NewtekOne Inc. 8.50% Fixed Rate Senior Notes due 2029 (NEWTG)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at NEWTG not as common equity but as a senior note of NewtekOne, paying a fixed 8.50% and maturing in 2029. At the close on 2026-10-16 the price was $24.58, inside a 52-week range of $23.56 to $25.83. The issuer's filed figures show positive earnings: FY2025 net income $60.5M and diluted EPS $2.18, versus FY2024 $50.9M and $1.96 and FY2023 $47.3M and $1.88. More recent quarters also show profits: Q1 2026 net income $13.4M and EPS $0.43; Q2 2026 $14.6M and $0.47; Q3 2025 $17.9M and $0.67; Q2 2025 $13.7M and $0.52. That is a favorable credit starting point, but I cannot verify revenue, leverage, interest coverage, or a competitive moat from the supplied data. FairStock's ROE and P/B are unavailable. The computed Lynch category is SLOW GROWER — Shrinking: profit -7.9% a year over four years, which is a yellow flag against the recent annual increases. For a note, the key question is not equity upside but whether the 8.50% coupon and principal are protected by stable earnings and a senior claim. With a $710M market cap and no credit ratios, I would demand a margin of safety before treating the price as cheap. The price is not at the bottom of its range, and the data do not give me the yield-to-maturity or coverage needed to call it a bargain. I see a profitable but incompletely documented issuer; that is not enough for me to call it a clear value opportunity.

In plain English: NewtekOne is a financial services company that has issued an 8.50% fixed-rate senior note due in 2029. The company has reported positive net income in the filed periods, but the longer-term profit trend supplied is shrinking and important credit details are missing. At $24.58, the note sits in the middle of its 52-week range, and the limited figures do not clearly show whether it is cheap, fair, or expensive.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer