Pathward Financial Q2 net income $54.8M, EPS $1.99; reaffirms FY2023 guidance

PATHWARD FINANCIAL, INC.

2023-Q2 EPS reported $2.95 revenue$378,277,000

Net income $54.8M ($1.99 diluted EPS) vs $49.3M ($1.66) YoY; adjusted net income $60.3M ($2.18).
Total revenue $228.4M, up 18% YoY; net interest margin expanded 132 bps to 6.12%.
Reaffirms FY2023 GAAP EPS guidance $5.55-$5.95 despite $7.3M pre-tax adverse impacts in Q2.
Repurchased 1,172,700 shares at avg $46.60; 2,468,283 shares remain under buyback program.
Legacy mobile solar transactions caused $6.8M pre-tax charge; $0.5M venture capital impairment.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PATHWARD FINANCIAL, INC. reported the three months ended March 31, 2023 results: revenue $228.4 million, net income $54.8 million, EPS $1.99 per share. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Revenue: $228.4 million
Net income: $54.8 million
EPS: $1.99 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of Pathward Financial appointed Christopher Perretta as a member of the Board. Financial Highlights for the 2023 Fiscal Second Quarter • Total revenue for the second quarter was $228.4 million, an increase of $34.9 million, or 18%, compared to the same quarter in fiscal 2022 , driven by an increase in both noninterest income and net interest income. • Net interest

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Source: SEC EDGAR

accession 0000907471-23-000060

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