Newtek Business Services (NEWT) Tops Q3 EPS by 5c

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Go back to Newtek Business Services (NEWT) Tops Q3 EPS by 5c

Newtek Business Services Corp. Reports Adjusted Net Investment Income of $0.50 Per Share for the Third Quarter of 2015

November 3, 2015 4:06 PM EST

NEW YORK, Nov. 3, 2015 /PRNewswire/ -- Newtek Business Services Corp. ("Newtek" or the "Company"), (NASDAQ: NEWT), an internally managed business development company ("BDC"), announced today its financial results for the three and nine months ended September 30, 2015.

Third Quarter 2015 Highlights:

Adjusted net investment income1 for the three and nine months ended September 30, 2015 was $5.1 million, or $0.50 per share, and $15.4 million, or $1.50 per share, respectively. Net asset value ("NAV") was $174.7 million, or $16.88 per share, at September 30, 2015 compared with NAV of $166.4 million, or $16.31 per share, at December 31, 2014.... More