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. reports developments as a financial holding company serving independent business owners through Newtek Bank, N.A. and non-bank subsidiaries. Its updates cover banking, business lending, SBA lending solutions, Alternative Loan Program and C&I longer-amortizing loans, deposit products, payment processing, payroll and benefits, insurance solutions, and technology services offered under the Newtek brand.
Company news also includes the Newtek Advantage business portal, FedNow® and RTP® instant-payment capabilities, the AI-powered NewTracker® loan processing system, and the Newtek Seven Day Business Loan™. Financial releases address loan origination activity, deposit trends, securitizations, credit facilities, common dividends, and Series B preferred share dividends.
Newtek Business Services Corp (Nasdaq: NEWT) has made available a replay of a webinar focused on cloud-computing technology. The session, held on December 8, 2020, featured insights from CEO Barry Sloane and other experts on how small- and medium-sized businesses can enhance their IT through secure private clouds. Topics included ecommerce solutions, managed IT services, and private cloud advantages. This initiative highlights Newtek’s commitment to helping SMBs thrive in a competitive landscape.
Newtek Business Services Corp (Nasdaq: NEWT) announces a webinar on December 8, 2020, at 3 PM EST, led by CEO Barry Sloane and experts from Newtek Technology Solutions. The session will focus on navigating cloud-computing technology for small- and medium-sized businesses (SMBs). Key topics include managing IT in a secure private cloud, eCommerce solutions, and managed IT services for security. Participants can register online to learn how to enhance their business operations with innovative technology solutions.
Newtek Business Services Corp (NASDAQ: NEWT) announced a fourth quarter 2020 cash dividend of $0.47 per share, payable on December 30, 2020 to shareholders of record as of December 18, 2020. This dividend increases the total dividends paid in 2020 to $2.05 per share. The company aims to maintain a policy of quarterly distributions approximating 90-100% of its annual taxable income, though the amount remains at the discretion of the Board of Directors.
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.