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Newtek Business (NEWT)
NASDAQ:NEWT
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.66Last Year’s EPS
0.53Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -7.23%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with earnings and revenue exceeding expectations and robust growth in several key areas, despite some concerns over credit provisions and nonaccrual loans. Overall, management expressed confidence in their differentiated business model and future growth prospects.Company Guidance
During the NewtekOne, Inc. Third Quarter 2024 Earnings Conference Call, Barry Sloane, CEO and President, reported $0.45 earnings per share for the quarter, with a tax adjustment that could have increased it to $0.47, surpassing the Street consensus of $0.43. The company reconfirmed its 2025 guidance, projecting earnings per share between $2.00 and $2.25, with a midpoint of $2.125, above the Street consensus of $2.07. Key metrics highlighted included a return on average assets of 2.8% at the holding company, loan growth of 17% at the bank, and a net interest margin of 5.29%. Additionally, Newtek booked a $6.9 million provision, focusing on risk-adjusted returns as a core strategy, and completed a public offering of $75 million in bonds with a BBB+ rating. The company's efficiency ratio was noted at 39%, and it achieved significant growth in business deposits and alternative loan programs, supporting its strategic focus on customer-centric, technology-driven financial solutions.Earnings Beat and Guidance
Reported $0.45 earnings per share for Q3, exceeding consensus of $0.43. Without a tax charge, earnings would have been $0.47. Provided 2025 EPS guidance of $2 to $2.25, above Street consensus of $2.07.
Strong Financial Metrics
Return on average assets at 2.8%, nearly 3x the peer median. Net interest margin at the bank was 5.29%, with a 17% loan growth and 12% deposit growth.
Efficient Operations
Efficiency ratio at 39%, significantly better than industry norms. High non-interest income at 65-70% of total income, reducing reliance on interest rate fluctuations.
Payments Segment Growth
Payments segment pre-tax income up 32.5% for the quarter and 43% for the first 9 months of 2024. Forecasted growth continues into 2025.
Successful Debt Offering
Completed a $75 million bond offering with 8.625% coupon, rated BBB+ with a positive outlook by Egan-Jones.
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NEWT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NEWT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $14.38 | $14.02 | -2.50% |
| Aug 05, 2024 | $12.13 | $12.23 | +0.82% |
| May 06, 2024 | $10.59 | $11.79 | +11.33% |
| Mar 06, 2024 | $10.47 | $10.95 | +4.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Newtek Business (NEWT) report earnings?
Newtek Business (NEWT) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Newtek Business (NEWT) earnings time?
Newtek Business (NEWT) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEWT EPS forecast?
NEWT EPS forecast for the fiscal quarter 2024 (Q4) is 0.66.
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