Newtek Bank was named "SBA Bank Lender of the Year" and received "Best Savings Account 2026" honors from NerdWallet.
Quiver AI Summary
NewtekOne, Inc. announced that its bank subsidiary, Newtek Bank, N.A., received accolades for its lending and deposit account offerings. It was named "SBA Bank Lender of the Year" by The Coleman Report, a prominent authority on U.S. Small Business Administration loan programs, and honored by NerdWallet for providing the "Best Savings Account 2026." CEO Barry Sloane expressed pride in these recognitions, highlighting the bank's efforts to support independent business owners with competitive deposit products and robust SBA lending services. NewtekOne has been providing comprehensive business solutions to clients across the U.S. since 1999, facilitating growth and financial management for independent businesses.
Potential Positives
- Newtek Bank was recognized as “SBA Bank Lender of the Year” by The Coleman Report, highlighting its strong lending capabilities.
- NerdWallet honored Newtek Bank for having the “Best Savings Account 2026,” indicating competitive deposit account offerings compared to over 100 financial institutions.
- The company reinforced its mission of supporting independent business owners by providing comprehensive business and financial solutions, which has been recognized by industry authorities.
Potential Negatives
- While Newtek Bank was recognized for its achievements, there is no mention of any current financial challenges or customer complaints that could undermine their positive accolades.
- The statement highlights a reliance on third-party accolades, which could suggest a lack of independent validation or inherent self-promotion.
- Forward-looking statements include warnings about uncertainties, which may indicate potential risks in the company's future performance that were not addressed in the announcement.
FAQ
What recent awards did Newtek Bank receive?
Newtek Bank was named “SBA Bank Lender of the Year” by The Coleman Report and received NerdWallet's award for "Best Savings Account 2026."
How does Newtek Bank compare to other financial institutions?
NerdWallet evaluated over 100 financial institutions to award Newtek Bank for its competitive savings account offerings, including interest rates and fees.
What financial solutions does NewtekOne offer?
NewtekOne provides a range of solutions including banking, business lending, SBA lending, payment processing, insurance, payroll, and technology solutions.
How does Newtek Bank ensure customer satisfaction?
Newtek Bank offers attractive interest rates, no fees, and accessible customer service, as indicated by its 4.6 score on Trustpilot.
What is NewtekOne's mission?
NewtekOne's mission is to help independent business owners succeed by providing comprehensive business and financial solutions across the United States.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NEWT Insider Trading Activity
$NEWT insiders have traded $NEWT stock on the open market 13 times in the past 6 months. Of those trades, 13 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NEWT stock by insiders over the last 6 months:
- BARRY SLOANE (President, Chairman & CEO) has made 6 purchases buying 13,595 shares for an estimated $152,176 and 0 sales.
- MICHAEL ADAM SCHWARTZ (Chief Legal Officer) purchased 2,247 shares for an estimated $31,255
- FRANK M DEMARIA (Cheif Financial Officer) purchased 1,556 shares for an estimated $21,643
- HALLI RAZON-FEINGOLD (SVP, Human Resources & CAO) purchased 1,258 shares for an estimated $17,498
- GREGORY L ZINK has made 2 purchases buying 1,500 shares for an estimated $16,460 and 0 sales.
- RICHARD J SALUTE purchased 900 shares for an estimated $10,152
- CRAIG JEFFRY BRUNET purchased 789 shares for an estimated $8,924
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NEWT Revenue
$NEWT had revenues of $55.9M in Q4 2025. This is a decrease of -35.55% from the same period in the prior year.
You can track NEWT financials on Quiver Quantitative's NEWT stock page.
$NEWT Hedge Fund Activity
We have seen 66 institutional investors add shares of $NEWT stock to their portfolio, and 74 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORTH REEF CAPITAL MANAGEMENT LP added 386,924 shares (+inf%) to their portfolio in Q3 2025, for an estimated $4,430,279
- GOLDMAN SACHS GROUP INC added 298,830 shares (+119.3%) to their portfolio in Q4 2025, for an estimated $3,391,720
- SEGALL BRYANT & HAMILL, LLC removed 242,742 shares (-89.6%) from their portfolio in Q4 2025, for an estimated $2,755,121
- AQR CAPITAL MANAGEMENT LLC added 221,125 shares (+62.1%) to their portfolio in Q3 2025, for an estimated $2,531,881
- BANK OF NEW YORK MELLON CORP removed 171,303 shares (-62.7%) from their portfolio in Q4 2025, for an estimated $1,944,289
- NUVEEN, LLC added 135,865 shares (+99.2%) to their portfolio in Q4 2025, for an estimated $1,542,067
- SQUAREPOINT OPS LLC added 131,707 shares (+inf%) to their portfolio in Q4 2025, for an estimated $1,494,874
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$NEWT Price Targets
Multiple analysts have issued price targets for $NEWT recently. We have seen 2 analysts offer price targets for $NEWT in the last 6 months, with a median target of $14.0.
Here are some recent targets:
- Crispin Love from Piper Sandler set a target price of $14.0 on 02/09/2026
- Timothy Switzer from Keefe, Bruyette & Woods set a target price of $14.0 on 01/30/2026
Full Release
BOCA RATON, Fla., Feb. 17, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) is pleased that its bank subsidiary, Newtek Bank, N.A., (the “Bank”) was recently recognized for its lending capabilities and for its deposit account offering.
- The Coleman Report named Newtek Bank “ SBA Bank Lender of the Year .” The Coleman Report is a leading authority on loan programs of the U.S. Small Business Administration (SBA).
- NerdWallet honored Newtek Bank for having the “ Best Savings Account 2026 .” In determining the top savings account, NerdWallet evaluated more than 100 financial institutions, including the largest retail banks and credit unions in the U.S. Savings account offerings were evaluated based on interest rates being offered, fees, minimum balance requirements, the digital experience, and other factors.
Barry Sloane, Founder, CEO, President, and Chairman of NewtekOne, commented, “We are extremely proud that Newtek Bank has been recognized both for its SBA lending strength and for its competitive deposit account offerings. Our involvement in the SBA lending programs spans more than twenty years, most of that time as a non-bank lender. With the acquisition of Newtek Bank in 2023, we successfully transitioned our SBA lending operations into the Bank, enabling us to complement our financial and business solutions with a full suite of deposit products. We designed our business and consumer deposit accounts to reward customers with attractive interest rates, no fees, knowledgeable and accessible customer service, and ease of opening accounts online. In our view, these qualities are increasingly essential in an environment where moving money can happen with a single click or swipe. We believe that the Bank’s 4.6 score on Trustpilot is indicative of our high quality business solutions and the care that our staff provides to our independent business owner clientele.”
Mr. Sloane concluded, “NewtekOne has always remained true to its mission: helping independent business owners across the United States become more successful by providing comprehensive business and financial solutions. It is gratifying to be recognized by The Coleman Report and NerdWallet for delivering solutions that help our clients thrive.”
About NewtekOne, Inc.
NewtekOne ® , Your Business Solutions Company ® , is a financial holding company, which, along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
NewtekOne’s and its subsidiaries’ business and financial solutions include: Banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions . In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com)
Newtek ® , NewtekOne ® , Newtek Bank ® , National Association , Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage® are registered trademarks of NewtekOne, Inc.
Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with
the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
SOURCE: NewtekOne, Inc.
Investor Relations & Public Relations
Contact: Bryce Rowe
Telephone: (212) 273-8292 /
[email protected]