NewtekOne, Inc.NEWT

NasdaqFinanceNational Commercial Banks
Price (close)
$11.30
Market cap
$326.4M
P/E
5.0x
Revenue (TTM)
$294.3M
Net income
$65.5M
Dividend yield
6.73%
1-year total return
0.6%
Net margin
22.2%
Revenue growth
7.1%
Debt / equity
1.34x

What NewtekOne, Inc. does.

We are a financial holding company subject to the regulation and supervision of the Federal Reserve and the Federal Reserve Bank of Atlanta that, together with our consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek ® and NewtekOne ® brands to the independent business owner (SMB) market.

Prior to January 6, 2023 when we acquired Newtek Bank and converted to a financial holding company, we operated as an internally managed non-diversified closed-end management investment company that was regulated as a BDC under the 1940 Act, and was treated as a RIC under the Code for U.S. federal income tax purposes. See “Executive Overview - Conversion to a Financial Holding Company. ”

In addition to our bank subsidiary, Newtek Bank and its consolidated subsidiary, SBL, the following are our consolidated non-bank direct and indirect subsidiaries: Newtek Small Business Finance, LLC (NSBF); Newtek Business Services Holdco 6, Inc. d/b/a Newtek ALP Holdings (NALH); Newtek Merchant Solutions, LLC (NMS) and its subsidiary Mobil Money, LLC; CDS Business Services, Inc. d/b/a Newtek Business Credit Solutions (NBC); PMTWorks Payroll, LLC d/b/a Newtek Payroll and Benefits Solutions (PMT); Newtek Insurance Agency, LLC (NIA); Titanium Asset Management LLC (TAM); and POS on Cloud, LLC, d/b/a Newtek Payment Systems (POS).

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue—$147.8M$105.2M$203.4M$257.6M$284.8M
Net income—$84.1M$32.3M$47.3M$50.9M$60.5M
Free cash flow—$140.9M-$62.4M-$169.7M-$153.5M-$579.3M

More on NEWT.

Figures from NewtekOne, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.