Peter Downs - Newtek Business Chief Lending Officer
| 1N31 Stock | EUR 12.20 0.12 0.99% |
Executive
Mr. Peter Mathison Downs is Chief Lending Officer of the Company. He joined the Company in 2003 and was the President of Newtek Small Business Finance, LLC and a member of the Risk Committee for NSBF. He has had primary responsibility for the development of the Companys lending policies and procedures, portfolio and marketing, from its inception. Prior to joining Newtek in 2003, Mr. Downs spent sixteen years in various small business lending roles within the banking industry. From 1990 to 2001, he was employed with EAB, where he held various positions including New Business Development Officer for Small Business Lending and Group Manager of Retail Small Business Lending which encompassed the underwriting and servicing of the banks small business loan portfolio. With EABs acquisition by Citibank, Mr. Downs was asked to run the banks SBA lending portfolio in New York and was eventually named the National Director of SBA lending, coordinating the banks SBA underwriting and sales efforts in all Citibank markets across the country. In addition to his banking experience, he was involved in several nonprofit small business advisory boards, and was a member of the National Association of Government Guaranteed Lenders Regional Technical Issues Committee. since 2015.
| Age | 58 |
| Tenure | 9 years |
| Phone | 212 356 9500 |
| Web | https://www.newtekone.com |
Newtek Business Management Efficiency
The company has return on total asset (ROA) of 0.0148 % which means that it generated a profit of $0.0148 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.144 %, meaning that it generated $0.144 on every $100 dollars invested by stockholders. Newtek Business' management efficiency ratios could be used to measure how well Newtek Business manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | 0.14 | |||
| Return On Asset | 0.0148 |
Newtek Business Services Leadership Team
Elected by the shareholders, the Newtek Business' board of directors comprises two types of representatives: Newtek Business inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Newtek. The board's role is to monitor Newtek Business' management team and ensure that shareholders' interests are well served. Newtek Business' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Newtek Business' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Schwartz, Chief Compliance Officer, Chief Legal Officer and Secretary | ||
| Nicholas Leger, Principal Officer | ||
| Peter Downs, Chief Lending Officer | ||
| Jayne CavuotoKrafchik, Director Relations | ||
| Brian Moon, Treasurer and Senior Vice President - Corporate Development | ||
| Barry Sloane, President CEO, Director | ||
| Halli RazonFeingold, Chief HR | ||
| Nicolas Young, Chief Officer | ||
| Albert Spada, Exec Lending | ||
| Timothy Ihlefeld, Ex Officer |
Newtek Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Newtek Business a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.14 | |||
| Return On Asset | 0.0148 | |||
| Profit Margin | 0.62 % | |||
| Operating Margin | 0.28 % | |||
| Current Valuation | 645.02 M | |||
| Shares Outstanding | 24.62 M | |||
| Shares Owned By Insiders | 6.30 % | |||
| Shares Owned By Institutions | 17.34 % | |||
| Price To Earning | 9.39 X | |||
| Price To Book | 1.13 X |
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Additional Information and Resources on Investing in Newtek Stock
When determining whether Newtek Business Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Newtek Business' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Newtek Business Services Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Newtek Business Services Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Newtek Business Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.