Barry R. Sloane
and financial and results Gerald, third to much, XXXX quarter conference very good welcome morning, our Thanks call.
Financial Scott Today's Barry call the and National Sloane, myself, NewtekOne Chief Price, CEO and Newtek is Founder of Association. hosted Bank, Officer of by and NewtekOne;
Bank.
Once for on Newtek attending. call COO the to want joining Nicolas Young, I Also and thank President is of again, you all
and third very pleased proud quarter. very, results the of We're for the
additional I want announcements. couple quick make to a of
CTO also put Solutions. we the out a COO the press As for many document also seen, of previously hired the C.J. as Technology have that on of recently that the Lay of Newtek NewtekOne, Newtek Newtek this, and have We've CJ Chief the and entities President a put we holding and added you release publicly-traded staff Officer and was out company. publicly-traded Bank, Ron N.A. SEC Brunet, CIO we was Technology
information both for Street with to team unconventional business over and we've putting clearly year want unconventional. all -- unconventional to to to bit a about to that technology. in little approach thank X unconventional bit for differentiated Board.
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want in a So from our and we're focus obvious going will I to repeating necessarily to away that lot things try the are things press release. you to hear, don't about stay
things the the $X.XX. are that earnings tax this tax do the out recorded reported charge quarter. analysts a from We morning. per that, would of that knocked in notes want of to our to one deferred $X.XX share of had it Some was we that for obvious up for liability. Without I have actually point
would that bank better. consensus out quarters, -- at $X.XX. will assets about we peer almost the charge, and with probably had as focus we'll we average X.X%, tax MD&A. well, on So the Scott have The talk $X.XX on our return Without consistent Xx Also actually in median. holdco, Street that recent point this the the about was
$X.XX, gave, XXXX Our $X.XXX, of midpoint currently Street which we guidance, consensus is $X, $X.XX.
appreciative.
I and higher point The to spend want is other So something lot tackling. out one we're than extremely also provision will we this which is a time was that expected. of item, important,
and specifically this of a most in on returns, is we're spend risk-adjusted about charge-off assets. do. focus matters. low for margin, typically over what XX We low DNA this been very It's on our in in really It's risk-adjusted returns. invest People years. really industry industry not which this Newtek going Typically, to booked of million $X.X lot but does talk provision, time important.
So our what comfortable industry mean. participants we continue actually financial with to more on get working numbers to intend hard
Relations our following you you of section. newtekone.com, go those can Investor presentation, website, the For in along to
should We about in just noncore. to earnings $X.XX at We're QX. presentation. We the PowerPoint to a core, on Significant beat. We didn't that everybody to for merger I'd to suggest Slide Paltalk $XXX,XXX #X. have guidance, $X.XX a like we go about forward leaving talked on our $X.XX. $X.XX want this talk the is a number.
Reconfirmed fast NTS, about, that to with that what to per basic you midpoint about have which Remind to would diluted. bank. tax based added stock which at $X.XX, price, growth, deferred we'll divestiture, we based That's charge events the range, current think think XXX The think volatile obvious, we bank. these the coverage, at to upper you to numbers. in margin more deposit focus an Loan the seen. types loss will XX% reserve We'd cushion. gravitate on. that end bank, of And ourselves but can at basis XX% to wanted X.XX%. there's towards the We're be upon at like we We market. tremendous remain extremely Net value that interest growth, the Loan of give points.
model, Program we'll these don't the you the we We're income about salivate. Valley seat It call throttled them based a more executive, from to that.
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I progress them being $X out That's our of and to with to in getting visiting a analysts
the really #X, is going a Egan-Jones rodeo. people model, X going track. get positive with continue the and $XX NEWTH, offering for on doing quarters. good to with of item risk-adjusted Slide X.XXX% public over outlook. returns feel completed this comfortable million this we Last registered to listed years, to these We've been XX of not and bonds, with -- BBB+ we to on about comfortable for a continue are. to by coupon where happened we NASDAQ, the Our feel X We good job They've about to We're are new happen. that We're people this.
them. #X. of the them I'm going hammered to to things Going Slide are These over you've we've seen dust because kind on.
XXXX. include XX guaranteed sale that Looking XX.XX%. we at from participation, the efficiency ratio, of on does ROTCE, ROAA, XX.X%. get X.XX%. are third XX%, the we've gain sort And These unheard not years. and of. quarter income X.X%; on done loans, Yield for selling NIM, that government business X(a)
see is accounts, We But people on, our what's ] on get and sale speed is cash sale. yes. can But an understand number If way.
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have software, to the tracking. the the We're We get in place. people, process
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other questions In organization staffs to going addition we're is people at to about This staffing. later. talk ask bank, that first, the an
wrong from do want growth had poised have problem. an report, we to growth being scaling And the is point scaling when We I'm to reading is our problem, from a and I'm would a Growth issues, report. risk. is We'd Growth our growth. is we call. the not management be reading oxymoron. Otherwise, here this star-studded look, manage are projection. able team. problem. doing I manage directly thing It's we for never back growth the out, And back the be sorry, That the I'd if the is be good. I'm on growth.
And
go Let's #X. to Slide
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our #X, Slide for to XXXX. forward move let's So forecast
comfortable that's increase and and for $X.XX range EPS year. high the earnings very XX.X% of the share next end the we're low range range at end an over for to So diluted XXXX. X% per of the the the range midpoint, of with Between $X
in segment. comfortable company.
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If X.XX%. Look for need into to It's a them to allowing it's X.XX%. win. environment which the customer, latest it been again, to -- ignore years. points clearly where It's greater. the staff that earning this commercial the diversification. frictionless Once part when billion, dig many BDOs, very that isn't at leave the on start technology, rate focused advantages you ourselves business sale, which that on are greatest analyze brokers, real just choose about income. we you easy constructive the it. realize in-house this about And traditional you all gain $X.XXX the Four
at bank sell type same get traditional the income, bank we're great and the and then assets while we on So things growing as and you them for holding could make returns company time, see gains. continuing to equity
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Something here. is off
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X, way, I'm years like sale some by these to to Once loan gains. press are next of Well, But criticized than in creating going valuation I'd to every technology week, beside This Now for they that. the away investment and the us but work working it. one making today, they for they month of okay? you is every going attention next get presentation for X, it that But the them a technology and look and the We meat in off same create great doing again, for from making get that's missing, these We day, selling one. nCino, We're X, appreciate criticized over for I'm on spinning highlights huge gain, point. are and it appreciate the on NewtekOne.
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them. You read can all
see all could in You deposits. growth the
see all ROAA. could You the
segment. You in the could MD&A and in and CFO.
Growth will Scott handle all that great also see our Payments stuff, that Price, Scott the
So let's go to Slide #XX.
Q. know $XX.X So a I on I for in X can't income the but a find Pretax XX.X% million. the for really months, lot the XX% don't information up in gets is constantly market. to our million. quarter, why ignored, Pretax look, income $X.X to segment of This this up this
for XXXX, income $XX.X pretax Forecasted million.
Forecast XXXX, next for year, million. $XX.X
It's in is we've ask, business growing? long Now this been a time. why a
customer, always the the Now to it customer. goes back
Advantage. the now heard fact Newtek a about the customers they're me you that Newtek is ecosystem our It's love Our Many through bank on with dealing of There and a business have website. together. talk a payments payments the Advantage.
We have in the Administration. customer million small owners, to We as XX by as and States independent that United Small client, business enterprises. there's the small medium-sized business them base videos. What The Newtek identify defined businesses, and advantage of and is the the Business Advantage? medium-sized
that owner, in want to transactional want have So they to have they analytics, want data have they business that that identification, and customer, to capability.
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having is, see who accountant systems to X a owner, and external go to business your going different you for that than in X, X, records, or if doing everything. online matter, you're and can fact, your books to So go rather
to fee, from us. they issue not value have points the This early about, easy. typical statement it tremendous coming no deposit fee, a our the immediate been banks, they our fee, a XX monthly savings. why us on growing. get It an no X stages, to business X.X% big come the We fee, customers refund is the it's X% no top Price ACH accounts, no just website. don't fee willing calculator savings. no add. #XX, had And advantage.
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Some people short. say it's too
it able I one It's you try of important. to it's right. we very take In point fair part don't company, I educate we the it's business. a valuable. Some was value. know people. to make tangible ignore people about at say could basically want book, but was just comments these to other extremely to all how not want BDC, this not. We this It together, valued be and it business. When put were holding
from $XXX or a into If comp, share to it $XXX figure those that. X book. slide a million, X would I it adjusted $X you you net have or valuation $X you a many, many put call don't on probably back million a of would if what it, million business, hypothetically it's use go address is debt.
But this you have $XXX million, numbers, public would that prospectively, that, do turns to $XXX down which multiple We out,
$XXX of put Small and itself million. when is valuable, people segment Why because at to a in million very that was said we haven't tangible we're the but ALP us valuable. it are something this a you have on million, a redemption in the probably any We the cap at the continue.
Slide they in located they it important? book, at And look trap which loan. XXXX, is is book, interest assets short in book. reserve our book, hurdle securitization. time. of $XX could us yes, release Most in of like number So look off that are that that trap which they're XXXX they is early financial you of that they at we're to a It segment But securitization. yes, and P&I on at subpar us doing These issue look in securitizations, the liabilities particularly sell, put all business, Newtek have the assets, liquidations at What the a it's may securitizations. this small shouldn't point Finance, liquid, even let's at a anyway, this going want in, $XXX the and period doesn't a funds don't the of look then is Q. below an of this, that into press out in which we say, debt if Those incredibly and Business it's raised #XX. way institutions this, But and pay very we're not not you were in take at piece have structured, things and time
we that the of Slide free able number. performing #XX, fund, which $XX-ish by debt, million can nonperformers. add netted you loans $XX cash So on to paying $XX net were it and the the a up to up -- it's see reserve of fairly When $XX approximately million million, off together, million net you healthy loan of of
be used fund be into rough. that's estimate. to to NSBF, of an Why million debt. can that in flowing ALP. $XX $XX Well, NSBF. important off used valuable? million, flows off this It cash that But It can the that It's can And come stock. just be that Here's of is would pay the cash aspect. is to used off repurchase
that Finance. portfolio legacy cash I burning sure investment. Newtek has call don't portfolio People excuse million a would sitting is and know that We legacy but old Business -- Well, old this $XXX in not and I've it. it, don't Well, in have heard legacy report, is it equity me, it, a reading think $XXX an down of self-liquidating, describe I'm about Small equity I'm somebody of NSBF, -- or downplay. as million I
I think it's -- an asset. as it attractive it's pays down,
the Now least component making of SBA which it's to get servicing an get on a also sale a you asset. attractive loan, upfront, gain you
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from #XX. Slide once not credit We'd going now to $XX.XX book per we've for And That's value breaking of in from I $X.XX out. again, the processing bank we became X,XXX currently does a obviously, active segments that some and XX%. something to payment area.
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are company, to #XX. of had company a Slide Board of financial the our made basically, as Governors which of commitment activities divest that divest familiar you the fact to Many to to we or of NTS. a the of go terminate we Let's technology holding with to Fed transition the the unit,
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merging an as have public. an Paltalk, We're known It's company, We currently into symbol existing it public signed stock agreement. P-A-L-T.
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