NewtekOne, Inc. Achieves 17.3% Sequential Growth in Record Total Loan Closings in the Third Quarter 2024 over the Second Quarter 2024
NewtekOne, Inc. (NEWT)
Last newtekone, inc. earnings: 11/6 04:05 pm
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US:NASDAQ Investor Relations:
investor.newtekbusinessservices.com
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Source: GlobeNewswire
BOCA RATON, Fla., Oct. 03, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) announced today that NewtekOne closed a record $371.8 million of loans across all loan products for the three months ended September 30, 2024, which represents an 17.3% increase over $316.7 million of loans closed for the three months ended June 30, 2024. In addition, the Company achieved SBA 7(a) closings of $245.3 million in the third quarter 2024, a 6.6% increase over the second quarter of 2024, and a 12.5% increase over the same period last year. The Company forecasts $935.0 million in total SBA 7(a) loan closings for 2024, which would represent a 14.7% increase over 2023. Barry Sloane, President, Chairman and CEO said, “In an economy and banking environment that is basically providing almost zero loan growth on the balance sheets of most financial institutions, NewtekOne is proud that our 20-year history and technology-enabled customer-acquisition and loan-processing capabilities, we believe tha
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NEWT
News
- Newtek Bank, N.A. Launches Newtek Zero-Fee Business Banking™GlobeNewswire
- NewtekOne, Inc.’s, CEO, Barry Sloane, Interviewed at the LD Micro Main Event XVII Investor ConferenceGlobeNewswire
- NewtekOne, Inc. (NASDAQ: NEWT) had its price target raised by analysts at Piper Sandler from $13.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- NewtekOne, Inc. (NASDAQ: NEWT) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $15.00 price target on the stock, up previously from $13.00.MarketBeat
- NewtekOne, Inc. Reports Third Quarter 2024 Earnings of $0.45 per Basic and Diluted Common ShareGlobeNewswire
NEWT
Earnings
- 11/6/24 - Beat
NEWT
Sec Filings
- 11/18/24 - Form 4
- 11/12/24 - Form 10-Q
- 11/7/24 - Form 3
- NEWT's page on the SEC website