Newtek Business Services

Newtek Business Services Corp. is a non-diversified closed-end management investment company, which engages in the provision of business and financial solutions. Its products and services include business lending, electronic payment processing, managed technology solutions (cloud computing), technology consulting, ecommerce, accounts receivable, inventory financing, personal and commercial lines insurance services, web services, data backup, storage and retrieval, and payroll and benefits solutions to small-and-medium sized businesses (SMB) accounts nationwide across all industries. The company was founded by Barry Sloane in 1998 and is headquartered in New York, NY.

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NewtekOne, Inc. is a financial holding company, which engages in the provision of business and financial solutions. Its brands include Newtek Bank, Newtek Lending, Newtek Payments, Newtek Insurance, Newtek Payroll, and Newtek Technology. The company was founded by Barry Sloane in 1998 and is headquartered in Boca Raton, FL.

BOCA RATON, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne” or the “Company”) (Nasdaq: NEWT) has entered into a definitive agreement (the “Agreement”) to sell its wholly owned subsidiary Newtek Technology Solutions, Inc. (“NTS”) to Paltalk, Inc. (“Paltalk”) (Nasdaq: PALT) (the “NTS Sale”). As previously disclosed, in connection with Company's acquisition of Newtek Bank and transition to a financial holding company, the Company made a commitment to the Board of Governors of the Federal Reserve System to divest or terminate the activities of NTS, which manages information technology hardware and software for approximately 17,000 customers.

NewtekOne Enters into Agreement to Sell Newtek Technology Solutions, Inc.

NewtekOne, Inc. (NASDAQ:NEWT ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Barry Sloane - President, Chairman and Chief Executive Officer Scott Price - Chief Financial Officer Frank Di Maria - Chief Accounting Officer Nicolas Young - President and Chief Operating Officer, Newtek Bank, N.A Conference Call Participants Crispin Love - Piper Sandler Tim Switzer - KBW Steve Moss - Raymond James Christopher Nolan - Ladenburg Thalmann Bryce Rowe - B. Riley Operator Good day and thank you for standing by.

NewtekOne, Inc. (NEWT) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for NewtekOne (NEWT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

NewtekOne (NEWT) Reports Q2 Earnings: What Key Metrics Have to Say

NewtekOne (NEWT) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.26 per share a year ago.

NewtekOne (NEWT) Surpasses Q2 Earnings and Revenue Estimates

Newtek Bank, N.A. Demonstrates Loan and Deposit Growth Maintains its 2024 Annual EPS Forecast in a Range of $1.85 to $2.05 per Basic and Diluted Common Share BOCA RATON, Fla.

NewtekOne, Inc. Reports Second Quarter 2024 Financial Results

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BOCA RATON, Fla., July 24, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that its joint venture, Newtek-TSO II Conventional Credit Partners, LP (“Newtek-TSO”), has closed a securitization backed by alternative business loans, selling $137,170,000 of Class A Notes and $17,150,000 of Class B Notes (collectively, the “Notes”) issued by NALP Business Loan Trust 2024-1. The Notes are backed by $190,520,000 of collateral, consisting of $159,770,000 of Company originated alternative loan program (“ALP”) loans and $30,750,000 prefunding account to acquire additional ALP loans originated by the Company in May 2024. The Class A and Class B Notes received Morningstar DBRS ratings of “A (sf)” and “BBB (high) (sf)”, respectively. The Notes had an 81.0% advance rate. Newtek-TSO received in excess of $370 million in requests for approximately $154 million of Notes. The Class A Notes were priced at a yield of 6.585%, and the Class B Notes were priced at a yield of 7.835%, for a combined weighted average yield of 6.724% on the Notes. This securitization transaction represents the second term asset-backed securitization closed by a Company joint venture and secured by ALP loans - loans which do not conform to the requirements of the Small Business Administration (“SBA”) 7(a) loan program. Historically, the Company has issued fifteen rated securitizations, two of which were with joint ventures and backed by ALP loans. All of the Company's prior securitizations have maintained their investment-grade ratings or been upgraded. For additional detail on this alternative business loan backed securitization, please use the following link NALP Business Loan Trust 2024-1.

NewtekOne, Inc. Closes $154,320,000 Alternative Business Loan Backed Securitization

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BOCA RATON, Fla., July 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that it will report its second quarter 2024 financial results after the market closes on Monday, August 5, 2024. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer and M. Scott Price, Chief Financial Officer, the following day, Tuesday, August 6, 2024 at 8:30 am ET.

NewtekOne, Inc. to Report Second Quarter 2024 Financial Results on Monday, August 5, 2024 After the Market Closes

BOCA RATON, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc . (Nasdaq: NEWT), announced today that NewtekOne's CEO and President, Barry Sloane, and CFO, M. Scott Price, will attend and hold group investor meetings at the 25th Annual KBW Community Bank Investor Conference July 30-31, 2024 at the Hilton New York Midtown. To schedule a meeting, please contact your KBW representative, or Jayne Cavuoto, Director of Investor Relations at NewtekOne, at jcavuoto@newtekone.com.

NewtekOne, Inc. CEO, Barry Sloane, to Attend the 25th Annual KBW Community Bank Investor Conference July 30-31, 2024

BOCA RATON, Fla., June 06, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc . (Nasdaq: NEWT), announced today that it will be webcasting its Analyst and Investor Day, on Thursday, June 13, 2024, beginning at 9:00 AM EDT, on its corporate website. To access the webcast, or receive a dial-in number, participants should register online at NewtekOne Inc. 2024 Analyst and Investor Day at least 15 minutes prior to the start of the event. A replay of the event with the corresponding presentation will be available on NewtekOne's website shortly following the live event and will be available for a period of 90 days. If you are interested in attending in person, at the Company's Boca Raton, FL headquarters, please email your contact information to Jayne Cavuoto at jcavuoto@newtekone.com and you will be provided with all of the necessary on-site event details.

NewtekOne, Inc. To Webcast its Analyst and Investor Day on Thursday, June 13, 2024 on its Corporate Website

BOCA RATON, Fla., June 05, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced that it completed a registered public offering of $71.875 million aggregate principal amount of its 8.50% Fixed Rate Senior Notes due 2029 (the “Notes”), including the underwriters full exercise of their option to purchase additional Notes (the “Offering). The Company received $69,718,750 in proceeds, before expenses, from the sale of the Notes. The Notes will mature on June 1, 2029, and may be redeemed by the Company, in whole or in part, at any time on or after June 1, 2027, at a redemption price equal to 100% of the outstanding principal amount to be redeemed plus accrued and unpaid interest. The Notes will bear interest at a rate of 8.50% per year payable quarterly on each March 1, June 1, September 1 and December 1, beginning September 1, 2024.

NewtekOne, Inc. Completes Offering of $71.875 Million of 8.50% Fixed Rate Senior Notes Due 2029

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BOCA RATON, Fla., May 13, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced today that it will hold an Analyst and Investor Day, on Thursday, June 13, 2024, at the Company's headquarters in Boca Raton, Florida, as well as virtually by way of Microsoft Teams, beginning at 9:00 am ET. If you are interested in attending, or participating virtually, please register by emailing your contact information to Jayne Cavuoto at jcavuoto@newtekone.com and you will be provided with all of the necessary event details.

NewtekOne, Inc. To Hold Analyst and Investor Day, Thursday, June 13, 2024 at its Headquarters in Boca Raton, Florida

NewtekOne, Inc. (NASDAQ:NEWT ) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Barry Sloane - Chief Executive Officer Scott Price - Chief Financial Officer Frank Di Maria - Chief Accounting Officer Nick Young - President and Chief Operating Officer Conference Call Participants Brad Capuzzi - Piper Sandler Tim Switzer - KBW Bryce Rowe - B. Riley Christopher Nolan - Ladenburg Thalmann Steve Moss - Raymond James Operator Good day and thank you for standing by.

NewtekOne, Inc. (NEWT) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for NewtekOne (NEWT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

NewtekOne (NEWT) Reports Q1 Earnings: What Key Metrics Have to Say

NewtekOne (NEWT) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.45 per share a year ago.

NewtekOne (NEWT) Q1 Earnings and Revenues Top Estimates

Achieves Growth in Loans and Deposits in the First Quarter 2024 First Quarter 2024 Earnings per Share Beats Company's Previously Issued Forecast; Company Raises Full Year 2024 Earnings per Share Forecast BOCA RATON, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced today its financial and operating results for the three months ended March 31, 2024.

NewtekOne, Inc. Reports First Quarter 2024 Financial Results

BOCA RATON, Fla., April 23, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced today that NewtekOne's CEO and President, Barry Sloane, and CFO, M. Scott Price, will attend and hold-one-on-one meetings at the B. Riley Securities 24th Institutional Investor Conference on May 22-23, 2024 at the Beverly Hilton Hotel in Beverly Hills, CA. To schedule a meeting, please contact your B. Riley representative, or Jayne Cavuoto, Director of Investor Relations at NewtekOne, at jcavuoto@newtekone.com.

NewtekOne, Inc. CEO, Barry Sloane, to Attend the B. Riley Securities 24th Institutional Investor Conference May 22-23, 2024

NewtekOne (NEWT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

NewtekOne (NEWT) Soars 5.9%: Is Further Upside Left in the Stock?

BOCA RATON, Fla., April 04, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that it will report its first quarter 2024 financial results after the market closes on Monday, May 6, 2024. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer; M. Scott Price, Chief Financial Officer; and Frank M. DeMaria, Chief Accounting Officer, the following day, Tuesday, May 7, 2024 at 8:30 am ET.

NewtekOne, Inc. to Report First Quarter 2024 Financial Results on Monday, May 6, 2024 After the Market Closes

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BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that it has hired Mr. Taylor Quinn as Senior Vice President, Chief Risk Officer for NewtekOne and Newtek Bank, N.A., effective today.

NewtekOne, Inc. Hires Taylor Quinn as Chief Risk Officer

Record Loan Approvals Across All Loan Products in First Quarter 2024 Strong Growth in Lending and Deposits in the First Quarter 2024 BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company” or “NewtekOne”) (NASDAQ: NEWT), announced today that its nationally chartered bank subsidiary, Newtek Bank, N.A.

NewtekOne, Inc. Announces Loan Closings for the First Quarter 2024

News for Newtek Business Services Stock (NEWT)