NewtekOne, Inc. (NEWT) Stock

NewtekOne, Inc. (NEWT) is a Financials stock trading at $12.52 (as of 2026-08-21), with a market capitalization of $361.64M and a trailing P/E of 5.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NewtekOne, Inc. is a financial holding company that provides business and financial solutions through a set of brands, including Newtek Bank, Newtek Lending, Newtek Payments, Newtek Insurance, Newtek Payroll, and Newtek Technology. Its services are offered through these operating segments to support customer financial needs.

Understand NewtekOne, Inc.: how it makes money

NewtekOne, Inc. is a financial holding company offering banking, lending, payments, insurance, payroll, and related financial technology services, and it makes money through its business and financial solutions under brands such as Newtek Bank, Newtek Lending, and Newtek Payments.

Profitability appears to be driven by loan origination throughput and how those originated loans are handled, since the company highlights operating metrics around loan originations (including SBA 7(a) and SBA 504) and balances like alternative loan program loans held in securitization trusts versus on-balance sheet loans.

Business quality (Solid): The available operating metrics emphasize loan origination activity and securitization versus on-balance-sheet loan balances, but there is no provided official segment revenue breakdown in the facts given.

Valuation: At 6× earnings, NEWT trades 49% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Multiple origination channels: Disclosed loan origination metrics cover SBA 7(a) and SBA 504, plus alternative lending programs, indicating the platform supports more than one lending pathway.
Securitization activity is tracked: The company separately reports alternative loan program loans held in securitization trusts, suggesting active management or monetization routes beyond purely holding loans on balance sheet.

Bear case

Dependence on origination economics: Because the key operating metrics focus on loan origination dollar volume, changes in origination volumes or mix across SBA and alternative programs could materially affect results.
Securitization structure adds complexity: The presence of alternative loan program loans held in securitization trusts implies reliance on securitization-related structures, which can change economic outcomes if terms or market conditions shift.

Valuation — source: SEC EDGAR (first-party)
Price	$12.52
Market Cap	$361.64M
P/E Ratio	5.5
Price / Book	0.87
Price / Sales	2.31
FCF Yield	-204.5%
DCF Value (model)	$28.34
DCF Upside vs Price	126.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$146.27M
Net Margin	41.4%
Revenue Growth (YoY)	20.9%
EPS Growth (YoY)	-9.4%
FCF Growth (YoY)	-18.3%

Valuation vs Sector & Industry
Stock P/E	5.5
Sector P/E (Financials)	15.1
Industry P/E (Banking)	13.0
vs Sector	-63.4%
vs Industry	-57.4%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Patriot Financial Partners GP II, L.P. ($25.27M)
Institutional Holders Tracked	10
Congressional Trades (recent)	5

Company
Sector	Financials
Industry	Banking
CEO	Barry Scott Sloane
Employees	591
Country	US
IPO Date	2000-09-27

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.