Thank you Chris President. Newtek very is much on Executive the operator and good Vice accompany morning Chief CEO, symbol NEWT me and Accounting NASDAQ. stock and This Barry call morning. President, Founder our Corp., of is Business this and on Towers, Sloane, My name Officer
all on payroll the services estimated vital our the all of working States. as PPP First has XX the million XX program, staff to have well of United and other all, during -- them. the been of over I that as We important in time. businesses focused don't remotely to remotely. of working thank XXX% of XX/X, staff want been has period Newtek this particularly
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the number net slide first quarter from an The a or quarter over of is on $X.XX to $X.XX two net -- of prior. year NII, a improvement a forward investment yesterday That Moving share. XXXX a reported and loss highlights. company share XX% income
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terms lending, Obviously, and loans has implications, we'll talk returning. PPP at characteristics, is to sheet focus important note technically the quickly of lending point, activity week, versus to loans. I have a PPP are unit, been the to visibility. relative changing about we margin, of but the a statement. anticipate made lending shift think which X(a) balance in the X(a) XX this about, I that might which a loans they different ago, days landscape but have concept different how it's of total both That's that's totally X(a)
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rest potentially piece on the sell loan XX% through balance less and as equity year greater with and of and terms leaves margins size. greater and potentially X(a) possibility off us better think it's government good that I conceivable guarantee guaranteed we're will to less and this able a lending sheet, continue the
slide to for forecast in I'm record and a seven, Moving about for made XXXX the and talk number we'll lending this our regular NII operations quarter PPP [ph] ANNI and the activity. based sure lot Q&A, on a company second of business
in that. We state have a quarter on our that will put number $X.XX NII. was ever not largest adjusted I
to with our will a to also come lead fundings through which and May line, month maybe need in particularly week first well. get future visibility, forecast, more expectations into We as June get to the some to out getting in able dividend of the be
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in quarantine to week somewhere need a bridge into as get should PPP to come where and SBA states going most thought businesses be then appears financing, are rounds additional the businesses eight lending some these loans further of of and which to six the which through to medium-sized essentially four, obviously, be these for states small is period, range, within place.
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left that into a currency our of XXXX. XX.X% loans accrual as We'll the little a it bit at are in portfolio And April deeper. X(a) result, get XXth, rate SBA as this
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to XXX% sheet which Board open to is it. a going forward, had implications model being Directors. discussions we've business change understand, our a our and policy certainly greater make sell Please We'll balance greater X(a) model from having be to of dividend a and in able by which about determined the of has margins loan
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loans which to forefront here. come Obviously, have the PPP
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extensively a institutions market there's going be bigger X(a) X(a) differently these their people from in number today X(a) PPP, a on that are that ratio? the to have conversations heard loans one say the to think our financial and putting where's I they is think analysts lenders, had been it I've And the the end. getting out, market. going They company's a that leverage just most problems to sheet. current business and marketplace little money from? gravitate out, earnings think we Where aspect about institutional actually the their have that switch that to of to to trying on the with I will forward figure is bridge large fact PPP relative many and model important past, coming plan the rather thought X(a) well, PPP and they than using in one, balance
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I would S&P encourage to report. take look at a the everybody
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model. that business obviously of changed So some our our --
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our slide able to moving number XX, And track to we're processing volume.
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exposure. of go We are or didn’t XXXX-XXXX XXXX. to our we around lot and lot occurred a or proceed no today, a you We've derivatives get There's bailout. while given very what's positioned and through don't to forward. have, risk we're We're lived sheet. We balance of CDO think opportunity gas of to not appreciative present We been the and new well oil government equity on believe a companies in to since a market. this
And of to turn Chris Towers. I'd the to over rest the that, like with presentation
