secwatch.observer — SEC 8-K summary
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Issuer:     PATHWARD FINANCIAL, INC. (CASH)
CIK:        0000907471
Form:       8-K
Filed at:   2026-10-21T20:05:26+00:00
Accession:  0000907471-26-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Pathward Q4 EPS $1.85 vs $1.69; FY EPS $8.14; nonperforming loans rise to 5.61% of gross loans
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- Q4 net income $38.6M, diluted EPS $1.85 vs $38.8M/$1.69 a year ago; FY2026 net income $175.7M, EPS $8.14 vs $185.9M/$7.87.
- Net interest income fell 8% to $117.6M; NIM 6.79% vs 7.46%, adjusted NIM 5.51%. Noninterest income rose 12% to $65.6M; expense fell 10% to $129.7M.
- Provision for credit losses $10.3M vs $6.4M reversal; net charge-offs $52.0M. Nonperforming loans $289.3M (5.61% of gross loans) vs 2.05% a year ago.
- Commercial finance loans $4.44B, up 13% YoY and 87% of portfolio; Q4 originations $2.2B vs $1.3B. Deposits $5.69B, down 3%.
- Repurchased 281,562 shares at average $88.75; 2,845,617 shares remain authorized. NPAs 4.00% of assets vs 1.42% a year ago, tied to renewable-energy projects.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907471/000090747126000042/0000907471-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907471/000090747126000042/cash-20261021.htm
  HTML page:      https://secwatch.observer/filing/0000907471-26-000042

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