Pathward Financial Q1 GAAP EPS $0.98, raises FY2023 guidance to $5.55-$5.95

PATHWARD FINANCIAL, INC.

2023-Q1 EPS reported $0.98 revenue$149,834,000

Net income $27.8M ($0.98 diluted EPS) vs $61.3M ($2.00) a year ago; adjusted EPS $0.81 vs $0.78.
Total revenue $149.8M, down 5% YoY, as prior year included $50M gain on trademark sale.
Net interest margin expanded 103 bps to 5.62%; net interest income up 17% to $84.1M.
Raised FY2023 GAAP EPS guidance to $5.55-$5.95; shares repurchased 653,994 at avg $38.10.
Card processing expense from BaaS agreements jumped to $14.0M ($0.1M prior year).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PATHWARD FINANCIAL, INC. reported three months ended December 31, 2022 results: revenue $149.8 million, net income $27.8 million, EPS $0.98 p er share. Guidance raised.

Period: three months ended December 31, 2022
Revenue: $149.8 million
Net income: $27.8 million
EPS: $0.98 p er share
Guidance: raised
Result: reported results

Exact text from the filing

does not anticipate any further material expenses related to rebranding efforts. Financial Highlights for the 2023 Fiscal First Quarter • Total revenue for the first quarter was $149.8 million, a decrease of $8.4 million, or 5%, compared to the same quarter in fiscal 2022, primarily driven by the $50.0 million gain on sale of names and trademarks recognized during the

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Source: SEC EDGAR

accession 0000907471-23-000005

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