secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001587987-24-000059
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewtekOne Q1 loan closings up 36% to $308.6M; record approvals; reaffirms EPS guidance
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- SBA 7(a) loan closings $207.7M in Q1 2024, up 36.2% YoY from $152.5M.
- Total loan closings across all products $308.6M, up 35.8% YoY from $227.2M.
- Loan approvals reached a quarterly record of $507.7M in Q1 2024.
- Deposits increased ~$30M from March 15-31, 2024, driven by digital account openings.
- Maintains 2024 EPS guidance $1.80-$2.00 per share, calls it conservative; update due with Q1 earnings in May.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000059/0001587987-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000059/newt-20240401.htm
  HTML page:      https://secwatch.observer/filing/0001587987-24-000059

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