NewtekOne (NEWT) Reconfirms its 2024 Annual EPS Forecast

NewtekOne, Inc. (NASDAQ: NEWT) announced today that it is reconfirming its 2024 annual earnings per share (“EPS”) forecast in a range of $1.85 to $2.05 per basic and diluted common share.

Barry Sloane, Chairman, President and Chief Executive Officer said, “Despite a challenging, volatile equity market for financially related businesses, we continue to be proud of our management team for executing on our goals and metrics, satisfying the needs of our business clients and fostering the continued growth of our business model. As a company that provides best-in-class financial and business solutions to make its clients more successful, we are continuing to witness a tremendous appetite from the small- and medium-sized business (SMB) community to engage with us about how we can help SMBs grow their revenues, reduce their expenses, reduce their risk, and improve their operational efficiencies. As such, we remain comfortable with our previously issued 2024 annual EPS guidance in a range of $1.85 to $2.05 per basic and diluted common share. Additionally, we anticipate providing our 2025 business projections during our third quarter 2024 earnings conference call in early November, which we believe will continue to illustrate the growth trajectory of our business model.”

About NewtekOne, Inc.

NewtekOne^®, Your Business Solutions Company^®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek^® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses and reduce their risk.

NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

Newtek^®, NewtekOne^®, Newtek Bank^®, National Association, Your Business Solutions Company^®, One Solution for All Your Business Needs^® and Newtek Advantage are registered trademarks of NewtekOne, Inc.

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