NewtekOne, Inc. (NEWT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by, and welcome to NewTek One, Inc.' 's fourth quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. To remove yourself from the queue, you may press star 1-1 again. I would now like to hand the call over to Barry Sloan, President and CEO. Please go ahead. Thank you very much, Operator, and welcome everyone to the fourth quarter 2025 Financial Results Conference Call. Joining me today on the call is Frank DiMaria, Executive Vice President and Chief Financial Officer of NewTekOne. For those of you that would like to follow the presentation online, go to NewTekOne.com, go to the Investor Relations section, and the PowerPoint presentation for today's event is being held there. I'd now like to ask everybody to go to slide number two of that presentation and note the forward-looking statements. To begin our presentation today, we're happy to report the results of Q4 2025 and the annual achievements for 2025, including two but are not limited to celebrating the three-year anniversary of NewTekOne owning and operating an OCC chartered bank. We're extremely pleased about the acquisition that was done in January of 2023. There's a very interesting slide on 24, which actually names several competitors in the space, SoFi, Libo, Triumph, Northeast Bank, and Axos. And if you take a look at those charts, you'll see how their stock price action moved over the first several years of their operation. and then it started to change direction. We'll talk about that later in the presentation. We're also celebrating today opening up 9,000 new depository account...