secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001587987-23-000221
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798723000221/0001587987-23-000221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798723000221/newt-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001587987-23-000221

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