See more : Professional Computer Technology Limited (6270.TWO) Income Statement Analysis – Financial Results
Complete financial analysis of Newtek Business Services Corp. (NEWT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Newtek Business Services Corp., a leading company in the Asset Management industry within the Financial Services sector.
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Newtek Business Services Corp. (NEWT)
About Newtek Business Services Corp.
Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; second lien loans, which have terms of 5 to 25 years, and unsecured loans, which are provided to meet short-term funding needs and are repaid within 6 to 12 months. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides management services. Its electronic payment processing services include credit and debit card processing, check approval, ancillary processing equipment and software to merchants, eCommerce, electronic solutions to accept non-cash payments, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs. The company also provides Website hosting, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services; Accounts Receivable Financing, and The Secure Gateway. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The firm seeks to invest in New York and Louisiana area. The firm seeks to invest $0.3 million to $3 million in businesses. It provides small business terms loans ranging from $0.05 million to $10 million. The firm also provides account receivable financing ranging from $0.05 million to $1.5 million. It also provides $0.05 million to $10 million financing to owner occupied real estate businesses whose average net income over the last 2 years must not exceed $2.5 million. Newtek Business Services Corp.,was founded in 1998 and converted to a BDC company in 2014 and is headquartered in Boca Raton, Florida with additional offices in Lake Success, New York, Garden City, New York; Miami, Florida; Milwaukee, Wisconsin; New Orleans, Louisiana; and New York, New York.
Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 253.14M | 105.17M | 147.76M | 74.96M | 88.79M | 77.69M | 76.55M | 64.22M | 62.37M | 130.11M | 136.53M | 131.13M | 116.30M | 111.77M | 96.26M | 87.99M | 78.79M | 71.62M | 96.80M | 70.18M | 60.49M | 34.62M | 23.80M | 8.71M | 11.88M |
Cost of Revenue | 44.30M | 20.19M | 29.81M | 18.69M | 14.31M | 21.08M | 19.29M | 15.23M | 12.75M | 66.96M | 100.12M | 94.50M | 69.15M | 68.19M | 58.31M | 51.11M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Gross Profit | 208.83M | 84.98M | 117.95M | 56.27M | 74.49M | 56.61M | 57.26M | 48.98M | 49.62M | 63.15M | 36.40M | 36.63M | 47.15M | 43.59M | 37.95M | 36.88M | 78.79M | 71.62M | 96.80M | 70.18M | 60.49M | 34.62M | 23.80M | 8.71M | 11.88M |
Gross Profit Ratio | 82.50% | 80.81% | 79.83% | 75.07% | 83.89% | 72.86% | 74.80% | 76.28% | 79.55% | 48.54% | 26.66% | 27.94% | 40.55% | 38.99% | 39.42% | 41.91% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Research & Development | 0.00 | 0.25 | 0.52 | 0.32 | 0.37 | 0.38 | 0.50 | 0.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
General & Administrative | 22.36M | 14.81M | 13.06M | 9.39M | 10.23M | 10.00M | 10.29M | 16.26M | 12.70M | 20.77M | 96.49M | 17.73M | 87.28M | 84.89M | 74.21M | 68.07M | 65.66M | 51.73M | 16.24M | 10.84M | 8.41M | 7.71M | 4.73M | 4.92M | 0.00 |
Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 24.83M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
SG&A | 22.36M | 14.81M | 13.06M | 9.39M | 10.23M | 10.00M | 10.29M | 16.26M | 12.70M | 45.60M | 96.49M | 17.73M | 87.28M | 84.89M | 74.21M | 68.07M | 65.66M | 51.73M | 16.24M | 10.84M | 8.41M | 7.71M | 4.73M | 4.92M | 1.42M |
Other Expenses | 0.00 | 51.59M | 49.23M | 32.95M | 34.26M | 30.94M | 25.11M | -725.00K | 382.00K | 0.00 | 28.97M | 26.16M | 26.75M | 26.01M | 26.06M | 32.99M | 30.66M | 23.54M | 49.87M | 29.11M | 20.14M | 5.62M | 2.71M | 0.00 | 0.00 |
Operating Expenses | 101.14M | 66.40M | 62.29M | 42.34M | 44.49M | 40.94M | 35.40M | 31.79M | 25.78M | 47.25M | 125.46M | 21.58M | 114.03M | 110.90M | 100.26M | 101.06M | 96.31M | 75.27M | 66.11M | 39.95M | 28.54M | 13.33M | 7.43M | 4.92M | 1.42M |
Cost & Expenses | 145.45M | 92.72M | 62.29M | 42.34M | 47.36M | 41.01M | 38.03M | 31.79M | 26.63M | 114.20M | 125.46M | 116.08M | 113.04M | 110.90M | 100.26M | 100.08M | 96.15M | 75.27M | 66.11M | 39.95M | 28.54M | 13.33M | 7.43M | 4.92M | 1.42M |
Interest Income | 176.77M | 38.62M | 78.97M | 64.80M | 29.49M | 23.81M | 18.67M | 11.52M | 9.20M | 0.00 | 4.84M | 4.50M | 0.00 | 1.90M | 1.74M | 3.36M | 5.50M | 6.24M | 4.84M | 3.83M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Interest Expense | 67.74M | 26.33M | 20.52M | 17.88M | 20.42M | 16.07M | 11.40M | 8.44M | 6.48M | 0.00 | 5.86M | 4.50M | 3.42M | 4.48M | 10.35M | 10.89M | 14.04M | 16.28M | 16.03M | 14.04M | 13.88M | 0.00 | 0.00 | 7.28M | 0.00 |
Depreciation & Amortization | 2.88M | 92.48M | 54.72M | 52.02M | 68.27M | 39.94M | 39.81M | 34.68M | 326.00K | 3.18M | 3.28M | 3.04M | 3.96M | 4.71M | 5.85M | 7.58M | 7.36M | 6.37M | 4.55M | 2.46M | 484.48K | 147.68K | 74.05K | 6.15K | 2.27K |
EBITDA | 125.70M | 23.24M | 106.51M | 51.95M | 14.82M | 10.07M | 3.46M | -524.00K | 620.00K | 17.59M | 21.42M | 18.09M | 7.41M | 10.07M | 11.30M | 5.41M | 4.65M | 19.01M | 34.60M | 32.69M | 33.89M | 19.15M | 23.91M | 3.80M | 10.46M |
EBITDA Ratio | 49.66% | 62.13% | 58.05% | 44.05% | 16.69% | 13.04% | 17.68% | 14.87% | 15.29% | 13.52% | 15.69% | 13.80% | 9.14% | 9.00% | 11.73% | 7.27% | 5.34% | 26.54% | 37.32% | 46.58% | 50.06% | 54.02% | 67.21% | 43.36% | 88.06% |
Operating Income | 97.53M | 65.10M | 85.47M | 32.62M | 14.32M | 8.51M | 882.00K | -820.00K | -563.00K | 14.41M | 18.14M | 15.06M | 12.30M | 1.82M | 5.45M | -1.19M | -3.31M | 12.64M | 29.82M | 30.23M | 31.95M | 21.29M | 16.37M | 3.79M | 10.46M |
Operating Income Ratio | 38.53% | 61.90% | 57.84% | 43.52% | 16.13% | 10.95% | 1.15% | -1.28% | -0.90% | 11.08% | 13.28% | 11.48% | 10.58% | 1.63% | 5.66% | -1.36% | -4.21% | 17.64% | 30.80% | 43.08% | 52.81% | 61.49% | 68.78% | 43.56% | 88.04% |
Total Other Income/Expenses | -52.16M | -26.98M | -21.04M | -19.33M | 25.54M | 25.61M | 35.51M | -604.00K | 35.12M | -9.53M | -9.01M | -4.61M | -1.18M | -530.00K | -159.00K | -1.61M | -14.21M | -16.28M | -16.64M | -14.04M | -15.48M | -11.82M | -22.37M | -6.79M | -2.44M |
Income Before Tax | 45.37M | 38.78M | 85.47M | 32.62M | 44.30M | 36.76M | 41.16M | 32.43M | 36.59M | 8.02M | 11.07M | 9.44M | 2.27M | 877.00K | -4.00M | -13.07M | -17.52M | -3.64M | 14.52M | 17.08M | 16.47M | 7.18M | 1.46M | -4.88M | 8.02M |
Income Before Tax Ratio | 17.92% | 36.87% | 57.84% | 43.52% | 49.89% | 47.31% | 53.76% | 50.50% | 58.67% | 6.16% | 8.11% | 7.20% | 1.95% | 0.78% | -4.16% | -14.85% | -22.23% | -5.09% | 15.00% | 24.34% | 27.23% | 20.74% | 6.15% | -56.04% | 67.52% |
Income Tax Expense | -1.96M | 6.46M | 1.33M | -999.00K | 3.16M | 1.08M | 2.18M | 5.13M | 857.00K | 4.13M | 3.92M | 3.88M | -1.10M | -418.00K | -2.59M | -2.05M | -6.38M | -581.00K | 6.79M | 6.47M | 7.09M | 2.66M | 534.62K | 1.14M | 2.60M |
Net Income | 47.33M | 32.31M | 84.14M | 33.62M | 41.14M | 35.68M | 38.98M | 27.31M | 35.74M | 3.97M | 7.53M | 5.64M | 3.48M | 1.44M | -429.00K | -10.46M | -11.22M | -2.12M | 7.73M | 10.62M | 9.57M | 8.17M | 929.56K | -3.43M | 5.43M |
Net Income Ratio | 18.70% | 30.72% | 56.94% | 44.85% | 46.33% | 45.92% | 50.91% | 42.52% | 57.30% | 3.05% | 5.51% | 4.30% | 2.99% | 1.29% | -0.45% | -11.89% | -14.24% | -2.96% | 7.98% | 15.13% | 15.82% | 23.59% | 3.91% | -39.32% | 45.66% |
EPS | 1.89 | 1.34 | 3.69 | 1.59 | 2.13 | 1.91 | 2.25 | 1.88 | 3.32 | 0.37 | 1.07 | 0.79 | 0.49 | 0.20 | -0.06 | -1.46 | -1.57 | -0.30 | 1.13 | 1.77 | 1.86 | 1.69 | 0.21 | -0.89 | 1.49 |
EPS Diluted | 1.88 | 1.34 | 3.69 | 1.59 | 2.13 | 1.91 | 2.25 | 1.88 | 3.32 | 0.37 | 0.99 | 0.77 | 0.48 | 0.20 | -0.06 | -1.46 | -1.57 | -0.30 | 1.13 | 1.75 | 1.83 | 1.68 | 0.21 | -0.89 | 1.49 |
Weighted Avg Shares Out | 24.26M | 24.20M | 22.80M | 21.15M | 19.33M | 18.71M | 17.33M | 14.54M | 10.77M | 10.77M | 7.06M | 7.11M | 7.14M | 7.13M | 7.13M | 7.15M | 7.16M | 6.98M | 6.85M | 6.01M | 5.16M | 4.84M | 4.38M | 3.86M | 3.65M |
Weighted Avg Shares Out (Dil) | 24.35M | 24.20M | 22.80M | 21.15M | 19.33M | 18.71M | 17.33M | 14.54M | 10.77M | 10.77M | 7.58M | 7.35M | 7.21M | 7.16M | 7.13M | 7.15M | 7.16M | 6.98M | 6.86M | 6.08M | 5.24M | 4.86M | 4.38M | 3.86M | 3.65M |
NewtekOne, Inc. CEO, Barry Sloane, to Present at the LD Micro Main Event XVII on October 29, 2024
Newtek Bank, N.A. Achieves 11.7% Deposit Growth in the Third Quarter 2024
NewtekOne, Inc. Achieves 17.3% Sequential Growth in Record Total Loan Closings in the Third Quarter 2024 over the Second Quarter 2024
NewtekOne, Inc. to Report Third Quarter 2024 Financial Results on Wednesday, November 6, 2024 After the Market Closes
Preferreds Weekly Review: Banks Are Redeeming Their Preferreds
NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share
NewtekOne, Inc. Closes Offering of $75.0 Million of 8.625% Fixed Rate Senior Notes Due 2029
NewtekOne: 8.6% Yielding Bonds Make More Sense Than The Stock
NewtekOne, Inc. Reconfirms its 2024 Annual EPS Forecast in a Range of $1.85 to $2.05 per Basic and Diluted Common Share
NewtekOne, Inc. Hires Andrew Kaplan as Chief Strategy Officer
Source: https://incomestatements.info
Category: Stock Reports