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Dec 31, 2021
Newtekone Q4 2021 Earnings Report
Announced financial and operating results for twelve months ended December 31, 2021.
Key Takeaways
Newtek Business Services Corp. reported record SBA 7(a) loan fundings of $198.0 million in the fourth quarter and $560.6 million for the full year 2021.
Total investment income of $108.5 million for the twelve months ended December 31, 2021.
Net investment income of $25.7 million, or $1.13 per share, for the twelve months ended December 31, 2021.
Adjusted net investment income of $79.1 million, or $3.47 per share, for the twelve months ended December 31, 2021.
Debt-to-equity ratio of 1.19x at December 31, 2021.
Forward Guidance
NSBF forecasts funding approximately $750 million of SBA 7(a) loans for the full year 2022. NBL forecasts funding and/or closing approximately $150 million SBA 504 loans for the full year 2022, which would represent an 66.5% increase over 2021 SBA 504 fundings and/or closings at the midpoint of the 2022 forecasted range.
Historical Earnings Impact
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