NewTek

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

Retrieved on: 
Wednesday, March 6, 2024
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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. 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.

NewtekOne, Inc. Launches Newtek Accounting

Retrieved on: 
Wednesday, November 29, 2023
Accounting, Partnership, BOCA, NEWT, NewTek

Barry Sloane, Chairman, President and Chief Executive Officer commented, “We are pleased to offer digital bookkeeping, accounting, and tax advisory services through Newtek Accounting. We have partnered with 1-800Accountant because we believe that over the last decade or more, 1-800Accountant has demonstrated an efficient and high-quality capability in providing accounting solutions to independent business owners across America. We believe the NewtekOne core client -- the independent business owner – has a need for these types of services. In the near future, we will look to integrate the Newtek Accounting offering with Newtek Bank’s online banking, as well as our payment processing and payroll functionalities, which will give our business clientele, going through the Newtek Advantage®, a complete, real-time dashboard, and provide true value to our clients rather than what traditional banks provide. We view the product offerings of traditional banks for the independent business owner as primarily limited to the simple concept of taking deposits, with the client hoping they will be able to obtain a loan if they need additional capital. However, Newtek Bank is not a traditional bank. We believe that the Newtek Accounting offering is a great step to being able to deliver the ultimate banking solution that Newtek Bank currently has in full flight through the Newtek Advantage. We are excited about our new partnership and even more excited to make 1-800Accountant’s cost-effective accounting solutions and services available to our existing and new clientele via Newtek Accounting.”

Key Points: 
  • BOCA RATON, Fla., Nov. 29, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company” or “NewtekOne”) (NASDAQ: NEWT), announced today that it has partnered with 1-800Accountant ( https://1800accountant.com/ ), America’s leading virtual accounting firm for small businesses, for NewtekOne to offer 1-800Accountant’s accounting services to NewtekOne’s independent business owner clients and referral partners via “Newtek Accounting” ( newtekaccounting.com ).
  • Through Newtek Accounting, NewtekOne's clients will have access to 1-800Accountant’s suite of professional accounting services, which is powered by both a mix of technology and CPAs with an average of 17 years of experience.
  • Barry Sloane, Chairman, President and Chief Executive Officer commented, “We are pleased to offer digital bookkeeping, accounting, and tax advisory services through Newtek Accounting.
  • We believe that the Newtek Accounting offering is a great step to being able to deliver the ultimate banking solution that Newtek Bank currently has in full flight through the Newtek Advantage.

Newtek Bank, N.A. Hires Chief Operating Officer of Digital Banking Operations

Retrieved on: 
Tuesday, November 28, 2023
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BOCA RATON, Fla., Nov. 28, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that its bank subsidiary, Newtek Bank, N.A., has hired Ms. Jennifer Merritt as Chief Operating Officer of digital banking operations, effective November 27, 2023.

Key Points: 
  • BOCA RATON, Fla., Nov. 28, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that its bank subsidiary, Newtek Bank, N.A., has hired Ms. Jennifer Merritt as Chief Operating Officer of digital banking operations, effective November 27, 2023.
  • Ms. Merritt comes to Newtek Bank with over a decade of banking experience with specific focuses on digital banking and banking-product development.
  • In addition, she was a business leader and subject-matter expert for the building of an integrated digital online banking platform with digital account opening and online banking solutions and software.
  • Barry Sloane, Chairman, President and Chief Executive Officer said, “We couldn’t be more pleased to announce the acquisition of Jennifer Merritt’s talents for the role of Chief Operating Officer of digital banking operations at Newtek Bank.

NewtekOne, Inc. CEO, Barry Sloane, to Present at the LD Micro ‘Sweet Sixteen’ Main Event XVI

Retrieved on: 
Monday, October 2, 2023
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BOCA RATON, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced today that NewtekOne’s CEO and President, Barry Sloane, will present at the LD Micro ‘Sweet Sixteen’ Main Event XVI tomorrow, Tuesday, October 3, 2023 at 8:00 AM PDT (11:00 AM EDT), Track 1, at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.

Key Points: 
  • BOCA RATON, Fla., Oct. 02, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (Nasdaq: NEWT), announced today that NewtekOne’s CEO and President, Barry Sloane, will present at the LD Micro ‘Sweet Sixteen’ Main Event XVI tomorrow, Tuesday, October 3, 2023 at 8:00 AM PDT (11:00 AM EDT), Track 1, at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.
  • The livestream of the presentation and the question-and-answer session can be accessed in the 'Events & Presentations' section of the 'Investor Relations' portion of Newtek's website at NewtekOne Events and Presentations .
  • A replay of the presentation will be available in the same location on Newtek's website after the completion of the live event and will be available for a period of 90 days thereafter.

NewtekOne, Inc. Achieves Record SBA 7(a) Loan Closings in the Third Quarter 2023

Retrieved on: 
Monday, October 2, 2023
Government, SBA, Organization, Growth, BOCA, NEWT, C&I, NewTek, Bank

In addition, Newtek Bank closed a record 517 SBA 7(a) loan units for the three months ended September 30, 2023, an increase of 45.6% compared to 355 SBA 7(a) loan units closed by the Company for the same period in 2022.

Key Points: 
  • In addition, Newtek Bank closed a record 517 SBA 7(a) loan units for the three months ended September 30, 2023, an increase of 45.6% compared to 355 SBA 7(a) loan units closed by the Company for the same period in 2022.
  • Correspondingly, we also achieved a record in closed SBA 7(a) loan units for the third quarter 2023 of 517 units; 45.6% higher compared to the same period last year.
  • Total closed loan units for all loan products Company-wide produced strong growth as well reaching 541 units in the third quarter 2023, compared to 368 loan units in the third quarter 2022.
  • As one can clearly see with our record SBA 7(a) closings, we were able to manage and navigate these challenges in the third quarter 2023, and believe that we will continue full steam ahead for the fourth quarter 2023 for loan production and closings.

NewtekOne, Inc. Announces that its Bank Subsidiary, Newtek Bank, N.A., has Declared a Dividend of $2.0 Million Payable to NewtekOne, Inc.

Retrieved on: 
Monday, August 21, 2023
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BOCA RATON, Fla., Aug. 21, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that the Board of Directors of its bank subsidiary, Newtek Bank, N.A,.

Key Points: 
  • BOCA RATON, Fla., Aug. 21, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that the Board of Directors of its bank subsidiary, Newtek Bank, N.A,.
  • has declared a dividend of $2.0 million, payable to NewtekOne.
  • Barry Sloane, Chairman, President and Chief Executive Officer said, “We are pleased to report that the Board of Directors of Newtek Bank has declared a $2.0 million dividend, payable to NewtekOne, Newtek Bank’s publicly traded financial holding company.
  • These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances.

Newtek Bank, N.A. Hires Mr. Burt Chandler as Director of Operations

Retrieved on: 
Monday, July 24, 2023
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has recruited Mr. Burt Chandler as Director of Operations, effective today.

Key Points: 
  • has recruited Mr. Burt Chandler as Director of Operations, effective today.
  • Mr. Chandler comes to Newtek Bank with over 35 years of banking experience across all facets of banking operations.
  • Mr. Chandler most recently was the Senior Vice President and Director of Central Deposit Operations at BancorpSouth/Cadence Bank, where he managed all aspects of deposit operations as well as led many projects including debit card initiatives.
  • We believe Burt is the perfect choice to lead Newtek Bank’s banking operations and will be an asset to our already-talented management team.

NewtekOne Reports Record Number of SBA 7(a) Loans Funded For the Second Quarter 2023

Retrieved on: 
Wednesday, July 5, 2023
One Solution, BOCA, National bank, SMB, Annual report, Risk, SBA, NSBF, Growth, Security (finance), NEWT, Environment, NewTek, Bank

Newtek Bank had $103.2 million and $106.1 million, respectively, of newly approved and pending closing SBA 7(a) loans in the months of May 2023 and June 2023.

Key Points: 
  • Newtek Bank had $103.2 million and $106.1 million, respectively, of newly approved and pending closing SBA 7(a) loans in the months of May 2023 and June 2023.
  • The Company is reaffirming its 2023 SBA 7(a) loan funding forecast of $875 million, which would represent a 12.8% increase over 2022.
  • Additionally, total closings across all loan products reached $249.1 million for the three months ended June 30, 2023.
  • In April 2023, Newtek Bank began funding the SBA 7(a) loan origination pipeline transferred from NSBF.

NewtekOne, Inc. CEO, Barry Sloane, Comments on the Declaration of the Quarterly Dividend of $0.18 per Share

Retrieved on: 
Tuesday, June 27, 2023
One Solution, BOCA, SMB, Annual report, Risk, Security (finance), NEWT, NewTek, Management

Barry Sloane, Chairman, President and Chief Executive Officer, said, “We are pleased to report that the board has declared a dividend of $0.18 per share to be paid out of anticipated earnings from the second quarter 2023 as NewtekOne has continued to perform as a financial holding company.

Key Points: 
  • Barry Sloane, Chairman, President and Chief Executive Officer, said, “We are pleased to report that the board has declared a dividend of $0.18 per share to be paid out of anticipated earnings from the second quarter 2023 as NewtekOne has continued to perform as a financial holding company.
  • We look forward to reporting our second quarter 2023 financial results in early August.
  • These statements are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties.
  • Actual results may differ from those set forth in the forward-looking statements.