Quarterly ResultAug 6, 2026, 04:31 PM
PATHWARD Q3 Diluted EPS $1.37; Credit Loss Provision Up to $28.31M
AI Summary
PATHWARD FINANCIAL, INC. reported a decrease in net income attributable to the parent for the third quarter ended June 30, 2026, to $28.97 million, down from $42.15 million in the prior year. Diluted earnings per share also decreased to $1.37 from $1.81. The company experienced a significant increase in its provision for credit loss, rising to $28.31 million from $9.28 million year-over-year for the quarter, reflecting a more conservative stance. Total assets and loans and leases showed growth.
Key Highlights
- Q3 2026 Net Income attributable to parent decreased to $28.97 million from $42.15 million YoY.
- Q3 2026 Diluted EPS was $1.37, down from $1.81 in the prior year quarter.
- Q3 2026 Provision for credit loss significantly increased to $28.31 million from $9.28 million YoY.
- Total assets grew to $7.31 billion as of June 30, 2026, from $7.17 billion at September 30, 2025.
- Loans and leases increased to $5.11 billion as of June 30, 2026, from $4.66 billion at September 30, 2025.
- Allowance for credit losses rose to $109.78 million at June 30, 2026, from $53.32 million at September 30, 2025.
- The company repurchased $151.89 million of common stock during the nine months ended June 30, 2026.
Price Impact
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