NewtekOne, Inc. Stock Price, News & Analysis

Newtek Business Services Corp. (NASDAQ: NEWT) announced that its subsidiary, Newtek Small Business Finance (NSBF), remains the largest non-bank lender licensed by the SBA under the Section 7(a) loan program, based on loan approval volume as of March 31, 2022. NSBF also ranks as the second largest SBA 7(a) lender overall, including banks. CEO Barry Sloane expressed confidence in the company’s continued focus on the SBA 7(a) lending program and anticipates growth. Financial results for Q1 2022 are expected to be reported in the first week of May.

Newtek Business Services Corp. (NASDAQ: NEWT) will host a technology symposium on March 24, 2022, in New York City, focusing on cybersecurity and data protection. The event features a panel of experts, including representatives from Newtek Technology Solutions and Dell Technologies. The discussions will cover strategies to minimize cyber risks and ensure data safety. Newtek, an internally managed business development company, offers a range of financial solutions to small- and medium-sized businesses across the U.S.

Newtek Business Services Corp. (NASDAQ: NEWT) announces a 15.4% increase in its second-quarter 2022 cash dividend forecast, raising it from $0.65 to $0.75 per share. The first-quarter dividend of $0.65 is payable on March 31, 2022, to shareholders of record on March 21, 2022. CEO Barry Sloane expressed confidence in the company’s performance amid global volatility, citing strong engagement and support from their client base across various financial solutions, which has resulted in higher financial returns.

Newtek Business Services Corp (NASDAQ: NEWT) announced a conference call on March 2, 2022, at 8:30 am ET. CEO Barry Sloane will discuss the pending acquisition of the National Bank of New York City, providing revised illustrations on the matter. The call will be accessible via telephone and a live webcast will be available on the company’s website. Newtek aims to deliver cost-efficient solutions to the SMB market and has been operational since 1999, focusing on business lending, technology solutions, and various financial services.

Newtek Business Services Corp. (NASDAQ: NEWT) reported its financial results for the year ending December 31, 2021, highlighting total investment income of $108.5 million, up 17.7% year-over-year. Net investment income decreased to $25.7 million, or $1.13 per share, a 25.8% drop from the previous year. However, adjusted net investment income surged 69.3% to $79.1 million, or $3.47 per share. The company achieved record SBA 7(a) loans of $560.6 million for the full year, forecasting $750 million for 2022. Newtek also declared a cash dividend of $0.652 per share for Q1 2022, representing a 30% increase.

Newtek Business Services Corp. (NASDAQ: NEWT) announced a forecasted cash dividend of $0.65 per share for the second quarter of 2022, matching the previously declared first quarter dividend. This brings the total to $1.30 per share for the first six months of the year. CEO Barry Sloane expressed satisfaction with the momentum from core businesses, leading to this dividend forecast. The dividend is subject to Board approval, aiming to distribute approximately 90-100% of annual taxable income to shareholders.

Newtek Business Services Corp (Nasdaq: NEWT) will release its full year 2021 financial results on February 23, 2022, after market closure. A conference call, led by CEO Barry Sloane and Chief Accounting Officer Nicholas Leger, is scheduled for February 24, 2022, at 8:30 am ET. Investors can access the call via phone or a live webcast on the company’s Investor Relations website. Newtek, offering extensive business solutions to small and medium-sized businesses since 1999, emphasizes growth, cost-efficiency, and risk reduction in its service portfolio.

Newtek Business Services Corp. (NASDAQ: NEWT) announced the successful closing of its $56.3 million commercial loan securitization via Newtek Conventional Lending LLC. The transaction, rated 'A' (sf) by DBRS Morningstar, is secured by a pool of conventional business loans, with a 65.0% advance rate and a yield of 3.209%. CEO Barry Sloane highlighted this as a significant milestone, expanding their lending capabilities beyond traditional SBA programs to accommodate diverse borrower needs. The company also plans to acquire National Bank of New York City, enhancing its service offerings.

Newtek Business Services Corp (NASDAQ: NEWT) declared a Q1 2022 cash dividend of $0.65 per share, a 30% increase from Q1 2021 and 47.7% from Q1 2020. CEO Barry Sloane noted the absence of Paycheck Protection Program (PPP) income in 2022 but highlighted strong operational performance and a forecast for record loan origination volumes. For 2021, Newtek anticipates closing loans exceeding $1.4 billion, with expected funding in Q4 2021 of over $200 million in SBA 7(a) loans. The Board aims for quarterly distributions approximating 90-100% of annual taxable income.