Loading…
NewtekOne, Inc. operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including the United States small business administration 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 various restaurants, 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, as well as inbound and outbound calling services. 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $267M | - | $61M | $-579M | 17.3% | 12.3% | 19.0% |
| 2024 | $238M | - | $51M | $-153M | 18.4% | 28.5% | 7.4% |
| 2023 | $185M | - | $47M | $-170M | 20.6% | 76.0% | 46.5% |
| 2022 | $105M | - | $32M | $-62M | 8.6% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 105.17 | 185.08 | 237.74 | 266.99 |
| Operating Revenue | - | 105.17 | 185.08 | 237.74 | 266.99 |
| Operating Expense | 62.29 | 66.40 | - | - | - |
| Selling General And Administration | - | 27.86 | 88.06 | 99.20 | 113.41 |
| Interest Income | - | 38.62 | 94.37 | 121.42 | 158.42 |
| Interest Expense | - | 26.32 | 67.74 | 81.11 | 98.53 |
| Net Interest Income | - | 12.29 | 26.63 | 40.30 | 59.88 |
| Pretax Income | - | 38.78 | 45.37 | 68.69 | 79.98 |
| Tax Provision | - | 6.46 | -1.96 | 17.84 | 19.46 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.07 | -0.06 | 0 | -0.04 |
| Net Income Continuous Operations | - | 32.31 | 47.33 | 50.85 | 60.51 |
| Net Income From Continuing And Discontinued Operation | - | 32.31 | 47.33 | 50.85 | 60.51 |
| Net Income From Continuing Operation Net Minority Interest | - | 32.31 | 47.33 | 50.85 | 60.51 |
| Net Income | - | 32.31 | 47.33 | 50.85 | 60.51 |
| Net Income Common Stockholders | - | 32.31 | 45.88 | 49.25 | 58.18 |
| Net Income Including Noncontrolling Interests | - | 32.31 | 47.33 | 50.85 | 60.51 |
| Normalized Income | - | 32.66 | 47.54 | 50.85 | 60.65 |
| Diluted NI Availto Com Stockholders | - | 32.31 | 45.88 | 49.25 | 58.18 |
| Basic Average Shares | - | 24.20 | 24.26 | 24.94 | 26.32 |
| Diluted Average Shares | - | 24.20 | 24.35 | 25.19 | 26.72 |
| Reconciled Depreciation | - | 0.24 | 2.88 | 1.78 | 0.67 |
| Total Unusual Items | - | -0.42 | -0.27 | 0 | -0.18 |
| Total Unusual Items Excluding Goodwill | - | -0.42 | -0.27 | 0 | -0.18 |
| Preferred Stock Dividends | - | - | 1.45 | 1.60 | 2.34 |
| Special Income Charges | - | -0.42 | -0.27 | 0 | -0.18 |
| Restructuring And Mergern Acquisition | - | - | 1.30 | - | - |
| Gain On Sale Of Security | - | 0 | 0 | 0 | 30.02 |
| Depreciation Amortization Depletion Income Statement | - | 0.24 | 2.88 | 1.78 | 0.67 |
| Depreciation And Amortization In Income Statement | - | 0.24 | 2.88 | 1.78 | 0.67 |
| General And Administrative Expense | - | 27.86 | 88.06 | 99.20 | 113.41 |
| Other Gand A | - | 7.67 | 22.36 | 21.27 | 28.64 |
| Salaries And Wages | - | 20.19 | 65.71 | 77.93 | 84.77 |
| Other Operating Expenses | 31.06 | 31.16 | - | - | - |
| Average Dilution Earnings | - | 0 | 0 | 0 | - |
| Depreciation Income Statement | 0.30 | 0.24 | - | - | - |
| Professional Expense And Contract Services Expense | - | 7.13 | 13.08 | 15.81 | 15.46 |
| Other Non Interest Expense | - | 30.75 | 23.70 | 26.03 | 18.57 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NewtekOne, Inc.this co. | NEWT | $382M | 6.32↓ discount | 1.09 | 17.3% | - |
| Investar Holding Corporation | ISTR | $395M | 17.24 | 1.46 | 8.5% | - |
| Pioneer Bancorp, Inc. | PBFS | $394M | 19.42 | 1.22 | 6.3% | - |
| First Bank | FRBA | $392M | 8.97 | 0.88 | 9.8% | - |
| Farmers & Merchants Bancorp, Inc. | FMAO | $384M | 11.66 |
| - |
| - |
| - |
| - |
| 1.03 |
| 8.9% |
| - |
| Plumas Bancorp | PLBC | $375M | 12.66 | 1.44 | 11.3% | - |
| Citizens & Northern Corporation | CZNC | $374M | 15.98 | 1.10 | 6.9% | - |
| Primis Financial Corp. | FRST | $370M | 6.02 | 0.88 | 14.5% | - |
| Parke Bancorp, Inc. | PKBK | $365M | 9.67 | 1.13 | 11.7% | - |
| Peer Median | - | 12.16 | 1.11 | 9.4% | - | |