Quarterly ResultMay 7, 2026, 04:30 PM
Pathward Financial Q1 Diluted EPS $3.35; Net Income $72.9M
AI Summary
Pathward Financial, Inc. reported mixed results for the three months ended March 31, 2026, with diluted EPS increasing to $3.35 despite a slight decrease in net income attributable to the parent to $72.9 million. For the six months, diluted EPS rose to $4.89 and net income increased to $108.1 million. The company experienced a decrease in net interest income for both periods, offset by an increase in noninterest income. The allowance for credit losses significantly increased to $98.3 million.
Key Highlights
- Diluted EPS for Q1 2026 increased to $3.35 from $3.14 in Q1 2025.
- Net income attributable to parent for Q1 2026 was $72.9 million, down from $75.0 million in Q1 2025.
- Net interest income for Q1 2026 decreased to $125.1 million from $136.3 million in Q1 2025.
- Total noninterest income for Q1 2026 increased to $151.2 million from $138.5 million in Q1 2025.
- Provision for credit loss for Q1 2026 increased to $45.6 million from $35.3 million in Q1 2025.
- Diluted EPS for the six months ended March 31, 2026, rose to $4.89 from $4.35 in the prior year.
- Net income attributable to parent for the six months was $108.1 million, up from $104.9 million in the prior year.
- Allowance for credit losses increased to $98.3 million as of March 31, 2026, from $53.3 million at September 30, 2025.
Price Impact
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