NewtekOne, Inc. (NEWT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and thank you for standing by. Welcome to the New Tech One first quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during your session, you will need to press star 11 on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Barry Sloan, President and CEO. Please go ahead. Thank you very much, and welcome to our Q1 2026 Financial Results Conference Hall. My name is Barry Sloan, President, CEO, and founder of NewTekOne. Also presenting today is Frank DiMaria, Chief Financial Officer of NEWT, the financial holding company that's publicly traded. And Frank is also Chief Financial Officer of NewTek Bank National Association. For those who want to follow today's presentation along, please go to newtekone.com, A-W-T-E-K-O-N-E.com. Go to the investor relations section and the presentation section. We appreciate everyone's attending today. given that this is our 25th year as a publicly traded company and our 13th quarter reporting as a bank holding company after acquiring National Bank of New York City. We've accomplished quite a lot, from $180 million of total assets in National Bank of New York City to over $2 billion. The financial holding company is approximately $2.9 billion of assets, and the bank is over $2 billion of deposits, up from $140 million at the time we acquired it approximately three and a quarter years ago. We want to make sure in today's presentation, one of the biggest concerns I ...