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NewtekOne, Inc.

NewtekOne, Inc.

NASDAQ•NEWT
CEO: Mr. Barry Scott Sloane
Sector: Financial Services
Industry: Asset Management
Listing Date: 2000-09-27
NewtekOne, Inc. operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans. It is also involved in the provision of electronic payment processing services comprising credit and debit card processing services, check approval services, processing equipment, and software, as well as cloud-based Point of Sale systems for a various restaurant, retail, assisted living, taxi cabs, parks, and golf course businesses. In addition, it offers wholesale brokerage insurance agency services; and payroll management, and related payment and tax reporting services to independent business owners. Further, the company provides website hosting, dedicated server hosting, cloud hosting, web design and development, internet marketing, ecommerce, data storage, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients as well as SMBs. The company was formerly known as Newtek Business Services Corp. and changed its name to NewtekOne, Inc. in January 2023. NewtekOne, Inc. was founded in 1998 and is headquartered in Boca Raton, Florida.
Contact Information
4800 T-Rex Avenue, Suite 120, Boca Raton, FL, 33431, United States
212-356-9500
www.newtekone.com
Market Cap
$395.47M
P/E (TTM)
5.8
0
Dividend Yield
5.6%
52W High
$14.91
52W Low
$9.12
52W Range
79%
Rank53Top 76.1%
2.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$95.05M+20.80%
4-Quarter Trend

EPS

$0.71+57.78%
4-Quarter Trend

FCF

-$167.32M+545.64%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Growth Strong Nine-month net income increased 26% to $41.0M; Basic EPS reached $1.57, driven by higher noninterest income streams.
Balance Sheet Expansion Continues Total assets grew 16.5% to $2.4B since year-end, supported by total deposits increasing to $1.178B.
Capital Adequacy Remains Robust NewtekOne Common Equity Tier 1 ratio stood strong at 18.0% as of September 30, 2025, exceeding regulatory minimums.
Loan Portfolio Rebalancing Loans held for sale increased $384.7M, reflecting longer holding periods for guaranteed SBA 7(a) loans and ALP originations.

Risk Factors

Credit Quality Deterioration Nonperforming Assets ratio rose to 6.0% of total assets; Allowance for Credit Losses increased significantly to $45.2M.
Net Interest Margin Compression Quarterly NIM declined to 2.86% as rising funding costs, particularly deposits, outpaced asset yield growth.
Technology Segment Divestiture Elimination of the Technology segment post-NTS Sale removes prior noninterest income sources from the operating results.
Increased Funding Costs Total interest expense rose $12.4M for nine months, primarily due to a $10.3M increase in deposit interest expense.

Outlook

Debt Maturity Extension Company executed a note exchange in October 2025, swapping $20.0M of 2026 Notes for 2030 Notes to manage maturity profile.
Banking Segment Focus Future strategy centers on the Banking segment, including SBA 7(a) lending and growing the core deposit base.
Credit Loss Expectations Expect continued elevated provisioning under CECL methodology due to portfolio mix shifts and economic uncertainty.
Regulatory Environment Ongoing investment required for compliance and operational costs associated with financial holding company status.

Peer Comparison

Revenue (TTM)

NewtekOne, Inc.NEWT
$348.53M
+17.4%
Heritage Commerce CorpHTBK
$266.14M
+5.8%
Northfield Bancorp, Inc. (Staten Island, NY)NFBK
$261.06M
+6.1%

Gross Margin (Latest Quarter)

Northrim BanCorp, Inc.NRIM
80.4%
+4.9pp
Fidus Investment CorporationFDUS
76.7%
+1.8pp
Heritage Commerce CorpHTBK
76.3%
+7.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CSWC$1.33B14.89.9%19.5%
HTBK$789.35M16.59.1%0.0%
FDUS$713.98M8.611.9%14.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.8%
Moderate Growth
4Q Net Income CAGR
-0.8%
Stable Profitability
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Jan 29, 2026
|
EPS:$0.65
|
Revenue:$80.01M
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $95.05M+20.8%
    |
    EPS: $0.71+57.8%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $88.37M+16.8%
    |
    EPS: $0.53+23.3%
    Meet
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $72.21M+0.9%
    |
    EPS: $0.36-5.3%
    Meet
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 17, 2025|
    Revenue: $318.85M+26.1%
    |
    EPS: $1.97+4.2%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $78.68M+77.7%
    |
    EPS: $0.45+12.5%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $75.68M+67.7%
    |
    EPS: $0.43+65.4%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 10, 2024|
    Revenue: $71.59M+38.0%
    |
    EPS: $0.38-50.0%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 1, 2024|
    Revenue: $253.14M+92.5%
    |
    EPS: $1.89+41.0%
    Beat