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Dec 31, 2024
Newtekone Q4 2024 Earnings Report
NewtekOne reported its financial and operating results for the three and twelve months ended December 31, 2024.
Key Takeaways
NewtekOne, Inc. reported a significant increase in net income and EPS for the fourth quarter of 2024, with net income reaching $18.3 million and EPS at $0.70 basic and $0.69 diluted. The company also saw substantial growth in total assets and loans held for investment, while raising its full-year 2025 earnings forecast.
Net income increased by 55.6% on a per share basis compared to the previous quarter and 62.8% compared to the same quarter last year.
Total assets grew by 50.0% from December 31, 2023, reaching $2.1 billion.
Loans held for investment increased by 23.0% year-over-year to $991.4 million.
The company raised its full-year 2025 EPS forecast range to $2.10 to $2.50 per basic and diluted common share.
Forward Guidance
NewtekOne raised its full-year 2025 EPS forecast range to $2.10 to $2.50 per basic and diluted common share, reflecting anticipated growth in earnings and a unique performance model.
Positive Outlook
- Raised 2025 annual EPS forecast range to $2.10 to $2.50 per basic and diluted common share.
- Anticipates generating $500 million of new originations in the ALP loan portfolio in 2025.
- Expects third ALP securitization to occur during the first half of 2025.
- Forecasts $1.0 billion in total SBA 7(a) loan closings for 2025, representing a 6.0% increase over 2024.
- Objective to maintain current dividend payout, with current dividend yield tracking between 5% and 6%.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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