earnings
confidence high
sentiment positive
materiality 0.75
NewtekOne FY2024 EPS $1.96, raises FY2025 EPS forecast to $2.10-$2.50
NewtekOne, Inc.
2024-FY EPS reported
$1.96
- FY2024 net income $50.9M, basic EPS $1.97, diluted $1.96; Q4 net income $18.3M, EPS $0.69 diluted.
- Raises FY2025 EPS forecast to $2.10-$2.50 per share from prior $2.00-$2.25.
- Net interest income $40.3M in FY2024, up 51.5% YoY; total assets $2.1B, up 50%.
- Newtek Bank deposits $1.04B at year-end, up 100% YoY; SBA 7(a) closings $954.3M, beat forecast.
- Q4 ROTCE 31.8%, ROAA 4.1%; efficiency ratio improved to 55.9%.