earnings
confidence high
sentiment positive
materiality 0.75
NewtekOne Q3 EPS $0.45, beats midpoint of $0.43 forecast; deposits, loans, payments growth
NewtekOne, Inc.
2024-Q3 EPS reported
$1.26
- Net income $11.9M, EPS $0.45 per basic/diluted share, up 4.7% from $0.43 in Q3 2023.
- Net interest income $11.0M (+35.8% YoY); Net interest margin 3.08% (+18.5% YoY).
- Total deposits $745.7M (+43.7% from Dec 2023); loans held for investment $913.0M (+13.3%).
- Payments segment pretax income $5.3M (+32.5% YoY); SBA 7(a) closings $245.3M (+12.5% YoY).
- Maintains 2024 EPS forecast $1.85-$2.05; issues 2025 EPS forecast $2.00-$2.25.