NewtekOne: Q4 Financial Highlights
NewtekOne, Inc. Announces Fourth-Quarter Financial Results
NewtekOne, Inc., headquartered in Boca Raton, Florida, revealed a net income of $18.5 million for the fourth quarter.
The company reported earnings of $0.65 per share, aligning with the consensus forecast from Wall Street analysts.
According to data collected by Zacks Investment Research from three analysts, the expected earnings per share were also $0.65.
During the quarter, NewtekOne generated $100.8 million in total revenue. However, its adjusted revenue reached $73.3 million, falling short of the $81 million anticipated by analysts surveyed by Zacks.
For the full fiscal year, NewtekOne posted a profit of $58.2 million, translating to $2.18 per share, with total revenue amounting to $284.8 million.
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