Pathward Financial Q2 net income $65.3M ($2.56 EPS), revenue up 8%; narrows FY24 EPS guidance to $6.30-$6.60

PATHWARD FINANCIAL, INC.

2024-Q2 EPS reported $3.61 revenue$410,043,000

GAAP net income $65.3M ($2.56 EPS) vs $54.8M ($1.99) prior year; adjusted EPS $2.18.
Total revenue $247.2M, up 8% YoY; NIM 6.23% vs 6.12%; loans $4.41B, up $683.8M YoY.
Repurchased 764,185 shares at avg $51.20 in Q2; $7.6M shares remain under buyback program.
FY24 GAAP EPS guidance narrowed to $6.30-$6.60 (implied raise of lower end).
Tax product net income up 24% to $36.9M; servicing fee income on off-balance sheet deposits fell to $10.4M from $18.2M.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PATHWARD FINANCIAL, INC. reported the three months ended March 31, 2024 results: revenue $247.2 million, net income $65.3 million, EPS $2.56 per share. Guidance reaffirmed.

Period: the three months ended March 31, 2024
Revenue: $247.2 million
Net income: $65.3 million
EPS: $2.56 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

deliver market-leading revenue, employee retention and increased innovation. Financial Highlights for the 2024 Fiscal Second Quarter • Total revenue for the second quarter was $247.2 million, an increase of $18.8 million, or 8%, c ompared to the same quarter in fiscal 2023 , driven by an increase in both net interest income and noninterest income. • Net interest

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PATHWARD FINANCIAL, INC. filing history →

Source: SEC EDGAR

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