Two Directors at NewtekOne Inc bought 3,000 shares at between 10.390USD and 10.944USD. The significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the l...
NewtekOne, Inc. Reports Basic and Diluted EPS of $0.36 and $0.35 for the Three Months Ended March 31, 2025 EPS Exceeded NewtekOne's Projected $0.28-$0.32 Range BOCA RATON, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (Nasdaq: NEWT) reports its financial and operating results for the three months ended March 31, 2025 ("1Q25"). “In a challenging and fluid economic environment, we are extremely pleased to post solid quarterly results that include diluted earnings per share ("EPS") of $0.35, ahead of the guidance range we presented to the market in late Februa...
NewtekOne, Inc. Closes ALP Loan Securitization with Sale of $184 Million of Rated Notes Transaction Marks NewtekOne’s 16th Securitization BOCA RATON, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- (the “Company”) (NASDAQ: NEWT) announced today that it has closed a $184 million securitization backed by $216 million of Alternative Loan Program (“ALP”) loans. This securitization, NALP Business Loan Trust 2025-1, represents the Company’s third asset-backed securitization secured by ALP loans, the first two of which were executed out of NewtekOne joint ventures, and is the Company’s 16th rated se...
NewtekOne, Inc. Announces Peter Downs has been named President of Newtek Bank, N.A. BOCA RATON, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- Boca Raton, FL, April 23, 2025 - (the “Company”) (NASDAQ: NEWT) announced that Peter Downs has been named President of Newtek Bank, N.A. (the “Bank”). In addition, Frank M. DeMaria has been named Chief Financial Officer of the Company, with Scott Price maintaining the role as Chief Financial Officer of Newtek Bank, focusing on developing and executing the Bank's financial strategy. Barry Sloane, CEO, President and Chairman, said, “We acquired National ...
NewtekOne, Inc. Estimates $2.0 Million of Annual Expense Savings BOCA RATON, Fla., April 14, 2025 (GLOBE NEWSWIRE) -- (the “Company”) (NASDAQ: NEWT) announced the termination of three office space leases covering roughly 52,000 square feet, which will reduce the Company’s annual expenses by approximately $2.0 million on a recurring basis beginning in the second quarter of 2025. These lease terminations reflect the Company’s strategic shift to a mostly remote workforce and the Company’s technological capabilities to produce growth without having to use expensive branches, traditional bank...
NewtekOne, Inc. Announces Balance Sheet Metrics for 1Q25 and Reiterates EPS Guidance for 2025 BOCA RATON, Fla., April 08, 2025 (GLOBE NEWSWIRE) -- (the “Company”) (NASDAQ: NEWT) is pleased to provide the following preliminary loan and deposit metrics for its first quarter ending March 31, 2025: SBA 7(a) loans. In 1Q25, the Company originated 580 SBA 7(a) loans totaling $213 million, which compares to 1Q24 SBA 7(a) originations of 489 totaling $212 million. SBA 7(a) loans held for investment (“HFI”) within Newtek Bank, N.A. (“Newtek Bank”) stood at roughly $407 million as of March 31, up...
NewtekOne, Inc. to Report First Quarter 2025 Results on Tuesday, May 6, 2025 and Host a Conference Call on Wednesday, May 7, 2025 BOCA RATON, Fla., April 04, 2025 (GLOBE NEWSWIRE) -- (the “Company”) (NASDAQ: NEWT) will report its first quarter 2025 financial results after the market closes on Tuesday, May 6, 2025. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, M. Scott Price, Chief Financial Officer, and Frank DeMaria, Chief Accounting Officer, the following day, Wednesday, May 7, 2025, at 8:30 am ET. Please note, to receive a dial-in...
NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share BOCA RATON, Fla., March 31, 2025 (GLOBE NEWSWIRE) -- (“the Company”) (NASDAQ: NEWT) announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share on the outstanding common stock of NewtekOne. The dividend is payable on April 30, 2025, to shareholders of record as of April 15, 2025. Note Regarding Dividend Payments Amount and timing of dividends, if any, remain subject to the discretion of the Company's Board of Directors. About NewtekOne, Inc. , Your Business Solutions Company®, is a financ...
NewtekOne, Inc. Closes Private Offering of Senior Unsecured Notes NewtekOne’s Credit Rating Upgraded by Egan-Jones BOCA RATON, Fla., March 20, 2025 (GLOBE NEWSWIRE) -- (the “Company”) (NASDAQ: NEWT) has completed an exempt offering of $30.0 million aggregate principal amount of its 8.375% notes due 2030 (the “Notes” and the "Offering"). The Offering was consummated pursuant to the terms of a purchase agreement (the “Purchase Agreement”) dated March 19, 2025 between the Company and eleven institutional accredited investors (the “Purchasers”). The Purchase Agreement provided for the Note...
Newtek Merchant Solutions Hires John O’Connor as Chief Revenue Officer BOCA RATON, Fla., March 11, 2025 (GLOBE NEWSWIRE) -- (the “Company”) (NASDAQ: NEWT) announced today that its payment processing subsidiary Newtek Merchant Solutions (“NMS”) has hired John O’Connor as Chief Revenue Officer. Initially, Mr. O’Connor will support NMS’s efforts to make its merchant processing clients aware of the vast array of business and financial solutions offered by NewtekOne and its subsidiaries, including business checking and savings accounts with no fees and attractive interest rates. Most recently...
Newtek Bank, N.A. Hires Vik Mahajan as Chief Investment Officer BOCA RATON, Fla., March 05, 2025 (GLOBE NEWSWIRE) -- (the “Company”) (NASDAQ: NEWT) announced today that Newtek Bank. N.A., the Company’s bank subsidiary, has hired Vaibhav “Vik” Mahajan as Chief Investment Officer. Mr. Mahajan will be responsible for enhancing and optimizing Newtek Bank’s execution of loan sales, including SBA 504 loans and the government-guaranteed portions of SBA 7(a) loans; in addition, he will run point on sourcing loan purchase and sale opportunities for Newtek Bank. With 25 years of experience in inve...
NewtekOne, Inc. Hires Bryce Rowe as the Company’s Vice President, Investor Relations BOCA RATON, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- (the “Company”) (NASDAQ: NEWT) announced today it has hired Bryce Rowe as Vice President, Investor Relations. Mr. Rowe will assume responsibility for all aspects of the Company’s investor relations functions. Mr. Rowe joins the Company with 25 years of experience as an equity research analyst covering small-cap banks and business development companies (BDCs). Most recently, Bryce was a senior equity research analyst at B. Riley Securities. Mr. Rowe hol...
NewtekOne, Inc. Reports Full Year 2024 Earnings of $1.97 per Basic and $1.96 per Diluted Common Share Raises Full Year 2025 Earnings Forecast Range to $2.10 to $2.50 per Basic and Diluted Common Share BOCA RATON, Fla., Feb. 26, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: NEWT) reports its financial and operating results for the three and twelve months ended December 31, 2024. NewtekOne Financial Highlights for the Three Months Ended December 31, 2024 Net income was $18.3 million and earnings per share (“EPS”) was $0.70 per basic and $0.69 per diluted common share, for the three months ended De...
NewtekOne, Inc. Announces Newtek Advantage® Now Integrates with Intuit QuickBooks® BOCA RATON, Fla., Feb. 18, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) announced today that Newtek Advantage® now integrates with Intuit QuickBooks®, providing independent business owners with a real-time snapshot into their finances. QuickBooks is the world’s leading small business technology platform that helps businesses grow and run their business in one place. NewtekOne strives to serve these same business owners and builds on the Newtek Advantage’s existing robust capabilities with this in...
NewtekOne, Inc. to Report Fourth Quarter and Full Year 2024 Financial Results on Wednesday, February 26, 2025, After the Market Closes BOCA RATON, Fla., Jan. 21, 2025 (GLOBE NEWSWIRE) -- (“the Company”) (NASDAQ: NEWT) announced today that it will report its fourth quarter and full year 2024 financial results after the market closes on Wednesday, February 26, 2025. 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, Thursday, February 27, 2025 at 8:30 am ET. Please note, to rec...
Newtek Bank, N.A. Reaches Over $1.0 Billion in Deposits Grows Total Deposits by $884 Million in its First Two Years of Operations BOCA RATON, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- (“the Company”) (NASDAQ: NEWT) announced today the following deposit metrics of (“Newtek Bank” or the “Bank”), its technology-enabled banking subsidiary, at December 31, 2024: $1.03 billion in total deposits at December 31, 2024, which represents a 97.0% increase in total deposits over the year ended December 31, 2023, and growth of $884 million in total deposits since its acquisition in January 2023.Insu...
NewtekOne, Inc. and Paltalk, Inc. To Hold Conference Call on January 2, 2025, To Discuss the Anticipated January 2, 2025 Closing of the Divestiture of Newtek Technology Solutions, Inc. to Paltalk, Inc. BOCA RATON, Fla., Dec. 30, 2024 (GLOBE NEWSWIRE) -- (“the Company”) (NASDAQ: NEWT) and Paltalk, Inc. (“Paltalk”) (Nasdaq: PALT) will host a conference call on January 2, 2025, to discuss the anticipated January 2, 2025 closing of Paltalk’s acquisition (the “Acquisition”) of Newtek Technology Solutions, Inc. (“NTS”). Earlier today, Paltalk announced that Paltalk’s shareholders voted to appr...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.