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Newtek Business (NEWT)
NASDAQ:NEWT
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.35Last Year’s EPS
0.38Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -19.30%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
NewtekOne's earnings call highlighted strong financial performance with significant improvements in profitability and growth in loans and deposits. However, concerns over potential credit risks and macroeconomic challenges were noted. Despite these challenges, the company's positive earnings forecast suggests confidence in continued growth.Company Guidance
In the NewtekOne, Inc. Fourth Quarter 2024 Earnings Conference Call, the company provided robust guidance and highlighted several key metrics. Barry Sloane, President, Founder, and CEO, reported a 43% year-over-year increase in earnings per share, with earnings per share reaching $0.70 per basic and $0.69 per diluted share. Net interest income saw a 36% increase compared to the same period last year. Shareholders' equity grew by 19% to $296 million, while the company maintained a strong return on average assets (ROAA) of 6.3% and return on tangible common equity (ROTCE) of 48%. NewtekOne also reported a favorable efficiency ratio of 42%, contributing to its solid financial performance. The company anticipates 2025 earnings per share to be in the range of $2.10 to $2.50, projecting further growth driven by $1 billion in SBA 7(a) loan originations, with $750 million in guaranteed bonds expected for sale and $250 million to remain on the balance sheet.Strong Financial Performance
NewtekOne reported $0.70 per basic share and $0.69 per diluted share, marking a 43% improvement over the previous year and quarter. Net interest income increased by 36% over the same period a year earlier.
Growth in Loan and Deposit Accounts
The company showed strong loan and deposit growth with $269 million in loans for the year and core business deposits growing to $216 million, an increase of approximately $106 million from the previous year.
High ROAA and ROTCE
Newtek Bank reported a Return on Average Assets (ROAA) of 6.3% and a Return on Tangible Common Equity (ROTCE) of 48%, with an efficiency ratio of 42%, which are exceptionally strong metrics in the banking industry.
Positive Earnings Forecast
The company raised its earnings per share forecast for 2025 to a range of $2.10 to $2.50, up from a previous forecast of $2.00.
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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 |
|---|---|---|---|
| Feb 26, 2025 | $12.23 | $13.02 | +6.46% |
| 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% |
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 May 06, 2025, TBA Not Confirmed.
What is Newtek Business (NEWT) earnings time?
Newtek Business (NEWT) earnings time is at May 06, 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 2025 (Q1) is 0.35.
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