NewtekOne, Inc. (NASDAQ:NEWT) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET

Company Participants

Barry Sloane - Founder, President and CEO
Scott Price - Chief Financial Officer, NewtekOne and Newtek Bank National Association
Nicolas Young - President and COO, Newtek Bank

Conference Call Participants

Crispin Love - Piper Sandler
Tim Switzer - KBW
Steve Moss - Raymond James
Christopher Nolan - Ladenburg Thalmann & Co.

Operator

Good day and thank you for standing by. Welcome to the NewtekOne, Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker’s 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 first speaker today, Barry Sloane, CEO and President. Please go ahead.

Barry Sloane

Thanks very much, Gerald, and good morning. And welcome to our third quarter 2024 financial results conference call. Today’s call is hosted by myself, Barry Sloane, CEO and Founder of NewtekOne; and Scott Price, the Chief Financial Officer of NewtekOne and Newtek Bank National Association. Also joining on the call is Nicolas Young, President and COO of Newtek Bank.

Once again, I want to thank you all for attending. We’re very, very pleased and proud of the results for the third quarter. I want to make a couple of quick additional announcements. As many of you have seen, we put out a press release recently that we have hired Ron Lay as the Chief Technology Officer for Newtek Bank, N.A. and NewtekOne, the publicly traded holding company.

We’ve also added the staff that we put out a SEC document on this, CJ Brunet. CJ previously was CIO and CTO of the publicly traded Newtek entities and was also the President and CEO of Newtek Technology Solutions.

So we’ve clearly added, continue to add to our star-studded staff of a management team to be able to help us grow, manage risk. We’ll talk about that a lot on the call, but particularly with respect to information technology. I wanted to thank the management team for putting up a great performance this year, as well as support from the Board.

Today’s presentation will be a little bit unconventional. We’re clearly working very hard with analysts in the street to be able to better explain what a differentiated organization like ourselves looks like. We clearly have a differentiated business model and approach to both providing business and financial solutions to independent business owners in all 50 states, something that we’ve been doing now for well over two decades.