01:51 PM EDT, 05/07/2024 (MT Newswires) -- NewtekOne ( NEWT ) shares climbed 12% in recent Tuesday trading, a day after the company's Q1 results topped market expectations.

The bank reported Q1 earnings of $0.38 per diluted share, down from $0.74 a year earlier. Analysts polled by Capital IQ expected $0.25.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $58.3 million, up from $46.9 million a year earlier. Three analysts surveyed by Capital IQ expected $48.9 million.

Price: 12.42, Change: +1.34, Percent Change: +12.09