NewtekOne Inc (LTS:0K7X)
$ 14.54 -0.02 (-0.14%) Market Cap: 381.42 Mil Enterprise Value: 899.38 Mil PE Ratio: 8.63 PB Ratio: 1.44 GF Score: 75/100

Newtek Business Services Corp CEO Interview Transcript

Nov 15, 2021 / NTS GMT
Release Date Price: $29.9
Brad Thomas

Everyone, this is Brad Thomas, and welcome back to The Ground Up. Today, we're back on early this morning with another CEO interview, and we're moving over to the BDC sector, or really, let's call it, the BDC/bank sector. Today, we have Barry Sloane with us. Barry is the CEO of Newtek Business services. That ticker symbol is NEWT. And Barry, it's good to see you today.

Barry Scott Sloane
Newtek Business Services Corp. - Chairman, President & CEO

Great. Great to be here. Thanks for having me.

Questions & Answers

Brad Thomas;Barry Scott Sloane

You bet. Well, we spoke, I guess, last quarter. Of course, we read a pretty detailed article. I guess it was the second quarter. And now we're third quarter, and just hoping we can get an update on where you are, what's happened in the earnings.

And I guess, to start off, Barry. We discussed this last time we spoke about the conversion over to a bank holding company. How is that progressing? And do you have any time line for that?

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