NewtekOne, Inc. Stock Price, News & Analysis

Newtek Business Services Corp (NASDAQ: NEWT) announced the redemption of $40 million of its 5.75% Notes due 2024 on December 29, 2021. This redemption will be at 100% of the principal amount, plus accrued interest. The company aims to replace higher-cost debt with lower-cost capital, enhancing liquidity and supporting future growth. This move is part of Newtek's strategy to grow earnings per share, reduce risk, and increase cash flow. The company emphasizes its ability to execute its financial plans effectively.

Newtek Business Services Corp (NASDAQ: NEWT) has successfully closed its eleventh small business loan securitization, generating $103.43 million from Unguaranteed SBA 7(a) Loan-Backed Notes. The Class A and B Notes were rated ‘A’ and ‘BBB-’ respectively, with an average initial yield of 2.02%. Newtek remains the largest non-bank SBA lender and will pay a $1.05 dividend on December 30, 2021, reflecting a 53.7% increase over last year. The company expects its 2021 SBA 7(a) loan funding forecast to be between $560 million and $600 million, a notable increase from 2019.

Newtek Business Services Corp. (NASDAQ: NEWT) reported mixed financial results for Q3 2021. Total investment income decreased by 16.7% to $12.4 million, while net investment loss reached $(6.7) million, or $(0.30) per share. Conversely, adjusted net investment income (ANII) surged 1300% to $12.6 million or $0.56 per share. The company’s total investment portfolio grew by 11.7% to $712.5 million. Moreover, Newtek announced a cash dividend of $1.05 per share for Q4 2021, reflecting a 123.4% increase year-over-year. The company reaffirmed its full-year guidance for net investment income per share at $0.80.

Newtek Business Services Corp. (Nasdaq: NEWT) announced that it will release its third quarter 2021 financial results on November 8, 2021, after market close. A conference call to discuss these results will occur on November 9, 2021, at 8:30 am ET, featuring CEO Barry Sloane and Chief Accounting Officer Nicholas Leger. Interested parties can join the call by dialing (877) 303-6993 or (760) 666-3611. The conference will also be available via a live webcast on Newtek’s Investor Relations website and subsequently as a replay for 90 days.

Newtek Business Services Corp (NASDAQ: NEWT) announced a $1.05 cash dividend for Q4 2021, payable on December 30, 2021. This represents a 123.4% increase from the prior year's dividend of $0.47. In total, Newtek expects to distribute $3.15 per share in dividends for 2021, marking a 53.7% increase from 2020. The company aims to maintain a policy of quarterly distributions approximating 90-100% of annual taxable income, subject to board discretion.

Newtek Business Services Corp (NASDAQ: NEWT) has expanded its Board of Directors by electing two new members, Fernando Perez-Hickman and Halli Razon-Feingold, bringing the total to seven directors. The board now includes four independent directors and three interested directors. Perez-Hickman brings extensive experience in management and corporate strategy, while Razon-Feingold has over ten years with the company, currently serving as Chief Administrative Officer. This move is expected to enhance the company's governance and support its growth strategy.

Newtek Business Services Corp (Nasdaq: NEWT) forecasted a Q1 2022 dividend of $0.65 per share and reaffirmed the annual 2021 dividend forecast at $3.15 per share, indicating a robust recovery and growth trajectory. The projected net investment income (NII) for 2021 is $0.80 per share, with an adjusted net investment income (ANII) forecast of $3.40 per share, showcasing significant increases from previous years. CEO Barry Sloane expressed confidence in the company’s strategic growth and returning to core business solutions in the post-pandemic landscape.

Newtek Business Services Corp (NASDAQ: NEWT) announced a third quarter 2021 cash dividend of $0.90 per share, payable on September 30, 2021 to shareholders of record as of September 20, 2021. This represents a 55.2% increase compared to the $0.58 dividend paid in the third quarter of 2020. For the first three quarters of 2021, total dividends paid amount to $2.10 per share, a 32.9% rise from the same period in 2020. The company aims for future dividends to approximate 90-100% of its annual taxable income.

Newtek Business Services Corp. (NEWT) declared a $0.90 dividend for Q3 2021, representing a 55.2% increase from Q3 2020. In the first three quarters of 2021, total dividends reached $2.10, a 32.9% rise from the previous year. For Q2 2021, total investment income was $36.6 million, down 21.6% year-over-year. Net investment income decreased to $15.5 million from $29.7 million in Q2 2020. The company’s total investment portfolio grew by 7.4% to $696.1 million by June 30, 2021, while NAV increased to $369.0 million, or $16.38 per share.