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NewtekOne (NewtekOne) ROE % : 15.34% (As of Mar. 2024)


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What is NewtekOne ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. NewtekOne's annualized net income for the quarter that ended in Mar. 2024 was $38.6 Mil. NewtekOne's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was $251.6 Mil. Therefore, NewtekOne's annualized ROE % for the quarter that ended in Mar. 2024 was 15.34%.

The historical rank and industry rank for NewtekOne's ROE % or its related term are showing as below:

NEWT' s ROE % Range Over the Past 10 Years
Min: 3.29   Med: 13.36   Max: 22.64
Current: 19.34

During the past 13 years, NewtekOne's highest ROE % was 22.64%. The lowest was 3.29%. And the median was 13.36%.

NEWT's ROE % is ranked better than
88.44% of 1505 companies
in the Banks industry
Industry Median: 9.6 vs NEWT: 19.34

NewtekOne ROE % Historical Data

The historical data trend for NewtekOne's ROE % 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 ROE % Chart

NewtekOne Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.49 10.16 22.64 8.29 15.16

NewtekOne Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.99 12.47 17.80 31.57 15.34

Competitive Comparison of NewtekOne's ROE %

For the Banks - Regional subindustry, NewtekOne's ROE %, along with its competitors' market caps and ROE % 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.


NewtekOne's ROE % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, NewtekOne's ROE % distribution charts can be found below:

* The bar in red indicates where NewtekOne's ROE % falls into.



NewtekOne ROE % Calculation

NewtekOne's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=47.329/( (375.358+249.046)/ 2 )
=47.329/312.202
=15.16 %

NewtekOne's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as

ROE %=Net Income (Q: Mar. 2024 )/( (Total Stockholders Equity (Q: Dec. 2023 )+Total Stockholders Equity (Q: Mar. 2024 ))/ count )
=38.6/( (249.046+254.132)/ 2 )
=38.6/251.589
=15.34 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.


NewtekOne  (NAS:NEWT) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=38.6/251.589
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(38.6 / 213.708)*(213.708 / 1469.545)*(1469.545 / 251.589)
=Net Margin %*Asset Turnover*Equity Multiplier
=18.06 %*0.1454*5.8411
=ROA %*Equity Multiplier
=2.63 %*5.8411
=15.34 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=38.6/251.589
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (38.6 / 52.396) * (52.396 / 213.708) * (213.708 / 1469.545) * (1469.545 / 251.589)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.7367 * 24.52 % * 0.1454 * 5.8411
=15.34 %

Note: The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


NewtekOne ROE % Related Terms

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


NewtekOne (NewtekOne) Business Description

Traded in Other Exchanges
Address
4800 T Rex Avenue, Suite 120, Boca Raton, FL, USA, 33431
NewtekOne Inc is a financial holding company engaged in providing financial solutions, It has developed a financial and technology-based business model that enables itself to acquire and process its clients in a very cost-effective manner. This capability is supported in large part by NewTracker, its patented prospect management technology software, that will allow NewtekOne clients to easily interact with NewtekOne subject matter experts in the areas of Banking, Lending, Payments, Technology, Payroll, and Insurance. It offers NewtekOne's clients a single online dashboard to access all of NewtekOne's business and financial solutions.
Executives
Salvatore Francis Mulia director 4 WHITNEY STREET EXTENSION, WESTPORT CT 06880
Barry Sloane director, officer: CEO and President
Richard J Salute director P O BOX 306, WOODBURY NY 11797
Gregory L Zink director 1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Peter Mathison Downs director 1440 PINEACRES BLVD, BAY SHORE NY 11706
Michael Scott Price officer: Chief Financial Officer 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Fernando Perez-hickman director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Nicholas J Leger officer: Chief Accounting Officer 348 ALFRED STREET, NORTH BABYLON NY 11703
Michael Adam Schwartz officer: Chief Legal Officer, Secretary C/O NEWTEK BUSINESS SERVICES INC, 462 SEVENTH AVENUE, 14TH FLOOR, NEW YORK NY 10018
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
Christopher Towers officer: Chief Accounting Officer 1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS NY 11042
Sam Kirschner director 60 EAST 8TH STREET, #20K, NEW YORK NY 10003
Nilesh Joshi officer: Chief Information Officer 5617 W. MOLLY LANE, PHOENIX AZ 85083
John Raven officer: Chief Info. Security Officer