Pathward Financial (CASH) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.37 per share. This compares to earnings of $2.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.02%. A quarter ago, it was expected that this holding company for Meta Bank would post earnings of $1.23 per share when it actually produced earnings of $1.06, delivering a surprise of -13.82%.Over the last fo ...

Financial Highlights for the 2024 Fiscal Second Quarter • Net interest margin ("NIM") increased 11 basis points to 6.23% for the second quarter from 6.12% during the same period last year, primarily driven by increased yields on earning assets and an improved earning asset mix from the continued optimization of the portfolio. When including contractual, rate-related processing expense, NIM would have been 4.65% in the fiscal 2024 second quarter compared to 4.89% during the fiscal 2023 second quarter due to ...

Guido Mieth/DigitalVision via Getty Images Every so often, it makes sense to revisit the companies that we are bullish or bearish on. It's good to see how things are going and to see whether or not the picture has changed. Sometimes, new information will present itself that makes us change our opinion. Other times, we will be able to reaffirm our own thoughts on the matter. Regardless of how our opinions change, the stock price almost certainly will. Ideally, it will be moving in the direction that we w ...

SIOUX FALLS, S.D.--(BUSINESS WIRE)--Pathward®, N.A., one of the nation’s leading financial empowerment companies driven by its purpose to power financial inclusion, today announced that its Senior Vice President of Risk, Process and Performance for its Banking as a Service business line, Nichole Price, has been named to American Banker's 2024 list of The Most Influential Women in Payments. The award celebrates senior executives guiding the future of the global payments industry, while also examining topics ...

SIOUX FALLS, S.D.--(BUSINESS WIRE)--Pathward Financial, Inc. ("Pathward Financial" or the “Company”) (Nasdaq: CASH) announced that the Company will pay a cash dividend of $0.05 per share for the second fiscal quarter of 2024. This dividend will be payable on April 1, 2024 to shareholders of record as of March 12, 2024. At December 31, 2023, the Company had total assets of $7.93 billion and shareholders’ equity of $729.3 million. This press release and other important information about the Company are avai ...

SIOUX FALLS, S.D.--(BUSINESS WIRE)--Pathward Financial, Inc. (Nasdaq: CASH) and its subsidiary Pathward®, N.A., an industry leading financial empowerment company driven by its purpose to power financial inclusion, today announced that Neeraj Mehta has been appointed as an independent member of the Board of Directors, effective Feb. 27, 2024. Mehta will serve as a member of the Audit Committee and Governance, Nominating and Sustainability Committee of the Pathward Financial, Inc. and Pathward, N.A. boards. ...

SIOUX FALLS, S.D.--(BUSINESS WIRE)--Pathward®, N.A., today announced the release of its “Small Business Credit Habits and Needs” report, which found that while one in three small businesses have struggled with cash flow in the changing economy, 70% consider themselves to be in growth mode. Based on a survey of 1,000 small business owners and executive decision-makers, the report aims to uncover their financing needs compared to the loan products available to them. Despite indicating optimism for future g ...

Level 2 Inputs - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which significant assumptions are observable in the market. Debt Securities Available for Sale and Held to Maturity. Debt securities available for sale are recorded at fair value on a recurring basis and debt securities held to maturity are carried at amortized cost. Equity Securities. Mark ...

Pathward Financial (CASH) reported $162.8 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 8.7%. EPS of $1.06 for the same period compares to $0.81 a year ago.The reported revenue represents a surprise of -1.59% over the Zacks Consensus Estimate of $165.42 million. With the consensus EPS estimate being $1.23, the EPS surprise was -13.82%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Pathward Financial, Inc. (NASDAQ:CASH) Q1 2024 Earnings Conference Call January 24, 2024 5:00 PM ET Company Participants Darby Schoenfeld - Senior Vice President, Investor Relations Brett Pharr - Chief Executive Officer Greg Sigrist - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Eric Spector - Raymond James Michael Perito - KBW Operator Ladies and gentlemen, thank you for standing by. Welcome to Pathward Financial's First Quarter Fiscal Ye ...