Meta Financial Group, Inc. Provides Preliminary Unaudited Earnings Guidance for the First Quarter Ended December 31, 2014
January 13, 2015 at 04:10 pm
Share
Meta Financial Group, Inc. provided preliminary unaudited earnings guidance for the first quarter ended December 31, 2014. The company's management expects to report net income for the three months ended December 31, 2014 between $3.5 million and $3.6 million, and between $4.7 million and $4.8 million excluding approximately $1.3 million ($0.85 million after tax) in net losses on sales of investment securities and approximately $0.5 million ($0.35 million after tax) in expenses related to the company's acquisition of AFS/IBEX Financial Services which occurred in the company's fiscal 2015 first quarter.
Pathward Financial, Inc. is a financial holding company. The Company's subsidiary is Pathward, National Association (the Bank). The Bank operates through three segments: Consumer, Commercial, and Corporate Services/Other. The Consumer segment includes the banking as a service (BaaS) business line, which collaborates with partners to navigate payment and lending needs. The Bank's capabilities range from prepaid cards and deposit accounts to payment processing and consumer lending. The Bank offers a variety of installment and revolving consumer lending products through its credit solutions. The Commercial segment offers a variety of products through its working capital, equipment finance, structured finance and insurance premium finance lending solutions. The Corporate Services/Other segment includes certain shared services as well as treasury related functions, such as the investment portfolio, warehouse finance, wholesale deposit, and borrowings.
PATHWARD FINANCIAL, INC. 
