Research Feed
SBA Regulatory Shift Creates Structural Moat as Fintech Competitors Exit
NEWT (Newtek Bank) reported Q4 2025 earnings on January 29, revealing a structural competitive shift that the market appears to have missed. Stock sold off 5.7% on conservative guidance ($2.35 EPS for 2026, +7.8% YoY), but buried in the call was evidence of a moat-widening regulatory change taking e