01:17 PM EDT, 04/01/2024 (MT Newswires) -- NewtekOne ( NEWT ) said Monday that subsidiary, Newtek Bank, closed $207.7 million worth of Small Business Association 7a loans in Q1, a 36.2% increase from a year earlier.

It also said that its non-bank subsidiaries, along with Newtek Bank, closed $308.6 million of loans during the quarter, which is 35.8% more than a year ago.

The shares were up more than 2% in recent trading.

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