secwatch.observer — SEC 8-K summary
======================================

Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001587987-24-000229
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewtekOne Q3 EPS $0.45, beats midpoint of $0.43 forecast; deposits, loans, payments growth
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000229/0001587987-24-000229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798724000229/newt-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001587987-24-000229

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