NewtekOne, Inc. (NEWTH)
NewtekOne, Inc. operates in the Banks - Regional industry of the Financial Services sector, headquartered in Boca Raton, FL, US. The stock last traded at $25.18, down 0.24% on the session, giving a market capitalisation of $428.1M. On trailing twelve-month figures it carries a trailing P/E of 5.40, a net margin of 19.3%. Its beta of 1.37 implies it has historically moved more than the broad market.
NewtekOne, Inc. functions as the bank holding company for Newtek Bank, National Association, providing a diverse array of business and financial services to small and medium-sized enterprises (SMBs) under the Newtek brand. The company's banking operations encompass accepting various types of deposits, including demand, savings, NOW, money market, and time accounts, while also extending different loan products such as SBA loans, commercial and industrial loans, and commercial real estate loans. Beyond core banking, NewtekOne specializes in electronic payment processing, which includes credit and debit card services, check approval, and supplying the necessary equipment and software. They also implement cloud-based Point of Sale (PoS) systems designed for a wide range of industries, from restaurants, retail, and assisted living to taxi services, parks, and golf courses. Further expanding its service portfolio, the company offers wholesale brokerage insurance agency services. It also supports independent business owners with payroll management, related payment processing, and tax reporting. Additionally, NewtekOne delivers comprehensive technology solutions, including website hosting (dedicated and cloud), web design and development, internet marketing, and e-commerce capabilities. Data storage, backup, and disaster recovery services are also provided, along with consulting and implementing technology solutions for enterprise, commercial, and SMB clients. NewtekOne, Inc., founded in 1998 and headquartered in Boca Raton, Florida, adopted its current name in January 2023, having previously operated as Newtek Business Services Corp.
NewtekOne, Inc. is most often compared with the following Financial Services names: