secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001587987-24-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000040/0001587987-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000040/newt-20240305.htm
  HTML page:      https://secwatch.observer/filing/0001587987-24-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer