NEWT

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

Retrieved on: 
Tuesday, April 23, 2024
BOCA, CFO, NEWT, Kathy Hilton, Conference, The Beverly Hilton

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.

Key Points: 
  • 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 [email protected] .

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

Retrieved on: 
Thursday, April 4, 2024
NEWT, Webcast, BOCA

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.

Key Points: 
  • 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.
  • Please note, to attend the conference call or webcast, participants should register online at NewtekOne First Quarter 2024 Financial Results .
  • The corresponding presentation will be available in the ‘Events & Presentations’ section of the Investor Relations portion of NewtekOne’s website at NewtekOne First Quarter 2024 Financial Results .

NewtekOne, Inc. Hires Taylor Quinn as Chief Risk Officer

Retrieved on: 
Monday, April 1, 2024
Certified Public Accountant, KPMG, Risk management, Growth, Business, Risk, Business school, Amalgamated Bank, Senior, BOCA, Amalgamation, KPMG LLP, NEWT, Management

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.

Key Points: 
  • 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.
  • Further, Taylor developed and integrated audit and risk management frameworks across the enterprise through deployment of technology.
  • Prior to Amalgamated Bank, Taylor worked at KPMG LLP as Audit Senior Manager in banking and capital markets where he worked with the audit, risk and regulatory functions.
  • Barry Sloane, Chairman, President and Chief Executive Officer commented, “We are thrilled to announce Taylor Quinn joining the senior management team at NewtekOne and Newtek Bank as Chief Risk Officer.

NewtekOne, Inc. Promotes Frank M. DeMaria to Chief Accounting Officer

Retrieved on: 
Monday, April 1, 2024
KPMG, Knowledge, Controller, Flagstar Bank, Treasurer, Senior, BOCA, Amalgamation, KPMG LLP, NEWT, Accounting, Management

BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) has promoted Mr. Frank M. DeMaria to Executive Vice President, Chief Accounting Officer of NewtekOne effective as of March 29, 2024.

Key Points: 
  • BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) has promoted Mr. Frank M. DeMaria to Executive Vice President, Chief Accounting Officer of NewtekOne effective as of March 29, 2024.
  • Frank brings a career’s worth of experience across many facets of financial holding company accounting and finance to this position.
  • Frank’s prior experience includes being Senior Vice President & Controller at Flagstar Bank, N.A; Senior Vice President & Chief Accounting Officer at Amalgamated Financial Corp.; and Senior Manager at KPMG LLP, Audit Financial Services.
  • Our former Chief Accounting Officer, Nick Leger, has assumed the role of Senior Vice President and Treasurer of NewtekOne and Newtek Bank.

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

Retrieved on: 
Monday, April 1, 2024
EPS, NEWT, Growth, SBA, CRE, Running, BOCA, C&I

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., closed $207.7 million of SBA 7(a) loans for the three months ended March 31, 2024, which represents a 36.2% increase over $152.5 million of SBA 7(a) loans closed in the first quarter 2023. Newtek Bank and the Company’s non-bank subsidiaries closed $308.6 million of loans, across all loan products, for the three months ended March 31, 2024, which represents a 35.8% increase over $227.2 million for the same period in 2023. The Company also announced strong growth in its loan approval pipeline across all lending products year-to-date through March 31, 2024. In particular, the Company approved $507.7 million of new loans, across all loan products, for the three months ended March 31, 2024. which represents a quarterly record for the Company. NewtekOne’s loan programs include SBA 7(a) loans, SBA 504 loans, alternative lending program (formerly referred to as our non-conforming conventional loan program), conforming C&I loans and conforming CRE loans.

Key Points: 
  • The Company also announced strong growth in its loan approval pipeline across all lending products year-to-date through March 31, 2024.
  • Finally, the Company announced that Newtek Bank has experienced increased deposit activity during the first quarter 2024.
  • Specifically, from the period of March 15, 2024 through March 31, 2024, deposits increased by approximately $30 million.
  • We plan to update our 2024 forecast when we release our first quarter 2024 financial results.

NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share

Retrieved on: 
Tuesday, March 19, 2024
NEWT, BOCA, Holding company

BOCA RATON, Fla., March 19, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share on the outstanding common stock of NewtekOne.

Key Points: 
  • BOCA RATON, Fla., March 19, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today 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 15, 2024 to shareholders of record as of April 1, 2024.
  • This represents a 5.5% increase over the $0.18 per share quarterly dividend declared on December 11, 2023.
  • Amount and timing of dividends, if any, remain subject to the discretion of the Company's Board of Directors.

NewtekOne, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, March 6, 2024
BDC, Acquisition, NEWT, NewTek, Friction, Forecasting, PLP, Net income, Adjustment, Human, Conference, Q4, BOCA, GAAP, Webcast, EPS, Asset, National bank, Bank statement, SBA, RIC, Environment, Clothing

BOCA RATON, Fla., March 05, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced today its financial and operating results for the three and twelve months ended December 31, 2023.

Key Points: 
  • Total assets were $1.4 billion at December 31, 2023, which remained relatively consistent to the balance at September 30, 2023.
  • Total borrowings were $644.1 million at December 31, 2023; a decrease of 0.7% from $648.7 million at September 30, 2023.
  • Please visit our website and review our Fourth Quarter and Full Year 2023 Presentation.”
    A conference call to discuss the fourth quarter and full year 2023 financial results will be hosted by Barry Sloane, President, Chairman and Chief Executive Officer, M. Scott Price, Chief Financial Officer, and Nick Leger, Chief Accounting Officer, tomorrow, Wednesday, March 6, 2024, 8:30 a.m.
  • Please note, to attend the conference call or webcast, participants should register online at NewtekOne, Inc. Q4 and Full Year 2023 Financial Results Conference Call .

NewtekOne, Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on Tuesday, March 5, 2024 After the Market Closes

Retrieved on: 
Monday, February 5, 2024
NEWT, Webcast, BOCA

BOCA RATON, Fla., Feb. 05, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that it will report its fourth quarter and full year 2023 financial results after the market closes on Tuesday, March 5, 2024.

Key Points: 
  • BOCA RATON, Fla., Feb. 05, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that it will report its fourth quarter and full year 2023 financial results after the market closes on Tuesday, March 5, 2024.
  • A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer; M. Scott Price, Chief Financial Officer; and Nicholas Leger, Chief Accounting Officer, the following day, Wednesday, March 6, 2024 at 8:30 am ET.
  • Please note, to attend the conference call or webcast, participants should register online at NewtekOne Fourth Quarter and Full Year 2023 Financial Results .
  • The corresponding presentation will be available in the ‘Events & Presentations’ section of the Investor Relations portion of NewtekOne’s website at NewtekOne Fourth Quarter and Full Year 2023 Financial Results .

NewtekOne, Inc. Releases the Newtek Advantage™ Guide to Success

Retrieved on: 
Thursday, February 1, 2024
NEWT, NewTek, SBA, BOCA, Acquisition

BOCA RATON, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that it has published its ‘2024 Newtek Advantage™ Guide to Success’, which is available to investors, existing clients, and prospective new clients on the Company’s website through the following link: 2024 Newtek Advantage Guide to Success .

Key Points: 
  • BOCA RATON, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that it has published its ‘2024 Newtek Advantage™ Guide to Success’, which is available to investors, existing clients, and prospective new clients on the Company’s website through the following link: 2024 Newtek Advantage Guide to Success .
  • The 2024 Newtek Advantage Guide to Success is a Newtek-created and published document that the Company believes can provide independent business owners with a greater path to succeed in their business endeavors in 2024 and also displays how NewtekOne can help them increase their revenues, reduce their expenses, and improve their productivity.
  • The acquisition of Newtek Bank, N.A.
  • and the development of the ‘Newtek Advantage™’ are some of the topics that are featured in this Guide to Success targeted to our customers demographic.

Newtek Small Business Loan Trust Securitizations Ratings Upgraded by S&P Global Ratings

Retrieved on: 
Thursday, January 18, 2024
S&P Global Ratings, Acquisition, COVID-19, SBA, BOCA, NEWT, Note, Bank

BOCA RATON, Fla., Jan. 18, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that S&P Global Ratings raised its ratings on a total of four classes of notes issued by Newtek Small Business Loan Trusts 2018-1 and 2019-1.

Key Points: 
  • BOCA RATON, Fla., Jan. 18, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that S&P Global Ratings raised its ratings on a total of four classes of notes issued by Newtek Small Business Loan Trusts 2018-1 and 2019-1.
  • These loan trusts are asset-backed securities transactions backed by amortizing pools of unguaranteed interests in SBA 7(a) loans originated by the Company’s subsidiary.
  • Barry Sloane, Chairman, President and Chief Executive Officer said, “We are pleased that S&P Global Ratings has upgraded their investment-grade ratings on two of the Company’s most seasoned securitizations outstanding.
  • As an organization that was a non-bank lender until 2023, Newtek used securitizations to fund its SBA 7(a) origination and portfolio activity.