Pathward Financial, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
July 26, 2023 at 04:11 pm
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Pathward Financial, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported net interest income was USD 97.47 million compared to USD 72.15 million a year ago. Net income was USD 45.1 million compared to USD 22.39 million a year ago. Basic earnings per share from continuing operations was USD 1.69 compared to USD 0.76 a year ago. Diluted earnings per share from continuing operations was USD 1.68 compared to USD 0.76 a year ago.
For the nine months, net interest income was USD 282.93 million compared to USD 227.56 million a year ago. Net income was USD 127.71 million compared to USD 132.97 million a year ago. Basic earnings per share from continuing operations was USD 4.63 compared to USD 4.44 a year ago. Diluted earnings per share from continuing operations was USD 4.62 compared to USD 4.44 a year ago.
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. 
