NewtekOne recently released its latest 10-Q report. NewtekOne, Inc. is the bank holding company for Newtek Bank, National Association, serving small* and medium-sized businesses with deposit products, lending, payments processing, payroll, insurance brokerage, and related business services. The company operates under the Newtek and NewtekOne brands and is headquartered in Boca Raton, Florida.
In Item 2, Management’s Discussion and Analysis, the company says its business is built around Newtek Bank, a branchless national bank, and a mix of lending and fee-based services aimed at independent business owners. Its loan portfolio includes SBA 7(a), SBA 504, commercial and industrial, commercial real estate, and asset-based lending, while its deposit base includes demand, savings, NOW, money market, certificates of deposit, and business checking accounts. NewtekOne also says it sources business through its websites, alliance partners, and its NewTracker platform, and that its income is heavily influenced by noninterest income such as gains on loan sales and market value adjustments.
The filing says Newtek Bank has PLP status under the SBA 7(a) program, allowing it to place SBA guarantees without prior SBA review. NewtekOne says Newtek Bank is currently ranked as the third-largest SBA 7(a) lender by dollar volume of loans approved. It also says the company’s SBA lending depends on maintaining that status, growing deposits, and keeping access to capital.
The company states that its SBA 7(a) model is designed to sell the government-guaranteed portions of loans, generally within about 180 days of origination, while retaining the unguaranteed portions. NewtekOne says premiums on the guaranteed portions have historically exceeded 10%, depending on loan characteristics and market conditions. It also says it records CECL reserves on loans held for investment at amortized cost, with reserves on unguaranteed SBA 7(a) loans exceeding 6%.
NewtekOne says it closed a securitization in the second quarter of 2025 backed by $216.6 million of ALP loans. In January 2026, NALH closed the 2026-1 securitization, selling $251.9 million of Class A Notes, $35.9 million of Class B Notes, and $6.8 million of a Class C Note issued by NALP Business Loan Trust 2026-1. The company says it began originating C&I LA loans out of Newtek Bank in the first quarter of 2026 and does not currently anticipate originating loans out of its non-bank subsidiaries.
The filing also says NewtekOne’s common shares trade on the Nasdaq Global Market under the symbol NEWT. Today the company's shares have moved 3.95% to a price of $14.21. For more information, read the company's full 10-Q submission here.
