NewtekOne (NASDAQ:NEWT) Azioni

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

News

NEWT

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."

Guidance

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.

Price Target

Analyst Ratings

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

WIIM

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.

Earnings

Earnings Beats

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

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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:
<ul>
<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

NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.43 by 4.65 percent. The company reported quarterly sales of $62.832 million which beat the analyst consensus estimate of $61.398 million by 2.34 percent. This is a 23.26 percent increase over sales of $50.974 million the same period last year.

NewtekOne Q3 2024 GAAP EPS $0.45 Beats $0.43 Estimate, Sales $62.832M Beat $61.398M Estimate

Buybacks

NewtekOne BoardApproved New Stock Repurchase Program Granting The Company Authority To Repurchase Up To 1M Shares Of Company Common Stock During The Next Twelve Months

<a href="https://www.globenewswire.com/Tracker?data=eOhSg06dRVZqZ5MKdZ4Q9zUKkNvQraZ_5u2OGxZZLRzozZLbBcYTp5j2piOQtGR5ZZyy4Bi7_cm8Ktc7LFaVTg==">NewtekOne, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) announced today that it expects to report deposits at Newtek Bank, N.A. of $742 million as of September 30, 2024; an expected sequential increase of 11.7% over $664 million at June 30, 2024, and an increase of 43% over $519 million at December 31, 2023. Insured deposits are expected to represent approximately 75% of total deposits at September 30, 2024. In the all-important category of business core deposits, we expect to finish the third quarter 2024 at $119 million; an increase of $37 million, or 45%. Deposits received from our lending clients are expected to finish the third quarter 2024 at $78 million, an increase of $30 million sequentially from the prior quarter.

NewtekOne Expects To Report Deposits At Newtek Bank, N.A. Of $742M As Of September 30, 2024; An Expected Sequential Increase Of 11.7% Over $664M At June 30, 2024, And An Increase Of 43% Over $519M At December 31, 2023

Although U.S. stocks closed lower on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Singular Genomics Systems</h3>
<ul>
<li>The Trade: Singular Genomics Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMIC#NASDAQ">OMIC</a>) 10% owner TANG CAPITAL PARTNERS LP <a href="https://www.benzinga.com/quote/ONEW/analyst-ratings">acquired a total of 122,416 shares at</a> an average price of $14.75. To acquire these shares, it cost around $1.81 million.</li>
<li>What's Happening: On Sept. 12, Singular Genomics announced it received a non-binding acquisition proposal from Deerfield.</li>
<li>What Singular Genomics Systems Does: Singular Genomics Systems Inc is a life science technology company that is leveraging novel next generation sequencing and multiomics technologies to build products that empower researchers and clinicians.</li>
</ul>
<h3 class="wp-block-heading">NewtekOne</h3>
<ul>
<li>The Trade: NewtekOne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) Director Gregory L Zink acquired a total of 1,000 shares at an average price of $11.38. To acquire these shares, it cost around $11,380.</li>
<li>What's Happening: On Sept. 16, NewtekOne declared a quarterly dividend of 19 cents per share.</li>
<li>What NewtekOne Does: NewtekOne Inc is a financial holding company engaged in providing financial solutions, It has developed a financial and technology-based business model that enables itself to acquire and process its clients in a very cost-effective manner.</li>
</ul>
<h3 class="wp-block-heading">SR Bancorp</h3>
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<li>The Trade: SR Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRBK#NASDAQ">SRBK</a>) Director Thomas Lupo <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 5,000 shares</a> at an average price of $10.58. To acquire these shares, it cost around $52,885. The company's Executive Chair also bought 1,000 shares.</li>
<li>What's Happening: On July 30, SR Bancorp posted a second-quarter loss of 34 cents per share.</li>
<li>What SR Bancorp Does: SR Bancorp Inc principal business is to acquire deposits from individuals and businesses in the communities surrounding offices and to use these deposits to fund loans. </li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40925678/fedex-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-an">FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
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Long Ideas

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Trading Ideas

OMIC

SRBK

$1.8M Bet On Singular Genomics? Check Out These 3 Stocks Executives Are Buying

<a href="https://www.globenewswire.com/Tracker?data=BD3ytx6oCClQaDRHrn6gseplnH1TodtmxaUPU-PSn5EgliujLTYoa9y8DNMCMTkNTBqZm0tDZTcdDd12cjWaZg==">NewtekOne, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) announced today that it is reconfirming its 2024 annual earnings per share ("EPS") forecast in a range of $1.85 to $2.05 per basic and diluted common share. &nbsp;
Barry Sloane, Chairman, President and Chief Executive Officer said, "Despite a challenging, volatile equity market for financially related businesses, we continue to be proud of our management team for executing on our goals and metrics, satisfying the needs of our business clients and fostering the continued growth of our business model. As a company that provides best-in-class financial and business solutions to make its clients more successful, we are continuing to witness a tremendous appetite from the small- and medium-sized business (SMB) community to engage with us about how we can help SMBs grow their revenues, reduce their expenses, reduce their risk, and improve their operational efficiencies. As such, we remain comfortable with our previously issued 2024 annual EPS guidance in a range of $1.85 to $2.05 per basic and diluted common share. Additionally, we anticipate providing our 2025 business projections during our third quarter 2024 earnings conference call in early November, which we believe will continue to illustrate the growth trajectory of our business model."

NewtekOne Reconfirms Its FY24 Annual EPS Forecast In A Range Of $1.85-$2.05 Vs $1.90 Est.

B. Riley Securities analyst Bryce Rowe downgrades NewtekOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWT#NASDAQ">NEWT</a>) from Buy to Neutral and lowers the price target from $16 to $13.

Downgrades

B. Riley Securities Downgrades NewtekOne to Neutral, Lowers Price Target to $13

Paltalk, Inc. ("Paltalk," the "Company," "we," our," or "us") (NASDAQ:<a href="https://www.benzinga.com/stock/PALT#NASDAQ">PALT</a>), a communications software innovator that powers multimedia social applications, announced today that it has entered into a definitive agreement (the "Acquisition Agreement"), pursuant to which Paltalk will acquire (the "Acquisition") Newtek Technology Solutions, Inc. ("NTS"), a wholly owned subsidiary of NewtekOne, Inc. ("Newtek"). NTS provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services including consulting and implementing technology solutions for enterprise and commercial clients across the U.S.
Pursuant to the Acquisition Agreement, Paltalk has agreed to (i) pay Newtek an amount in cash equal to $4,000,000, subject to customary purchase price adjustments (the "Closing Cash Consideration"), and (ii) issue Newtek 4,000,000 shares of a newly created series of Paltalk's preferred stock, the Series A Non-Voting Common Equivalent Stock (the "Preferred Stock" and such shares issued at the closing of the Acquisition, the "Closing Stock Consideration" and together with the Closing Cash Consideration, the "Closing Consideration") (in each case, subject to adjustment as further described below). The Preferred Stock will automatically convert into one share of Paltalk common stock (subject to certain customary anti-dilution adjustments) upon the occurrence of certain qualifying dispositions by Newtek.

Asset Sales

PALT

Paltalk Enters Into An Agreement To Acquire Newtek Technology Solutions From NewtekOne For A Cash Consideration Of $4M And Issue Newtek 4M Shares Of A Newly Created Series Of Paltalk's Preferred Stock, The Series A Non-Voting Common Equivalent Stock

Press Releases

General

NewtekOne, Inc. Announces Newtek Advantage® Now Integrates with Intuit QuickBooks®

NewtekOne, Inc. Reports Full Year 2024 Earnings of $1.97 per Basic and $1.96 per Diluted Common Share

Management

NewtekOne, Inc. Hires Bryce Rowe as the Company's Vice President, Investor Relations

Newtek Bank, N.A. Hires Vik Mahajan as Chief Investment Officer

Newtek Merchant Solutions Hires John O'Connor as Chief Revenue Officer

NewtekOne, Inc. Closes Private Offering of Senior Unsecured Notes

Dividends

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

NewtekOne, Inc. Announces Balance Sheet Metrics for 1Q25 and Reiterates EPS Guidance for 2025

NewtekOne, Inc. Estimates $2.0 Million of Annual Expense Savings

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