NewtekOne, Inc. Joins the Russell 3000® and Russell 2000® Indexes
26 Junho 2023 - 9:30AM
NewtekOne, Inc. (Nasdaq: NEWT), announced today that it has joined
the broad-market Russell 3000 Index and the small-cap Russell 2000®
Index following the conclusion of the Russell indexes annual
reconstitution for 2023, effective upon today’s US market open.
The annual Russell indexes reconstitution captured the 4,000
largest US stocks as of April 28, 2023 ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000 Index or small-cap Russell 2000 Index as
well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
Barry Sloane, Chairman, President and Chief Executive Officer of
NewtekOne, Inc. said, “We are pleased with our inclusion in both
the Russell 3000 Index and the Russell 2000 Index; inclusion in
these indexes can create broader exposure to a larger audience of
potential institutional investors for NewtekOne. Our January 2023
transformation to a financial holding company from a business
development company allows us to be eligible for inclusion in these
indexes, and with today’s inclusion in these indexes we are looking
forward to increased recognition by the institutional investment
community and the potential for further diversification of our
shareholder base. Russell indexes are widely used by investment
managers and institutional investors for index funds and as
benchmarks for active investment strategies, and, as such, we
believe our inclusion can bolster our ability to communicate the
NewtekOne story as a financial holding company that provides a wide
range of business and financial solutions to small- and
medium-sized business.”
Approximately $12.1 trillion in assets are benchmarked against
Russell’s US indexes. Russell indexes are part of FTSE Russell, a
leading global index provider. For more information on the Russell
3000® Index and the Russell indexes reconstitution, go to the
“Russell Reconstitution” section on the FTSE Russell website.
About NewtekOne, Inc.
NewtekOne®, Your Business Solutions Company®, is a financial
holding company, which along with its bank and non-bank
consolidated subsidiaries, provides a wide range of business and
financial solutions under the Newtek® brand to the small- and
medium-sized business (“SMB”) market. Since 1999, NewtekOne has
provided state-of-the-art, cost-efficient products and services and
efficient business strategies to SMB relationships across all 50
states to help them grow their sales, control their expenses and
reduce their risk.
NewtekOne’s and its subsidiaries’ business and financial
solutions include: banking (Newtek Bank, N.A.), Business Lending,
SBA Lending Solutions, Electronic Payment Processing, Technology
Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT
Consulting), eCommerce, Accounts Receivable Financing &
Inventory Financing, Insurance Solutions, Web Services, and Payroll
and Benefits Solutions.
Newtek®, NewtekOne®, Newtek Bank, National
AssociationTM, Your Business Solutions Company® and One Solution
for All Your Business Needs® are registered trademarks of
NewtekOne, Inc.
Note Regarding Forward-Looking
StatementsCertain statements in this press release are
“forward-looking statements” within the meaning of the rules and
regulations of the Private Securities Litigation and Reform Act of
1995. These statements are based on the current beliefs and
expectations of NewtekOne's management and are subject to
significant risks and uncertainties. Actual results may differ from
those set forth in the forward-looking statements. Factors that
could cause NewtekOne's actual results to differ materially from
those described in the forward-looking statements can be found in
NewtekOne's Annual Report on Form 10-K for the year ended December
31, 2022, which has been filed with the Securities and Exchange
Commission and are available on NewtekOne's website
(https://investor.newtekbusinessservices.com/sec-filings), and on
the Securities and Exchange Commission’s website (www.sec.gov). Any
forward-looking statements made by or on behalf of NewtekOne speak
only as to the date they are made, and NewtekOne does not undertake
to update forward-looking statements to reflect the impact of
circumstances or events that arise after the date the
forward-looking statements were made.
SOURCE: NewtekOne, Inc.
Investor Relations & Public
RelationsContact: Jayne Cavuoto Telephone: (212) 273-8179
/ jcavuoto@newtekone.com
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