secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001587987-24-000079
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000079/0001587987-24-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000079/newt-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001587987-24-000079

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