- Newtek Business press release ( NASDAQ: NEWT ): Q3 Net Investment Income of $0.01 per share.
- Adjusted Net Investment Income of $0.62 per share.
- Total Investment Income of $23.6M (+90.3% Y/Y).
- "Debt-to-equity ratio of 1.41x at September 30, 2022; proforma debt-to-equity ratio was 1.26x after taking into account the sales of government-guaranteed portions of SBA 7(a) loans prior to September 30, 2022, which sales settled subsequent to the balance sheet date," report.
- Newtek Small Business Finance, LLC (NSBF) increased its full year 2022 SBA 7(a) loan funding guidance to approximately $775 million, which would represent a 38.2% increase over $560.6 million of SBA 7(a) loans funded in 2021.
For further details see:
Newtek Business NII of $0.01 per share, TII of $23.6M