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    Mike Paramonov • Freedom Broker

    Mike Paramonov is a Senior Analyst at Freedom Broker, specializing in coverage of major Russian and international equities across the financial, energy, and technology sectors. He has provided in-depth analysis and investment recommendations on companies such as Gazprom, Sberbank, and Yandex, earning a reputation for keen market insights and an estimated success rate of 62% on published calls according to public analyst ranking platforms. With over eight years of experience in equity research, Mike started his career in 2016 as a financial markets analyst and joined Freedom Broker in 2019, advancing to his current senior role. He holds a CFA Level II candidacy, is FINRA Series 7 and Series 63 licensed, and is recognized for his frequent appearances in industry conferences and media.

    Mike Paramonov's questions to NewtekOne Inc (NEWT) leadership

    Mike Paramonov's questions to NewtekOne Inc (NEWT) leadership • Q4 2024

    Question

    Mike Paramonov questioned a potential funding mismatch between the $250 million deposit growth target and higher asset growth, asking if it signals a shift to corporate borrowings. He also asked about the impact of recent yield curve steepening and the reasons for the gap between SBA loan approvals and distributions.

    Answer

    Executive Barry R. Sloane explained that much of the loan growth, particularly in the ALP program, is funded via match-funded securitizations at the holding company, not just bank deposits. CFO Scott Price added that the company's $350 million in cash at year-end will also fund growth. Sloane stated the business model is largely rate-agnostic, though a steeper curve could be slightly beneficial. He clarified that the gap between SBA approvals and fundings is normal for all lenders, as many approved loans do not close for various reasons.

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