Newtek Business Services Corp. (NASDAQ:NEWT) Q4 2022 Earnings Conference Call February 28, 2023 8:30 AM ET

Company Participants

Barry Sloane - Chairman, President and CEO

Nicholas Leger - EVP and Chief Accounting Officer

Conference Call Participants

Crispin Love - Piper Sandler

Paul Johnson - KBW

Scott Sullivan - Raymond James

Bryce Rowe - B. Riley Financial FBR

Operator

Good day and thank you for standing by. Welcome to the NewtekOne Incorporated Fourth Quarter and Full Year 2022 Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Barry Sloane, President and Chief Executive Officer. Please go ahead, Mr. Sloane.

Barry Sloane

Thank you, operator and appreciate everyone joining today. Good morning. My name is Barry Sloane President CEO and Founder of NewtekOne. I'll be doing the call today from Las Vegas, Nevada, where I'm at a Structured Financial Association Conference for asset backed securities. And I certainly appreciate attending the call with me today is Nick Young, our EVP and Chief Accounting Officer. Also Nicholas Young, our President and Chief Operating Officer of Newtek Bank National Association, and John McCaffrey, our Chief Financial Officer of Newtek Bank National Association.

We're excited today to close our chapter out. As a Business Development Corporation, this will be the last time that we're reporting financial results. As a BDC, we withdrew our BDC application with the SEC on January 6, when we acquired Newtek Bank National Association. And on a going forward basis, we'll be reporting as a financial holding company which has been for a little less than approximately 60 days for now.

Most of today's call will focus on our final financial results as a BDC, as well as our forward projections as a financial holding company extremely important, as well as a dividend declaration that the company just made for its first quarterly declaration as well as a potential forecast of dividends going forward. So I think today is a watershed mark the transformation that many of you have been waiting for is finally complete.

We've had a lot of things that have been transforming, shareholders have been transforming, operations have been transforming, capital has been transforming quite a bit of movement. And we certainly look forward to beginning to pick up new analyst coverage. We picked up one this week. So, we finally are getting bank analyst coverage to be able to follow the company.