secwatch.observer — SEC 8-K summary
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Issuer:     PATHWARD FINANCIAL, INC. (CASH)
CIK:        0000907471
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0000907471-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907471/000090747123000005/0000907471-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907471/000090747123000005/cash-20230125.htm
  HTML page:      https://secwatch.observer/filing/0000907471-23-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer