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., April 04, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ((NASDAQ: NEWT) (the “Company” or “NewtekOne”) updates the investment community on the Company's key performance indicators for the first quarter of 2023.

NewtekOne, Inc.'s CEO Updates the Market on First Quarter 2023 Key Performance Indicators

Will Hold Conference Call to Discuss with Q&A On Wednesday, March 15, 2023 at 8:30am ET Will Hold Conference Call to Discuss with Q&A On Wednesday, March 15, 2023 at 8:30am ET

NewtekOne, Inc. Updates Market on Financial Holding Company Transition and Forecasts

NewtekOne's business model is still deeply misunderstood, judging by the confusion present in comments and discourse on Seeking Alpha. I write this article to set the discourse straight. NewtekOne originates SBA 7(a) and 504 loans, and sells the government guarantee portion at a substantial premium.

NewtekOne's Business Model: Deep Dive On The Engine's Mechanics

Newtek Business Services Corp. (NASDAQ:NEWT ) Q4 2022 Earnings Conference Call February 28, 2023 8:30 AM ET Company Participants Barry Sloane - Chairman, President and CEO Nicholas Leger - EVP and Chief Accounting Officer Conference Call Participants Crispin Love - Piper Sandler Paul Johnson - KBW Scott Sullivan - Raymond James Bryce Rowe - B. Riley Financial FBR Operator Good day and thank you for standing by.

Newtek Business Services Corp. (NEWT) Q4 2022 Earnings Call Transcript

We previously covered NewtekOne five months back and told you what needed to happen to make it a solid prospect. The stock edged a bit higher since then and then came crashing down on Q4-2022 earnings release.

NewtekOne: This Is Not The Dividend Policy You're Looking For

Newtek (NEWT) delivered earnings and revenue surprises of -90% and 11.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Newtek (NEWT) Misses Q4 Earnings and Revenue Estimates

$0.18 per Share Dividend is a 12.5% Increase Over Previously Forecasted $0.16 per Share Dividend $0.18 per Share Dividend is a 12.5% Increase Over Previously Forecasted $0.16 per Share Dividend

NewtekOne, Inc. CEO, Barry Sloane, Comments on the Declaration of its First Quarterly Dividend as a Financial Holding Company of $0.18 per Share

BOCA RATON, Fla., Feb. 27, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share, payable on April 14, 2023 to shareholders of record as of April 4, 2023.

NewtekOne, Inc. Declares Quarterly Dividend of $0.18 per Share

Company Declares First Quarterly Dividend as a Financial Holding Company of $0.18 per Share Exceeding Previous Projections of $0.16 per Share and Refreshes its 2023 and 2024 Financial Holding Company Projections Company Declares First Quarterly Dividend as a Financial Holding Company of $0.18 per Share Exceeding Previous Projections of $0.16 per Share and Refreshes its 2023 and 2024 Financial Holding Company Projections

NewtekOne, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results

Much discourse still centers on NewtekOne as an income investment. I think the market is way behind the curve. I write this article to set the record straight. NewtekOne has always been in practice a bank and business solutions company but spent the last few years with a BDC wrapper.

NewtekOne's Wings Will Likely Let Shareholders Soar

BOCA RATON, Fla., Feb. 14, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that Barry Sloane, CEO and President of NewtekOne will speak on the ‘Specialized Commercial Banks' panel at the KBW Fintech and Payments Conference on Thursday, March 2, 2023 at 9:30 am ET. Mr. Sloane will also be available for one-on-one meetings on Wednesday, March 1 2023 and Thursday, March 2, 2023. If you are interested in scheduling a meeting, please contact your KBW representative, or Halli Razon, at NewtekOne at hrazon@newtekone.com.

NewtekOne, Inc.'s CEO, Barry Sloane, To Speak on Specialized Commercial Banks Panel at the KBW Fintech and Payments Conference on Thursday, March 2, 2023

BOCA RATON, Fla., Feb. 08, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that it will report its fourth quarter and full year 2022 financial results after the market closes on Monday, February 27, 2023. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, and Nicholas Leger, Chief Accounting Officer, the following day, Tuesday, February 28, 2023 at 8:30 am ET.

NewtekOne, Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on Monday, February 27, 2023 After the Market Closes

BOCA RATON, Fla., Feb. 07, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) (the “Company”) announced that it has sold $20 million of the Company's 8% Convertible Series A Preferred Stock to Patriot Financial Partners IV, L.P.

NewtekOne Raises $20 Million in Sale of Convertible Series A Preferred Stock to Patriot Financial Partners IV, L.P.

BOCA RATON, Fla., Jan. 24, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) (the “Company”), announced that on January 23, 2023, the Company completed an exempt private offering of $50.0 million aggregate principal amount of its 8.125% notes due 2025 (the “Notes”). The Notes were issued to institutional accredited investors in a private placement. The Notes will mature on February 1, 2025, will bear interest at a rate of 8.125% per year and will be the Company's direct unsecured obligations and rank pari passu, or equal, with all outstanding and future unsecured unsubordinated indebtedness issued by the Company.

NewtekOne Raises $50M in Private Note Offering

Newtek has bounced off $15 for months and remains in the distressed territory. We've finally obtained detailed insight into the bank conversion slated for this month.

Newtek Business Services: All In

Newtek Business Services Corp. Becomes a Financial Holding Company Newtek Business Services Corp. Becomes a Financial Holding Company

Newtek Business Services Corp. Completes Acquisition of National Bank of New York City

Will Provide Demonstration of the Newtek Advantage™ Will Provide Demonstration of the Newtek Advantage™

Newtek Business Services Corp. to Hold Investor Conference Call on Wednesday, January 18, 2023 at 8:30 am ET to Discuss the Company's NewtekOne® Rebranding Strategy and the Relaunch and Redesign of the Corporate Website

Will Release Financial and Operational Projections and Targets to the Investor and Analyst Community for 2023 and 2024

Newtek Business Services Corp. to Hold Investor Conference Call on Tuesday, January 17, 2023 at 8:30 am ET

Investors need to pay close attention to Newtek Business Services (NEWT) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Newtek Business Services (NEWT) Stock?

Newtek Business Services Corp. (NASDAQ:NEWT ) Investor Conference Call December 14, 2022 8:30 AM ET Company Participants Barry Sloane - Chairman, President and Chief Executive Officer Nicholas Leger - Executive Vice President and Chief Accounting Officer John McCaffery - Senior Vice President of Accounting and Finance Conference Call Participants Adam Morton - RBC Capital Markets, LLC Christopher Nolan - Ladenburg Thalmann & Co. Inc. Robert Dodd - Raymond James & Associates, Inc. Scott Sullivan - Raymond James & Associates, Inc. Timothy Switzer - Keefe, Bruyette & Woods, Inc. Marc Silk - Silk Investment Advisers Operator Good day, and thank you for standing by. Welcome to the Newtek Investor Conference Call.

Newtek Business Services Corp. (NEWT) Investor Conference Call Transcript

Bank to Extend the Advice and Value it Provide to Clients through a Comprehensive Risk Management Approach FAIRFAX, Va. , Dec. 15, 2022 /PRNewswire/ -- The Freedom Bank of Virginia ("Freedom Bank") announced today that it has partnered with Newtek Insurance to offer a full range of insurance solutions to business and consumer clients.

Freedom Bank Partners with Newtek Insurance to Offer Clients a Full Range of Insurance Solutions

Due to the financial ramifications of the NBNYC acquisition, NEWT has been on a precipitous decline over the past year. The acquisition is nearly over, and the company is showing signs of recovery now that it is no longer spending so much money on the transaction.

Newtek Business Services: Impending Bank Acquisition A Major Tailwind To Future Growth

Will Provide Update on the Financial Illustration of the Bank Holding Company and the Bank on a Go-Forward Basis Subsequent to the Acquisition of the National Bank of New York City Will Provide Update on the Financial Illustration of the Bank Holding Company and the Bank on a Go-Forward Basis Subsequent to the Acquisition of the National Bank of New York City

Newtek Business Services Corp. to Hold Investor Conference Call on Wednesday, December 14, 2022 at 8:30 am ET

BOCA RATON, Fla., Dec. 07, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (NASDAQ: NEWT) today announced that its new joint venture, Newtek-TSO II Conventional Credit Partners, LP, has closed a $150 million leverage facility from a well-known investment bank to be used to fund the acquisition of non-conforming conventional loans made to middle-market companies as well as small businesses. In addition, Newtek's portfolio company Newtek Business Lending, LLC, has entered into amendments and extensions of two credit lines with two financing providers for $110 million in total, to fund, among other things, SBA 504 loans. Finally, Newtek Merchant Solutions, a wholly owned portfolio company, entered into an amendment to an existing credit facility for an additional $18 million in availability under its credit line.

Newtek Secures Approximately $300 Million in Debt Financing to Further its Growth and Objectives for 2023

Newtek Recently Received Federal Reserve Approval to Become a Bank Holding Company Newtek Recently Received Federal Reserve Approval to Become a Bank Holding Company

News for Newtek Business Services Stock (NEWT)