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

Issuer:     PATHWARD FINANCIAL, INC. (CASH)
CIK:        0000907471
Form:       8-K
Filed at:   2026-07-22T20:05:23+00:00
Accession:  0000907471-26-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pathward Q3 net income $29M ($1.37 EPS) down 31% YoY; nonperforming assets surge to $277.5M
--------------------------------------------------------------------------------

- Net income of $29.0M ($1.37 diluted EPS) vs $42.1M ($1.81) in Q3 FY2025.
- Nonperforming assets rose to $277.5M (3.79% of assets) from $119.8M (1.68%) at March 31, 2026.
- Provision for credit losses increased to $28.3M from $9.3M YoY, driven by commercial finance specific reserves on two loans.
- Net charge-offs of $16.0M, with $15.9M from commercial finance; net charge-offs were $6.1M in prior year.
- Tax services product income net of losses and expenses up 29% to $77.1M for nine months; total tax services revenue $107.7M (+13%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907471/000090747126000032/0000907471-26-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907471/000090747126000032/cash-20260722.htm
  HTML page:      https://secwatch.observer/filing/0000907471-26-000032

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