PATHWARD FINANCIAL, INC. (CASH) Form 8-K — Jul 22, 2026
Pathward Financial reported fiscal third quarter net income of $29.0 million, or $1.37 per share, a significant decrease from the prior year's $42.1 million, or $1.81 per share. The decline was driven by a sharp increase in the provision for credit losses to $28.3 million and an 8% drop in net interest income to $112.9 million. The CEO characterized the credit performance as disappointing, citing issues with a few larger loans. Asset quality deteriorated notably during the quarter, with nonperforming assets jumping to $277.5 million, representing 3.79% of total assets compared to 1.68% in the prior quarter.
Key figures
- Eps
- 1.37
- Revenue
- 189.6 million
- Guidance
- $7.80 - $8.20 EPS for fiscal 2026; $9.50 - $10.00 EPS for fiscal 2027
- Net Income
- 29.0 million
- Provision
- 28.3 million
- Net Charge Offs
- 16.0 million
- Book Value Per Share
- 40.48
- Net Interest Income
- 112.9 million
- Noninterest Income
- 76.7 million
- Shares Outstanding
- 21,023,902
- Noninterest Expense
- 129.1 million
- Net Interest Margin
- 6.59%
- Shares Repurchased
- 303,632
- New Loan Originations
- 1.86 billion
- Repurchase Average Price
- $92.18
- Allowance For Credit Losses
- 109.8 million
- Nonperforming Assets To Total Assets
- 3.79%
Price after filing
Close on the filing date to close N calendar days later (from $89.34). Historical, not a forecast.
AI analysis
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