Newtek (NEWT) delivered earnings and revenue surprises of 22.95% and 4.63%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Record SBA 7(a) Loan Fundings Increased by 112.8% in the Second Quarter of 2022 Over the Same Period Last YearBOCA RATON, Fla., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (“Newtek” or the “Company”) (Nasdaq: NEWT), an internally managed business development company (“BDC”), announced today its financial and operating results for three and six months ended June 30, 2022. Barry Sloane, Chairman, President and Chief Executive Officer said, “We are very pleased to report our re
BOCA RATON, Fla., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that it has provided an illustration of certain financial targets, including earnings and capital levels, as to what Newtek might look like in 2023 as a bank holding company, if the Company were to receive regulatory approvals and close the acquisition of the National Bank of New York City (“NBNYC”). This illustration can