Newtek Business Services Corp. (NASDAQ:NEWT) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET

Company Participants

Barry Sloane - Chairman, President and Chief Executive Officer

Nicholas Leger - Executive Vice President and Chief Accounting Officer

John McCaffery - SVP of Accounting and Finance

Conference Call Participants

Jim Collins - Excelsior Capital Partners

Paul Johnson - Keefe, Bruyette & Woods, Inc.

Operator

Good day and thank you for standing by, and welcome to the Newtek Business Services Corp. Q3 2022 Earnings 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, President and CEO and Founder, Barry Sloane.

Barry Sloane

Good morning, everyone, and appreciate you all attending our third quarter 2022 financial results conference call. First, I'd like to welcome John McCaffery to the call. Today. John, is our SVP of Accounting and Finance and John was hired with our intent that subject to regulatory approval, John will become the Chief Financial Officer of Newtek Bank. In addition to John being on the call today is Nicholas Leger. Nick is Chief accounting Officer of our publicly traded company Newtek Business Service Corp. and he'll be doing the financial part of the presentation towards the end of the call. And the voice you hear today is Barry Sloane, President CEO and Founder of Newtek business services Corp.

We have many new people that are attending today's call. Just a little bit of background. Newtek was founded in 1998 [indiscernible] in a New York City apartment, 120 West 18th Street apartment 4B. We reverse merger into a publicly traded company in September of 2000.

I say that because as I do a little bit of counting on my fingers and toes, we've probably done about 88 to 89 of these quarterly earnings reports and conference calls. As they say, not our first rodeo. We've been through up markets, down markets, up credit cycles, down credit cycles, up rates, down rates. We've seen it all and you've got a very experienced management team and Board that has been able to manage through all these turbulent times and turbulent waters.

We also like to welcome the analyst community that has followed us, KBW, Raymond James, Ladenburg Thalmann and Compass Point. We appreciate the work that you do in our company, and the reports that you put out. For those of you looking to follow along on the conference call, the presentation is located on our Web site, newtekone.com, newtekone.com in the Investor Relations section. You'll be able to follow along with the PowerPoint, or you can go to the webcast and the PowerPoint is available there as well.