Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
NewtekOne, Inc. (NASDAQ: NEWT) is a financial holding company that provides business and financial solutions primarily to independent business owners and small- to medium-sized enterprises (SMEs) in the United States. The company operates across commercial lending, payments, technology, insurance, payroll, and banking services, positioning itself as an integrated provider of business solutions rather than a traditional monoline lender. NewtekOne historically built its business around U.S. Small Business Administration (SBA) lending and has been one of the more active non-bank SBA 7(a) lenders in the U.S. market. Its revenue drivers include interest income from lending operations, loan servicing and sale income, payment processing revenue, technology services, and fee-based business services.
The company evolved from a business development company (BDC) structure into a financial holding company following the acquisition of National Bank of New York City in 2023, which was subsequently renamed Newtek Bank, N.A. This transition materially expanded NewtekOne’s banking capabilities and funding structure. The company’s strategy centers on cross-selling financial and operational services to business clients through a unified platform, leveraging SBA expertise, technology-enabled distribution, and long-standing relationships with small business customers.
Business Operations
NewtekOne generates revenue through several operating businesses that support lending, banking, and business services. Key operations include Newtek Bank, N.A., which provides deposit products and banking services; Newtek Small Business Finance, focused on SBA 7(a) lending and loan servicing; Newtek Merchant Solutions, which provides payment processing services; Newtek Technology Solutions, which offers cloud computing, cybersecurity, and managed IT services; and Newtek Insurance Agency, which provides commercial insurance products. The company also operates payroll and HR-related businesses and maintains technology infrastructure designed to support integrated client onboarding and servicing.
The company’s operations are primarily U.S.-based, though some technology and payment processing capabilities support broader digital commerce activity. NewtekOne historically monetized SBA loan originations through secondary market loan sales and servicing rights, while also earning recurring fee income from ancillary services. Its banking operations have expanded the company’s access to deposits as a funding source. Strategic relationships with independent sales organizations, referral partners, and business service providers support customer acquisition across multiple verticals.
Strategic Position & Investments
NewtekOne’s strategic direction has focused on transforming from a specialty finance company into a diversified financial holding company serving independent businesses. A major milestone in this transition was the acquisition of National Bank of New York City, which strengthened the company’s balance sheet structure and enabled broader banking capabilities. The company has continued investing in integrated digital infrastructure intended to unify lending, payments, deposit products, payroll, and technology services under a single ecosystem for small business customers.
The company has also emphasized cross-selling opportunities among its subsidiaries and expanding recurring revenue streams outside traditional loan gain-on-sale activity. NewtekOne maintains investments in technology-enabled business services and has participated in sectors tied to digital payments, cybersecurity, cloud services, and electronic commerce support. Its positioning within SBA lending remains strategically important, as the company has consistently ranked among notable SBA 7(a) loan originators by volume in recent years according to public SBA reporting and company disclosures.
Geographic Footprint
NewtekOne is headquartered in Boca Raton, Florida, and primarily operates across the United States through a national lending and business services platform. Its banking operations are conducted through Newtek Bank, N.A., while sales and service activities are supported by personnel, referral networks, and technology infrastructure distributed across multiple states. The company serves customers in a broad range of industries, including retail, healthcare, professional services, construction, manufacturing, and e-commerce.
Although NewtekOne’s direct operational footprint is predominantly domestic, the company supports clients engaged in online and cross-border commercial activity through payment processing and technology services. Its market presence is strongest in the U.S. small business ecosystem, particularly among independently owned businesses seeking bundled financial and operational solutions. Public disclosures indicate that the majority of revenue and assets remain concentrated within the U.S. market.
Leadership & Governance
NewtekOne was founded by Barry Sloane, who has played a central role in shaping the company’s long-term strategy and transition from a BDC to a financial holding company. Leadership has consistently emphasized providing a comprehensive suite of business and financial solutions to independent business owners through vertically integrated subsidiaries. The company operates under a board-governed corporate structure consistent with publicly traded financial institutions and financial holding companies.
Key executives include:
- Barry Sloane – Chairman, President, and Chief Executive Officer
- Nicholas A. Young – Chief Financial Officer
- Scott Price – Chief Credit Officer
- Richard Salute – Chief Strategy Officer
- Michael V. Caliendo – President, Newtek Bank, N.A.
The company’s leadership strategy has centered on integrating banking, lending, and operational services into a unified client platform while expanding stable funding sources and recurring fee-based revenue. Public filings and investor communications indicate that management prioritizes small business market penetration, operational scalability, and diversification across financial and technology-enabled services.