Executive Vice President and Chief Financial Officer - Frank DeMaria President, Chief Executive Officer, and Chairman - Barry R. Sloane Operator: Good day and thank you for standing by. Welcome to the NewtekOne Second Quarter 2026 Earnings Conference Call. [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, President and CEO of NewtekOne. Sloane: Thank you very much, everyone, and welcome to our second quarter 2026 financial results conference call. We appreciate everybody attending, and thank you for tuning in today.
I wanted to also let everybody know that presenting, in addition to myself, will be Frank DeMaria, EVP, CFO of NewtekOne, the publicly traded holding company, stock symbol NEWT, and Newtek Bank, National Association. We appreciate everyone patching into our call and we always sort of start off with why should you care about NewtekOne? The company was established in 1998.
I'm the original founder of the company established out of a spare bedroom in a New York City apartment. So take a look at the business model that we have today and look at metrics such as return on average assets, return on tangible common equity, the dividend yield, the book value growth over time, all things that we'll talk about extensively today. It's a very interesting, what I would call a value and a growth story.
However, three and a half years into our inception, we're still evolving and we're appreciative of things that are changing in the marketplace today and we're adopting to all different changing conditions. Obviously, if you take a look at our presentation today and recent presentations, more things are being done out of the bank than in the bank holding company. We recently acquired or merged the payroll solutions business into the bank.
We are doing our commercial and industrial long-am loans out of the bank. And one thing that's important to notice, you'll see that our income, our net interest income at the bank is growing, particularly on comparisons. We'll talk about that in the call.
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