PATHWARD FINANCIAL, INC.

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.

Pathward Financial, Inc. announced a cash dividend of $0.05 per share for its third fiscal quarter of 2026. The dividend is scheduled to be paid on July 1, 2026, to shareholders who are on record as of June 11, 2026. As of March 31, 2026, the company reported total assets of $7.11 billion and shareholders' equity of $850.7 million.

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.

Pathward Financial, Inc. reported net income of $72.9 million, or $3.35 per share, for the second fiscal quarter of 2026, compared to $75.0 million, or $3.14 per share, in the prior year. Total revenue increased to $276.3 million, primarily driven by a 9% rise in noninterest income. The company highlighted a strong tax season with a 13% increase in tax services product revenue and significant growth in new loan originations, expressing satisfaction with core business health and strategic progress.