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 |
| Michael Adam Schwartz Chief Compliance Officer, Corporate Secretary and Chief Legal 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 three months ended 31 March 2024, NewtekOne Inc revenues increased 36% to $59.7M. Net income applicable to common stockholders decreased 49% to $9.3M. Revenues reflect Realized G/L-Invest Sec AFS/HTM-Business increase from $6.4M to $20.3M, Loans and fees on loans increase of 43% to $25M, Servicing income increase of 22% to $5.4M. Net income was offset by Total interest expense increase of 29% to $18.2M (expense). |
| Employees: | 528 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,395M as of Mar 31, 2024 |
| Annual revenue (TTM): | $217.22M as of Mar 31, 2024 |
| EBITDA (TTM): | $71.71M as of Mar 31, 2024 |
| Net annual income (TTM): | $43.66M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $1,048M as of Mar 31, 2024 |
| Shares outstanding: | 25,637,838 as of Apr 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.