NewtekOne, headquartered in Boca Raton, Florida, operates under the organization name 02 Finance and is incorporated in Maryland. The company's securities, including common stock and various notes, are traded on the Nasdaq Global Market. The stock currently offers a dividend yield of 6%, supported by the company's strong profitability metrics.
This executive compensation adjustment comes as part of NewtekOne's ongoing corporate governance and is disclosed in accordance with SEC regulations. The information regarding this change in executive compensation is based solely on the company's recent SEC filing. For deeper insights into NewtekOne's executive compensation structure and comprehensive financial analysis, access the full Pro Research Report available on InvestingPro.
NewtekOne, headquartered in Boca Raton, Florida, operates under the organization name 02 Finance and is incorporated in Maryland. The company's securities, including common stock and various notes, are traded on the Nasdaq Global Market. The stock currently offers a dividend yield of 6%, supported by the company's strong profitability metrics.This executive compensation adjustment comes as part of NewtekOne's ongoing corporate governance and is disclosed in accordance with SEC regulations.
The information regarding this change in executive compensation is based solely on the company's recent SEC filing. For deeper insights into NewtekOne's executive compensation structure and comprehensive financial analysis, access the full Pro Research Report available on InvestingPro.
NewtekOne, headquartered in Boca Raton, Florida, operates under the organization name 02 Finance and is incorporated in Maryland. The company's securities, including common stock and various notes, are traded on the Nasdaq Global Market.
This executive compensation adjustment comes as part of NewtekOne's ongoing corporate governance and is disclosed in accordance with SEC regulations. The information regarding this change in executive compensation is based solely on the company's recent SEC filing.
In other recent news, NewtekOne, Inc., a commercial banking company, has reported significant developments. The company recently completed the sale of its subsidiary, Newtek Technology Solutions, Inc., to Paltalk, Inc., as part of its strategic transition towards becoming a financial holding company.
The terms of the deal include $4 million in cash and 4 million shares of Paltalk's newly created Series A Non-Voting Common Equivalent Stock, with the potential for an additional earn-out of up to $5 million based on Paltalk's future performance.
NewtekOne also reported robust third-quarter earnings, surpassing the consensus estimate. The company confirmed its 2025 earnings per share (EPS) guidance range of $2.00 to $2.25. In response to these developments, analyst firms B.Riley and Piper Sandler have upgraded their price targets on Newtek shares while maintaining a neutral rating.
In addition, NewtekOne has extended the maturity date of its outstanding 8.125% Senior Notes from 2025 to 2027, potentially reducing near-term liquidity pressures.
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