secwatch.observer — SEC 8-K summary
======================================

Issuer:     PATHWARD FINANCIAL, INC. (CASH)
CIK:        0000907471
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000907471-24-000069
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 Q2 net income $65.3M ($2.56 EPS), revenue up 8%; narrows FY24 EPS guidance to $6.30-$6.60
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907471/000090747124000069/0000907471-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907471/000090747124000069/cash-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000907471-24-000069

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