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.
Bookmark this page for streamlined access to NewtekOne's financial communications. Combine these official updates with third-party analysis available through Stock Titan's research tools for comprehensive market understanding.
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.
Newtek Business Services Corp. (NASDAQ: NEWT) reported processing approximately $80 million in Paycheck Protection Program (PPP) loans through Newtek Small Business Finance, benefiting around 11,749 employees across 33 credit unions. The company, a licensed SBA lender, continues to support small businesses in retaining employees amid economic challenges. Currently, there is $120 billion in availability for SBA 7(a) loans, and Newtek is actively collaborating with credit unions to address their financing needs.
Newtek Business Services Corp (Nasdaq: NEWT) announced that its subsidiary, Newtek Small Business Finance (NSBF), has secured SBA loan numbers totaling $1.1 billion for the Paycheck Protection Program (PPP). By the end of the day, NSBF will have funded $603.4 million of these loans, potentially retaining up to 130,000 employees. NSBF continues to accept PPP loan applications, and the company anticipates further funding opportunities. Notably, NSBF successfully funded 96% of its borrowers in the first round of PPP funding.
FAQ
What is the current stock price of NewtekOne (NEWT)?
What is the market cap of NewtekOne (NEWT)?
