10.98
+2.62%
Close of 9 Nov 2026, in USD
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About NewtekOne
From its filings with the US Securities and Exchange Commission
NewtekOne is based in Boca Raton, Florida and is incorporated in Maryland. Its shares trade on Nasdaq under the ticker NEWT. The SEC classifies its business as national commercial banks. In the fiscal year to 31 December 2025, it reported net income of $60.5m. At that date it held total assets of $2.74bn and shareholders' equity of $397.6m.
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.
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).
NewTracker is our primary tool for acquiring business referrals without traditional bankers, bank branches, brokers or business development officers. We have an established and reliable platform that is not limited by client size, industry type, or location. As a result, we believe we have a strong and diversified client base across the United States and across a variety of different industries. In addition, we have developed a financial and technology based business model that enables us to acquire and process our independent business owner (SMB) clients in a cost effective manner.
Quoted from its 10-K, filed 10 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Capital Markets
- Listed since
- 17 Mar 1980
- Employees
- 572
- Website
- newtekone.com ↗
- Head office
- 4800 T REX AVENUE, BOCA RATON, FL, 33431
- Incorporated in
- MD
- Classification
- National Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Barry SloaneChairman of the Board, President, Chief Executive Officer, since 1999$846,000
- Mr. Frank DemariaChief Financial Officer$761,000
- Mr. Peter DownsDirector, President - Newtek Bank, since 2015$955,000
- Mrs. Halli Razon-FeingoldSenior Vice President of Human Resources, Chief Administrative Officer, Director, since 2016
- Mr. Michael SchwartzChief Legal Officer and Corporate Secretary, since 2005$918,000
- Mr. Craig BrunetIndependent Director, since 2001$35,000
- Mr. Fernando Perez-HickmanIndependent Director$157,500
- Mr. Richard SaluteIndependent Director$157,500
- Mr. Gregory ZinkIndependent Director$157,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 17
- Environment
- 2
- Social
- 30
- Governance
- 19
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Newtek Business Services Corp offers a wide range of services, including business lending, payroll processing, insurance solutions, web hosting, and technology services. This diversified portfolio helps the company to cater to the diverse needs of its clients and generate multiple revenue streams.
- With over two decades of experience, Newtek Business Services Corp has built a strong reputation and established market presence. The company's brand recognition and extensive customer base provide it with a competitive advantage in attracting new clients and fostering long-term relationships.
- Newtek Business Services Corp maintains a strong financial position, with sound profitability and cash flow. This financial stability enables the company to invest in growth opportunities, pursue strategic acquisitions, and withstand market volatility.
Weaknesses
- The majority of Newtek's clients are SMEs, which may subject the company to increased risk during economic downturns or when SMEs face financial difficulties. The company's revenue and growth potential heavily rely on the performance of this segment.
- Newtek Business Services Corp operates in a highly competitive marketplace, facing competition from both traditional financial institutions and emerging fintech companies. This competitive landscape may put pressure on pricing, customer retention, and overall market share.
- As a financial services provider, Newtek Business Services Corp is subject to regulatory scrutiny and compliance requirements. Changes in regulations or increased regulatory oversight can impact the company's operations, increase costs, and pose legal risks.
Opportunities
- Advancements in technology present opportunities for Newtek Business Services Corp to enhance its service offerings, improve operational efficiency, and stay ahead of competitors. Investing in innovative solutions can help the company attract new customers and expand its market share.
- The continued growth and expansion of the small and medium-sized enterprise (SME) sector provide Newtek with opportunities to increase its customer base. By tailoring its products and services to meet the unique needs of SMEs, the company can capitalize on this market segment's demand.
- Forming strategic partnerships and alliances with complementary businesses can enable Newtek Business Services Corp to expand its reach, access new markets, and offer bundled services. Collaborations with industry leaders or technology providers can strengthen the company's competitive position.
Threats
- Newtek's operations may be vulnerable to economic downturns or fluctuations in interest rates. Reduced business activity, increased default rates, or decreased demand for its services during challenging economic periods can negatively impact the company's financial performance.
- The rapid pace of technological advancements poses a threat to Newtek Business Services Corp. Failure to adapt to emerging technologies or evolving customer preferences can result in the company losing market share and becoming less competitive.
- As a provider of technology services, Newtek faces the risk of cybersecurity breaches and data breaches. Cyberattacks can lead to reputational damage, financial losses, legal liabilities, and loss of client trust, requiring significant investments in cybersecurity measures.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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