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NewtekOne (NEWT) Restructuring Costs (2021 - 2023)

NewtekOne (NEWT) has disclosed Restructuring Costs for 3 consecutive years, with $8.5 million as the latest value for Q4 2023.

  • Quarterly Restructuring Costs rose 315.92% to $8.5 million in Q4 2023 from the year-ago period, while the trailing twelve-month figure was $22.4 million through Dec 2023, up 191.37% year-over-year, with the annual reading at $28.6 million for FY2025, 34.64% up from the prior year.
  • Restructuring Costs for Q4 2023 was $8.5 million at NewtekOne, up from $4.3 million in the prior quarter.
  • The five-year high for Restructuring Costs was $8.5 million in Q4 2023, with the low at $1.8 million in Q1 2022.
  • Average Restructuring Costs over 3 years is $3.4 million, with a median of $2.2 million recorded in 2021.
  • The sharpest move saw Restructuring Costs dropped 21.49% in 2022, then surged 315.92% in 2023.
  • Over 3 years, Restructuring Costs stood at $1.8 million in 2021, then increased by 14.68% to $2.1 million in 2022, then soared by 315.92% to $8.5 million in 2023.
  • According to Business Quant data, Restructuring Costs over the past three periods came in at $8.5 million, $4.3 million, and $4.9 million for Q4 2023, Q3 2023, and Q2 2023 respectively.