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) generates a steady flow of news as a financial holding company focused on providing business and financial solutions to independent business owners. Company announcements frequently highlight developments across its banking, lending, payment processing, capital markets, and technology activities under the Newtek and NewtekOne brands.
Investors following NEWT news can expect regular updates on earnings results, including quarterly and year-to-date financial performance, as well as details on loan originations, deposit growth, and securitization activity. NewtekOne issues press releases around its earnings conference calls and investor presentations, offering insight into its operations, lending programs such as SBA 7(a), SBA 504, and Alternative Loan Program (ALP) loans, and its technology-enabled banking platform.
NewtekOne also publishes news related to capital structure and securities, including offerings of depositary shares representing interests in its Series B preferred stock, exchange offers for outstanding notes, and updates on listed senior notes and preferred securities. Additional announcements cover dividends on common and preferred shares, share repurchase authorizations and activity, and credit facilities supporting subsidiaries such as Newtek Merchant Solutions.
Operational news items may include leadership appointments within subsidiaries, enhancements to payment processing capabilities, and descriptions of how NewtekOne integrates banking, lending, and payments for business clients. For investors and observers interested in small-business-focused financial services, this news feed provides a centralized view of NewtekOne’s public disclosures, from strategic financing transactions to technology and product updates.
Bookmark this page to review NEWT headlines, earnings releases, capital markets announcements, and other official communications that shape the company’s story over time.
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.
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