NewtekOne, Inc. (NEWTH) 10-Year Financial Performance & Capital Metrics

NEWTH • • Banking & Credit

Financial ServicesCredit ServicesBusiness Development & Commercial LendingMiddle Market Lenders

AboutNewtekOne, Inc. operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans. It is also involved in the provision of electronic payment processing services comprising credit and debit card processing services, check approval services, processing equipment, and software, as well as cloud-based Point of Sale systems for a various restaurant, retail, assisted living, taxi cabs, parks, and golf course businesses. In addition, it offers wholesale brokerage insurance agency services; and payroll management, and related payment and tax reporting services to independent business owners. Further, the company provides website hosting, dedicated server hosting, cloud hosting, web design and development, internet marketing, ecommerce, data storage, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients as well as SMBs. The company was formerly known as Newtek Business Services Corp. and changed its name to NewtekOne, Inc. in January 2023. NewtekOne, Inc. was founded in 1998 and is headquartered in Boca Raton, Florida.Show more

Net Interest Income $0
Total Revenue $339M +24.9%
Net Income $51M +7.4%
Return on Equity 18.65% +23.0%
Net Interest Margin 0%
Efficiency Ratio 33.96% -8.8%
ROA 2.91% -25.2%
Equity / Assets 14.38% -17.4%
Book Value per Share 11.76 +15.0%
Tangible BV/Share 9.34 +26.9%
Debt/Equity 2.41 -7.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 34.0% efficiency ratio
✓Well capitalized: 14.4% equity/assets
✓Healthy dividend yield of 3.2%
✓Diversified revenue: 100.0% from non-interest income
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 2.4x
✗Weak Piotroski F-Score: 3/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.68%

5Y41.7%

3Y26.26%

TTM-

Profit (Net Income) CAGR

10Y29.04%

5Y4.33%

3Y-15.45%

TTM36.69%

EPS CAGR

10Y14.19%

5Y-

3Y-

TTM22.4%

ROCE

10Y Avg8.91%

5Y Avg10.23%

3Y Avg10.18%

Latest9.85%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	0	0	0	0	0	0	0
NII Growth %	-	-	-	-	-	-	-	-	-	-
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	0	0	0	0
Loan Loss Provision	326K	296K	6.27M	8.85M	0	0	0	0	44.3M	58.35M
Non-Interest Income+	59.93M	62.59M	78.33M	92.69M	59.3M	92.2M	168.28M	131.5M	271.14M	338.73M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	59.93M	62.59M	78.33M	92.69M	59.3M	92.2M	168.28M	131.5M	271.14M	338.73M
Revenue Growth %	-0.55%	0.04%	0.25%	0.18%	-0.36%	0.55%	0.83%	-0.22%	1.06%	0.25%
Non-Interest Expense	0	0	0	0	43.7M	41.88M	30.93M	32.69M	100.94M	115.02M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	35.74M	27.91M	38.52M	52.75M	15.6M	50.32M	137.35M	98.8M	125.9M	165.36M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	1.03%	-0.22%	0.38%	0.37%	-0.7%	2.23%	1.73%	-0.28%	0.27%	0.31%
Pretax Income+	35.74M	27.3M	38.98M	35.68M	41.13M	33.62M	85.47M	38.77M	45.37M	68.69M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	1.33M	6.46M	-1.96M	17.84M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	35.74M	27.3M	38.98M	35.68M	41.13M	33.62M	84.14M	32.31M	47.33M	50.85M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	7.99%	-0.24%	0.43%	-0.08%	0.15%	-0.18%	1.5%	-0.62%	0.46%	0.07%
Net Income (Continuing)	35.74M	27.3M	38.98M	35.68M	41.13M	33.62M	84.14M	32.31M	47.33M	50.85M
EPS (Diluted)+	3.32	1.88	2.25	0.00	0.00	0.00	0.00	1.34	1.88	1.96
EPS Growth %	5.38%	-0.43%	0.2%	-1%	-	-	-	-	0.4%	0.04%
EPS (Basic)	3.32	1.88	2.25	1.91	2.13	1.59	3.69	1.34	1.89	1.97
Diluted Shares Outstanding	10.77M	14.54M	17.33M	0	0	0	0	24.2M	24.35M	25.19M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	27.18M	22.9M	20.54M	31.35M	1.76M	51.42M	186.86M	125.61M	153.09M	353.15M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	0	0	0	0	659.04M	0	0	0	73.76M	81.59M
Investments Growth %	-	-	-	-	-	-1%	-	-	-	0.11%
Long-Term Investments	0	0	0	0	659.04M	0	0	0	73.76M	81.59M
Accounts Receivables	0	0	0	0	1000K	0	0	0	200K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	25.89M	14.09M
Intangible Assets	0	0	0	0	24.41M	0	0	0	43.96M	46.92M
PP&E (Net)	0	0	0	0	7.99M	6.93M	7.31M	6.48M	5.7M	5.69M
Other Assets	0	0	0	0	16.07M	-6.93M	-7.31M	-6.48M	63.65M	29.34M
Total Current Assets	0	0	0	0	89.89M	0	0	0	1.22B	1.88B
Total Non-Current Assets	0	0	0	0	707.52M	0	0	0	212.95M	177.63M
Total Assets+	352.43M	401.45M	519.61M	653.34M	797.41M	840.98M	1.06B	998.9M	1.43B	2.06B
Asset Growth %	0.16%	0.14%	0.29%	0.26%	0.22%	0.05%	0.26%	-0.05%	0.43%	0.44%
Return on Assets (ROA)	0.11%	0.07%	0.08%	0.06%	0.06%	0.04%	0.09%	0.03%	0.04%	0.03%
Accounts Payable	0	0	0	0	2.47M	0	0	0	15.45M	18.28M
Total Debt+	132.62M	171.24M	216.25M	331.63M	441.82M	460.48M	481.11M	547.3M	651.07M	714.54M
Net Debt	105.44M	148.35M	195.71M	300.28M	440.06M	409.05M	294.25M	421.69M	497.99M	361.39M
Long-Term Debt	132.62M	166.14M	216.25M	296.93M	401.93M	451.78M	472.05M	501.42M	606M	708.04M
Short-Term Debt	0	5.1M	0	34.7M	30M	1.55M	1.88M	37.9M	38.12M	0
Other Liabilities	-133.56M	-172.13M	-224.42M	-306.17M	24.2M	-470.33M	-491.96M	-528.59M	489.84M	998.66M
Total Current Liabilities	0	0	0	0	39.16M	0	0	0	77.68M	52.81M
Total Non-Current Liabilities	0	0	0	0	436.02M	0	0	0	1.1B	1.71B
Total Liabilities	148.48M	192.36M	241.28M	365.9M	475.19M	501.63M	652.67M	623.54M	1.18B	1.76B
Total Equity+	203.95M	209.09M	278.33M	287.44M	322.23M	339.35M	403.89M	375.36M	249.05M	296.28M
Equity Growth %	0.23%	0.03%	0.33%	0.03%	0.12%	0.05%	0.19%	-0.07%	-0.34%	0.19%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.19%	0.13%	0.16%	0.13%	0.13%	0.1%	0.23%	0.08%	0.15%	0.19%
Book Value per Share	18.94	14.38	16.06	-	-	-	-	15.51	10.23	11.76
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	290K	293K	369K	379K	411K	439K	483K	492K	492K	526K
Additional Paid-in Capital	189.03M	188.47M	247.36M	254.5M	289.96M	316.63M	367.66M	354.24M	200.91M	218.27M
Retained Earnings	4.44M	8.09M	14.79M	4.04M	31.85M	22.29M	35.74M	20.62M	28.05M	57.77M
Accumulated OCI	10.19M	12.24M	15.8M	28.52M	0	0	0	0	-148K	-21K
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	19.74M	19.74M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-25.3M	-14.1M	-16.26M	-38.35M	-20.96M	32.68M	173.26M	-52.06M	-88.6M	-4.66M
Operating CF Growth %	-1.12%	0.44%	-0.15%	-1.36%	0.45%	2.56%	4.3%	-1.3%	-0.7%	0.95%
Net Income	35.74M	27.3M	38.98M	35.68M	41.13M	33.62M	84.14M	32.31M	47.33M	50.85M
Depreciation & Amortization	326K	296K	402K	484K	501K	402K	304K	239K	2.88M	1.78M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-31.77M	-68.25M	-43.62M	-38.76M	-42.16M	3.49M	-41.69M	-32.17M	-50.7M	-55.99M
Working Capital Changes	-29.58M	26.55M	-12.03M	-35.76M	-20.43M	-4.83M	130.5M	-52.44M	-88.12M	-1.3M
Cash from Investing+	302K	-375K	-57.12M	-35.94M	-68.12M	-14.93M	-32.34M	-10.37M	-252.85M	-357.41M
Purchase of Investments	0	0	-428.1M	-479.85M	-571.98M	-1.47B	-1.35B	-831.54M	-832.14M	-1.18B
Sale/Maturity of Investments	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	11.14M	0
Other Investing	407K	0	0	-70.62M	8.4M	38.44M	0	0	-139.65M	-211.72M
Cash from Financing+	24.14M	9.03M	69.34M	85.11M	90.94M	465K	-5.49M	1.18M	344.97M	560.9M
Dividends Paid	-24.31M	-27.3M	-28.2M	-32.43M	-40.77M	-42.58M	-70.14M	-64.54M	-14.15M	-20.25M
Share Repurchases	0	-866K	0	0	-93K	-91K	-1.57M	0	0	-402K
Stock Issued	35.29M	0	56.66M	5.2M	33.74M	25.57M	50.01M	2.02M	19.49M	14.03M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Financing	2.48M	-1.18M	-2.35M	-109K	0	43K	0	-826K	-4.84M	-299K
Net Change in Cash+	0	0	0	0	1.86M	18.22M	135.44M	-61.25M	58.4M	197.37M
Exchange Rate Effect	0	0	0	0	0	0	0	0	1000K	-1000K
Cash at Beginning	33.2M	27.18M	22.9M	20.54M	31.35M	33.21M	51.42M	186.86M	125.61M	184.01M
Cash at End	27.18M	22.9M	20.54M	31.35M	33.21M	51.42M	186.86M	125.61M	184.01M	381.37M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	-25.4M	-14.47M	-16.71M	-38.98M	-21.09M	32.67M	173.26M	-52.08M	-89.06M	-5.1M
FCF Growth %	-0.91%	0.43%	-0.15%	-1.33%	0.46%	2.55%	4.3%	-1.3%	-0.71%	0.94%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	19.3%	13.22%	15.99%	12.61%	13.49%	10.16%	22.64%	8.29%	15.16%	18.65%
Return on Assets (ROA)	10.88%	7.24%	8.46%	6.08%	5.67%	4.1%	8.87%	3.14%	3.9%	2.91%
Net Interest Margin	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Efficiency Ratio	0%	0%	0%	0%	73.7%	45.43%	18.38%	24.86%	37.23%	33.96%
Equity / Assets	57.87%	52.08%	53.56%	44%	40.41%	40.35%	38.23%	37.58%	17.42%	14.38%
Book Value / Share	18.94	14.38	16.06	-	-	-	-	15.51	10.23	11.76
Dividend Payout	-	-	-	-	-	126.66%	83.36%	199.76%	29.89%	39.82%

Frequently Asked Questions

Valuation & Price

NewtekOne, Inc. (NEWTH) has a price-to-earnings (P/E) ratio of 12.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

NewtekOne, Inc. (NEWTH) grew revenue by 24.9% over the past year. This is strong growth.

Yes, NewtekOne, Inc. (NEWTH) is profitable, generating $59.3M in net income for fiscal year 2024 (15.0% net margin).

Dividend & Returns

Yes, NewtekOne, Inc. (NEWTH) pays a dividend with a yield of 3.20%. This makes it attractive for income-focused investors.

NewtekOne, Inc. (NEWTH) has a return on equity (ROE) of 18.7%. This is reasonable for most industries.

Industry Metrics

NewtekOne, Inc. (NEWTH) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.

NewtekOne, Inc. (NEWTH) has an efficiency ratio of 34.0%. This is excellent, indicating strong cost control.

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