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Jun 30, 2023
Newtekone Q2 2023 Earnings Report
Reported financial and operating results for the second quarter of 2023.
Key Takeaways
NewtekOne reported a net income of $6.9 million, or $0.26 per basic common share, for the three months ended June 30, 2023, meeting its previously issued forecast. Total assets reached $1.4 billion, and the company reiterated its full-year 2023 earnings forecast of $1.70 to $2.00 per share.
Net income was $6.9 million, or $0.26 per basic common share, for the three months ended June 30, 2023.
Net interest income was $5.7 million for the three months ended June 30, 2023.
Total assets were $1.4 billion at June 30, 2023.
Total commercial loan closings were $251.2 million for the three months ended June 30, 2023.
Forward Guidance
NewtekOne is maintaining its 2023 earnings guidance of $1.70 to $2.00 earnings per share and anticipates results for the second half of 2023 to exceed the results of the first six months of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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