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

Issuer:     PATHWARD FINANCIAL, INC. (CASH)
CIK:        0000907471
Form:       8-K
Filed at:   2025-07-28T23:59:59+00:00
Accession:  0000907471-25-000074
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pathward Financial Q3 net income $42.1M ($1.81 EPS), revenue up 4%; plans restatement
--------------------------------------------------------------------------------

- Net income $42.1M ($1.81 diluted EPS) vs $44.9M ($1.78) in Q3 FY24; total revenue $195.8M, +4% YoY.
- Net interest margin expanded 17 bps to 7.43%; loans ex insurance premium finance up 19% YoY.
- Company plans to restate FY2024 10-K and Q1 FY2025 10-Q due to gross vs net and derivative accounting errors in Credit Solutions.
- Nonperforming assets rose to 1.03% of total assets ($74.7M) from 0.60% at March 31, 2025.
- Repurchased 603,780 shares at avg $74.49 during the quarter; 5.1M shares remain under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907471/000090747125000074/0000907471-25-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907471/000090747125000074/cash-20250728.htm
  HTML page:      https://secwatch.observer/filing/0000907471-25-000074

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