Pathward Financial, Inc. Announces Results for Fourth Quarter and Fiscal Year 2026
Pathward Financial reported Q4 fiscal 2026 net income of $38.6 million, or $1.85 diluted EPS, up from $1.69 a year earlier, with full-year net income of $175.7 million ($8.14 diluted EPS). Noninterest income rose 12% to $65.6 million and noninterest expense fell 10%, but net interest income declined 8% to $117.6 million and NIM compressed to 6.79% from 7.46%, largely due to the October 2025 sale of the credit sponsorship portfolio. Credit quality deteriorated: nonperforming loans jumped to $289.3 million (5.61% of loans) from 2.05% a year ago, driven by renewable energy construction projects with a common developer, and Q4 net charge-offs rose to $52.0 million.
Key figures
- Eps
- 1.85
- Revenue Yoy
- 0
- Acl ratio
- 1.33%
- Npl ratio
- 5.61%
- Q4 nii yoy
- -8%
- CET1 ratio
- 11.83%
- Adjusted nim
- 5.51%
- Fy net income
- 175700000
- Q4 net income
- 38600000
- Fy diluted eps
- 8.14
- Net charge offs
- 52000000
- Avg buyback price
- 88.75
- Noninterest income
- 65600000
- Shares repurchased
- 281562
- Net interest margin
- 6.79%
- Noninterest expense
- 129700000
- Nonperforming loans
- 289300000
- New loan originations
- 2200000000
- End of period deposits
- 5690000000
- Noninterest income yoy
- 12%
- Q4 net interest income
- 117600000
- Noninterest expense yoy
- -10%
- Q4 prior year diluted eps
- 1.69
- Allowance for credit losses
- 67300000
- Provision for credit losses
- 10300000
- Shares available repurchase
- 2845617
- Total gross loans and leases
- 5080000000
- Return on avg tangible equity
- 32.89%
AI analysis
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