N
NewtekOne, Inc.
Period
FY 2024
Revenue
—
Net Income
$50.85M
Total Assets
$2.06B
Equity
$296.28M
Shares Out
28.86M
Op. Cash Flow
$-153.01M
Business
NewtekOne, Inc. is a financial holding company providing a suite of business and financial solutions to independent business owners and small-to-medium enterprises (SMBs) under the Newtek and NewtekOne brands. The company's core offerings include SBA 7(a) and 504 lending, commercial real estate and C&I loans, merchant payment processing, payroll and benefits administration, and insurance services, accessed through its proprietary NewTracker platform and Newtek Advantage business portal. NewtekOne operates through its bank subsidiary Newtek Bank (originating and servicing loans, gathering deposits) and multiple non-bank subsidiaries (merchant solutions, payroll, insurance, alternative lending) serving SMBs across all 50 U.S. states.
Summary from 10-K filed 2026-03-10
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Debt securities available-for-sale | 1 | 2 | 0 | 0 | — | |
| Loans and fees on loans | 111 | 84 | 36 | 26 | — | |
| Interest from affiliates | 0 | 0 | 3 | 3 | — | |
| Other interest earning assets | 9 | 9 | 0 | 0 | — | |
| Total interest income | 121 | 94 | 39 | 79 | — | |
| Deposits | 29 | 16 | 0 | — | — | |
| Total interest expense | 81 | 68 | 26 | — | — | |
| Net interest income | 40 | 27 | 12 | 58 | — | |
| Provision for credit losses | 26 | 12 | 0 | 0 | — | |
| Net interest income after provision for credit losses | 14 | 15 | 12 | 58 | — | |
| Dividend income | 2 | 2 | 25 | 10 | — | |
| Net loss on loan servicing assets | −13 | −4 | −10 | — | — | |
| Servicing income | 20 | 18 | 14 | — | — | |
| Net gains on sales of loans | 97 | 51 | 57 | 53 | — | |
| Net gain (loss) on loans under the fair value option | 5 | 18 | −27 | 11 | — | |
| Technology and IT support income | 20 | 25 | 0 | 0 | — | |
| Electronic payment processing income | 46 | 43 | 0 | 0 | — | |
| Other noninterest income | 40 | 24 | 34 | 10 | — | |
| Total noninterest income | 217 | 177 | 93 | 89 | — | |
| Salaries and employee benefits expense | 78 | 66 | 20 | 18 | 14 | |
| Technology services expense | 12 | 14 | 0 | 0 | — | |
| Electronic payment processing expense | 20 | 18 | 0 | 0 | — | |
| Professional services expense | 16 | 13 | 7 | 6 | 4 | |
| Other loan origination and maintenance expense | 14 | 9 | 31 | 30 | — | |
| Depreciation and amortization | 2 | 3 | 239,000 | 304,000 | 402,000 | |
| Loss on extinguishment of debt | 0 | 271,000 | 417,000 | 2 | 0 | |
| Other general and administrative costs | 21 | 22 | 8 | 7 | 6 | |
| Total noninterest expense | 163 | 146 | 66 | 62 | — | |
| Net income before taxes | 69 | 45 | 39 | 85 | — | |
| Income tax expense (benefit) | 18 | −2 | 6 | 1 | — | |
| Net income | 51 | 47 | 32 | 84 | 34 | |
| Dividends to preferred shareholders | −2 | −1 | 0 | 0 | — | |
| Net income available to common shareholders | 49 | 46 | 32 | 84 | — | |
| Basic (in dollars per share) | 1.97 | 1.89 | 1.34 | 3.69 | 1.59 | |
| Diluted (in dollars per share) | 1.96 | 1.88 | 1.34 | 3.69 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-09-30 | FY 2023 2023-06-30 | FY 2023 2023-03-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 7 | 15 | 224 | 256 | 197 | |
| Restricted cash | 28 | 31 | — | — | — | |
| Interest bearing deposits in banks | 346 | 138 | — | — | — | |
| Total cash and cash equivalents | 381 | 184 | — | — | — | |
| Debt securities available-for-sale, at fair value | 24 | 32 | — | — | — | |
| Loans held for sale, at fair value | 372 | 119 | — | — | — | |
| Loans held for sale, at LCM | 59 | 57 | — | — | — | |
| Loans held for investment, at fair value | 370 | 470 | — | — | — | |
| Loans held for investment, at amortized cost, net of deferred fees and costs | 622 | 336 | — | — | — | |
| Allowance for credit losses | −30 | −13 | — | — | — | |
| Loans held for investment, at amortized cost, net | 591 | 324 | — | — | — | |
| Federal Home Loan Bank and Federal Reserve Bank stock | 4 | 4 | — | — | — | |
| Settlement receivable | 52 | 62 | — | — | — | |
| Goodwill and intangibles | 15 | 30 | 31 | 32 | 32 | |
| Right of use assets | 6 | 6 | — | — | — | |
| Deferred tax asset, net | 0 | 5 | 16 | 13 | 13 | |
| Servicing assets, at fair value | 22 | 29 | — | — | — | |
| Servicing assets, at LCM | 24 | 10 | — | — | — | |
| Other assets | 61 | 56 | 50 | 48 | 51 | |
| Assets held for sale | 21 | 0 | — | — | — | |
| Total assets | 2,060 | 1,430 | 1,393 | 1,451 | 1,260 | |
| Noninterest-bearing | 11 | 10 | — | — | — | |
| Interest-bearing | 962 | 453 | — | — | — | |
| Total deposits | 973 | 464 | 433 | 447 | 248 | |
| Borrowings | 708 | 644 | — | — | — | |
| Dividends payable | 5 | 5 | — | — | — | |
| Lease liabilities | 6 | 7 | — | — | — | |
| Deferred tax liabilities, net | 2 | 0 | — | — | — | |
| Due to participants | 22 | 24 | — | — | — | |
| Accounts payable, accrued expenses and other liabilities | 41 | 37 | 37 | 38 | 45 | |
| Liabilities directly associated with assets held for sale | 6 | 0 | — | — | — | |
| Total liabilities | 1,764 | 1,180 | 1,151 | 1,216 | 1,027 | |
| Commitment and contingencies (Note 15) | — | — | — | — | — | |
| Preferred stock (par value $0.02 per share; authorized 20 shares, 20 shares issued and outstanding) | 20 | 20 | — | — | — | |
| Common stock (par value $0.02 per share; authorized 199,980 shares, 26,291 and 24,680 shares issued and outstanding, respectively) | 526,000 | 492,000 | — | — | — | |
| Additional paid-in capital | 218 | 201 | 200 | 199 | 199 | |
| Retained earnings | 58 | 28 | 22 | 16 | 14 | |
| Accumulated other comprehensive income (loss), net of income taxes | −21,000 | −148,000 | — | — | — | |
| Total shareholders' equity | 296 | 249 | 242 | 235 | 233 | |
| Total liabilities and shareholders' equity | 2,060 | 1,430 | 1,393 | 1,451 | 1,260 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 | FY 2020 2020-12-31 |
|---|---|---|---|---|---|---|
| Net unrealized (appreciation) depreciation on investments | −11 | −3 | −24 | — | — | |
| Loan servicing asset revaluation | 13 | 4 | 10 | 7 | — | |
| Net unrealized (appreciation) depreciation on derivative transactions | −1 | 699,000 | −183,000 | 183,000 | — | |
| Unrealized loss on assets classified as held for sale | 616,000 | 0 | 0 | — | — | |
| Net accretion of premium/discount | −836,000 | −675,000 | 0 | 0 | — | |
| Amortization of deferred financing costs | 5 | 4 | 2 | 3 | 2 | |
| Provision for credit losses | 26 | 12 | 0 | 0 | — | |
| Lower of cost or market adjustment on loans held for sale | −73,000 | 0 | 0 | — | — | |
| Bad debt expense, net of recoveries | 1 | 4 | 0 | 397,000 | 0 | |
| Stock compensation expense | 4 | 3 | 0 | 0 | — | |
| Deferred income tax expense (benefit) | 10 | −5 | 6 | 1 | −999,000 | |
| Proceeds from sale of loans held for sale | 818 | 695 | 691 | 1,203 | — | |
| Purchase of loans held for sale | 0 | 0 | −2 | −9 | — | |
| Sale (purchase) of loans held for sale from affiliate | 140 | −5 | 0 | — | — | |
| Funding of loans held for sale | −1,125 | −783 | −776 | — | — | |
| Principal received on loans held for sale | 19 | 12 | 74 | 77 | — | |
| Principal received on investments | 0 | 0 | 7 | — | — | |
| Return of investments from controlled investments | 0 | 0 | 49 | 35 | 19 | |
| Other, net | −230,000 | 0 | 3 | 3 | 1 | |
| Settlement receivable | 10 | −62 | 45 | 8 | −2 | |
| Income tax payable | 19,000 | −4 | 0 | — | — | |
| Dividends receivable | 0 | 493,000 | 0 | 0 | — | |
| Due to/from related parties | −91,000 | −165,000 | 3 | 677,000 | −1 | |
| Other assets | −14 | 7 | 2 | 800,000 | −7 | |
| Assets classified as held for sale | −1 | 0 | 0 | — | — | |
| Liabilities directly associated with assets classified as held for sale | −174,000 | 0 | 0 | — | — | |
| Dividends payable | 441,000 | 5 | 0 | 0 | — | |
| Due to participants | −2 | −12 | −111 | 128 | — | |
| Accounts payable, accrued expenses and other liabilities | 6 | −23 | 9 | 1 | 7 | |
| Other, net | 0 | 0 | 6,000 | 23,000 | −2,000 | |
| Net cash used in operating activities | −153 | −169 | −62 | 141 | 18 | |
| Net decrease in loans held for investment, at fair value | 67 | 29 | 0 | 0 | — | |
| Net increase in loans held for investment, at cost | −279 | −169 | 0 | 0 | — | |
| Contributions to joint ventures and other non-control investments | −26 | −15 | 0 | — | — | |
| Return of capital from joint ventures and other non-control investments | 20 | 564,000 | 0 | 0 | — | |
| Purchase of fixed assets | −439,000 | −458,000 | −11,000 | 0 | −10,000 | |
| Net decrease (increase) in Federal Home Loan Bank and Federal Reserve Bank stock | 50,000 | −2 | 0 | 0 | — | |
| Purchases of available-for-sale securities | −33 | −27 | 0 | 0 | — | |
| Purchases of available-for-sale securities | 41 | 0 | 0 | — | — | |
| Acquisitions, net of cash acquired | 0 | 11 | 0 | 0 | — | |
| Net cash used in investing activities | −209 | −172 | −11,000 | 0 | — | |
| Net borrowings (paydowns) on bank notes payable | 72 | −79 | 6 | −36 | 56 | |
| Net increase in deposits | 509 | 325 | 0 | 0 | — | |
| Repayment of Federal Home Loan Bank advances | −8 | −5 | 0 | 0 | — | |
| Proceeds from common shares sold, net of offering costs | 14 | 0 | 2 | 50 | 26 | |
| Proceeds from preferred stock, net of offering costs | 0 | 19 | 0 | 0 | — | |
| Net repayments under related party line of credit | 0 | 0 | 13 | −13 | 12 | |
| Payments on Notes Payable - Securitization Trusts | −107 | −91 | −83 | −75 | −55 | |
| Issuance of Notes Payable - Securitization Trusts | 0 | 104 | 116 | 103 | 0 | |
| Dividends paid, net of dividend reinvestment plan | −20 | −14 | −65 | −70 | −43 | |
| Payments of deferred financing costs | −6 | −5 | −3 | — | — | |
| Proceeds from common stock issued under ESPP | 207,000 | 51,000 | — | 0 | — | |
| Purchase of vested stock for employee payroll tax withholding | −299,000 | 0 | −826,000 | −2 | −48,000 | |
| Retirement of common shares | −402,000 | 0 | 0 | — | — | |
| Net cash provided by financing activities | 561 | 345 | 1 | −5 | 465,000 | |
| Net increase in cash and restricted cash | 199 | 4 | −61 | 135 | 18 | |
| Foreclosed real estate acquired | 5 | 3 | 3 | 2 | 2 | |
| Dividends declared but not paid during the period | 5 | 4 | 2 | 0 | — | |
| Issuance of common shares under dividend reinvestment plan | 0 | 219,000 | 2 | 2 | 810,000 | |
| Interest paid | 79 | 66 | 25 | 20 | — | |
| Income taxes paid | 7 | 7 | 0 | 0 | — |
Filings
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Frequently asked questions
What is NewtekOne, Inc.'s CIK number?
NewtekOne, Inc.'s SEC CIK number is 0001587987 (1587987). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NewtekOne, Inc.'s SEC filings?
All of NewtekOne, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did NewtekOne, Inc. last report earnings?
NewtekOne, Inc. (NEWT) most recently filed an earnings 8-K with the SEC on Jun 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-042658). This is NewtekOne, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is NewtekOne, Inc.'s most recent earnings 8-K?
NewtekOne, Inc.'s latest earnings 8-K (Item 2.02) was filed Jun 12, 2026 under accession 0001628280-26-042658. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View NewtekOne, Inc.'s latest earnings 8-K →
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