NewtekOne (NEWT) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.53 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for NewtekOne (NEWT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
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.
We search all sectors for the most undervalued preferred stocks and baby bonds. This article presents NewtekOne's NEWTH baby bond, which, I believe, is by far the best baby bond among banks with its 8.7% yield to maturity. Not only is the yield the highest of any bank bond that I follow, but NewtekOne also has the best balance sheet of any bank that I follow.
Investors need to pay close attention to NewtekOne (NEWT) stock based on the movements in the options market lately.
NewtekOne, Inc. (NASDAQ:NEWT ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Barry Sloane - Founder, President and CEO Scott Price - Chief Financial Officer, NewtekOne and Newtek Bank National Association Nicolas Young - President and COO, Newtek Bank Conference Call Participants Crispin Love - Piper Sandler Tim Switzer - KBW Steve Moss - Raymond James Christopher Nolan - Ladenburg Thalmann & Co. Operator Good day and thank you for standing by. Welcome to the NewtekOne, Inc. Third Quarter 2024 Earnings Conference Call.
The headline numbers for NewtekOne (NEWT) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
NewtekOne (NEWT) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.38 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for NewtekOne (NEWT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
We take a look at the action in preferreds and baby bonds through the third week of September and highlight some of the key themes we are watching. Preferred stocks had a strong week, driven by falling Treasury yields and stable spreads. Banks are reducing Tier 1 capital by redeeming callable preferreds, with JPMorgan planning a $1.6bn repayment in October.