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NewtekOne(NEWT) - 2021 Q4 - Earnings Call Presentation
2022-02-24 03:40
| --- | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | Newtek Business Services Corp. NASDAQ: NEWT Full Year 2021 Financial Results Conference Call February 24, 2022 8:30 am ET Hosted by: | | | | Barry Sloane, CEO & President and Nicholas Leger, EVP & CAO Investor Relations Jayne Cavuoto Director of Investor Relations jcavuoto@newtekone.com (212) 273 ...
NewtekOne(NEWT) - 2021 Q3 - Earnings Call Presentation
2021-11-10 19:35
| --- | --- | --- | --- | |-------------------|------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------|-------| | | | | | | | Newtek Business Services Corp. NASDAQ: NEWT Third Quarter 2021 Financial Results Conference Call November 9, 2021 8:30 am ET | | | | | Hosted by: Investor Relations Jayne Cavuoto Director of Investor Relations jcavuoto@newtekone.com (212) 273-8179 | Bar ...
NewtekOne(NEWT) - 2021 Q3 - Earnings Call Transcript
2021-11-09 18:27
Newtek Business Services Corp. (NASDAQ:NEWT) Q3 2021 Results Conference Call November 9, 2021 8:30 AM ET Company Participants Barry Sloane ??? President and Chief Executive Officer Nicholas Leger ??? Chief Accounting Officer Conference Call Participants Richard Molinsky ??? Max ventures Mickey Schleien ??? Ladenburg Matt Jaden ??? Raymond James Paul Johnson ??? KBW Adam Morgan ??? RBC Operator Good day, and thank you for standing by. Welcome to the Newtek Business Services Corp. Third Quarter 2021, earnings ...
NewtekOne(NEWT) - 2021 Q2 - Earnings Call Presentation
2021-08-12 06:27
| --- | --- | --- | |-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | Newtek Business Services Corp. NASDAQ: NEWT Second Quarter 2021 Financial Results Conference Call August 11, 2021 8:30 am ET | | | | Hosted by: Barry Sloane, CEO & President and Nicholas Leger, EVP & CAO Investor Relations Jayne Cavuoto Director of Investor Relations jcavuo ...
NewtekOne(NEWT) - 2021 Q2 - Earnings Call Transcript
2021-08-11 19:02
Financial Data and Key Metrics Changes - The company reported an adjusted ANII of $27.1 million, or $1.20 per share, which was a decline from the previous year but exceeded consensus estimates by approximately $0.46 [29][30] - Year-to-date stock price increased by 42% through August 5, 2021, with a ten-year return of 754% and a one-year return of over 50% [10][11] - The midpoint dividend forecast for 2021 is $3.15, representing a 53% increase over the prior year [22][27] Business Line Data and Key Metrics Changes - The company funded $722 million in PPP loans in the second quarter, surpassing the previous forecast of $600 million [24] - The SBA 7(a) loan forecast for the year was adjusted to 550 to 600 million, down from a previous lower end of 580 million [23] - The 504 loan business forecast was increased to 125 to 150 million, up from a previous forecast of 125 million [25] Market Data and Key Metrics Changes - The company is shifting focus from PPP loans to SBA 7(a), 504, non-conforming, and secured lines of credit as the economy opens up [17][20] - The company has a robust pipeline for funding 7(a) loans in Q3 and Q4, indicating strong market demand [52] Company Strategy and Development Direction - The company is in the process of acquiring the National Bank of New York City, which is expected to enhance its digital platform and transform it into a technology-enabled bank [90][91] - The transition to a bank holding company is seen as a strategic move to better position the company for growth compared to its current BDC structure [89][121] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to adapt to changing market conditions and highlighted the importance of partnerships with the government [16][18] - The company anticipates continued growth in its payments and tech solutions businesses, as well as a shift back to traditional lending products [17][31] Other Important Information - The company has not distributed any income from portfolio companies to the BDC in the first half of the year, which was a conscious decision to retain cash for future needs [36] - The company has made 46 net new hires in 2021, reflecting a 25% increase in staff to support growth [33] Q&A Session Summary Question: What is the outlook for the company's growth and dividend? - Management indicated that the company is well-positioned for growth and reaffirmed the dividend forecast, expecting to maintain a strong performance in the upcoming quarters [27][121] Question: How is the company adapting to the current economic environment? - The company has successfully shifted its business model to address the challenges posed by the pandemic and is focusing on expanding its lending capabilities [14][16]
NewtekOne(NEWT) - 2021 Q1 - Earnings Call Transcript
2021-05-12 20:04
Newtek Business Services Corp. (NASDAQ:NEWT) Q1 2021 Earnings Conference Call May 12, 2021 8:30 AM ET Company Participants Barry Sloane - President, Chairman & Chief Executive Officer Nicholas Leger - Executive Vice President & Chief Accounting Officer Conference Call Participants Paul Johnson - KBW Robert Dodd - Raymond James Richard Greenspan - UBS Scott Sullivan - Raymond James Merrill Ross - Compass Point Operator Ladies and gentlemen, thank you for standing by, and welcome to Newtek Business Services C ...
NewtekOne(NEWT) - 2021 Q1 - Earnings Call Presentation
2021-05-12 10:06
| --- | --- | --- | |-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | Newtek Business Services Corp. NASDAQ: NEWT First Quarter 2021 Financial Results Conference Call May 12, 2021 8:30 am ET | | | | Hosted by: Barry Sloane, CEO & President Nicholas Leger, EVP & CAO Investor Relations Jayne Cavuoto Director of Investor Relations jcavuoto@newtekone ...
NewtekOne(NEWT) - 2020 Q4 - Annual Report
2021-03-29 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission file number: 814-01035 NEWTEK BUSINESS SERVICES CORP. (Exact name of registrant as specified in its charter) Maryland 46-3755188 (State or ...
NewtekOne(NEWT) - 2020 Q4 - Earnings Call Transcript
2021-03-23 18:34
Business Services Corp. (NASDAQ:NEWT) Q4 2020 Earnings Conference Call March 23, 2021 8:30 AM ET Company Participants Barry Sloane - President, Chairman and Chief Executive Officer Nicholas Leger - Executive Vice President and Chief Accounting Officer Conference Call Participants Robert Dodd - Raymond James Harold Elish - UBS Paul Johnson - KBW Scott Sullivan - Raymond James Operator Ladies and gentlemen, thank you for standing by and welcome to the Newtek Business Services Corp. Full Year 2020 Earnings Con ...
NewtekOne(NEWT) - 2020 Q4 - Earnings Call Presentation
2021-03-23 13:29
| --- | --- | --- | --- | |-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------| | | | | | | | Newtek Business Services Corp. NASDAQ: NEWT Full Year 2020 Financial Results Conference Call March 23, 2021 8:30 am ET | | | | | Hosted by: Barry Sloane, CEO & President Nicholas Leger, EVP & CAO Investor Relations Jayne Cavuoto Director of Investor Relations jc ...