NewtekOne (NASDAQ:NEWT) Azioni

NEWTEKONE INC

NewtekOne

NewtekOne Inc is a financial holding company engaged in providing financial solutions to its Client Base. It is an internally managed non-diversified closed-end management investment company. It has four reportable segments Banking, Alternative Lending, Technology, NSBF, and Payments.

NewtekOne Inc

NewtekOne, Inc. - 8.50% Fixed Rate Senior Notes due 2029

NewtekOne, Inc. - 8.625% Fixed Rate Senior Notes due 2029

NewtekOne, Inc. - 8.00% Fixed Rate Senior Notes due 2028

Newtek Business Services Corp 7.000% Nt 03/31/2021

NewtekOne, Inc. - 5.50% Notes Due 2026

Keefe, Bruyette &amp; Woods analyst Timothy Switzer maintains NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) with a Market Perform and lowers the price target from $13 to $12.

News

Price Target

Analyst Ratings

NEWT

Keefe, Bruyette & Woods Maintains Market Perform on NewtekOne, Lowers Price Target to $12

Keefe, Bruyette &amp; Woods analyst Timothy Switzer maintains NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) with a Market Perform and lowers the price target from $15 to $13.

Keefe, Bruyette & Woods Maintains Market Perform on NewtekOne, Lowers Price Target to $13

NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) affirms FY2025 GAAP EPS guidance from $2.10-$2.50 to $2.10-$2.50 vs $2.21 analyst estimate..

Guidance

NewtekOne Affirms FY2025 GAAP EPS Guidance of $2.10-$2.50 vs $2.21 Est

NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) reported quarterly earnings of $0.35 per share which met the analyst consensus estimate. This is a 7.89 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $66.33 million which beat the analyst consensus estimate of $63.22 million by 4.93 percent. This is a 13.83 percent increase over sales of $58.27 million the same period last year.

Earnings

Earnings Beats

NewtekOne Q1 EPS $0.35, Inline, Total Income $66.33M Beat $63.22M Estimate

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Earnings Scheduled For May 6, 2025

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Shares of financial companies are trading higher amid overall market strength after President Trump said he will not be firing Fed Chair Powell. Additionally, Trump indicated the final tariff rate would be lower than the current one, which may lead to greater business and lending activity for financial institutions.

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Shares of financial companies are trading higher amid Treasury Secretary Scott Bessent's remarks about trade de-escalation with China, which may help restore investor confidence towards the sector.

NewtekOne Terminates Three Office Space Leases, Reducing Annual Expenses By ~$2M

<a href="https://www.globenewswire.com/Tracker?data=anjZZ5NFe4HHTtrbpd07U7msN3R5-feH9COEjLdHIiVAYwP8Ltg3EP6R2EXUMuv8flf-XtV8xXUO4dDUiDGfpaO9kRDiXi_bQ4PSy7M6BXs=">NewtekOne, Inc.</a> (the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) is pleased to provide the following preliminary loan and deposit metrics for its first quarter ending March 31, 2025:
<ul>
<li>SBA 7(a) loans. In 1Q25, the Company originated 580 SBA 7(a) loans totaling $213 million, which compares to 1Q24 SBA 7(a) originations of 489 totaling $212 million. SBA 7(a) loans held for investment ("HFI") within Newtek Bank, N.A. ("Newtek Bank") stood at roughly $407 million as of March 31, up 7% from December 31, 2024 and 90% from March 31, 2024. NewtekOne continues to project SBA 7(a) originations for 2025 at $1 billion.</li>
<li>Commercial Real Estate ("CRE") and Commercial &amp; Industrial ("C&amp;I") loans. Newtek Bank originated $41 million and $23 million of CRE and C&amp;I loans HFI in 1Q25. Newtek Bank's CRE and C&amp;I loans HFI portfolio totaled $231 million and $51 million, respectively, at March 31. Q/Q growth in the CRE portfolio was particularly strong at 20% while sequential net growth in the C&amp;I portfolio of 7% included $20 million of C&amp;I loans sold during Q1. Expected 2025 growth of $225 million in CRE and C&amp;I balances implies a year-end combined CRE/C&amp;I portfolio at Newtek Bank of roughly $464 million, or 94% Y/Y growth. We believe that growth of the CRE and C&amp;I portfolio adds diversification to Newtek Bank's total loan portfolio and reduces risks with different borrower profiles and with loans underwritten in higher interest and cap rate environments.</li>
<li>SBA 504 loans. In 1Q25, the Company's non-bank subsidiary and Newtek Bank originated $17 million of SBA 504 loans and executed $13 million of SBA 504 loan sales. The Company continues to anticipate $250 million of SBA 504 loan originations in 2025.</li>
<li>Alternative Loan Program ("ALP") loans. The Company originated $68.5 million of ALP loans in 1Q25 and continues to estimate $500 million of ALP originations in 2025. ALP loans are held on the Company's balance sheet and in its two joint ventures.</li>
<li>Deposits. Newtek Bank ended 1Q25 with approximately $1.06 billion1 of deposits, a sequential increase of 2% over 4Q24 and year-over-year increase of 88%. On a Q/Q basis, business deposits increased 8.9%, core consumer deposit balances grew 2.5%, and wholesale deposits declined 32%. The Company continues to project Newtek Bank's deposits to grow by $245 million in 2025. &nbsp;</li>
</ul>
Barry Sloane, CEO, President and Chairman, said, "As loan and deposit volumes are tracking at or above projections, we remain comfortable with 2025 EPS guidance of $2.10-$2.50 per share. We continue to find comfort in the above-average profitability our operating model generates, which we believe is particularly pertinent in times of elevated volatility similar to what the broader market is experiencing now. We look forward to sharing 1Q25 results with the investment community on May 6."

NewtekOne Reaffirms 2025 EPS Guidance Of $2.10-$2.50 Per Share

Compass Point analyst Casey Alexander maintains NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) with a Neutral and raises the price target from $13 to $14.

Compass Point Maintains Neutral on NewtekOne, Raises Price Target to $14

NewtekOne shares are trading higher after the company reported better-than-expected Q4 financial results.

NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.66 by 4.55 percent. This is a 30.19 percent increase over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $75.37 million which beat the analyst consensus estimate of $68.87 million by 9.43 percent. This is a 31.00 percent increase over sales of $57.53 million the same period last year.

NewtekOne Q4 EPS $0.69 Beats $0.66 Estimate, Sales $75.37M Beat $68.87M Estimate

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Core Scientific, Inc. - Class A Common Stock

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Earnings Scheduled For February 26, 2025

<a href="https://www.globenewswire.com/Tracker?data=8tNn1j9ObEWCbvh1uohycDdA52TyXFT1IPEA7_BFpJ1WkVbUN-p8B2ufGVHO-NjSrQ5F95wu7n7tk8KlsRqHJQ==">NewtekOne, Inc.</a> ("the Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) announced today the following deposit metrics of <a href="https://www.globenewswire.com/Tracker?data=8tNn1j9ObEWCbvh1uohycK8Ogyk9uQIMs2x4-AGEVhZwYdHFPV_2t3D3xXp0E96utuNsiS_oEBEwP_XLpjL3lv3cEqLjLfL0sVUitJnhw3RoaN5MVQAinJnyrAIOcscHYKuIUaQ6vjv_wDhGsu43G4DgaqYS9l9bNJDXkRpREP29kEYdazmxWuEjGnv1sfRRO2_E7RgcsD3xuGmBgSA3CR-WAHpYcv1BkasNs65MhFZRv11o7MeCSS_w5M5dk2du7ZbNpmBfGc8arIxr4VVN8NT6LEg9yzF7bqFtldk024ljLvJmbdeBSQB3K-UZYyWFKv8oaLojfCw3ZuoZ3rxiHN1jrunP6chkDhFfB_qUtilMKmOE7HXf4PKqdLLsLIZZ">Newtek Bank, N.A.</a> ("Newtek Bank" or the "Bank"), its technology-enabled banking subsidiary, at December 31, 2024:
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<li>$1.03 billion in total deposits at December 31, 2024, which represents a 97.0% increase in total deposits over the year ended December 31, 2023, and growth of $884 million in total deposits since its acquisition in January 2023.</li>
<li>Insured deposits represent approximately 78% of total deposits at December 31, 2024.</li>
<li>Core business deposits were $216 million at December 31, 2024, an increase of $106 million, or 96%, over the same period in 2023.</li>
<li>In the fourth quarter of 2024, Newtek Bank added 950 new business checking accounts.</li>
<li>At December 31, 2024, Newtek Bank had a deposit base of approximately 15,000 bank accounts, compared to the approximately 1,400 accounts that existed at the time of the Bank's acquisition in January 2023.</li>
<li>Over the past two years, the Bank's incremental depository accounts were acquired via Newtek Bank's digital account opening process and serviced by U.S.-based representatives, who are available on camera 24/7/365.</li>
</ul>

Newtek Bank, N.A. Reaches $1.03B In Total Deposits At December 31, 2024, Which Represents A 97% Increase In Total Deposits YoY

B. Riley Securities analyst Bryce Rowe maintains NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) with a Neutral and raises the price target from $13 to $14.

B. Riley Securities Maintains Neutral on NewtekOne, Raises Price Target to $14

NewtekOne shares are trading higher after Piper Sandler raised its price target on the stock from $13 to $15.

Piper Sandler analyst Crispin Love maintains NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) with a Neutral and raises the price target from $13 to $15.

Piper Sandler Maintains Neutral on NewtekOne, Raises Price Target to $15

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) with a Market Perform and raises the price target from $13 to $15.

Reiteration

Keefe, Bruyette & Woods Reiterates Market Perform on NewtekOne, Raises Price Target to $15

NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) is looking for FY2025 GAAP EPS of $2.00-2.25 vs $2.12 analyst estimate..

NewtekOne Sees FY2025 GAAP EPS $2.00-2.25 vs $2.12 Est

NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) affirms FY2024 GAAP EPS guidance from $1.85-2.05 to $1.85-2.05 vs $1.89 analyst estimate..

NewtekOne Affirms FY2024 GAAP EPS Guidance  to $1.85-2.05 vs $1.89 Est

Dividends

Press Releases

NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share

NewtekOne, Inc. to Report First Quarter 2025 Results on Tuesday, May 6, 2025 and Host a Conference Call on Wednesday, May 7, 2025

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NewtekOne

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