earnings
confidence high
sentiment positive
materiality 0.75
Pathward Q1 net income $31.4M ($1.29/sh) on revenue $173.5M; sells insurance premium finance business
PATHWARD FINANCIAL, INC.
2025-Q1 EPS reported
$1.29
revenue$173,511,000
- Net income $31.4M ($1.29 EPS) vs $27.7M ($1.06 EPS) a year ago; total revenue up 7% to $173.5M.
- NIM expanded 61 bp to 6.84%; gross loan growth ex-insurance premium finance up 22% YoY.
- Completed sale of insurance premium finance for $603.3M plus $31.2M premium, recording $16.4M pre-tax gain.
- Sold $160.6M debt securities AFS, incurring $15.7M loss, largely offsetting the gain from the business sale.
- Repurchased 701,860 shares at avg $74.05; extended two large Partner Solutions contracts; tax offices up 12%.