secwatch.observer — SEC 8-K summary
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Issuer:     PATHWARD FINANCIAL, INC. (CASH)
CIK:        0000907471
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000907471-23-000088
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907471/000090747123000088/0000907471-23-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907471/000090747123000088/cash-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000907471-23-000088

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