NASDAQ$NEWT
Newtekone Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported first quarter results as a financial holding company, exceeding EPS forecast and reiterating full year guidance.
NewtekOne reported a net income of $11.7 million, or $0.46 per basic share, for the first quarter of 2023, exceeding its previously stated forecast of $0.41 per basic share. The company reiterated its full year 2023 earnings forecast in a range of $1.70 to $2.00 per share.
- Net income for Q1 2023 was $11.7 million, or $0.46 per basic common share, exceeding the forecast of $0.41.
- The company reiterated its full year 2023 earnings forecast in a range of $1.70 to $2.00 per share.
- Total commercial loan closings increased by 12.5% compared to Q1 2022, reaching $228.9 million.
- Newtek Bank's deposit base increased by 121% from December 31, 2022, to approximately $310 million by April 28, 2023.
Headline financials
Revenue & EPS history
Newtekone · Revenue · Quarterly
$47.4M
Forward guidance
The Company is reiterating previously issued earnings forecast for the full year 2023 in a range of $1.70 to $2.00 of earnings per share.
Tailwinds
- Reiterating previously issued earnings forecast for the full year 2023 in a range of $1.70 to $2.00 of earnings per share.
- Credit risk and duration risk are exceptionally well managed in our business model and strategy.
- The types of assets that we are able to generate, and have done so for over two decades, can produce generous risk-adjusted margins on a floating-rate basis
- Newtek Bank increased its deposit base by 121% from December 31, 2022 to approximately $310 million year to date through April 28, 2023
- Increased total commercial loan originations by 12.5% to $228.9 million in the first quarter of 2023, compared to the first quarter of 2022, on a consolidated basis
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.8%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+3.6%
Avg return
30 days after
52%
33 / 63 earnings
Positive
+10.7%
Q2 2013
Best reaction
-19.8%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.9% | +3.9% | +6.9% | |
| Q4 2025 | -4.2% | +6.3% | +18.2% | |
| Q3 2025 | -3.3% | -0.6% | +1.2% | |
| Q4 2024 | +6.5% | -15.6% | -12.0% | |
| Q3 2024 | +7.8% | +17.1% | +6.4% | |
| Q2 2024 | -3.5% | -6.4% | -11.6% | |
| Q1 2024 | +10.5% | +14.5% | +18.7% | |
| Q4 2023 | +5.2% | +4.4% | +9.6% | |
| Q3 2023 | -10.3% | -11.0% | -8.0% | |
| Q2 2023 | +3.7% | +7.2% | -1.4% | |
| Q1 2023 | +2.6% | -5.4% | +30.1% | |
| Q4 2022 | -19.8% | -17.9% | -31.5% | |
| Q3 2022 | +4.6% | +2.8% | +15.2% | |
| Q2 2022 | -0.0% | +6.1% | +0.5% | |
| Q1 2022 | -0.1% | -1.7% | -2.9% | |
| Q4 2021 | -1.8% | +3.9% | +3.5% | |
| Q3 2021 | -8.5% | -5.7% | -4.4% | |
| Q2 2021 | +1.2% | +8.1% | +11.8% | |
| Q1 2021 | +2.5% | +9.1% | +33.8% | |
| Q4 2020 | -0.3% | +3.6% | +4.8% | |
| Q3 2020 | -0.9% | +0.8% | +7.9% | |
| Q2 2020 | -0.3% | +2.8% | -1.7% | |
| Q1 2020 | +1.4% | +2.5% | +22.3% | |
| Q4 2019 | -4.2% | -16.5% | -45.7% | |
| Q3 2019 | +1.7% | +0.4% | +4.8% | |
| Q2 2019 | -0.2% | +2.0% | +11.2% | |
| Q1 2019 | +5.9% | +9.8% | +0.8% | |
| Q4 2018 | -0.6% | +0.3% | +5.2% | |
| Q3 2018 | +3.9% | -0.2% | +0.8% | |
| Q2 2018 | +0.5% | +3.4% | +10.2% | |
| Q1 2018 | +3.7% | +4.4% | +13.5% | |
| Q4 2017 | +4.4% | +7.9% | +4.9% | |
| Q3 2017 | -2.5% | -1.9% | +2.7% | |
| Q2 2017 | +1.2% | +1.4% | +2.1% | |
| Q1 2017 | +4.3% | +3.1% | +5.5% | |
| Q4 2016 | -1.3% | +3.3% | -1.5% | |
| Q3 2016 | -5.2% | -1.2% | +1.5% | |
| Q2 2016 | -0.9% | -2.8% | +3.7% | |
| Q1 2016 | +4.4% | — | — | |
| Q4 2015 | +10.6% | — | — | |
| Q3 2015 | +1.2% | — | — | |
| Q2 2015 | -1.0% | — | — | |
| Q1 2015 | +3.2% | — | — | |
| Q4 2014 | -5.5% | — | — | |
| Q3 2014 | +4.3% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | -3.7% | — | — | |
| Q4 2013 | -0.4% | — | — | |
| Q3 2013 | +1.0% | — | — | |
| Q2 2013 | +10.7% | — | — | |
| Q1 2013 | +3.4% | — | — | |
| Q4 2012 | +4.3% | — | — | |
| Q3 2012 | -1.1% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2012 | +5.3% | — | — | |
| Q4 2011 | +2.6% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q2 2011 | -4.6% | — | — | |
| Q1 2011 | -3.0% | — | — | |
| Q4 2010 | +1.8% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q2 2010 | +5.1% | — | — | |
| Q1 2010 | +5.9% | — | — |
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