NewtekOne, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 09:33 pm
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NewtekOne, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was USD 6.85 million compared to USD 13.52 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.56 a year ago.
For the six months, net income was USD 18.57 million compared to USD 23.17 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to USD 0.96 a year ago. Diluted earnings per share from continuing operations was USD 0.72 compared to USD 0.96 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.