NewtekOne Inc (OQ:NEWT)
Business Focus: Corporate Financial Services
| 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 |
| Key People | ||
| Barry S. Sloane Chairman of the Board, President, Chief Executive Officer | M. Scott Price Chief Financial Officer | Frank M. Demaria Executive Vice President, Chief Accounting Officer |
| Halli Razon - Feingold Senior Vice President of Human Resources, Chief Administrative Officer, Director | Taylor Quinn Senior Vice President, Chief Risk Officer | Nicholas J. Leger Senior Vice President, Treasurer |
| Peter Downs Director, Chief Lending Officer and President of Newtek Small Business Finance, LLC | Andrew Kaplan Chief Strategy Officer | Michael Adam Schwartz Chief Legal Officer and Corporate Secretary |
| 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 2024, NewtekOne Inc revenues increased 32% to $191.3M. Net income applicable to common stockholders decreased 12% to $31.3M. Revenues reflect Realized G/L-Invest Sec AFS/HTM-Business increase from $33.5M to $68.5M, Loans and fees on loans increase of 33% to $80.3M, Other noninterest income increase of 65% to $28.6M. |
| Employees: | 528 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,532M as of Sep 30, 2024 |
| Annual revenue (TTM): | $245.39M as of Sep 30, 2024 |
| EBITDA (TTM): | $94.59M as of Sep 30, 2024 |
| Net annual income (TTM): | $49.71M as of Sep 30, 2024 |
| Free cash flow (TTM): | -$94.61M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $1,143M as of Sep 30, 2024 |
| Shares outstanding: | 26,305,056 as of Nov 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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