NewtekOne corrects Q3 EPS to $0.38; net income $10M, guides FY2023 EPS $1.60-$1.80

NewtekOne, Inc.

2023-Q3 EPS reported $1.10

Corrected Q3 basic EPS to $0.38 from previously reported $0.37; net income $10.0M.
Sequential net income per share up 46.2% from $0.26 in Q2 2023; net interest income up 42.1% to $8.1M.
Full-year 2023 EPS forecast $1.60–$1.80; FY2024 guidance $1.80–$2.00.
Quarterly dividend of $0.18 per share paid Oct 20; total SBA 7(a) loan fundings $209.9M in Q3.
Bank deposits $432.6M at Sep 30, up 217% from Dec 2022; total risk-based capital ratio 17.7%.

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 the three and nine months ended September 30, 2023 results: net income Net income was $10.0 million, or $0.38 per basic common share, for the three months ended September 30, 2023, EPS $0.38 per basic common share. Guidance reaffirmed.

Period: the three and nine months ended September 30, 2023
Net income: Net income was $10.0 million, or $0.38 per basic common share, for the three months ended September 30, 2023
EPS: $0.38 per basic common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 7, 2023, NewtekOne issued a press release entitled "NewtekOne, Inc. Reports Third Quarter 2023 Financial Results"

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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 0001587987-23-000228

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