earnings
confidence high
sentiment neutral
materiality 0.75
Pathward Q3 EPS $1.66, revenue $176.7M (+7% YoY), NIM expands to 6.56%
PATHWARD FINANCIAL, INC.
2024-Q3 EPS reported
$5.27
revenue$586,773,000
- Net income $41.8M ($1.66 diluted EPS) vs $45.1M ($1.68) in prior-year Q3.
- Revenue $176.7M (+7% YoY) on higher net interest income; NIM rose 38 bps to 6.56%.
- Loans grew 12% YoY to $4.61B; commercial finance (+12%) and warehouse finance led growth.
- Provision for credit losses $5.9M (up from $1.8M) due to higher commercial finance provisions.
- Tax services net product income up 33% to $47.1M for 9 months; repurchased 286,920 shares at $52.24.