Welcome to our dedicated page for NewtekOne news (Ticker: NEWT), a resource for investors and traders seeking the latest updates and insights on NewtekOne stock.
NewtekOne, Inc. (NASDAQ: NEWT) delivers innovative financial solutions through its integrated banking, lending, and technology platforms. This news hub provides investors and business professionals with direct access to official announcements, strategic developments, and regulatory updates from the financial services innovator.
Track NewtekOne's latest earnings reports, partnership announcements, and technology initiatives through verified press releases. Our curated collection ensures timely access to material disclosures including SBA lending updates, payment processing innovations, and compliance-related communications.
Key updates across NewtekOne's core operations: banking service expansions, business loan program developments, payment technology enhancements, and strategic partnership announcements. Stay informed about regulatory filings and corporate governance updates that impact the company's market position.
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Newtek Business Services Corp has revised its 2020 dividend forecast to a range of $1.90 to $2.20 per share, down from $1.80 to $2.30. Additionally, the company forecasts a 2021 dividend of $2.00 to $2.50 per share. The forecast excludes potential impacts from the U.S. Small Business Administration's Paycheck Protection Program. CEO Barry Sloane expressed optimism about future dividends, citing performance during the pandemic, but acknowledged uncertainties due to market volatility and government stimulus discussions.
Newtek Business Services Corp. (Nasdaq: NEWT) reported Q3 2020 net investment income of $1.7 million ($0.08 per share), a strong recovery compared to a net loss of $(0.53) million in Q3 2019. Total investment income decreased 6.9% year-over-year to $14.9 million. The company’s net asset value fell to $324.4 million ($15.13 per share), down 3.6% from year-end 2019. Newtek paid a dividend of $0.58 per share for Q3 2020 and revised its annual dividend forecast for 2020 to $1.90-$2.20 per share. The company actively participated in the Paycheck Protection Program, funding $82.5 million in PPP loans in Q3 2020.
On October 22, 2020, Newtek Business Services Corp (NASDAQ: NEWT) announced a webinar hosted by CEO Barry Sloane and experts from their Payroll and Benefits Solutions portfolio. Scheduled for October 28, 2020, at 3:00 PM EDT, the session will focus on payroll and benefits in the post-pandemic world, addressing issues related to tax, health insurance, and remote work. Space is limited, and registration is available online. Newtek offers a variety of business solutions aimed at supporting small and medium-sized businesses across the United States.
Newtek Business Services Corp. (Nasdaq: NEWT) announced it will release its third quarter 2020 financial results on November 4, 2020, after the market closes. A conference call will follow on November 5, 2020, at 8:30 am ET, featuring CEO Barry Sloane and Chief Accounting Officer Christopher Towers. Investors can access the live call by dialing (877) 303-6993 or (760) 666-3611. A replay of the event will be available for 90 days on Newtek's website.
Newtek Business Services Corp. (Nasdaq: NEWT) announced that CEO Barry Sloane will speak on the BDC panel at the Active Investment Company Alliance Virtual Summer Summit on August 13, 2020, at 3:00 PM ET. The panel includes other BDC leaders such as Main Street Capital and Hercules Capital. Additionally, Sloane will host two virtual Q&A sessions on the same day at 12:00 PM ET and 4:00 PM ET. Interested attendees can contact Jayne Cavuoto at Newtek for participation details.
Newtek Business Services Corp (NASDAQ: NEWT) declared a third quarter 2020 cash dividend of $0.58 per share, payable on September 30, 2020, to shareholders recorded as of September 21, 2020. This dividend represents a total of $1.58 per share for the first three quarters of 2020, marking a 9.7% increase from $1.44 during the same period in 2019. The company aims to distribute approximately 90-100% of its annual taxable income as dividends, reflecting strong financial stability and shareholder value.
Newtek Business Services Corp (Nasdaq: NEWT) announced that it will report its Q2 2020 financial results after market close on August 5, 2020. A conference call to discuss the results will be held the following day, August 6, 2020, at 8:30 am ET. Investors can access the call by dialing (877) 303-6993 or (760) 666-3611, and a live webcast will be available on their website. Newtek provides diverse business solutions to small- and medium-sized businesses (SMBs) across the U.S., enhancing their operational efficiency and growth since 1999.
Newtek Business Services Corp (NASDAQ: NEWT) announced a second quarter 2020 cash dividend of $0.56 per share, a 21.7% increase from the previous year. The dividend will be payable on July 31, 2020 to shareholders of record as of July 15, 2020. The company forecasts adjusted net investment income (ANII) between $1.30 and $1.50 per share for this quarter. CEO Barry Sloane highlighted the company's ability to fund over $1 billion in Paycheck Protection Program loans, reinforcing their commitment to shareholder returns.
Newtek Business Services Corp (NASDAQ: NEWT) declared a cash dividend of $0.56 per share for Q2 2020, payable on July 31, 2020. Shareholders of record as of July 15, 2020 will receive this dividend. The company aims to distribute about 90-100% of its annual taxable income as dividends, though this is determined annually based on fiscal performance. This announcement highlights Newtek's commitment to returning value to shareholders amidst ongoing business operations targeting small- and medium-sized enterprises.
Newtek Business Services Corp (Nasdaq: NEWT) has announced the funding of approximately $700 million in Paycheck Protection Program (PPP) loans, part of a potential total of $1.15 billion. The company’s subsidiary, Newtek Small Business Finance, estimates that up to 130,000 jobs could be retained through these loans. As of May 10, 2020, $120 billion in funding is still available under the SBA 7(a) program. Additionally, Capital One has renewed NSBF's $150 million revolving credit facility, providing further support for ongoing operations.
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