NewtekOne (NAS:NEWT) Return-on-Tangible-Equity

: 16.57% (As of Mar. 2023)

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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. NewtekOne's annualized net income for the quarter that ended in Mar. 2023 was $46.9 Mil. NewtekOne's average shareholder tangible equity for the quarter that ended in Mar. 2023 was $282.9 Mil. Therefore, NewtekOne's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 was 16.57%.

The historical rank and industry rank for NewtekOne's Return-on-Tangible-Equity or its related term are showing as below:

NEWT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.48 Med: 13.15 Max: 22.64
Current: 9.82

During the past 13 years, NewtekOne's highest Return-on-Tangible-Equity was 22.64%. The lowest was 3.48%. And the median was 13.15%.

NEWT's Return-on-Tangible-Equity is ranked worse than
61.14% of 1441 companies
in the Banks industry
Industry Median: 11.52 vs NEWT: 9.82

NewtekOne Return-on-Tangible-Equity Historical Data

The historical data trend for NewtekOne's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NewtekOne Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Return-on-Tangible-Equity

12.61

13.49

10.16

22.64

8.29

NewtekOne Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Return-on-Tangible-Equity																9.62	13.64	11.56	-2.32	16.57

Competitive Comparison

For the Banks - Regional subindustry, NewtekOne's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

NewtekOne Return-on-Tangible-Equity Distribution

For the Banks industry and Financial Services sector, NewtekOne's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where NewtekOne's Return-on-Tangible-Equity falls in comparison to its industry or sector. The grey bar indicates the Return-on-Tangible-Equity's extreme value range as defined by GuruFocus.

NewtekOne Return-on-Tangible-Equity Calculation

NewtekOne's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	32.311	/	( (403.887	+	375.358 )	/ 2 )
	=	32.311	/	389.6225
	=	8.29 %

NewtekOne's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	46.872	/	( (375.358	+	190.41)	/ 2 )
	=	46.872	/	282.884
	=	16.57 %

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

NewtekOne (NAS:NEWT) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.

Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.

NewtekOne Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of NewtekOne's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

NewtekOne (NAS:NEWT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NewtekOne Inc (NAS:NEWT) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

1N31:Germany

Address

4800 T Rex Avenue, Suite 120, Boca Raton, FL, USA, 33431

Website

https://www.newtekone.com

NewtekOne Inc, formerly Newtek Business Services Corp is a non-diversified closed-end management investment company. The firm's investment objective is to generate current income and capital appreciation. The company provides business solutions that are designed to help organizations to grow sales, reduce costs, and minimize risk. Its solutions include web design, domains, hosting, website security, and others.

Executives

Fernando Perez-hickman	director	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Halli Razon-feingold	director	4800 T-REX AVENUE, SUITE 120, BOCA RATON FL 33019
Nicolas Young	officer: Chief Risk Officer	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Nicholas J Leger	officer: Chief Accounting Officer	348 ALFRED STREET, NORTH BABYLON NY 11703
Christopher Towers	officer: Chief Accounting Officer	1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Gregory L Zink	director	1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Nilesh Joshi	officer: Chief Information Officer	5617 W. MOLLY LANE, PHOENIX AZ 85083
Dean Choksi	officer: Treasurer	212 WEST 35TH STREET, FLOOR 2, NEW YORK NY 10001
John Raven	officer: Chief Info. Security Officer
Richard J Salute	director	P O BOX 306, WOODBURY NY 11797
Michael Adam Schwartz	officer: Chief Legal Officer, Secretary	C/O NEWTEK BUSINESS SERVICES INC, 462 SEVENTH AVENUE, 14TH FLOOR, NEW YORK NY 10018
Barry Sloane	director, officer: CEO and President
Peter Mathison Downs	director	1440 PINEACRES BLVD, BAY SHORE NY 11706
Salvatore Francis Mulia	director	4 WHITNEY STREET EXTENSION, WESTPORT CT 06880
Jennifer Catherine Eddelson	officer: Principal Financial Officer	60 HEMPSTEAD AVENUE, 6TH FLOOR, WEST HEMPSTEAD NY 11552