Pathward Financial Inc

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Equity

ISIN null / Valor 2059194

NASDAQ (2025-11-20)

USD 67.63+0.27%

Pathward Financial Inc
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About company

Pathward Financial Inc. is a federally registered financial institution that specializes in providing banking infrastructure and technology solutions to support third-party partners in delivering tailored banking programs. The company leverages its robust technological resources and collaborative approach to enable partners to meet the diverse needs of their customers. Pathward's services are designed to facilitate seamless integration and operation of banking services, ensuring that partners can offer reliable and efficient financial solutions. Through its strategic partnerships, Pathward plays a crucial role in the financial ecosystem by enhancing the capabilities of its partners and contributing to the delivery of innovative banking services.

Summarized from source with an LLMView SourceSector: Finance

Net Income

For the fourth quarter ended September 30, 2024, Pathward Financial Inc reported a net income of $33.6 million, or $1.35 per share, compared to $35.9 million, or $1.36 per share, in the same quarter of fiscal 2023.

Revenue Growth

Total revenue for the fiscal fourth quarter increased by 4% to $167.9 million, driven by a rise in net interest income despite a reduction in noninterest income.

Enhanced Net Interest Margin

The net interest margin (NIM) improved by 47 basis points to 6.66% in Q4 2024 from 6.19% in Q4 2023, supported by higher yields on earning assets and an optimized asset mix.

Business Developments

Pathward Financial Inc announced the sale of its commercial insurance premium finance business and celebrated significant milestones, including the renaming of its "Banking as a Service" line to "Partner Solutions" and winning Finovate’s Best Banking as a Service Provider award.

Share Repurchases

During the fourth quarter, the company repurchased 236,308 shares of common stock at an average price of $63.44, with 7,000,000 shares remaining available under the current repurchase program.

Summarized from source with an LLMView Source

Key figures

-15.0%1Y

58.6%3Y

95.1%5Y

Performance

31.0%1Y

30.9%3Y

36.5%5Y

Volatility