekOne, Inc.

2023-Q3 EPS reported $1.10

Net income $10.0M ($0.37 basic EPS) vs $6.9M ($0.26) in Q2 2023; +42.3% per share sequentially.
Net interest income $8.1M, +42.1% vs Q2; net interest margin 2.71% (up from 2.09% in Q2).
SBA 7(a) loan fundings $209.9M in Q3, +7.1% sequentially; full-year forecast $830M.
FY2023 EPS forecast $1.60-$1.80; FY2024 EPS forecast $1.80-$2.00.
Paid $0.18/share dividend on Oct 20; borrowings down 7% to $648.7M; total assets $1.4B.

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 0.9

NewtekOne, Inc. reported three months ended September 30, 2023 results: net income $10.0 million, EPS $0.37 per basic common share. Guidance initiated.

Period: three months ended September 30, 2023
Net income: $10.0 million
EPS: $0.37 per basic common share
Guidance: initiated
Result: reported results

Exact text from the filing

Net income was $10.0 million, or $0.37 per basic common share, for the three months ended September 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 0001587987-23-000221

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