NewtekOne, Inc. (NEWT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the NewTekOne second 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 the session, you will need to press star 11 on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, Please press star 11 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 Sloane, President and CEO of NewTekOne. Please go ahead. Thank you very much, everyone, and welcome to our second quarter 2026 financial results conference call. We appreciate everybody attending and thank you for tuning in today. I wanted to also let everybody know that presenting, in addition to myself, will be Frank DeMaria, EVP, CFO of NewTekOne, the publicly traded holding company, stock symbol AEWT, and NewTek Bank National Association. We appreciate everyone patching into our call, and we always sort of start off with, why should you care about NewTekOne? The company was established in 1998. I'm the original founder of the company established out of a spare bedroom in a New York City apartment. When you take a look at the business model that we have today and look at metrics such as return on average assets, return on tangible common equity, the dividend yield, the book value growth over time, all things that we'll talk about extensively today, it's a very interesting what I would call a value and a growth story. However, three and a half years into our inception, are still evolving, and we're appreciative of things that are changing in the marketplace today, and we're ad...