NewtekOne (NEWT)
Digital-only bank paired with SBA lending, payments, payroll, insurance, and technology for small businesses.
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Grew from a 1998 tax-credit financing vehicle into a diversified small-business platform, then converted into a Federal Reserve-regulated bank holding company in 2023 by acquiring a New York bank. The group now pairs a digital-only bank with SBA lending, payments, payroll, insurance, and technology services for independent business owners nationwide.
Began in 1998 as a New York tax-credit financing vehicle, then built a small-business services group before converting into a Federal Reserve-regulated bank holding company in 2023 by acquiring a decades-old New York bank. The business now pairs a digital-only, branchless bank with SBA lending, merchant payment processing, payroll, insurance brokerage, and technology services under one brand.
Roughly eighty thousand independent business owners across the United States are served, drawn mainly through the lending and payments lines. SBA 7(a) loans, once originated through a non-bank affiliate ranked among the largest SBA lenders nationally, now originate directly on the bank's balance sheet.
The bank conversion shifted oversight from securities regulators to the Federal Reserve, the OCC, and the FDIC, while runoff of the pre-conversion SBA loan book continues to weigh on results.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Feb 9, 2026 | Piper Sandler | Reiterate | Rating: —Target: $13 | Target: $14 |
| Jan 9, 2026 | Piper Sandler | Reiterate | Rating: —Target: $15 | Target: $13 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $395.0M · Total debt $556.8M · Total assets $3.18B · Shareholders' equity $413.4M
- Revenue
- $95.2M
- Operating income
- $50.5M
- Net income
- $14.6M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 55.60% | 16.06M shares | |
|---|---|---|---|
| 153 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 6.40% | 1.85M shares | |
| 12 holders · as of Jun 25, 2026 | |||
| Strategic holders | 6.21% | 1.79M shares | |
| 1 holder · as of Jan 26, 2024 | |||
| Other | ≈ 31.79% | 9.18M shares | |
| remainder | |||
28.88M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.75% | 2.53M | as of Jun 30, 2026 |
Patriot Financial Partners GP Ii, L.P.Institution | 7.99% | 2.31M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 6.21% | 1.79M | filed Jan 26, 2024 |
Barry Sloane1Insiderdirector, officer: President, Chairman & CEO | 4.95% | 1.36M | filed Jun 16, 2026 |
Vanguard Capital Management LLCInstitution | 3.87% | 1.12M | as of Jun 30, 2026 |
- Barry Sloane's transaction reports restate only vehicles that traded; the 2025 ownership statement (1.36M) plus the 65.2K net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Barry Sloane | director, officer: President, Chairman & CEO | +11,000 | $14.21 |
| Jun 15, 2026 | Frank M. DeMaria | officer: Cheif Financial Officer | +500 | $13.92 |
| Jun 3, 2026 | Craig Jeffry Brunet | director | +1,000 | $12.70 |
| May 26, 2026 | Peter Mathison Downs | director, officer: President, Newtek Bank | +737 | $13.56 |
| May 15, 2026 | Craig Jeffry Brunet | director | +330 | $12.72 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NewtekOne | $11.58 | −0.49% | $336.3M | 4.9 | 5.8 | 1.0 | +7.0% |
| Live Oak Bancshares | $37.98 | −0.11% | $1.76B | 13.4 | 10.5 | 1.6 | +10.0% |
| Intuit | $289.28 | −4.88% | $83.19B | 18.4 | 12.3 | 3.9 | +13.7% |
| Byline Bancorp | $37.27 | −0.53% | $1.70B | 11.4 | 11.3 | 2.7 | +6.6% |
| Global Payments | $85.40 | +0.13% | $21.17B | — | 5.8 | 2.1 | +61.5% |
| Shift4 Payments | $39.16 | −0.53% | $3.59B | 67.4 | 5.9 | 0.7 | −35.4% |
| Priority Technology | $7.81 | +0.07% | $642.4M | 11.5 | 7.7 | 0.6 | +9.4% |
| Paychex | $113.79 | −1.06% | $40.91B | 23.6 | 19.1 | 6.3 | +12.5% |
| Median | 15.9 | 10.5 | 2.1 | +10.0% |