NewtekOne, Inc.

NewtekOne, Inc. announced that its bank subsidiary, Newtek Bank, N.A., has expanded connectivity between Newtek Bank accounts and the accounting and business applications independent business owners use to run their businesses. Newtek Bank now integrates with Sage, Xero, FreshBooks, Restaurant365 and other leading applications, building on its existing connectivity with QuickBooks and broadening the digital ecosystem available through Newtek Advantage. By connecting with QuickBooks, Sage, Xero and FreshBooks, Newtek Bank can integrate with accounting platforms representing approximately 85% of the U.S. small-business accounting software market, with additional supported applications including 1-800Accountant, Expensify, AppFolio and BILL. Newtek Advantage, the company's internally developed and patent-pending online business portal, serves as the central customer experience for Newtek Bank and NewtekOne's broader suite of business solutions. Chairman, President and Chief Executive Officer Barry Sloane said independent business owners increasingly expect their bank to work inside the digital systems they use, and that the expanded connectivity makes banking information more connected to customers' daily workflows.

NewtekOne has gained about 29.4% so far this year, significantly outperforming the Finance sector's average gain of 3.4%. The company holds a Zacks Rank of 2, or Buy, and its full-year earnings estimate has risen 2.1% over the past 90 days. Within the Financial - Miscellaneous Services industry, which has lost an average of 10.1% year to date, NewtekOne's performance stands out. Another Finance stock, Federal Agricultural Mortgage, has returned 11% year to date and also carries a Zacks Rank of 2, with its earnings estimate up 1.8% over three months.