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Newtek's (NEWT) CEO Barry Sloane on Q3 2017 Results - Earnings Call Transcript

Nov. 02, 2017 1:53 PM ETNewtekOne Inc. (NEWT)
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Newtek Business Services Corp. (NASDAQ:NEWT) Q3 2017 Results Earnings Conference Call November 2, 2017 8:30 AM ET


Barry Sloane - President, CEO

Jenny Eddelson - EVP and Chief Accounting Officer


Nick Grant - KBW Financial Services

Harold Elish - UBS

Leslie Vandegrift - Raymond James

Lisa Springer - Singular Research

Franco Granda - D.A. Davidson

Casey Alexander - Compass Point Research


Good day, ladies and gentlemen, and welcome to the Newtek Business Services Corporation Third Quarter 2017 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call may be recorded.

I would now like to introduce your host for today’s conference, Barry Sloane, President and CEO of Newtek Business Services Corporation. Please go ahead.

Barry Sloane

Good morning, everyone. This is Barry Sloane, CEO and President, Newtek Business Services Corp. NEWT is our stock symbol on the NASDAQ. And this morning, Newtek will be presenting our third quarter 2017 financial results conference call. On the call today I also have the pleasure of having Jenny Eddelson, EVP and Chief Accounting Officer. I’d like to call everyone’s attention to our website newtekone.com, going to the Investor Relations section and under Events & Presentation you will be able to follow along the conference call with our PowerPoint presentation.

If I can point you to slide number one, we have our note regarding forward-looking statements. I would like to suggest that all of your people following on the call will have the opportunity to read that at their convenience.

I would like now to roll forward to slide number two, Small Business Lending -- SBA lending highlights. Newtek Small Business Finance funded a record $103 million of SBA 7(a) loans during

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