NewtekOne Management

Management criteria checks 3/4

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 $12.47M. 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

Should You Be Adding Newtek Business Services (NASDAQ:NEWT) To Your Watchlist Today?

Nov 17

Newtek: A Good Point To Exit

Oct 22

Blazing BDC To Boring Bank? The Newtek Controversy Explained

Aug 29

Newtek Business Services (NASDAQ:NEWT) Will Pay A Larger Dividend Than Last Year At US$0.90

Aug 28

Newtek Business Services (NASDAQ:NEWT) Is Paying Out A Larger Dividend Than Last Year

Aug 14

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 ($USD1.70M) is about average for companies of similar size in the US market ($USD1.62M).

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% $ 12.5m
Halli Razon-Feingold	Senior VP of Human Resources	7.8yrs	no data	0.076% $ 206.8k
Michael Schwartz	Chief Legal Officer	9.3yrs	US$950.00k	0.16% $ 442.0k
Nicholas Leger	Senior VP & Treasurer	less than a year	US$750.00k	0.074% $ 201.5k
Peter Downs	Chief Lending Officer	no data	US$1.18m	0.29% $ 775.7k
Michael Price	Chief Financial Officer	less than a year	no data	0.077% $ 209.9k
Frank DeMaria	Executive VP & Chief Accounting Officer	less than a year	no data	0.033% $ 89.3k
Taylor Quinn	Senior VP & Chief Risk Officer	no data	no data	no data

0.9yrs

Average Tenure

45yo

Average Age

Experienced Management: NEWT'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% $ 12.5m
Halli Razon-Feingold	Senior VP of Human Resources	3.3yrs	no data	0.076% $ 206.8k
Peter Downs	Chief Lending Officer	10.3yrs	US$1.18m	0.29% $ 775.7k
Gregory Zink	Independent Director	7.1yrs	US$163.00k	0.13% $ 348.6k
Richard Salute	Independent Director	9.3yrs	US$163.00k	0.12% $ 328.8k
Salvatore Mulia	Independent Director	20.3yrs	US$163.00k	0.19% $ 519.3k
Fernando Perez-Hickman	Independent Director	2.6yrs	US$163.00k	0.18% $ 487.8k

9.3yrs

Average Tenure

63yo

Average Age

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

NewtekOne Management

Management criteria checks 3/4

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 US$68k worth of stock

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

President recently bought US$117k worth of stock

President recently bought US$153k 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: Full Steam Ahead

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 US$68k worth of stock

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

Price target decreased by 9.0% to US$16.38

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

NewtekOne, Inc. Provides Earnings Guidance for the Full Year 2024

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

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

Price target increased by 9.5% to US$18.75

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

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

Price target decreased by 13% to US$13.00

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

Consensus revenue estimates decrease by 24%

President recently bought US$117k worth of stock

Full year 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased by 14% to US$15.00

Investor sentiment deteriorates as stock falls 16%

President recently bought US$153k worth of stock

Investor sentiment deteriorates as stock falls 23%

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

Insufficient new directors

Investor sentiment improved over the past week

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

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

Price target decreased to US$17.00

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Newtek Business Services Corp. Forecasts Fourth Quarter 2022 Distribution

Newtek: A Logical Capital Return Framework Would Make Shares Attractive

Investor sentiment deteriorated over the past week

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

Newtek Business cuts dividend by 13% to $0.65

Newtek prices $116.2M of SBA 7(a) unguaranteed loan-backed notes series 2022-1

Consensus EPS estimates fall by 20%

Price target decreased to US$24.75

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

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

Newtek Business forecasts to pay $1.00-$1.50/share dividend in 2H22

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

The Curious Case Of Newtek Business Services

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 US$102k worth of stock

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Newtek: 3 Reasons We Are Upgrading This Today

Upcoming dividend of US$0.65 per share