Pathward Financial Q3 net income $45.1M ($1.68 EPS), revenue up 31% YoY; raises FY23 EPS guide to $5.60-$6.00

PATHWARD FINANCIAL, INC.

2023-Q3 EPS reported $4.62 revenue$543,475,000

Net income $45.1M ($1.68 EPS) vs $22.4M ($0.76) YoY; revenue $165.2M, +31%.
Net interest margin expands to 6.18% from 4.76%; gross loans $4.07B, +$384M YoY.
Raises FY2023 GAAP EPS guidance to $5.60-$6.00; introduces FY2024 guidance $6.10-$6.60.
Repurchased 490k shares in Q3 at avg $43.83; additional 249k shares in July at avg $50.23.
BaaS card processing expense $20.5M (up from $2.2M prior year) tied to structured deposit agreements.

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 0.95

PATHWARD FINANCIAL, INC. reported the three months ended June 30, 2023 results: revenue $165.2 million, net income $45.1 million, EPS $1.68 per share.

Period: the three months ended June 30, 2023
Revenue: $165.2 million
Net income: $45.1 million
EPS: $1.68 per share
Result: reported results

Exact text from the filing

culture as well as the Company's purpose to power Financial Inclusion for All. Financial Highlights for the 2023 Fiscal Third Quarter • Total revenue for the third quarter was $165.2 million, an increase of $39.1 million, or 31%, compared to the same quarter in fiscal 2022 , driven by an increase in both net interest income and noninterest income. • Net interest

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PATHWARD FINANCIAL, INC. reported fiscal year 2024 results: EPS $6.10 to $6.60. Guidance initiated.

Period: fiscal year 2024
EPS: $6.10 to $6.60
Guidance: initiated
Result: guidance update

Exact text from the filing

introducing fiscal year 2024 GAAP earnings per diluted share guidance of $6.10 to $6.60

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PATHWARD FINANCIAL, INC. reported fiscal year 2023 results: EPS $5.60 to $6.00. Guidance raised.

Period: fiscal year 2023
EPS: $5.60 to $6.00
Guidance: raised
Result: guidance update

Exact text from the filing

we are increasing our fiscal year 2023 GAAP earnings per diluted share guidance to $5.60 to $6.00

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PATHWARD FINANCIAL, INC. filing history →

Source: SEC EDGAR

accession 0000907471-23-000088

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