Newtek Business Services reports Q2 adjusted EPS $1.20, consensus 71c

Reports Q2 NAV per share $16.38. Barry Sloane, chairman, president and CEO said, "We are looking forward to discussing our second quarter financial results tomorrow morning at 8:30 am ET, and detailing the strong performance of Newtek Business Services Corp. throughout the first half of 2021. Our performance for the first half of the year is demonstrated by the 42% increase in ANII, on a per share basis, to $2.25 per share for the six months ended June 30, 2021, compared to ANII of $1.58 for the same period last year. We believe this increase demonstrates our ability to grow earnings on multiple levels even as we emerge from government shutdowns of the economy and the pandemic. We have just cycled through one of the more challenging periods in U.S. economic history and are excited about the effects of the pandemic diminishing over time. The actual and forecasted growth in our 2021 dividend payments, based on our annual dividend forecast range of $3.00 per share to $3.30 per share, is further indicative of our optimism and demonstrates the pipeline of opportunities across multiple segments of our business. On Monday, August 9, 2021, our board declared the third quarter 2021 cash dividend of $0.90 per share. The third quarter 2021 dividend represents a 55.2% increase over the third quarter 2020 dividend of $0.58 per share. With the payment of the third quarter 2021 dividend, we will have paid a total of $2.10 per share in dividends for the first three quarters of 2021, which would represent a 32.9% increase over dividends paid for the first three quarters of 2020. Newtek's current 2021 annual dividend forecast indicates a remaining estimated dividend payment of $1.05 per share, at the midpoint of the 2021 annual dividend forecast range, which would represent a 123.4% increase over the fourth quarter 2020 dividend of $0.47 per share."