NewtekOne, Inc. NEWTI

FinancialsBanking ServicesUnited States of America

Last close 25.00 USD on Nov 1, 2026, +5.2% year to date

Quant rating

Quant rating C Rank 364 of 799 in Financials

Growth A 79 of 799
Valuation D 576 of 799
Quality A 64 of 799
Revisions C 495 of 799
Momentum D 591 of 799

Wall Street consensus Hold (2.71)Average target 15.20 USD −39.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 359M
Enterprise value: 3.2B
52-week range: 24.40 – 25.70
3-year range: 24.10 – 26.33
Dividend yield: 8.00%
Beta (5 years): –
Shares outstanding: 28.9M
Next earnings: Feb 12, 2027

About the company

NewtekOne, Inc. is a financial holding company, which, along with its bank and non-bank consolidated subsidiaries, provides a range of business and financial solutions under the Newtek brand to independent business owners. The Company’s segments include Banking, Alternative Lending, NSBF and Payments. Its business and financial solutions include Banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing and Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, the Company offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com). The Company’s lending solutions include term loans and revolving lines of credit. The Company’s insurance solutions include commercial insurance, personal insurance, employee benefits and life insurance.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	309	273	203	131	160	–
Revenue growth	13.3%	34.3%	54.7%	−18.0%	54.8%	24.5%
EPS (basic, normalized)	2.22	1.97	1.90	1.35	3.76	–
EPS growth	12.2%	4.0%	40.6%	−64.1%	136.5%	6.9%
Gross margin	94.2%	92.7%	91.0%	100.0%	–	94.5%
Net margin	18.8%	18.0%	22.6%	24.6%	52.5%	27.3%
ROE	18.6%	18.2%	13.4%	13.3%	21.3%	17.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	281
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	539
Net debt (mil)	2,818
Total equity (mil)	418
Net debt / equity	6.74x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	309	+13.3%	10.3x	12.19	+17.0%	2.1x	2.18	+11.2%	11.5x
2026	301	−2.8%	10.6x	13.35	+9.5%	1.9x	1.79	−17.7%	13.9x
2027	335	+11.3%	9.5x	16.73	+25.3%	1.5x	2.11	+17.4%	11.9x
2028	343	+2.5%	9.3x	27.01	+61.5%	0.9x	2.34	+11.0%	10.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	301	−2.3%	−6.4%	−9.4%	1.79	−11.1%	−29.5%	−23.2%
2027	335	−0.5%	−4.9%	−9.7%	2.11	−6.2%	−13.7%	−15.7%
2028	343	0.0%	–	–	2.34	−11.1%	−16.5%	–

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	58.3	87.2	62.8	76.9	75.2	70.2	74.9	73.3	71.0	75.1
Sales mean (mil)	48.5	59.9	61.4	68.9	63.2	73.9	79.7	80.0	80.0	74.9
Surprise	+20.2%	+45.6%	+2.3%	+11.6%	+19.0%	−5.0%	−5.9%	−8.3%	−11.3%	+0.3%
EPS reported	0.38	0.43	0.45	0.69	0.35	−0.70	0.67	0.65	0.43	0.47
EPS mean	0.25	0.41	0.43	0.66	0.35	0.52	0.64	0.68	0.44	0.48
Surprise	+54.6%	+3.6%	+3.9%	+4.0%	−1.3%	−233.4%	+4.3%	−4.6%	−1.9%	−1.2%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
NEWTI NewtekOne, Inc.	359M	–	18.8%	–	13.9x	11.9x	1.9x	1.5x
FRST Primis Financial Corp	365M	9.6%	30.7%	1.05x	11.5x	8.3x	0.8x	0.7x
TSBK Timberland Bancorp Inc	364M	19.6%	28.5%	1.17x	–	–	–	–
NEWT NewtekOne, Inc.	359M	–	18.8%	–	6.0x	5.1x	0.8x	0.6x
CFFI C&F Financial Corp	357M	12.3%	17.7%	1.16x	11.4x	11.0x	1.3x	1.2x
BRBS Blue Ridge Bankshares Inc	352M	19.2%	7.8%	1.04x	–	–	–	–
Mean		15.2%	20.4%	1.11x	10.7x	9.1x	1.2x	1.0x
Median		15.8%	18.8%	1.11x	11.4x	9.7x	1.1x	1.0x

Technical analysis

1M−0.1%
3M+0.5%
1Y+7.5%
3Y+27.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, NewtekOne, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	309	273	203	131	160	104
Total interest expense	–	–	–	–	–	–
Net interest income	309	273	203	131	160	104
Loan loss provision	–	–	–	–	–	–
Net interest income after loan loss provision	–	–	–	–	–	–
Non-interest income	–	–	–	–	–	–
Non-interest expense	–	–	–	–	–	–
Net income before taxes	80.0	68.7	45.4	38.8	84.1	33.6
Provision for taxes	19.5	17.8	−2.0	6.5	–	–
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	60.5	50.9	47.3	32.3	84.1	33.6
Extraordinary items	–	–	–	–	–	–
Net income	60.5	50.9	47.3	32.3	84.1	33.6
Basic weighted average shares (mil)	26.3	24.9	24.3	24.2	22.8	21.1
Diluted weighted average shares (mil)	26.7	25.2	24.3	24.2	22.8	21.1
Basic EPS excluding extraordinary items	2.21	1.97	1.89	1.34	3.69	1.59
Basic EPS, normalized	2.22	1.97	1.90	1.35	3.76	1.59

Balance sheet in millions of USD, fiscal years

Balance sheet, NewtekOne, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	–	–	–	–	–	–
Other earning assets	–	–	–	–	–	–
Net loans	–	–	–	–	–	–
Property, plant & equipment	2.8	5.7	5.7	6.5	7.3	6.9
Goodwill	14.1	14.1	25.9	–	–	–
Intangibles	0.5	0.7	4.2	–	–	–
Long-term investments	1,344	882	719	526	498	432
Other long-term assets	26.5	49.5	36.1	71.9	184	49.4
Other assets	221	110	99.5	340	315	292
Total assets	2,745	2,060	1,430	999	1,057	841
Liabilities
Accounts payable	2.3	3.2	3.8	2.1	3.1	21.0
Payable/accrued	17.8	13.0	12.6	–	–	–
Accrued expenses	10.3	12.9	12.4	13.9	13.8	11.7
Total deposits	–	–	–	–	–	–
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	–	–	–	–	–	–
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	820	708	644	539	472	452
Minority interest	–	–	–	–	–	–
Other liabilities	1,497	1,027	508	68.2	164	17.1
Total liabilities	2,347	1,764	1,180	624	653	502
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.6	0.5	0.5	0.5	0.5	0.4
Additional paid-in capital	254	218	201	354	368	317
Retained earnings (accumulated deficit)	95.0	57.8	28.1	20.6	35.7	21.9
Treasury stock	–	–	–	–	–	–
Other equity	48.2	19.7	19.6	0	0	0
Total equity	398	296	249	375	404	339
Total liabilities & shareholders' equity	2,745	2,060	1,430	999	1,057	841

Cash flow statement in millions of USD, fiscal years

Cash flow statement, NewtekOne, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	60.5	50.9	47.3	32.3	84.1	33.6
Depreciation, depletion & amortization	0.7	1.8	2.9	0.2	0.3	0.4
Deferred taxes	8.5	10.4	−4.8	6.5	1.3	−1.0
Non-cash items	−49.5	92.5	−38.9	50.1	19.8	30.8
Changes in working capital	−599	−310	−121	−152	35.3	−46.0
Cash from operations	−579	−154	−114	−62.4	141	17.8
Investing activities
Capital expenditures	−10.2	−0.4	−0.5	0	0	0
Other investing cash flows	−235	−209	−172	0	0	0
Cash from investing	−245	−209	−172	0	0	0
Financing activities
Financing cash flow items	441	494	315	−3.4	−6.9	−0.9
Cash dividends paid	−28.0	−20.3	−14.1	−64.5	−70.1	−42.6
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	340	86.9	44.0	69.1	71.5	44.0
Cash from financing	753	561	345	1.2	−5.5	0.5
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−71.1	197	58.4	−61.3	135	18.2
Free cash flow	−589	−155	−115	−62.4	141	17.8

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.