Added to YB: 2024-03-06
Pitch date: 2024-03-06
NEWT [bullish]
NewtekOne, Inc.
+14.45%
current return
Author Info
No bio for this author
Company Info
NewtekOne, Inc. operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market.
Market Cap
$296.7M
Pitch Price
$10.42
Price Target
N/A
Dividend
7.40%
EV/EBITDA
4.62
P/E
4.60
EV/Sales
2.38
Sector
Financial Services
Category
growth
NewtekOne's Positive Full-Year Performance and Growth Prospects
NEWT Q4 earnings impress: EPS $0.53 (+20.5% QoQ), NII $8.3M (+2.5% QoQ). FY23 EPS $1.70, in line with guidance. 2024 forecast: $1.80-$2.00 EPS (+11% at midpoint). $1.4B assets, $806.8M loans (+4.2% QoQ), 2.83% NIM (+4.4% QoQ). Confident in double-digit growth.
Read full article (2 min)