NewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B
NEWTP
NASDAQ Global Select24.85
USD
+0.05
- -
CIK
0001587987
ISIN
US6525268644
CUSIP
652526864
Return %
Stock
S&P500
1Y
2.90
18.86
3Y
2.90
64.57
5Y
2.90
71.65
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
- Asset Management
- Address
- 4800 T-Rex Avenue Boca Raton FL United States of America 33431-4479
- IPO Date
- Aug 15, 2025
- CIK
- 0001587987
- Website
- newtekone.com
- Similar Companies
- Business
- NewtekOne, Inc. functions as a financial holding entity, delivering a broad spectrum of integrated financial and business solutions tailored for independent business owners and small to medium-sized enterprises across the United States. The company fundamentally transformed its structure in January 2023, transitioning from a Business Development Company (BDC) to a financial holding company upon its acquisition of National Bank of New York City, subsequently rebranded as Newtek Bank, N.A. This strategic shift consolidated its various operations, including its former non-bank lending activities, under the new bank holding company framework. The firm's offerings encompass a wide array of core services, including banking through Newtek Bank, N.A., providing business checking and high-yield savings accounts, alongside certificate of deposits (CDs) and real-time payment solutions. NewtekOne is a prominent lender, specializing in Small Business Administration (SBA) 7(a) and 504 loans, alongside commercial and industrial (C&I) loans, commercial real estate (CRE) loans, asset-based lending (ABL), and its proprietary Alternative Loan Program (ALP) which includes long-duration financing up to 25 years without balloon payments. These lending options support various business needs such as working capital, equipment acquisition, commercial real estate purchases, debt refinancing, and business expansion, with loan amounts generally ranging from $5,000 to $15 million. Beyond capital, the company offers extensive electronic payment processing services, covering credit and debit card transactions, mobile payments, e-commerce integration, point-of-sale systems, check handling, and gift card programs. In terms of technology, NewtekOne provides comprehensive managed IT solutions, cloud computing, data backup, cybersecurity, website hosting, and e-commerce development, along with internet marketing expertise. Complementing these services, it offers payroll processing, time and labor management, human resources services, and a full suite of insurance products including commercial, personal, employee benefits, and life insurance. A central component of its value proposition is the Newtek Advantage, a proprietary cloud-based operating platform that consolidates essential business data and tools into a single, real-time dashboard, providing clients access to banking information, payment processing analytics, payroll management, and integrating with platforms like Intuit QuickBooks for enhanced financial oversight. Furthermore, its patented NewTracker software facilitates efficient referral management for partners. The firm's revenue model is diversified, drawing substantial income from interest on loans, gains generated from the sale of the government-guaranteed portion of SBA loans, servicing fees, and electronic payment processing fees, with a notable emphasis on non-interest income. NewtekOne emphasizes a technology-driven, branchless approach, leveraging digital tools to deliver cost-efficient solutions and maintain a competitive edge through higher operating efficiency. Recent corporate activities include extending its share repurchase program in November 2025, reporting strong third-quarter 2025 financial results with revenue and net income growth, upsizing its Alternative Loan Program warehouse facility to $100 million in July 2025, and a credit rating upgrade to A- in March 2025 following a $30 million notes offering. Headquartered in Boca Raton, Florida, with operations serving businesses nationwide, NewtekOne traces its origins back to 1999, evolving into a publicly traded financial solutions provider with a consistent focus on empowering independent business owners.