Newtek Bank, N.A. Achieves 11.7% Deposit Growth in the Third 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. 08, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ: NEWT) announced today that it expects to report deposits at Newtek Bank, N.A. of $742 million as of September 30, 2024; an expected sequential increase of 11.7% over $664 million at June 30, 2024, and an increase of 43% over $519 million at December 31, 2023. Insured deposits are expected to represent approximately 75% of total deposits at September 30, 2024. In the all-important category of business core deposits, we expect to finish the third quarter 2024 at $119 million; an increase of $37 million, or 45%. Deposits received from our lending clients are expected to finish the third quarter 2024 at $78 million, an increase of $30 million sequentially from the prior quarter. Barry Sloane, President, Chairman and CEO commented, “We are pleased that we continue to show deposit growth sequentially from the second quarter of 2024 through the third quarter of 2024. When Jennifer Merritt joined Newtek Bank as Ch
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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