Newtekone, INC 8-K filings

NewtekOne, Inc. has amended and restated its equity distribution agreement, increasing the number of common shares available for sale through its at-the-market offering from 3 million to 5 million and expanding its network of placement agents.

NewtekOne announces solid first quarter 2025 results, with diluted EPS of $0.35, surpassing the projected range of $0.28-$0.32.

NewtekOne, Inc. announces the successful closing of a securitization involving $184.4 million of its originated alternative loan program (ALP) loans.

NewtekOne announces the resignation of Newtek Bank's President and COO, the appointment of a new Bank President, the appointment of a new Company CFO, and the renewal of the Chief Legal Officer's employment agreement.

NewtekOne reports positive loan and deposit growth for Q1 2025 and reiterates its full-year EPS guidance.

Salvatore Mulia retires from NewtekOne's Board of Directors, leading to a reduction in board size and a change in the Audit Committee composition, effective April 1, 2025.

NewtekOne, Inc. announces a quarterly cash dividend of $0.19 per share on its outstanding common stock.

NewtekOne, Inc. successfully closed a $30 million private placement offering of 8.375% notes due in 2030 to refinance debt and for general corporate purposes.

NewtekOne announces full year 2024 earnings of $1.97 per basic share and raises its full year 2025 earnings forecast to a range of $2.10 to $2.50 per basic and diluted common share.

Newtek Bank, a subsidiary of NewtekOne, Inc., has reached over $1 billion in total deposits, marking a significant growth of $884 million since its acquisition two years ago.

NewtekOne, Inc. has amended its employment agreement with CEO Barry Sloane, extending his term through March 31, 2026, and increasing his annual base salary to $1 million.

NewtekOne has finalized the sale of its Newtek Technology Solutions subsidiary to Paltalk for a combination of cash, preferred stock, and a potential earn-out.

NewtekOne's Board of Directors has declared a quarterly cash dividend of $0.19 per share, payable on January 13, 2025, to shareholders of record as of December 31, 2024.

NewtekOne has successfully extended the maturity date of its 8.125% Senior Notes from February 1, 2025, to February 1, 2027, through an exchange agreement with noteholders.

NewtekOne projects originating $1.4 billion in business loans in 2024 and $1.9 billion in 2025, representing a 36% increase year-over-year.

NewtekOne announced third quarter 2024 earnings of $0.45 per share, demonstrating growth in deposits, loans, and its payments segment.

NewtekOne's board has authorized a stock repurchase program for up to 1 million shares over the next year.

NewtekOne has appointed Craig CJ Brunet, a seasoned technology and financial services expert, to its Board of Directors, increasing the board size to eight members.

Newtek Bank, N.A. reports a significant 11.7% increase in total deposits and a 45% jump in business core deposits for the third quarter of 2024.

NewtekOne reports a 17.3% sequential increase in total loan closings in Q3 2024 compared to Q2 2024, reaching a record $371.8 million.

NewtekOne, Inc. has declared a quarterly dividend of $0.19 per share for its common stock.

NewtekOne, Inc. successfully closed a $75 million offering of 8.625% senior notes due in 2029, with proceeds intended for investments, debt repayment, and general corporate purposes.

NewtekOne, Inc. has entered into an agreement to issue $75 million in 8.625% fixed-rate senior notes due 2029, with an option for underwriters to purchase an additional $11.25 million.

NewtekOne has agreed to sell its Newtek Technology Solutions subsidiary to Paltalk for a combination of cash and stock, marking a significant strategic shift for the company.

NewtekOne announced a 59.3% increase in earnings per share for the second quarter of 2024 compared to the same period last year, while maintaining its full-year EPS forecast.

NewtekOne's joint venture has successfully completed a $154.32 million securitization of alternative business loans, demonstrating strong investor demand and favorable ratings.

NewtekOne, Inc. has announced a quarterly cash dividend of $0.19 per share, payable on July 19, 2024, to shareholders of record as of July 9, 2024.

NewtekOne's shareholders approved key proposals at their annual meeting, including an amendment to the company's charter allowing shareholders to amend bylaws.

NewtekOne, Inc. will host an Analyst and Investor Day on June 13, 2024, at its headquarters in Boca Raton, Florida, with a live webcast available.

NewtekOne, Inc. successfully closed a $62.5 million offering of 8.50% senior notes due 2029, with underwriters fully exercising their option for an additional $9.375 million.