secwatch.observer — SEC 8-K summary
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Issuer:     PATHWARD FINANCIAL, INC. (CASH)
CIK:        0000907471
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0000907471-25-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pathward Q1 net income $31.4M ($1.29/sh) on revenue $173.5M; sells insurance premium finance business
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907471/000090747125000010/0000907471-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907471/000090747125000010/cash-20250121.htm
  HTML page:      https://secwatch.observer/filing/0000907471-25-000010

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