Welcome to our dedicated page for NewtekOne news (Ticker: NEWT), a resource for investors and traders seeking the latest updates and insights on NewtekOne stock.
NewtekOne, Inc. (NASDAQ: NEWT) delivers innovative financial solutions through its integrated banking, lending, and technology platforms. This news hub provides investors and business professionals with direct access to official announcements, strategic developments, and regulatory updates from the financial services innovator.
Track NewtekOne's latest earnings reports, partnership announcements, and technology initiatives through verified press releases. Our curated collection ensures timely access to material disclosures including SBA lending updates, payment processing innovations, and compliance-related communications.
Key updates across NewtekOne's core operations: banking service expansions, business loan program developments, payment technology enhancements, and strategic partnership announcements. Stay informed about regulatory filings and corporate governance updates that impact the company's market position.
Bookmark this page for streamlined access to NewtekOne's financial communications. Combine these official updates with third-party analysis available through Stock Titan's research tools for comprehensive market understanding.
NewtekOne (NASDAQ: NEWT) has successfully closed an offering of 2,000,000 depositary shares, each representing a 1/40th interest in its 8.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. The offering generated $48.357 million in net proceeds.
The Series B Preferred Stock will pay a non-cumulative 8.500% annual dividend through October 1, 2030, after which the rate will reset based on the five-year US treasury rate plus a fixed spread. The company plans to list the shares on Nasdaq under symbol "NEWTP". The proceeds will fund investments, repay debt, and support general corporate purposes.
This offering strengthens NewtekOne's capital position, increasing its tier one capital ratio from 16.1% to 19.2% and tier one capital by 19% from $256 million to $305 million.
NewtekOne (NASDAQ: NEWT) and its subsidiary Newtek Bank have launched an innovative all-in-one business banking solution that combines Zero-Fee Business Banking® checking accounts with merchant payment solutions in a single application process. The new system enables instant account approval and immediate payment processing capabilities through the Newtek Advantage® Dashboard.
The integrated platform allows business owners to manage banking, payments, payroll, insurance, and IT services through a unified portal, offering real-time visibility of all transactions, batches, and returns. This streamlined approach eliminates the need for multiple applications and waiting periods, providing instant access to revenue through merchant services.
NewtekOne (NASDAQ: NEWT) has announced a significant expansion of its revolving credit facility with Capital One to support its Alternative Loan Program (ALP) business. The amended facility includes an increase from $60 million to $100 million and a two-year maturity extension.
This expansion follows the recent amendment of NewtekOne's Deutsche Bank ALP facility in June. The company has completed sixteen securitization transactions since 2010, with both Capital One Securities and Deutsche Bank playing crucial roles in warehouse financing and distribution to institutional investors.
NewtekOne Inc. (NASDAQ: NEWT) reported strong Q2 2025 financial results with significant year-over-year improvements. The company achieved basic and diluted EPS of $0.53 and $0.52, representing increases of 23% and 21% respectively compared to Q2 2024.
Key financial highlights include total revenue of $70.2 million (up 15% Y/Y), net income before taxes of $18.8 million (up 27% Y/Y), and an improved efficiency ratio of 60.3%. The company demonstrated strong profitability metrics with ROAA of 2.50% and ROTCE of 19.4%.
Notable operational achievements include $205.6 million in SBA 7(a) loan originations, a successful $184 million securitization backed by ALP loans, and a 19% quarter-over-quarter increase in commercial deposits. The company maintains its 2025 EPS guidance range of $2.10-$2.50.
NewtekOne (NASDAQ: NEWT) has announced a quarterly cash dividend of $0.19 per share on its outstanding common stock. The dividend will be paid on July 21, 2025, to shareholders of record as of July 9, 2025.
The Company's Board of Directors retains discretion over the amount and timing of future dividend payments, highlighting that these distributions are subject to change based on the Board's assessment.
NewtekOne (NASDAQ: NEWT) has successfully closed a $184 million securitization backed by $216 million of Alternative Loan Program (ALP) loans. The NALP Business Loan Trust 2025-1 marks the company's 16th rated securitization and third ALP-backed securitization.
The transaction includes:
- $155.9M Class A Notes rated 'A (low) (sf)' at 6.338% yield
- $23.8M Class B Notes rated 'BBB (sf)' at 7.838% yield
- $4.3M Class C Notes rated 'BB (sf)' at 10.338% yield
The securitization achieved an 85% advance rate and weighted average yield of 6.62%. The collateralizing portfolio features a gross weighted average coupon of 13.30% and net weighted average coupon of 12.30%. The company maintains its 2025 EPS forecast of $2.10-$2.50 and reports only four ALP loan defaults with no charge-offs to date.
NewtekOne (NASDAQ: NEWT) has announced key leadership changes, with Peter Downs appointed as President of Newtek Bank, N.A. and Frank M. DeMaria as CFO of the Company. The announcement follows the bank's successful transformation since acquiring National Bank of New York City in January 2023.
The bank has achieved notable performance metrics in 2024, including a 42% efficiency ratio, 6% return on assets, and 40%+ return on tangible common equity. Additional appointments include Thomas Soucy as Chief Credit Officer, Nicholas Leger as CFO of non-bank subsidiaries, and Andrew Kaplan joining the bank's board.
The company continues to leverage its technology platform, including The Newtek Advantage®, NewTracker®, and Newtek File Vault™, to provide business and financial solutions to independent business owners through their 24/7/365 service model.
FAQ
What is the current stock price of NewtekOne (NEWT)?
What is the market cap of NewtekOne (NEWT)?
