NewtekOne’s Business Model: Deep Dive On The Engine’s Mechanics

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“If it looks like a duck, and quacks like a duck, it has to be a duck” seems to be the mentality mantra behind much of the discourse around NewtekOne (NASDAQ:NEWT). I hope I was able to put to

Net Noninterest Income ($ in millions) FY 2023 FY 2024
Newtek Bank 25.0 48.8
Non-Bank Entities 42.2 64.2
TOTAL 67.2 113.0

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