NewtekOne, Inc. Estimates $2.0 Million of Annual Expense Savings
Newtek Business Services Corp. (NEWT)
Last newtek business services corp. earnings: 11/6 04:05 pm
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US:NASDAQ Investor Relations:
investor.newtekbusinessservices.com
Company Research
Source: GlobeNewswire
BOCA RATON, Fla., April 14, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (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 bankers, brokers, or business development officers. The Company’s technology-enabled platform allows customer-facing, on-camera staff to gather deposits, originate loans, and provide vital business and financial solutions to clients. Barry Sloane, CEO, President and Chairman, said, “Today’s announcement further demonstrates our growth strategy that emphasizes technology to communicate and interact with our independent business owner clients
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NEWT
News
- NewtekOne, Inc. Declares Dividend on Series B Preferred SharesGlobeNewswire
- NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Common ShareGlobeNewswire
- NewtekOne, Inc. Commences Exchange Offer for 2026 NotesGlobeNewswire
- NewtekOne, Inc. Announces Investor/Analyst Day and Provides 4Q25 UpdateGlobeNewswire
- Newtek Merchant Solutions Hires Justine Martin as Chief Revenue OfficerGlobeNewswire
NEWT
Earnings
- 10/29/25 - Beat
NEWT
Analyst Actions
- 9/19/25 - Keefe, Bruyette & Woods
NEWT
Sec Filings
- 12/15/25 - Form 4
- 12/10/25 - Form 8-K
- 12/8/25 - Form 4
- NEWT's page on the SEC website