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NewtekOne Inc - NEWT STOCK NEWS

Welcome to our dedicated news page for NewtekOne (Ticker: NEWT), a resource for investors and traders seeking the latest updates and insights on NewtekOne.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NewtekOne's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NewtekOne's position in the market.

News
NewtekOne, Inc. CEO, Barry Sloane, to Attend the B. Riley Securities 24th Institutional Investor Conference May 22-23, 2024
Rhea-AI Summary
NewtekOne, Inc. CEO, Barry Sloane, along with CFO, M. Scott Price, will attend the B. Riley Securities 24th Institutional Investor Conference on May 22-23, 2024. Investors can schedule meetings with them at the event. Contact details provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
conferences
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News
NewtekOne, Inc. to Report First Quarter 2024 Financial Results on Monday, May 6, 2024 After the Market Closes
Rhea-AI Summary
NewtekOne, Inc. (NEWT) will report its first quarter 2024 financial results on May 6, 2024. The conference call to discuss the results will be held on May 7, 2024. Participants can register online to attend the call and access the presentation on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.85%
Tags
conferences earnings
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News
CORRECTING and REPLACING NewtekOne, Inc. News Release
Rhea-AI Summary
NewtekOne, Inc. reported its financial results for the fourth quarter and full year 2023, showing Basic Earnings per Share of $1.89 and Diluted Earnings per Share of $1.88. The company highlighted its successful transition to a financial holding company owning Newtek Bank, N.A., with strong financial metrics and a unique business model. NewtekOne's focus on technology-driven solutions and non-interest-bearing revenue streams sets it apart in the banking sector, leading to operational growth and client satisfaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.82%
Tags
none
News
NewtekOne, Inc. Promotes Frank M. DeMaria to Chief Accounting Officer
Rhea-AI Summary
NewtekOne, Inc. (NASDAQ: NEWT) has promoted Mr. Frank M. DeMaria to Executive Vice President, Chief Accounting Officer, bringing significant financial holding company experience. Former Chief Accounting Officer, Nick Leger, transitions to Senior Vice President and Treasurer. The company adds new members to the accounting and finance team, impacting the 2024 earnings forecast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.82%
Tags
none
-
News
NewtekOne, Inc. Announces Loan Closings for the First Quarter 2024
Rhea-AI Summary
NewtekOne, Inc. (NASDAQ: NEWT) achieved record loan approvals in the first quarter of 2024, with $207.7 million of SBA 7(a) loans closed, marking a 36.2% increase from the previous year. The company's total loans closed across all products reached $308.6 million, a 35.8% increase year-over-year. Additionally, Newtek Bank saw a $30 million increase in deposits in the first quarter of 2024, driven by digital account openings for lending clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.82%
Tags
earnings
-
News
NewtekOne, Inc. Hires Taylor Quinn as Chief Risk Officer
Rhea-AI Summary
NewtekOne, Inc. (NASDAQ: NEWT) has appointed Taylor Quinn as Senior Vice President, Chief Risk Officer for NewtekOne and Newtek Bank, N.A. Taylor Quinn, an experienced financial services executive, will be responsible for risk management and oversight. This strategic addition aims to enhance the company's risk management framework and support its growth as a financial holding company and nationally chartered bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.82%
Tags
management
News
NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share
Rhea-AI Summary
NewtekOne, Inc. (NASDAQ: NEWT) increases quarterly cash dividend to $0.19 per share, representing a 5.5% rise from the previous quarter. Dividend payable on April 15, 2024, to shareholders of record as of April 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
dividends
-
News
NewtekOne, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
NewtekOne, Inc. (NEWT) reported Full Year 2023 Basic Earnings per Share of $1.71 and Diluted Earnings per Share of $1.70. The company achieved an ROAA of 5.8% and ROTCE of 35.8% for Newtek Bank, and ROAA of 3.2% and ROTCE of 22.7% for NewtekOne. They forecast an annual EPS range of $1.80 to $2.00 for 2024, representing an 11% increase from 2023. Newtek Bank saw significant growth in deposits and loan fundings, with a focus on SBA 7(a) and 504 loans. The company aims to provide unique business and financial solutions to independent business owners in the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.58%
Tags
earnings
-
News
NewtekOne, Inc. Begins 2024 with Strong January Loan Pipeline Growth
Rhea-AI Summary
NewtekOne, Inc. (NEWT) reported strong growth in its total loan pipeline, reaching $1.4 billion year-to-date through January 31, 2024, a 24.0% increase over the same period in 2023. The alternative loan finance program saw a 38.2% increase, reaching $183.2 million, while SBA 7(a) loans increased by 17.8% to $771.6 million. The company's Chairman, President, and CEO, Barry Sloane, expressed optimism about the lending business's performance and forecasted a record-breaking $1.4 billion in total loan closings for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
Tags
none
News
NewtekOne, Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on Tuesday, March 5, 2024 After the Market Closes
Rhea-AI Summary
NewtekOne, Inc. (NASDAQ: NEWT) will report its Q4 and full year 2023 financial results on March 5, 2024. A conference call to discuss the results will be held on March 6, 2024. Participants can register online to attend the call or webcast and access the presentation on the company's website. A replay will also be available for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
Tags
conferences earnings
Stock NEWT logo
NewtekOne Inc

Nasdaq:NEWT

NEWT Rankings

#3514 Ranked by Market Cap
#2587 Ranked by Stock Gains
#401 Ranked by Dividends

NEWT Stock Data

280.69M
23.21M
6.76%
38.26%
7.57%
Securities and Commodity Exchanges
Finance and Insurance
Link
US
Boca Raton

About NEWT

newtek business services corp. has been in business since 1998, servicing over 100,000 business accounts in all 50 states. newtek aims to provide real-time, state-of-the-art content and business services in order to become the definitive destination for business owners across the united states. we are: a credible business partner with over $100 million of stockholders equity, over $160 million in revenues and over 100,000 business accounts we have operated as a publicly traded company for over eleven years, currently under sarbanes-oxley regulation all of our corporate data, as well as your company data, is stored in our military-strength facility in arizona, which is both sas-70 type ii and pci compliant we have fully transparent financial statements which can be found online in our investor relations section, http://investor.newtekbusinessservices.com. or at sec.gov we are the chosen counterparty for small growing entrepreneurial independent business owners across the united states.