NewtekOne, Inc. 8.5 % Notes -01.02.31
NEWTO
NASDAQ Global Market25.77
USD
-0.27
- -
CIK
0001587987
ISIN
US6525268495
CUSIP
652526849
Return %
Stock
S&P500
1Y
-0.77
19.25
3Y
-0.77
65.11
5Y
-0.77
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Barry Scott Sloane
- Full Time Employees
- 572
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Address
- 4800 T-Rex Avenue Boca Raton FL United States of America 33431
- IPO Date
- Feb 1, 2024
- CIK
- 0001587987
- Website
- newtekone.com
- Similar Companies
- Business
- NewtekOne, Inc. is a financial holding company that provides a broad suite of business and financial solutions to small- and medium-sized businesses (SMBs) through its Newtek brand and its bank and non-bank consolidated subsidiaries. Founded in 1999, the company is headquartered in Boca Raton, Florida, and operates across all 50 states through its partner network and subsidiary platforms. Its core activities focus on delivering integrated SMB solutions that help clients grow sales, control costs, and reduce risk. Main products and services - Complete Lending Solutions including commercial loans, unsecured term loans, and lines of credit tailored to SMB needs - Receivables financing and working capital programs, including accounts receivable financing and related credit facilities - Electronic payment processing and merchant services, including tablet-based and mobile payment solutions; processing solutions; and payment technology infrastructure - Payroll and benefits processing services, administrative and HR solutions, and employee benefits programs - Health, life, and commercial insurance brokerage and advisory services - IT solutions and cloud-based services, including managed IT and cloud hosting - Web design, ecommerce enablement, and full-service digital presence offerings - Insurance services and risk management, including personal and commercial lines - Corporate finance and strategic advisory services supporting SMB clients - Newtek Advantage Cloud-Based Operating Platform, integrating multiple service lines on a single technology backbone Latest major company changes - Strategic financing activity including the completion of senior note offerings and exchanges used to optimize capital structure and funding flexibility for growth initiatives - Ongoing expansion of the Newtek platform through partnerships and alliances to broaden service reach in payments, IT, insurance, and lending capabilities - Continuous product and service enhancements, including digital and cloud-based solutions, to support SMB operations and scale cross-sell opportunities - Regular updates to corporate structure and capitalization to optimize efficiency and investor value, including reorganizations and refinancings as part of capital management Industry context and business segments - Industry: Financial services and technology-enabled business services - Segments: SMB lending and financial solutions; payment processing; IT and cloud services; payroll and benefits processing; insurance brokerage; ecommerce and digital solutions; financing and receivables management - Markets: United States SMB sector with nationwide reach through direct and partner channels Geographic footprint and corporate structure - Headquarters: Boca Raton, Florida - Geographic operations: United States (across all 50 states) with a national footprint supported by a network of partner relationships and subsidiaries - Corporate relationships: operates as a financial holding company with bank and non-bank subsidiaries under the NewtekOne umbrella Founding and leadership - Founded: 1999 - Core leadership and strategic focus on delivering integrated, cost-efficient business solutions to SMBs Subsidiaries and affiliations - Operates through a combination of banking and non-banking subsidiaries to deliver a wide range of financial and technology-enabled services under the NewtekOne brand - Maintains partnerships and channels that extend product access, including payment processing, IT solutions, and insurance services Notes - The description reflects the company’s emphasis on providing a consolidated platform of SMB-focused financial and technology services, with ongoing capital management activities, partnerships, and product expansions shaping its strategic direction.