Added to YB: 2026-09-24
Pitch date: 2026-09-19
NEWT [bullish]
NewtekOne, Inc.
-2.5%
current return
Author Info
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Company Info
NewtekOne, Inc. operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market.
Market Cap
$333.9M
Pitch Price
$11.42
Price Target
N/A
Dividend
6.57%
EV/EBITDA
2.40
P/E
5.29
EV/Sales
1.39
Sector
Financial Services
Category
turnaround
Portfolio Update 2 & Call with VP of IR - NewtekOne, Inc.
NEWT (added to position): Newtek’s revenue rose 14.7% year over year to $106.4M, but 2026 EPS guidance fell from $2.00-$2.20 to $1.70-$1.80 as it absorbed SBA-guaranteed losses, retained more loans and faced higher legacy-book losses. The decline from roughly $15 to $12 justified a modest addition, but further buying awaits clarity on whether voluntary SBA loss absorption persists and weakens the value of the 75% guarantee.
Read full article (10 min)