NewtekOne Management

Management criteria checks 2/4

NewtekOne's CEO is Barry Sloane, appointed in Jan 1999, has a tenure of 25.25 years. total yearly compensation is $1.70M, comprised of 41.2% salary and 58.8% bonuses, including company stock and options. directly owns 4.59% of the company’s shares, worth €11.63M. The average tenure of the management team and the board of directors is 0.9 years and 9.3 years respectively.

Key information

Barry Sloane

Chief executive officer

US$1.7m

Total compensation

CEO salary percentage	41.2%
CEO tenure	25.3yrs
CEO ownership	4.6%
Management average tenure	less than a year
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Barry Sloane's remuneration changed compared to NewtekOne's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$46m
Sep 30 2023	n/a	n/a	US$25m
Jun 30 2023	n/a	n/a	US$27m
Mar 31 2023	n/a	n/a	US$34m
Dec 31 2022	US$2m	US$700k	US$32m
Sep 30 2022	n/a	n/a	US$55m
Jun 30 2022	n/a	n/a	US$60m
Mar 31 2022	n/a	n/a	US$64m
Dec 31 2021	US$4m	US$700k	US$84m
Sep 30 2021	n/a	n/a	US$80m
Jun 30 2021	n/a	n/a	US$63m
Mar 31 2021	n/a	n/a	US$71m
Dec 31 2020	US$700k	US$700k	US$34m
Sep 30 2020	n/a	n/a	US$30m
Jun 30 2020	n/a	n/a	US$42m
Mar 31 2020	n/a	n/a	US$25m
Dec 31 2019	US$1m	US$700k	US$41m
Sep 30 2019	n/a	n/a	US$36m
Jun 30 2019	n/a	n/a	US$38m
Mar 31 2019	n/a	n/a	US$37m
Dec 31 2018	US$2m	US$683k	US$36m
Sep 30 2018	n/a	n/a	US$46m
Jun 30 2018	n/a	n/a	US$42m
Mar 31 2018	n/a	n/a	US$41m
Dec 31 2017	US$1m	US$600k	US$39m

Compensation vs Market: Barry's total compensation ($USD1.70M) is above average for companies of similar size in the German market ($USD705.27K).

Compensation vs Earnings: Barry's compensation has been consistent with company performance over the past year.

CEO

Barry Sloane (63 yo)

25.3yrs

Tenure

US$1,700,000

Compensation

Mr. Barry Scott Sloane serves as the Chairman and Chief Executive Officer of NewtekOne, Inc. (formerly known as Newtek Business Services Corp.) since 1999 and serves as its President since 2008. He serves...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Barry Sloane	President	25.3yrs	US$1.70m	4.59% $ 11.6m
Halli Razon-Feingold	Senior VP of Human Resources	7.8yrs	no data	0.076% $ 192.7k
Michael Schwartz	Chief Legal Officer	9.3yrs	US$950.00k	0.16% $ 412.0k
Nicholas Leger	Senior VP & Treasurer	less than a year	US$750.00k	0.074% $ 187.8k
Peter Downs	Chief Lending Officer	no data	US$1.18m	0.29% $ 723.1k
Michael Price	Chief Financial Officer	less than a year	no data	0.077% $ 195.7k
Frank DeMaria	Executive VP & Chief Accounting Officer	less than a year	no data	0.033% $ 83.3k
Taylor Quinn	Senior VP & Chief Risk Officer	no data	no data	no data

0.9yrs

Average Tenure

45yo

Average Age

Experienced Management: 1N31's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Barry Sloane	President	25.3yrs	US$1.70m	4.59% $ 11.6m
Halli Razon-Feingold	Senior VP of Human Resources	3.3yrs	no data	0.076% $ 192.7k
Peter Downs	Chief Lending Officer	10.3yrs	US$1.18m	0.29% $ 723.1k
Gregory Zink	Independent Director	7.1yrs	US$163.00k	0.13% $ 325.0k
Richard Salute	Independent Director	9.3yrs	US$163.00k	0.12% $ 295.8k
Salvatore Mulia	Independent Director	20.3yrs	US$163.00k	0.19% $ 476.4k
Fernando Perez-Hickman	Independent Director	2.6yrs	US$163.00k	0.18% $ 454.7k

9.3yrs

Average Tenure

63yo

Average Age

Experienced Board: 1N31's board of directors are considered experienced (9.3 years average tenure).

NewtekOne Management

Management criteria checks 2/4

Key information

Recent management updates

NewtekOne and Newtek Bank, N.A Appoints Taylor Quinn as Senior Vice President, Chief Risk Officer

Insufficient new directors

President recently bought €62k worth of stock

NewtekOne, Inc. Appoints M. Scott Price as Chief Financial Officer

President recently bought €110k worth of stock

President recently bought €144k worth of stock

Recent updates

NewtekOne, Inc. to Report Q1, 2024 Results on May 06, 2024

NewtekOne and Newtek Bank, N.A Appoints Taylor Quinn as Senior Vice President, Chief Risk Officer

NewtekOne, Inc. Declares A Quarterly Dividend, Payable on April 15, 2024

NewtekOne, Inc. announced delayed annual 10-K filing

NewtekOne, Inc. to Report Q4, 2023 Results on Mar 05, 2024

Insufficient new directors

Upcoming dividend of US$0.18 per share at 5.0% yield

NewtekOne, Inc. Declares Quarterly Cash Dividend, Payable on January 12, 2024

President recently bought €62k worth of stock

NewtekOne, Inc. has filed a Follow-on Equity Offering in the amount of $3 million.

NewtekOne, Inc. Revises Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$0.37 (vs US$0.47 in 3Q 2022)

NewtekOne, Inc. to Report Q3, 2023 Results on Nov 07, 2023

NewtekOne, Inc. to Report Q3, 2023 Results on Nov 07, 2023

NewtekOne, Inc. Declares Quarterly Dividend, Payable on October 20, 2023

Second quarter 2023 earnings released: EPS: US$0.26 (vs US$0.56 in 2Q 2022)

NewtekOne, Inc. Reiterates Earnings Guidance for 2023

NewtekOne, Inc. to Report Q2, 2023 Results on Aug 02, 2023

NewtekOne, Inc. Declares Quarterly Dividend, Payable on July 21, 2023

NewtekOne, Inc. Appoints M. Scott Price as Chief Financial Officer

NewtekOne, Inc. announced delayed 10-Q filing

NewtekOne, Inc. Reiterates Earnings Guidance for the Full Year 2023

Upcoming dividend of US$0.18 per share at 5.8% yield

President recently bought €110k worth of stock

Full year 2022 earnings released: EPS: US$1.34 (vs US$3.69 in FY 2021)

President recently bought €144k worth of stock

Investor sentiment deteriorates as stock falls 17%

Newtek Business Services Corp.,Prior to change in line of business to Report Q4, 2022 Results on Feb 27, 2023

Insufficient new directors

Newtek Business Services Corp. (NasdaqGM:NEWT) completed the acquisition of National Bank of New York City from certain shareholders.

Upcoming dividend of US$0.70 per share

Investor sentiment improved over the past week

Newtek Business Services Corp. Declares Fourth Quarter 2022 Cash Distribution, Payable on December 30, 2022

Third quarter 2022 earnings released: EPS: US$0.47 (vs US$0.74 in 3Q 2021)

Newtek Business Services Corp. to Report Q3, 2022 Results on Nov 07, 2022

Newtek Business Services Corp. Forecasts Fourth Quarter 2022 Distribution

Upcoming dividend of US$0.65 per share

Newtek Business Services Corp. Declares Cash Dividend for the Third Quarter 2022, Payable on September 30, 2022

Second quarter 2022 earnings released: EPS: US$0.56 (vs US$0.77 in 2Q 2021)

Newtek Business Services Corp. Forecasts Paying Third and Fourth Quarter 2022 Total Dividend by December 31, 2022

Newtek Business Services Corp. to Report Q2, 2022 Results on Aug 03, 2022

Newtek Business Services Corp. Reaffirms Earnings Guidance for the Six Months Ending June 30, 2022

Newtek Business Services Corp. Provides Earnings Guidance for the Six Months Ending June 30, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.75 per share

Chairman recently bought €97k worth of stock

First quarter 2022 earnings released: EPS: US$0.40 (vs US$1.35 in 1Q 2021)

Newtek Business Services Corp., Annual General Meeting, Jun 15, 2022

Newtek Business Services Corp. to Report Q1, 2022 Results on May 04, 2022

Newtek Business Services Corp Declares Second Quarter 2022 Cash Dividend, Payable on June 30, 2022

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.65 per share

Newtek Business Services Corp. Raises Forecast for Second Quarter 2022 Dividend

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Newtek Business Services Corp. Declares Dividend for the First Quarter of 2022, Payable on March 31, 2022

Newtek Business Services Corp. Forecasts Dividend for the Second Quarter of 2022

Now 21% undervalued after recent price drop

Newtek Business Services Corp. to Report Fiscal Year 2021 Results on Feb 23, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of US$1.05 per share

Third quarter 2021 earnings released: EPS US$0.74 (vs US$0.021 loss in 3Q 2020)

High number of new directors

Upcoming dividend of US$0.90 per share

Second quarter 2021 earnings released: EPS US$0.77 (vs US$1.22 in 2Q 2020)

Investor sentiment deteriorated over the past week

Newtek Business Services Corp. (NasdaqGM:NEWT) entered into an agreement to acquire National Bank of New York City from certain shareholders for $20 million.

Upcoming dividend of US$0.70 per share

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS US$1.35 (vs US$0.35 loss in 1Q 2020)