---
schema_version: "secwatch.filing_event.v1"
accession: "0001587987-24-000079"
form_type: "8-K"
ticker: "NEWT"
cik: "0001587987"
company_name: "NewtekOne, Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:04:48.257513+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NewtekOne Q1 EPS $0.38 beats forecast; raises FY2024 EPS guidance to $1.85-$2.05

## Summary
- Q1 2024 net income $9.7M ($0.38 EPS); adjusted core EPS beats $0.17 in Q1 2023 (which excluded a $14.2M tax benefit).
- Company raises full-year 2024 EPS forecast to $1.85–$2.05 from $1.80–$2.00.
- Net interest income $8.9M, up 93.5% YoY; net interest margin expanded to 2.92% from 2.00%.
- Total deposits at Newtek Bank reached $565.3M, up 8.9% sequentially and 299% YoY; quarterly dividend raised 5.5% to $0.19.
- Loans held for investment $840.6M, up 4.3% QoQ; total assets $1.5B, up 7.1% from Dec 31, 2023.

## SEC filing metadata
- accession: 0001587987-24-000079
- form_type: 8-K
- ticker: NEWT
- cik: 0001587987
- company_name: NewtekOne, Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1587987/000158798724000079/0001587987-24-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1587987/000158798724000079/newt-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001587987-24-000079
- JSON: https://secwatch.observer/filing/0001587987-24-000079.json
- Plain text: https://secwatch.observer/filing/0001587987-24-000079.txt

## Key facts
- Earnings Releases
  NewtekOne, Inc. reported the three months ended March 31, 2024 results: net income Net income was $9.7 million, EPS $0.38 per basic and diluted common share. Guidance raised.
  - Period: the three months ended March 31, 2024
  - Net income: Net income was $9.7 million
  - EPS: $0.38 per basic and diluted common share
  - Guidance: raised
  - Result: reported results
  source text: Net income was $9.7 million, or $0.38 per basic and diluted common share for the three months ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1587987/000158798724000079/0001587987-24-000079-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.