NewtekOne Q4 Earnings Fall Short; Provides FY24 Forecast
Wednesday, 6 March 2024, 05:46
NewtekOne Q4 Earnings Report
NewtekOne's Q4 financial results were below expectations, with a GAAP EPS of $0.53, missing estimates by $0.05. The revenue stood at $57.53M, reflecting a substantial 143.4% year-over-year growth but falling short by $3.1M.
Key Highlights:
- Revenue Miss: $3.1M below expectations
- ROTCE: Reported at 20.4% for Q4
NewtekOne's performance indicates room for improvement in meeting market expectations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.