NewtekOne, Inc. Forecasts Originating Approximately $1.4 Billion in Business Loans in 2024
NewtekOne (NASDAQ: NEWT) has reaffirmed its forecast to originate approximately $1.4 billion in business loans in 2024 across various loan products. The company projects $1.9 billion in business loans for 2025, representing a 36% increase.
The loan portfolio includes SBA 7(a), SBA 504, alternative loan program, CRE conforming, and C&I conforming loans. Most growth in 2025 is expected from alternative loans, CRE conforming loans, C&I conforming loans, and SBA 504 loans. The company maintains its EPS forecast of $1.85-$2.05 for 2024 and $2.00-$2.25 for 2025.
NewtekOne (NASDAQ: NEWT) ha confermato la sua previsione di originare circa 1,4 miliardi di dollari in prestiti commerciali nel 2024 attraverso vari prodotti di prestito. L'azienda prevede 1,9 miliardi di dollari in prestiti commerciali per il 2025, rappresentando un 36% di aumento.
Il portafoglio prestiti include prestiti SBA 7(a), SBA 504, programmi di prestito alternativi, prestiti conformi CRE e prestiti conformi C&I. Si prevede che la maggior parte della crescita nel 2025 provenga da prestiti alternativi, prestiti conformi CRE, prestiti conformi C&I e prestiti SBA 504. L'azienda mantiene la sua previsione di EPS di $1.85-$2.05 per il 2024 e $2.00-$2.25 per il 2025.
NewtekOne (NASDAQ: NEWT) ha reafirmado su pronóstico de originar aproximadamente 1.4 mil millones de dólares en préstamos comerciales en 2024 a través de varios productos de préstamo. La compañía proyecta 1.9 mil millones de dólares en préstamos comerciales para 2025, lo que representa un 36% de aumento.
La cartera de préstamos incluye préstamos SBA 7(a), SBA 504, programas de préstamos alternativos, préstamos conformes CRE y préstamos conformes C&I. Se espera que la mayor parte del crecimiento en 2025 provenga de préstamos alternativos, préstamos conformes CRE, préstamos conformes C&I y préstamos SBA 504. La empresa mantiene su pronóstico de EPS de $1.85-$2.05 para 2024 y $2.00-$2.25 para 2025.
뉴텍원(NewtekOne) (NASDAQ: NEWT)은 2024년 동안 다양한 대출 상품을 통해 약 14억 달러의 상업 대출을 발행할 것이라는 예측을 재확인했습니다. 이 회사는 2025년에 19억 달러의 상업 대출을 예상하며, 이는 36%의 증가를 나타냅니다.
대출 포트폴리오는 SBA 7(a), SBA 504, 대체 대출 프로그램, CRE 적합 대출, C&I 적합 대출을 포함합니다. 2025년에는 대체 대출, CRE 적합 대출, C&I 적합 대출 및 SBA 504 대출에서 가장 많은 성장을 기대하고 있습니다. 회사는 2024년 EPS 전망을 $1.85-$2.05, 2025년에는 $2.00-$2.25로 유지합니다.
NewtekOne (NASDAQ: NEWT) a réaffirmé sa prévision de générer environ 1,4 milliard de dollars de prêts commerciaux en 2024 à travers divers produits de prêt. La société prévoit 1,9 milliard de dollars de prêts commerciaux pour 2025, représentant une augmentation de 36%.
Le portefeuille de prêts comprend des prêts SBA 7(a), SBA 504, un programme de prêts alternatifs, des prêts conformes CRE et des prêts conformes C&I. La plus grande partie de la croissance en 2025 est attendue des prêts alternatifs, des prêts conformes CRE, des prêts conformes C&I et des prêts SBA 504. L’entreprise maintient sa prévision de BPA de 1,85 $ à 2,05 $ pour 2024 et de 2,00 $ à 2,25 $ pour 2025.
NewtekOne (NASDAQ: NEWT) hat seine Prognose bekräftigt, im Jahr 2024 etwa 1,4 Milliarden Dollar an Geschäftsdarlehen aus verschiedenen Darlehensprodukten zu vergeben. Das Unternehmen rechnet für 2025 mit 1,9 Milliarden Dollar an Geschäftsdarlehen, was einen 36% Anstieg darstellt.
Das Darlehensportfolio umfasst SBA 7(a), SBA 504, alternative Darlehensprogramme, CRE-konforme Darlehen und C&I-konforme Darlehen. Für 2025 wird das größte Wachstum aus alternativen Darlehen, CRE-konformen Darlehen, C&I-konformen Darlehen und SBA 504-Darlehen erwartet. Das Unternehmen hält an seiner EPS-Prognose von $1.85-$2.05 für 2024 und $2.00-$2.25 für 2025 fest.
- Projected 36% increase in loan originations from $1.4B in 2024 to $1.9B in 2025
- Diversified loan portfolio across multiple products reducing risk exposure
- 75% of SBA 7(a) loan originations are sold off balance sheet with gains recorded
- Loan servicing portfolio exceeds $3.5B
- Strong deal flow with 600-900 daily business referrals
- Ceased originating SBA 7(a) loans at Newtek Small Business Finance in Q2 2023
- Fair value accounting on holding company loans may impact financial statements
Insights
In 2025, NewtekOne, Inc. Forecasts Originating Approximately
BOCA RATON, Fla., Dec. 06, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“the Company”) (NASDAQ: NEWT) announced today that it reaffirmed its forecast to originate approximately
The following table breaks down the full year 2024 and full year 2025 loan origination forecasts for each loan category, on a consolidated basis, and the corresponding year-over-year forecasted growth.
| Loan Type | FY 2024 Loan Origination Forecast | FY 2025 Loan Origination Forecast | Percentage Increase Full Year 2024 Loan Origination Forecast vs. Full Year 2025 Loan Origination Forecast | ||
| SBA 7(a) | $ | 935.0 | $ | 1,000.0 | |
| SBA 504 | $ | 125.0 | $ | 250.0 | |
| Alternative Loan Program Loans | $ | 250.0 | $ | 500.0 | |
| CRE Conforming Loans | $ | 60.0 | $ | 100.0 | |
| C&I Conforming Loans | $ | 35.0 | $ | 60.0 | |
| Total | $ | 1,405.0 | $ | 1,910.0 | |
| *Forecasts in millions | |||||
Barry Sloane, President, Chairman and CEO said, “We are extremely pleased with the progress we have made as we approach the first two full years of operating our federally regulated bank holding company, NewtekOne, Inc., and our OCC-regulated nationally chartered bank, Newtek Bank N.A. We believe the economy continues to be quite strong with only some pockets of weakness, which are well within our loss expectations, however our success in originating loans, both within the bank, funded by deposits, as well as at the bank holding company, primarily funded by securitizations and other secured debt, is part of our overall strategy to provide a best-in-class loan solution to our clients led by our alternative loan program, SBA 504, and SBA 7(a) loan products. Through these three loan products, the bank holding company provides features to borrowers, generally not available from FDIC-insured regulated banking institutions. These features include 10- to 25-year amortization schedules without balloon payments to minimize monthly payments with elongated principal repayment terms. Essentially, we are trading the longer amortization periods without balloon payments for multiple personal guarantees from business owners and operators. These guarantees are not partial but full guarantees, and they are joint and several for the principal and interest on the loan. Business owners and guarantors are more than willing, with confidence, to personally guarantee these business loans for the flexibility we give them regarding dividend distribution, additional leverage, future acquisitions, and financial reporting that are typical friction points for borrowers with banks. For over two decades, we have had experience enforcing personal guarantees and liquidating collateral to recover amounts owed. On a consolidated basis, our loan servicing portfolio is in excess of
Mr. Sloane continued, “While some people refer to us as a Fintech company, we tend to reject that nomenclature as our organization thrives on people and process, while appropriately utilizing technology to exchange data with the client in a frictionless environment and enabling our internal staff to put together loan assembly and credit memos quickly and effortlessly, both of which, in turn, provide an enjoyable experience for our clients. On any given day, NewtekOne receives between 600 to 900 business referrals from contracted alliance partners and has accumulated approximately 2.5 million referrals in its database over its 20-year operating history. Independent businesses come to us for financing, and we provide the best solution for them with one of our many financing programs, which include SBA 7(a), SBA 504, alternative loan program solutions, conforming standard bank C&I loans, with full covenant packages due in three-to-five years, and conforming commercial real estate loans, with typical bank underwriting, balloon payments, lower margins, and lower levels of expected losses. The conforming C&I loans and conforming CRE loans will have lower expected losses and lower CECL reserves, as a percentage of loan balance, at Newtek Bank versus the SBA 7(a) product. This will give us a more diversified credit exposure portfolio at Newtek Bank.”
Mr. Sloane further commented, “Some of the things that you can anticipate going forward is a more diverse portfolio of loan types at Newtek Bank, which was part of our original multi-year plan that we submitted when applying to acquire National Bank of New York City. Our over two decades of lending experience has demonstrated that the best risk mitigation and management tools are led by diversification of industry type, credit type, geography, and diversified risk allocation. We are confident and look forward to continuing to demonstrate that we can be the premier lender that funds independent business owners in all 50 states, as well as providing our alliance partners, that don’t typically make or desire to make these types of loans, the ability to offer these types of loan products and reap the benefits of satisfying their customers’ needs using our frictionless client-acquisition and loan- application processing from A-to-Z. Our product set provides borrowers the flexibility and terms they desire to manage and run their business and grow their risk-adjusted returns. It is truly the only way to be able to provide loan products of the highest quality to our existing and potential clients, which then drives greater value to our shareholders and alliance partners. Simply put, we are different than the typical fintech lender or commercial financial institution that simply makes traditional loans with a smaller menu of options. It is also important to note that in the SBA 7(a) space,
Mr. Sloane concluded, “I believe it is important to reiterate that our loans held at the holding company are valued at fair value versus more traditional bank-holding-company accounting where loans are carried at amortized cost, net of deferred fees and costs and related credit loss reserves. Fair-value accounting has loss expectations on a go-forward basis embedded in the price at fair value. We will continue to provide additional disclosures to give investors and analysts a better understanding that the Company fully accounts for future losses and charge offs that it anticipates based on its 20-years’ worth of experience as one of the leading lenders to small business over its history. Lastly, we are maintaining our annual common and diluted earnings per share forecasts of
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.
Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
SOURCE: NewtekOne, Inc.
Investor Relations & Public Relations
Contact: Jayne Cavuoto
Telephone: (212) 273-8179 / jcavuoto@newtekone.com
FAQ
What is NewtekOne's (NEWT) loan origination forecast for 2024?
How much loan growth does NewtekOne (NEWT) expect in 2025?
What is NewtekOne's (NEWT) earnings per share forecast for 2024 and 2025?
What types of loans does NewtekOne (NEWT) offer?
