NewtekOne, Inc. $NEWT

What the company doesAI summary of filing

NewtekOne is a financial holding company regulated by the Federal Reserve that provides business and financial solutions to small and independent business owners through its Newtek and NewtekOne brands. The company operates through a bank subsidiary (Newtek Bank) and multiple non-bank subsidiaries offering lending, merchant payment processing, payroll services, insurance, and business credit solutions. NewtekOne generates revenue through originating and selling SBA 7(a) loans, retaining unguaranteed loan portions, providing merchant processing and payroll services, offering commercial banking and depository services, and selling insurance policies, with clients acquired primarily through an alliance partner network and managed via its proprietary NewTracker platform. The company is revenue-generating, having transitioned from a closed-end management investment company to a financial holding company in January 2023. [10-K 2026-03-10]

Segments: Newtek Banking, Newtek Lending (SBA 7(a), SBA 504, C&I, CRE loans), Newtek Payments (merchant processing), Newtek Payroll and Benefits Solutions