BOCA RATON, Fla., March 11, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) announced today that its payment processing subsidiary Newtek Merchant Solutions (“NMS”) has hired John O'Connor as Chief Revenue Officer. Initially, Mr. O'Connor will support NMS's efforts to make its merchant processing clients aware of the vast array of business and financial solutions offered by NewtekOne and its subsidiaries, including business checking and savings accounts with no fees and attractive interest rates. Most recently, Mr. O'Connor was chief growth officer for Nationwide TFS, LLC, a financial technology company and the largest electronic payments provider for the Chapter 13 bankruptcy industry. Prior to Nationwide TFS, John spent more than 30 years at Citigroup in various leadership roles responsible for directing the design and delivery of market programs at scale. Mr. O'Connor holds an M.B.A. from Hofstra University and a B.S. in business administration from Boston University School of Management.
BOCA RATON, Fla., March 05, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) announced today that Newtek Bank. N.A., the Company's bank subsidiary, has hired Vaibhav “Vik” Mahajan as Chief Investment Officer. Mr. Mahajan will be responsible for enhancing and optimizing Newtek Bank's execution of loan sales, including SBA 504 loans and the government-guaranteed portions of SBA 7(a) loans; in addition, he will run point on sourcing loan purchase and sale opportunities for Newtek Bank. With 25 years of experience in investment banking, financial services, and consulting, Vik brings a wealth of knowledge, experience, and contacts to Newtek Bank. Most recently, Mr. Mahajan was chief strategy officer and head of capital markets and data analytics for iCreditWorks where he led strategic initiatives across business expansion, commercial partnerships, and capital markets. Prior to iCreditWorks, Vik led the Financial Institutions Group (FIG) investment banking efforts at Deutsche Bank and Credit Suisse. Mr. Mahajan holds an M.B.A. from the University of Rochester's William E. Simon Graduate School of Business Administration and a B.S. in Mechanical engineering from the National Institute of Technology Karnataka, a top ten engineering school in India.
BOCA RATON, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) announced today it has hired Bryce Rowe as Vice President, Investor Relations. Mr. Rowe will assume responsibility for all aspects of the Company's investor relations functions. Mr. Rowe joins the Company with 25 years of experience as an equity research analyst covering small-cap banks and business development companies (BDCs). Most recently, Bryce was a senior equity research analyst at B. Riley Securities. Mr. Rowe holds a B.A. from the University of Virginia and was awarded the Chartered Financial Analyst (CFA) designation in 2003.
Call End: NewtekOne, Inc. (NASDAQ:NEWT ) Q4 2024 Earnings Conference Call February 27, 2025 08:30 AM ET Company Participants Barry Sloane - Founder, President & CEO Scott Price - CFO, NewtekOne & Newtek Bank National Association Conference Call Participants Crispin Love - Piper Sandler Steve Moss - Raymond James Tim Switzer - KBW Christopher Nolan - Ladenburg Thalmann Operator Good day, and thank you for standing by. Welcome to the NewtekOne, Inc. Fourth Quarter 2024 Earnings Conference Call.
Raises Full Year 2025 Earnings Forecast Range to $2.10 to $2.50 per Basic and Diluted Common Share Raises Full Year 2025 Earnings Forecast Range to $2.10 to $2.50 per Basic and Diluted Common Share
NewtekOne (NEWT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
NewtekOne's business model involves issuing loans, selling guaranteed portions, and securitizing unguaranteed portions, generating revenue via a high-risk, high-reward business model. Despite consistent 10% annual loan issuance growth, NewtekOne's valuation remains low at 7.5 P/E due to its unique business model and economic risk exposures. Transitioning to a bank holding company aims to reduce reliance on expensive notes and bonds, to leverage deposits to improve interest margins.
NewtekOne, Inc. (NASDAQ:NEWT ) Mergers & Acquisitions Conference Call January 2, 2025 4:15 PM ET Company Participants Barry Sloane - CEO and Chairman Jason Katz - CEO and Chairman, Paltalk IPM Conference Call Participants Harold Elish - UBS Financial Services Crispin Love - Piper Sandler Steve Moss - Raymond James Allen Klee - Maxim Group Christopher Nolan - Landenburg Thalmann & Company Bryce Rowe - B. Riley Nicholas Bruno - Raymond James Tim Switzer - KBW Operator Good day, and thank you for standing by.
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BOCA RATON, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“the Company”) (NASDAQ: NEWT) announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share on the outstanding common stock of NewtekOne. The dividend is payable on January 13, 2025, to shareholders of record as of December 31, 2024.