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Dec 31, 2023
Newtekone Q4 2023 Earnings Report
NewtekOne reported financial results for Q4 2023, marking its third full quarter as a financial holding company.
Key Takeaways
NewtekOne reported a net income of $13.4 million, or $0.53 per basic and diluted common share, for the three months ended December 31, 2023. The company's total assets remained relatively consistent at $1.4 billion, while loans held for investment increased by 4.2% to $806.8 million.
Net income was $13.4 million, or $0.53 per basic and diluted common share.
Net interest income increased by 2.5% to $8.3 million.
Total assets remained relatively consistent at $1.4 billion.
Total SBA 7(a) loan fundings were $260.7 million.
Newtekone
Newtekone
Forward Guidance
NewtekOne is forecasting full year 2024 EPS in a range of $1.80 to $2.00 per basic and diluted common share, which would represent a 13.1% increase from full year 2023 EPS of $1.70 from the midpoint of the full year 2024 forecasted range.