Key Points Company and Industry Information 1. **Company Involved**: NewtekOne, Inc. (NASDAQ:NEWT) and Paltalk IPM. 2. **Event**: Mergers & Acquisitions Conference Call. 3. **Date and Time**: January 2, 2025, 4:15 PM ET. 4. **Participants**: - Barry Sloane - CEO and Chairman of NewtekOne. - Jason Katz - CEO and Chairman of Paltalk IPM. - Various analysts from UBS Financial Services, Piper Sandler, Raymond James, Maxim Group, Landenburg Thalmann & Company, B. Riley, and KBW. [1] Core Views and Arguments 1. **Divestiture of Newtek Technology Solutions**: NewtekOne is divesting Newtek Technology Solutions and merging it into Paltalk IPM. 2. **Management Representation**: Barry Sloane, CEO and Chairman of NewtekOne, and Jason Katz, CEO and Chairman of Paltalk IPM, are present to discuss the merger. 3. **Forward-Looking Statements**: The call includes forward-looking statements based on current beliefs and expectations, subject to significant risks and uncertainties. [4][5] Other Important Content 1. **Q&A Session**: The presentation will be followed by a question-and-answer session. 2. **Recording**: The conference call is being recorded. [3][2]

Core Viewpoint - Paltalk, Inc. is set to acquire Newtek Technology Solutions, Inc. with the closing scheduled for January 2, 2025, following shareholder approval [1][2]. Group 1: Acquisition Details - Paltalk will pay NewtekOne $4,000,000 in cash and issue 4,000,000 shares of a newly created series of non-voting preferred stock as part of the acquisition [10]. - NewtekOne may receive an additional earn-out amount of up to $5,000,000 based on achieving certain cumulative average Adjusted EBITDA thresholds for the fiscal years 2025 and 2026 [10]. - Following the acquisition, NewtekOne will appoint one representative to Paltalk's board of directors [10]. Group 2: Company Background - NewtekOne is a financial holding company providing a range of business and financial solutions to independent business owners across all 50 states [4][7]. - Paltalk is a communications software innovator with over 20 years of technology innovation and holds 8 patents [14]. Group 3: Future Plans - After the acquisition, NewtekOne intends to retain the team from NTS, which consists of 47 individuals, to manage its IT stack [11]. - NewtekOne will continue to refer technology solutions opportunities to Paltalk from existing and future customers [11].

NewtekOne (NASDAQ: NEWT ) was a business development company (BDC) for most of its existence. It had a very good track record with a share price that consistently sold above its NAV (net asset value). However, over 3 years ago, NEWT purchased a bank and changedAre you looking to start building a Fixed Income Portfolio? Conservative Income Portfolio targets the best Preferred Stocks and bonds with the highest margins of safety. We strongly believe that the next decade will belong to fixed income, irrespectiv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 October 8, 2024 Date of Report (date of Earliest Event Reported) NEWTEKONE, INC. (Exact Name of Company as Specified in its Charter) Maryland 814-01035 46-3755188 (State or Other Jurisdiction of Incorporation or Organization) (Commission File No.) (I.R.S. Employer Identification No.) 4800 T Rex Avenue, Suite 120, Boca Raton, Florida 33431 (Add ...

Core Viewpoint - NewtekOne, Inc. has launched Newtek Zero-Fee Business Banking™, offering commercial clients true zero-fee business banking accounts without hidden fees or costs [1][2]. Group 1: Newtek Zero-Fee Business Banking™ - Newtek Bank provides commercial clients with no fees for ACH, wires, monthly service charges, maintenance, overdrafts, or insufficient funds, along with no minimum balance requirements [1][2]. - The initiative aims to enhance trust in banking relationships by eliminating hidden fees and costs, allowing clients to focus on growing their businesses [2]. - Clients can utilize the Newtek Zero-Fee Calculator™ on the website to validate the benefits of this banking model, which includes higher interest rates compared to national averages [2]. Group 2: Company Background - NewtekOne, Inc. is a financial holding company that offers a wide range of business and financial solutions to independent business owners across all 50 states [3][4]. - The company has been providing cost-efficient products and services since 1999, helping businesses grow sales, control expenses, and reduce risk [3]. Group 3: Services Offered - NewtekOne's services include banking, business lending, SBA lending solutions, electronic payment processing, technology solutions, eCommerce, accounts receivable financing, insurance solutions, web services, and payroll and benefits solutions [4].

Core Insights - NewtekOne, Inc. is strategically positioned to serve approximately 30 million independent business owners in the U.S. with a diverse ecosystem of financial and business solutions [1][2] - The company has a 20-year history of providing cost-efficient products and services aimed at helping independent business owners grow sales, control expenses, and reduce risk [2][3] Company Overview - NewtekOne operates as a financial holding company, offering a wide range of solutions under the Newtek brand, including banking, business lending, electronic payment processing, technology solutions, eCommerce, and insurance solutions [2][3] - The company has consolidated subsidiaries that enhance its ability to provide comprehensive services to independent business owners across all 50 states [2][3] Leadership Insights - CEO Barry Sloane emphasized the importance of NewtekOne's accomplishments over its two decades of operation and its potential for continued growth as a bank holding company [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 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 NEWTEKONE, INC. (Exact name of registrant as specified in its charter) | --- | --- | |-------------------------------- ...

Financial Data and Key Metrics Changes - The company reported earnings per share of $0.45 for Q3 2024, which was above the street consensus of $0.43, and would have been $0.47 without a deferred tax charge of $527,000 [10][11][14] - Return on average assets (ROAA) was 6.3%, and return on tangible common equity (ROTCE) was 49%, with a net interest margin (NIM) of 5.29% [20][11] - The provision for loan losses was higher than expected at $6.9 million, indicating a focus on risk-adjusted returns [11][12] Business Line Data and Key Metrics Changes - The bank experienced a 12% growth in deposits and a 17% growth in loans, with a loan loss reserve coverage of 500 basis points [16] - The Alternative Loan Program (ALP) gained traction, contributing to future earnings per share growth potential [17] - The efficiency ratio stood at 39%, indicating strong operational performance compared to industry peers [18] Market Data and Key Metrics Changes - The company completed a registered public offering of $75 million in bonds, with an 8.625% coupon [19] - The average yield on loans was reported at 11.12%, which does not include gain on sale income [20] - The company is positioned to grow its payment processing segment, which is not directly tied to rate movements [28] Company Strategy and Development Direction - The company aims to provide a frictionless banking experience for customers, leveraging technology to enhance service delivery [29] - There is a focus on integrating the payments business with banking services to create a comprehensive ecosystem for small to medium-sized businesses [38] - The company is transitioning to a financial holding company and divesting its technology unit to focus on core banking operations [56][58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a diluted earnings per share range of $2 to $2.25 for 2025, reflecting an 8% to 12.5% increase over 2024 [27][29] - The management team emphasized their experience in risk management and their ability to navigate economic challenges, citing past performance during crises [61][66] - The company is optimistic about its growth trajectory, particularly in the ALP and payment processing segments, which are expected to drive future profitability [28][76] Other Important Information - The company has a strong management team with extensive banking experience, which is crucial for scaling operations [72] - The insurance agency business has seen growth, with a 37% increase in active policies since becoming a bank [53] - The company is focused on maintaining transparency and aligning interests with employees and shareholders [80] Q&A Session Summary Question: What are the expectations for future earnings growth? - Management confirmed guidance for 2025 earnings per share in the range of $2 to $2.25, indicating confidence in continued growth despite market volatility [27][29] Question: How is the company managing risk in its loan portfolio? - Management highlighted their proactive approach to risk management, including higher loan loss reserves and a focus on risk-adjusted returns [11][64] Question: What is the strategy for the payment processing segment? - The company is integrating its payment processing services with banking operations to provide a comprehensive solution for small business clients, enhancing customer value [38][41]

| --- | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | NASDAQ: NEWT Third Quarter 2024 Financial Results Conference Call November 7, 2024 Hosted and Presented by: Barry Sloane, CEO & President ...

NewtekOne (NEWT) reported $62.83 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 23.3%. EPS of $0.45 for the same period compares to $0.38 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $61.76 million, representing a surprise of +1.73%. The company delivered an EPS surprise of +9.76%, with the consensus EPS estimate being $0.41.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...