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. is a U.S.-based financial holding company that provides a range of banking, lending, and business solutions primarily to small and medium-sized businesses. The company operates in the financial services and business solutions industries, with a focus on serving independent business owners through an integrated platform that combines traditional banking with fee-based financial and operational services. Its revenue is generated through interest income from lending activities and non-interest income from payments, payroll, insurance, and technology-enabled services.
The company was founded in 1998 as Newtek Business Services Corp. and historically operated as a business development company focused on SBA lending and outsourced business services. In 2023, it completed a strategic transformation into a financial holding company, changing its name to NewtekOne, Inc. and acquiring a national bank charter. This evolution repositioned the company to fund lending activities through insured deposits rather than capital markets, materially altering its business model and regulatory framework.
Business Operations
NewtekOne conducts its operations through two primary business segments: Banking and Non-Bank Financial and Business Services. The Banking segment operates through its wholly owned subsidiary Newtek Bank, N.A., which provides commercial and industrial loans, SBA 7(a) loans, commercial real estate lending, and deposit products to small and medium-sized businesses. Interest income from loan originations and retained loan balances represents a core revenue driver.
The Non-Bank Financial and Business Services segment includes payments processing, payroll and human capital management, insurance brokerage, technology solutions, and business consulting services. These activities are conducted through multiple wholly owned subsidiaries and generate recurring fee-based revenue. Operations are primarily domestic, and there is no material reliance on foreign subsidiaries or joint ventures based on publicly available disclosures.
Strategic Position & Investments
NewtekOne’s strategic direction centers on leveraging its bank charter to vertically integrate lending, deposits, and fee-based business services into a single ecosystem for small business clients. Growth initiatives include expanding deposit gathering, increasing loan retention on balance sheet, and cross-selling banking products to existing non-bank service customers. Management has emphasized capital efficiency, regulatory stability, and predictable earnings as key strategic objectives following the transition to a bank holding company structure.
A cornerstone investment was the acquisition of National Bank of New York City, which was subsequently rebranded as Newtek Bank, N.A. This acquisition enabled the company’s entry into regulated banking and materially changed its funding profile. Outside of this transaction, there is no verified public disclosure of large-scale acquisitions or minority investments in unrelated portfolio companies. Data inconclusive based on available public sources regarding material investments in emerging technologies beyond internally developed financial technology platforms.
Geographic Footprint
NewtekOne is headquartered in the United States, with its principal executive offices located in Florida. The company operates nationwide, serving clients across all major U.S. regions through a combination of centralized operations and digital distribution channels. Newtek Bank, N.A. operates as a national bank, allowing it to originate loans and accept deposits across state lines.
The company does not report significant physical operations or revenue derived from international markets, and its business activities are primarily concentrated in North America. International exposure, if any, is indirect and not material based on publicly available regulatory filings.
Leadership & Governance
NewtekOne was founded by Barry Sloane, who has played a central role in shaping the company’s long-term strategy and transition into a financial holding company. Leadership emphasizes disciplined growth, regulatory compliance, and the integration of banking and business services to create long-term shareholder value.
Key executives include:
- Barry Sloane – Chairman, President, and Chief Executive Officer
- Howard M. Spiegel – Chief Financial Officer
- David M. Axelrod – General Counsel and Chief Legal Officer
- Russell McGuire – Chief Risk Officer
- Scott Price – President of Newtek Bank, N.A.
The board and executive team collectively guide corporate governance, capital allocation, and strategic execution, with a stated focus on risk management and sustainable profitability following the company’s regulatory transition.