Newtekone, Inc. · NASDAQ:NEWT
Newtekone — Newtek Business Services — Merger or Acquisition (August 2022)
11 slides from Newtekone's merger presentation, Aug 4, 2022
Slide 1: Update on Pending Acquisition of the National Bank of New York City
www.newtekone.com Newtek Business Services Corp. NASDAQ: NEWT Update on Pending Acquisition of the National Bank of New York City August 3, 2022 Investor Relations Jayne Cavuoto Director of Investor Relations jcavuoto@newtekone.com (212) 273-8179 Barry Sloane Newtek President, Chairman & CEO (212) 3
Slide 2: Note Regarding Forward-Looking Statements
www.newtekone.com Note Regarding Forward-Looking Statements 1 The matters discussed in this Presentation, as well as in future oral and written statements by management of Newtek Business Services Corp., that are forward-looking statements, including statements regarding our ability to close the pen
Slide 3: Special Note Regarding Projected Financial Information
www.newtekone.com 2 Special Note Regarding Projected Financial Information The Projected financial targets and other financial information illustrated herein updates and replaces all such prior illustrations provided by the Company concerning the pending Acquisition of NBNYC, including the March 2,
Slide 4: Newtek to Acquire National Bank of New York City
www.newtekone.com Newtek to Acquire National Bank of New York City 3 1. “TBV” = Tangible book value; NBYNC to deliver $20mm of Tangible Common Equity (“TCE”) at closing after special dividend of real estate property and excess capital ACQUISITION STRUCTURE Acquisition of 100% of Equity of NBNYC DEAL
Slide 5: Anticipate A Well-Capitalized Institution
www.newtekone.com 4 Anticipate A Well-Capitalized Institution “CET1” = Common Equity Tier 1 Capital Targets for illustrative purposes and assumes a 1/1/2023 close of the Acquisition. Illustrative Holding Company and Newtek Bank Subsidiary Capital Targeted at Closing Newtek Holding Company Level - Co
Slide 6: Earnings Targets Illustration: Consolidated Newtek FHC
www.newtekone.com 5 ROAA ROATCE Earnings Per Share 3.5 – 4.5% FY 2024 20 – 25% $3.00 – $3.20 Profitability Targets Cost of Funds 3.0 – 4.0% Deposits / Total Funding ~55% 3.0 – 4.0% FY 2023 18 – 22% $2.00 – $2.20 Profitability Targets 3.5 – 4.5% ~50% “ROAA” = Return on Average Assets; “ROATCE” = Retu
Slide 7: FHC Earnings Targets Illustration – Additional Detail
www.newtekone.com FHC Earnings Targets Illustration – Additional Detail Note: Earnings targets for illustrative purposes; assumptions include a January 1, 2023 closing date and regulatory approvals of Newtek’s current business plan; earnings targets presented excluding impact of any fair value adjus
Slide 8: NewtekOne Dashboard - The Newtek Advantage
www.newtekone.com NewtekOne Dashboard - The Newtek AdvantageTM Relationships, Analytics & Transactional Capability 7 TM
Slide 9: Sample of Current Newtek & Portfolio Company Talent Pool with Banking Experience
www.newtekone.com Sample of Current Newtek & Portfolio Company Talent Pool with Banking Experience 8 Nicolas Young – Chief Risk Officer, Newtek Business Services Corp (Proposed President of the Bank) – 20+ years of banking experience – IBERIABANK – Executive Vice President, Chief Credit Officer –
Slide 10: Sample of Existing Newtek & Portfolio Company Talent Pool with Banking Experience
www.newtekone.com Sample of Existing Newtek & Portfolio Company Talent Pool with Banking Experience 9 John McCaffery – EVP, Finance – 30 years of banking experience – Dime Community Bancorp – SVP, Chief Risk Officer – Bridge Bancorp, Inc. – EVP, Chief Financial Officer/Treasurer – State Bank of Lo
Slide 11: Investment Summary
www.newtekone.com Investment Summary We believe a diversified business model can provide multiple streams of revenue We believe that we have a proven track record; Established in 1998; publically traded since September 2000 Newtek has consistently outperformed the Russell 2000 and the S&P 500
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