NewtekOne Inc (OQ:NEWT)

Sector:  Financials Industry:  Corporate Financial Services
 
See Regulatory Filings on SEC
Company Contact
Address: 4800 T Rex Avenue, Suite 120
BOCA RATON FL 33431
Tel: N/A
Website: https://www.newtekone.com
IR: See website
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Key People
Barry S. Sloane
Chairman of the Board, President, Chief Executive Officer
M. Scott Price
Chief Financial Officer
Halli Razon - Feingold
Senior Vice President of Human Resources, Chief Administrative Officer, Director
Nicholas J. Leger
Chief Accounting Officer; Executive Vice President of Finance and Controller of Newtek Small Business Finance, LLC
Michael Adam Schwartz
Chief Compliance Officer, Corporate Secretary and Chief Legal Officer
Nicolas Young
Chief Risk Officer
Peter Downs
Director, Chief Lending Officer and President of Newtek Small Business Finance, LLC
   
Business Overview
NewtekOne, Inc. (NewtekOne) is a financial holding company. The Company provides a range of business and financial solutions under the Newtek brand to the small and medium-sized business (SMB) market. NewtekOne's business and financial solutions include complete lending solutions, account receivable lines of credit, small balance unsecured term loans, electronic payment processing and tablet-based payment, processing solutions, mobile payment processing solutions, payroll and benefit processing solutions, Web design and full e-commerce business solutions, health insurance and benefits, commercial/personal insurance, complete information technology (IT) solutions, and the cloud-based operating platform. The Company's registered trademarks include Newtek, NewtekOne, Newtek Bank, National Association, Your Business Solutions Company, and One Solution for All Your Business Needs. The Company serves approximately 50 states.
Financial Overview
For the nine months ended 30 September 2023, NewtekOne Inc revenues increased 29% to $146.4M. Net income applicable to common stockholders decreased 20% to $27.5M. Revenues reflect Loans and fees on loans increase from $23.9M to $60.3M, Other noninterest income increase from $6.5M to $19.7M, Other interest earning assets increase from $672K to $6.6M.
Employees: 104 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $1,222M as of Sep 30, 2023
Annual revenue (TTM): $176.41M as of Sep 30, 2023
EBITDA (TTM): $45.49M as of Sep 30, 2023
Net annual income (TTM): $25.28M as of Sep 30, 2023
Free cash flow (TTM): -$55.11M as of Sep 30, 2023
Net Debt Last Fiscal Year: $928.30M as of Sep 30, 2023
Shares outstanding: 24,648,181 as of Nov 8, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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