NewtekOne, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 05:14 pm EST
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NewtekOne, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was USD 9.97 million compared to USD 11.36 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 0.47 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.47 a year ago.
For the nine months, net income was USD 28.55 million compared to USD 34.53 million a year ago. Basic earnings per share from continuing operations was USD 1.06 compared to USD 1.43 a year ago. Diluted earnings per share from continuing operations was USD 1.06 compared to USD 1.43 a year ago.
NewtekOne, Inc. (NewtekOne) is a financial holding company. The Company provides a range of business and financial solutions under the Newtek brand to the small and medium-sized business (SMB) market. NewtekOneâs business and financial solutions include complete lending solutions, account receivable lines of credit, small balance unsecured term loans, electronic payment processing and tablet-based payment, processing solutions, mobile payment processing solutions, payroll and benefit processing solutions, Web design and full e-commerce business solutions, health insurance and benefits, commercial/personal insurance, complete information technology (IT) solutions, and the cloud-based operating platform. The Companyâs registered trademarks include Newtek, NewtekOne, Newtek Bank, National Association, Your Business Solutions Company, and One Solution for All Your Business Needs. The Company serves approximately 50 states.