NewtekOne Q4 net income $13.4M, FY2023 EPS $1.71; forecasts 2024 EPS $1.80-$2.00

NewtekOne, Inc.

Full year 2023 basic EPS $1.71, diluted $1.70, within guidance range $1.60-$1.80.
Q4 net income $13.4M, $0.53 per share, up 20.5% sequentially from $0.43.
2024 EPS guidance $1.80-$2.00 per share, representing ~11% increase at midpoint.
SBA 7(a) loan fundings $815M in 2023; forecast $925M for 2024, up 13.5%.
Net interest margin expanded to 2.83% in Q4 from 2.71% in Q3; deposits grew 227% YoY.

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 twelve months ended December 31, 2023 results: EPS Full Year 2023 Basic Earnings per Share of $1.71 and Diluted Earnings per Share of $1.70. Guidance reaffirmed.

Period: the three and twelve months ended December 31, 2023
EPS: Full Year 2023 Basic Earnings per Share of $1.71 and Diluted Earnings per Share of $1.70
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On March 5, 2024, the Company issued a press release announcing "NewtekOne, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results; Full Year 2023 Basic Earnings per Share of $1.71 and Diluted Earnings per Share of $1.70."

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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 0001587987-24-000040

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