NewtekOne Inc.
Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; second lien loans, which have terms of 5 to 25 years, and unsecured loans, which are provided to meet short-term funding needs and are repaid within 6 to 12 months. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides management services. Its electronic payment processing services include credit and debit card processing, check approval, ancillary processing equipment and software to merchants, eCommerce, electronic solutions to accept non-cash payments, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs. The company also provides Website hosting, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services; Accounts Receivable Financing, and The Secure Gateway. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The firm seeks to invest in New York and Louisiana area. The firm seeks to invest $0.3 million to $3 million in businesses. It provides small business terms loans ranging from $0.05 million to $10 million. The firm also provides account receivable financing ranging from $0.05 million to $1.5 million. It also provides $0.05 million to $10 million financing to owner occupied real estate businesses whose average net income over the last 2 years must not exceed $2.5 million. Newtek Business Services Corp., formerly known as Newtek Business Services Inc., was incorporated on August 26, 2013 and is headquartered in Boca Raton, Florida with additional offices in Lake Success, New York, Garden City, New York; Miami, Florida; Milwaukee, Wisconsin; New Orleans, Louisiana; and New York, New York.
IPO Year:
Exchange: NASDAQ
Website: newtekone.com
Recent Analyst Ratings for NewtekOne Inc.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/4/2024 | $16.00 → $13.00 | Buy → Neutral | B. Riley Securities |
| 5/19/2023 | $15.00 | Buy | B. Riley Securities |
| 2/22/2023 | Neutral | Piper Sandler | |
| 8/8/2022 | Underperform → Mkt Perform | Raymond James | |
| 8/4/2021 | Market Perform → Underperform | Raymond James | |
| 8/3/2021 | Mkt Perform → Underperform | Raymond James |
NewtekOne Inc. Press Releases
Fastest customizable press release news feed in the world
NewtekOne, Inc. Closes ALP Loan Securitization with Sale of $184 Million of Rated Notes
BOCA RATON, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today that it has closed a $184 million securitization backed by $216 million of Alternative Loan Program ("ALP") loans. This securitization, NALP Business Loan Trust 2025-1, represents the Company's third asset-backed securitization secured by ALP loans, the first two of which were executed out of NewtekOne joint ventures, and is the Company's 16th rated securitization. All of the Company's prior securitizations have maintained their initial investment-grade ratings or been upgraded. Pursuant to the securitization, the Company sold $155,930,000 of Class A Notes, $23,820,000 of C
NewtekOne, Inc. Announces Peter Downs has been named President of Newtek Bank, N.A.
BOCA RATON, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- Boca Raton, FL, April 23, 2025 - NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced that Peter Downs has been named President of Newtek Bank, N.A. (the "Bank"). In addition, Frank M. DeMaria has been named Chief Financial Officer of the Company, with Scott Price maintaining the role as Chief Financial Officer of Newtek Bank, focusing on developing and executing the Bank's financial strategy. Barry Sloane, CEO, President and Chairman, said, "We acquired National Bank of New York City on January 6, 2023, and, after a relatively condensed nine operating quarters, couldn't be more pleased with our progress. We integrated and transforme
NewtekOne, Inc. Estimates $2.0 Million of Annual Expense Savings
BOCA RATON, Fla., April 14, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced the termination of three office space leases covering roughly 52,000 square feet, which will reduce the Company's annual expenses by approximately $2.0 million on a recurring basis beginning in the second quarter of 2025. These lease terminations reflect the Company's strategic shift to a mostly remote workforce and the Company's technological capabilities to produce growth without having to use expensive branches, traditional bankers, brokers, or business development officers. The Company's technology-enabled platform allows customer-facing, on-camera staff to gather deposits, orig
NewtekOne, Inc. Announces Balance Sheet Metrics for 1Q25 and Reiterates EPS Guidance for 2025
BOCA RATON, Fla., April 08, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) is pleased to provide the following preliminary loan and deposit metrics for its first quarter ending March 31, 2025: SBA 7(a) loans. In 1Q25, the Company originated 580 SBA 7(a) loans totaling $213 million, which compares to 1Q24 SBA 7(a) originations of 489 totaling $212 million. SBA 7(a) loans held for investment ("HFI") within Newtek Bank, N.A. ("Newtek Bank") stood at roughly $407 million as of March 31, up 7% from December 31, 2024 and 90% from March 31, 2024. NewtekOne continues to project SBA 7(a) originations for 2025 at $1 billion.Commercial Real Estate ("CRE") and Commercial & Ind
NewtekOne, Inc. to Report First Quarter 2025 Results on Tuesday, May 6, 2025 and Host a Conference Call on Wednesday, May 7, 2025
BOCA RATON, Fla., April 04, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) will report its first quarter 2025 financial results after the market closes on Tuesday, May 6, 2025. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, M. Scott Price, Chief Financial Officer, and Frank DeMaria, Chief Accounting Officer, the following day, Wednesday, May 7, 2025, at 8:30 am ET. Please note, to receive a dial-in number for the conference call or to listen to the webcast, interested participants are encouraged to pre-register online at NewtekOne First Quarter 2025 Financial Results beginning today and up until 15 minutes prior
NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share
BOCA RATON, Fla., March 31, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ("the Company") (NASDAQ:NEWT) announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share on the outstanding common stock of NewtekOne. The dividend is payable on April 30, 2025, to shareholders of record as of April 15, 2025. Note Regarding Dividend Payments Amount and timing of dividends, if any, remain subject to the discretion of the Company's Board of Directors. About NewtekOne, Inc. NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, "NewtekOne"), provides a wide range of busi
NewtekOne, Inc. Closes Private Offering of Senior Unsecured Notes
BOCA RATON, Fla., March 20, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) has completed an exempt offering of $30.0 million aggregate principal amount of its 8.375% notes due 2030 (the "Notes" and the "Offering"). The Offering was consummated pursuant to the terms of a purchase agreement (the "Purchase Agreement") dated March 19, 2025 between the Company and eleven institutional accredited investors (the "Purchasers"). The Purchase Agreement provided for the Notes to be issued to the Purchasers in a private placement in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"). The Notes have not been registered under the Securiti
Newtek Merchant Solutions Hires John O'Connor as Chief Revenue Officer
BOCA RATON, Fla., March 11, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today that its payment processing subsidiary Newtek Merchant Solutions ("NMS") has hired John O'Connor as Chief Revenue Officer. Initially, Mr. O'Connor will support NMS's efforts to make its merchant processing clients aware of the vast array of business and financial solutions offered by NewtekOne and its subsidiaries, including business checking and savings accounts with no fees and attractive interest rates. Most recently, Mr. O'Connor was chief growth officer for Nationwide TFS, LLC, a financial technology company and the largest electronic payments provider for the Chapter 13
Newtek Bank, N.A. Hires Vik Mahajan as Chief Investment Officer
BOCA RATON, Fla., March 05, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today that Newtek Bank. N.A., the Company's bank subsidiary, has hired Vaibhav "Vik" Mahajan as Chief Investment Officer. Mr. Mahajan will be responsible for enhancing and optimizing Newtek Bank's execution of loan sales, including SBA 504 loans and the government-guaranteed portions of SBA 7(a) loans; in addition, he will run point on sourcing loan purchase and sale opportunities for Newtek Bank. With 25 years of experience in investment banking, financial services, and consulting, Vik brings a wealth of knowledge, experience, and contacts to Newtek Bank. Most recently, Mr. Mahajan
NewtekOne, Inc. Hires Bryce Rowe as the Company's Vice President, Investor Relations
BOCA RATON, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today it has hired Bryce Rowe as Vice President, Investor Relations. Mr. Rowe will assume responsibility for all aspects of the Company's investor relations functions. Mr. Rowe joins the Company with 25 years of experience as an equity research analyst covering small-cap banks and business development companies (BDCs). Most recently, Bryce was a senior equity research analyst at B. Riley Securities. Mr. Rowe holds a B.A. from the University of Virginia and was awarded the Chartered Financial Analyst (CFA) designation in 2003. Barry Sloane, President, Chairman and CEO said,
NewtekOne Inc. Analyst Ratings
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Newtek downgraded by B. Riley Securities with a new price target
B. Riley Securities downgraded Newtek from Buy to Neutral and set a new price target of $13.00 from $16.00 previously
B. Riley Securities initiated coverage on Newtek with a new price target
B. Riley Securities initiated coverage of Newtek with a rating of Buy and set a new price target of $15.00
Piper Sandler initiated coverage on Newtek
Piper Sandler initiated coverage of Newtek with a rating of Neutral
Newtek upgraded by Raymond James
Raymond James upgraded Newtek from Underperform to Mkt Perform
Newtek Business Services downgraded by Raymond James
Raymond James downgraded Newtek Business Services from Market Perform to Underperform
Newtek downgraded by Raymond James
Raymond James downgraded Newtek from Mkt Perform to Underperform
Newtek downgraded by Compass Point with a new price target
Compass Point downgraded Newtek from Buy to Neutral and set a new price target of $38.00 from $33.00 previously
Newtek upgraded by Compass Point with a new price target
Compass Point upgraded Newtek from Neutral to Buy and set a new price target of $30.00
Keefe Bruyette resumed coverage on Newtek with a new price target
Keefe Bruyette resumed coverage of Newtek with a rating of Mkt Perform and set a new price target of $21.00
NewtekOne Inc. Insider Purchases
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
Sloane Barry bought $40,335 worth of shares (3,000 units at $13.45), increasing direct ownership by 0.26% to 1,140,280 units (SEC Form 4)
4 - NewtekOne, Inc. (0001587987) (Issuer)
Sloane Barry bought $67,967 worth of shares (5,232 units at $12.99), increasing direct ownership by 0.09% to 1,137,280 units (SEC Form 4)
4 - NewtekOne, Inc. (0001587987) (Issuer)
Salute Richard J bought $2,605 worth of shares (200 units at $13.03), increasing direct ownership by 0.70% to 28,843 units (SEC Form 4)
4 - NewtekOne, Inc. (0001587987) (Issuer)
SEC Form 4: Sloane Barry bought $14,856 worth of shares (1,000 units at $14.86), increasing direct ownership by 0.09% to 1,132,048 units
4 - NewtekOne, Inc. (0001587987) (Issuer)
SEC Form 4: Sloane Barry bought $14,900 worth of shares (1,000 units at $14.90), increasing direct ownership by 0.09% to 1,131,048 units
4 - NewtekOne, Inc. (0001587987) (Issuer)
NewtekOne Inc. Insider Trading
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
Leger Nicholas J bought $7,776 worth of shares (534 units at $14.56), sold $69 worth of shares (5 units at $13.82) and covered exercise/tax liability with 722 shares, decreasing direct ownership by 4% to 18,318 units (SEC Form 5)
5 - NewtekOne, Inc. (0001587987) (Issuer)
Mulia Salvatore Francis gifted 4,000 shares, decreasing direct ownership by 8% to 48,712 units (SEC Form 4)
4 - NewtekOne, Inc. (0001587987) (Issuer)
Zink Gregory L bought $13,232 worth of shares (952 units at $13.90), disposed of 740 shares and acquired 740 shares, increasing direct ownership by 0.74% to 26,988 units (SEC Form 5)
5 - NewtekOne, Inc. (0001587987) (Issuer)
Downs Peter Mathison bought $31,145 worth of shares (1,583 units at $19.67), increasing direct ownership by 0.47% to 70,517 units (SEC Form 5)
5 - NewtekOne, Inc. (0001587987) (Issuer)
Mulia Salvatore Francis bought $1,622 worth of shares (109 units at $14.88) and gifted 5,900 shares, decreasing direct ownership by 10% to 52,712 units (SEC Form 5)
5 - NewtekOne, Inc. (0001587987) (Issuer)
Salute Richard J bought $15,210 worth of shares (1,045 units at $14.56), increasing direct ownership by 4% to 29,888 units (SEC Form 5)
5 - NewtekOne, Inc. (0001587987) (Issuer)
Young Nicolas bought $12,049 worth of shares (824 units at $14.62) and covered exercise/tax liability with 2,733 shares, decreasing direct ownership by 6% to 29,630 units (SEC Form 5)
5 - NewtekOne, Inc. (0001587987) (Issuer)
Sloane Barry covered exercise/tax liability with 14,229 shares and bought $81,140 worth of shares (5,599 units at $14.49), decreasing direct ownership by 0.76% to 1,131,650 units (SEC Form 5)
5 - NewtekOne, Inc. (0001587987) (Issuer)
Perez-Hickman Fernando bought $1,366 worth of shares (92 units at $14.85), increasing direct ownership by 0.52% to 3,846 units (SEC Form 5) (Amendment)
5/A - NewtekOne, Inc. (0001587987) (Issuer)
Price Michael Scott bought $6,741 worth of shares (440 units at $15.32), increasing direct ownership by 2% to 19,085 units (SEC Form 5)
5 - NewtekOne, Inc. (0001587987) (Issuer)
NewtekOne Inc. SEC Filings
SEC Form 144 filed by NewtekOne Inc.
144 - NewtekOne, Inc. (0001587987) (Subject)
NewtekOne Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement
8-K - NewtekOne, Inc. (0001587987) (Filer)
SEC Form 144 filed by NewtekOne Inc.
144 - NewtekOne, Inc. (0001587987) (Subject)
NewtekOne Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
8-K - NewtekOne, Inc. (0001587987) (Filer)
NewtekOne Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
8-K - NewtekOne, Inc. (0001587987) (Filer)
SEC Form 144 filed by NewtekOne Inc.
144 - NewtekOne, Inc. (0001587987) (Subject)
SEC Form 424B5 filed by NewtekOne Inc.
424B5 - NewtekOne, Inc. (0001587987) (Filer)
NewtekOne Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits (Amendment)
8-K/A - NewtekOne, Inc. (0001587987) (Filer)
SEC Form 10-Q filed by NewtekOne Inc.
10-Q - NewtekOne, Inc. (0001587987) (Filer)
NewtekOne Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits
8-K - NewtekOne, Inc. (0001587987) (Filer)
NewtekOne Inc. Leadership Updates
Live Leadership Updates
Newtek Merchant Solutions Hires John O'Connor as Chief Revenue Officer
BOCA RATON, Fla., March 11, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today that its payment processing subsidiary Newtek Merchant Solutions ("NMS") has hired John O'Connor as Chief Revenue Officer. Initially, Mr. O'Connor will support NMS's efforts to make its merchant processing clients aware of the vast array of business and financial solutions offered by NewtekOne and its subsidiaries, including business checking and savings accounts with no fees and attractive interest rates. Most recently, Mr. O'Connor was chief growth officer for Nationwide TFS, LLC, a financial technology company and the largest electronic payments provider for the Chapter 13
Newtek Bank, N.A. Hires Vik Mahajan as Chief Investment Officer
BOCA RATON, Fla., March 05, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today that Newtek Bank. N.A., the Company's bank subsidiary, has hired Vaibhav "Vik" Mahajan as Chief Investment Officer. Mr. Mahajan will be responsible for enhancing and optimizing Newtek Bank's execution of loan sales, including SBA 504 loans and the government-guaranteed portions of SBA 7(a) loans; in addition, he will run point on sourcing loan purchase and sale opportunities for Newtek Bank. With 25 years of experience in investment banking, financial services, and consulting, Vik brings a wealth of knowledge, experience, and contacts to Newtek Bank. Most recently, Mr. Mahajan
NewtekOne, Inc. Announces Appointment of a New Independent Director
BOCA RATON, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ:NEWT) announced today the appointment of Craig "CJ" Brunet as a member of the boards of directors of NewtekOne, Inc. and Newtek Bank N.A. Mr. Brunet's career spans over 50 years with his experience rooted in the information technology and financial services sectors with specific focus in strategic planning, mergers and acquisitions, Software as a Service (SaaS), patent commercialization, cyber security, compliance, and risk management. He is currently the President and Chief Operating Officer at Advanced Cyber Security Corp, a strategic cyber security corporation focused on preventative, patented encryption techno
NewtekOne, Inc. Hires Andrew Kaplan as Chief Strategy Officer
BOCA RATON, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ:NEWT) has hired Mr. Andrew Kaplan as Chief Strategy Officer, effective today. Mr. Kaplan comes to NewtekOne with over 35 years of experience in banking and financial services, with the focus on creating and managing diverse business lines such as payments, digital banking, retail banking, premier banking, and marketing. Most recently, Mr. Kaplan was the Chief Digital Officer at Flagstar Bank, N.A., where he helped transform a dormant digital brand to a leading digital bank and developed a new vertical for the bank, resulting in multi-billion-dollar deposit growth and a 17x increase in accounts in 24 months, w
Near Intelligence's Board Grows Stronger with Key Appointments
PASADENA, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Near Intelligence, Inc. (NASDAQ:NIR), a global data intelligence platform that curates one of the world's largest sources of intelligence on people and places, today announced the appointment of two new members to its Board of Directors, effective September 19, 2023: Richard J. Salute, former Director of Capital Markets and SEC Practice at J.H. Cohn and CohnReznick LLP, and served in various leadership roles over 29 years at Arthur Andersen.Sherman Edmiston III, former managing director of Zolfo Cooper LLC (now Alix Partners), and currently a Managing Member of HI CapM Advisors, Ltd. "We're thrilled to bring these talented and
NewtekOne Inc. Financials
Live finance-specific insights
NewtekOne, Inc. Closes ALP Loan Securitization with Sale of $184 Million of Rated Notes
BOCA RATON, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) announced today that it has closed a $184 million securitization backed by $216 million of Alternative Loan Program ("ALP") loans. This securitization, NALP Business Loan Trust 2025-1, represents the Company's third asset-backed securitization secured by ALP loans, the first two of which were executed out of NewtekOne joint ventures, and is the Company's 16th rated securitization. All of the Company's prior securitizations have maintained their initial investment-grade ratings or been upgraded. Pursuant to the securitization, the Company sold $155,930,000 of Class A Notes, $23,820,000 of C
NewtekOne, Inc. to Report First Quarter 2025 Results on Tuesday, May 6, 2025 and Host a Conference Call on Wednesday, May 7, 2025
BOCA RATON, Fla., April 04, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the "Company") (NASDAQ:NEWT) will report its first quarter 2025 financial results after the market closes on Tuesday, May 6, 2025. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, M. Scott Price, Chief Financial Officer, and Frank DeMaria, Chief Accounting Officer, the following day, Wednesday, May 7, 2025, at 8:30 am ET. Please note, to receive a dial-in number for the conference call or to listen to the webcast, interested participants are encouraged to pre-register online at NewtekOne First Quarter 2025 Financial Results beginning today and up until 15 minutes prior
NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share
BOCA RATON, Fla., March 31, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ("the Company") (NASDAQ:NEWT) announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share on the outstanding common stock of NewtekOne. The dividend is payable on April 30, 2025, to shareholders of record as of April 15, 2025. Note Regarding Dividend Payments Amount and timing of dividends, if any, remain subject to the discretion of the Company's Board of Directors. About NewtekOne, Inc. NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, "NewtekOne"), provides a wide range of busi
NewtekOne, Inc. to Report Fourth Quarter and Full Year 2024 Financial Results on Wednesday, February 26, 2025, After the Market Closes
BOCA RATON, Fla., Jan. 21, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ("the Company") (NASDAQ:NEWT) announced today that it will report its fourth quarter and full year 2024 financial results after the market closes on Wednesday, February 26, 2025. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, and M. Scott Price, Chief Financial Officer, the following day, Thursday, February 27, 2025 at 8:30 am ET. Please note, to receive a dial-in number for the conference call or to listen to the webcast, interested participants are encouraged to pre-register online at NewtekOne Fourth Quarter and Full Year 2024 Financial Results beginning today and up
Newtek Bank, N.A. Reaches Over $1.0 Billion in Deposits
BOCA RATON, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ("the Company") (NASDAQ:NEWT) announced today the following deposit metrics of Newtek Bank, N.A. ("Newtek Bank" or the "Bank"), its technology-enabled banking subsidiary, at December 31, 2024: $1.03 billion in total deposits at December 31, 2024, which represents a 97.0% increase in total deposits over the year ended December 31, 2023, and growth of $884 million in total deposits since its acquisition in January 2023.Insured deposits represent approximately 78% of total deposits at December 31, 2024.Core business deposits were $216 million at December 31, 2024, an increase of $106 million, or 96%, over the same period in
NewtekOne, Inc. and Paltalk, Inc. To Hold Conference Call on January 2, 2025, To Discuss the Anticipated January 2, 2025 Closing of the Divestiture of Newtek Technology Solutions, Inc. to Paltalk, Inc.
BOCA RATON, Fla., Dec. 30, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ("the Company") (NASDAQ:NEWT) and Paltalk, Inc. ("Paltalk") (NASDAQ:PALT) will host a conference call on January 2, 2025, to discuss the anticipated January 2, 2025 closing of Paltalk's acquisition (the "Acquisition") of Newtek Technology Solutions, Inc. ("NTS"). Earlier today, Paltalk announced that Paltalk's shareholders voted to approve proposals required to close the Acquisition, which closing is presently scheduled for January 2, 2025. As previously disclosed, in connection with NewtekOne's acquisition of Newtek Bank and transition to a financial holding company, NewtekOne made a commitment to the Board of Governors o
NewtekOne, Inc. Declares a Quarterly Dividend of $0.19 per Share
BOCA RATON, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ("the Company") (NASDAQ:NEWT) announced that its Board of Directors declared a quarterly cash dividend of $0.19 per share on the outstanding common stock of NewtekOne. The dividend is payable on January 13, 2025, to shareholders of record as of December 31, 2024. Note Regarding Dividend Payments Amount and timing of dividends, if any, remain subject to the discretion of the Company's Board of Directors. About NewtekOne, Inc. NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, "NewtekOne"), provides a wide r
NewtekOne, Inc. Forecasts Originating Approximately $1.4 Billion in Business Loans in 2024
BOCA RATON, Fla., Dec. 06, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. ("the Company") (NASDAQ:NEWT) announced today that it reaffirmed its forecast to originate approximately $1.4 billion in business loans in 2024 across all of its loan products including SBA 7(a) loans, SBA 504 loans, alternative loan program loans, CRE conforming loans, and C&I conforming loans. The Company forecasts originating approximately $1.9 billion in business loans across all its loan products in 2025, which would represent an approximate 36% increase over its expectations for the 2024 total business loan origination. Most of the 2025 loan origination growth is expected from the alternative loan program, CRE confor
NewtekOne, Inc. Achieves 17.3% Sequential Growth in Record Total Loan Closings in the Third Quarter 2024 over the Second Quarter 2024
BOCA RATON, Fla., Oct. 03, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ:NEWT) announced today that NewtekOne closed a record $371.8 million of loans across all loan products for the three months ended September 30, 2024, which represents an 17.3% increase over $316.7 million of loans closed for the three months ended June 30, 2024. In addition, the Company achieved SBA 7(a) closings of $245.3 million in the third quarter 2024, a 6.6% increase over the second quarter of 2024, and a 12.5% increase over the same period last year. The Company forecasts $935.0 million in total SBA 7(a) loan closings for 2024, which would represent a 14.7% increase over 2023. Barry Sloane, President, Chairm
NewtekOne, Inc. to Report Third Quarter 2024 Financial Results on Wednesday, November 6, 2024 After the Market Closes
BOCA RATON, Fla., Oct. 02, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (NASDAQ:NEWT) announced today that it will report its third quarter 2024 financial results after the market closes on Wednesday, November 6, 2024. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer and M. Scott Price, Chief Financial Officer, the following day, Thursday, November 7, 2024 at 8:30 am ET. Please note, to receive a dial-in number for the conference call or to listen to the webcast, interested participants are encouraged to pre-register online at NewtekOne Third Quarter 2024 Financial Results beginning today and up until 15 minutes prior to the start of the N
NewtekOne Inc. Large Ownership Changes
This live feed shows all institutional transactions in real time.
SEC Form SC 13G filed by NewtekOne Inc.
SC 13G - NewtekOne, Inc. (0001587987) (Subject)
SEC Form SC 13D filed by NewtekOne Inc.
SC 13D - NewtekOne, Inc. (0001587987) (Subject)
SEC Form SC 13G filed by NewtekOne Inc.
SC 13G - NewtekOne, Inc. (0001587987) (Subject)
SEC Form SC 13G filed by NewtekOne Inc.
SC 13G - NewtekOne, Inc. (0001587987) (Subject)
SEC Form SC 13D filed by NewtekOne Inc.
SC 13D - NewtekOne, Inc. (0001587987) (Subject)
SEC Form SC 13D filed by Newtek Business Services Corp.
SC 13D - Newtek Business Services Corp. (0001587987) (Subject)