earnings
confidence high
sentiment positive
materiality 0.70
NewtekOne reports audited FY 2023 EPS $1.89 diluted; Q4 EPS $0.43
NewtekOne, Inc.
2024-Q1 EPS reported
$0.38
- Full year 2023 net income $47.3M, diluted EPS $1.88; Q4 net income $10.8M, EPS $0.43.
- SBA 7(a) loan fundings Q4: $260.7M (+24.2% QoQ); FY $815M; forecasts $925M for 2024.
- Newtek Bank: Q4 NIM 4.43% (up from 3.49% QoQ); ROTCE 66.3%; deposits $463.5M (+227% YoY).
- Company forecasts FY 2024 EPS $1.80-$2.00; to update with Q1 2024 release.
- Capital ratios: CET1 16.2%, total capital 19.1%, leverage 13.6% at year-end.