NewtekOne Expects To Report Deposits At Newtek Bank, N.A. Of $742M As Of September 30, 2024; An Expected Sequential Increase Of 11.7% Over $664M At June 30, 2024, And An Increase Of 43% Over $519M At December 31, 2023
Portfolio Pulse from Benzinga Newsdesk
NewtekOne, Inc. (NASDAQ:NEWT) anticipates reporting $742M in deposits at Newtek Bank, N.A. by September 30, 2024, marking an 11.7% increase from June 2024 and a 43% rise from December 2023. Business core deposits are expected to grow by 45% to $119M.
October 08, 2024 | 3:17 pm
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NewtekOne, Inc. expects significant growth in deposits at Newtek Bank, N.A., with a 43% increase from December 2023 to September 2024. This growth indicates strong business performance and could positively impact stock prices.
The expected increase in deposits, especially the 43% rise from December 2023, suggests strong business growth and improved financial health for NewtekOne, Inc. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100