NASDAQ : CASH

Pathward Financial, Inc. — Financial statements

Financials · Banks - Regional · United States

Last price 76.67 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.59B

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Financial statements

Income statement

Fiscal year October - September; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Interest Income on Loans430.67M430.67M455.82M438.58M346.82M268.08M
Interest Income on Investments54.26M54.26M67.58M80.47M75.13M44.12M
Total Interest Income484.93M484.93M523.39M519.06M421.95M312.20M
Interest Paid on Deposits4.74M4.74M5.43M13.02M4.36M500.00K
Interest Paid on Borrowings5.25M5.25M6.17M8.21M6.52M4.37M
Total Interest Expense10.00M10.00M11.60M21.23M10.87M4.87M
Net Interest Income474.93M474.93M511.79M497.82M411.08M307.32M
Gain (Loss) on Sale of Assets15.04M10.00M50.00M
Gain (Loss) on Sale of Investments-28.08M-999.00K-3.25M
Other Non-Interest Income347.23M347.23M338.14M299.59M306.60M243.81M
Total Non-Interest Income347.23M347.23M325.10M298.59M313.35M293.81M
Revenues Before Loan Losses822.16M822.16M836.89M796.41M724.43M601.13M
Provision for Loan Losses87.46M87.46M56.77M58.10M109.24M28.54M
Revenue734.71M734.71M780.12M738.31M615.18M572.59M
Salaries and Employee Benefits211.42M211.42M190.99M191.19M173.25M161.12M
Occupancy Expenses52.39M52.39M42.09M36.59M34.69M30.88M
Amortization of Goodwill & Intangibles3.10M3.10M3.46M4.13M4.97M6.58M
Selling, General & Administrative58.09M58.09M91.61M76.90M83.88M90.30M
Other Non-Interest Expense203.54M203.54M226.00M208.88M163.32M95.72M
Total Non-Interest Expense528.55M528.55M554.15M517.68M460.12M384.61M
EBT Excluding Unusual Items206.16M206.16M225.97M220.63M155.07M187.99M
Asset Writedown-926.00K-926.00K-2.92M-2.01M-24.00K-670.00K
Pretax Income205.23M205.23M223.05M218.62M155.04M187.32M
Income Tax Expense28.80M28.80M36.27M34.11M9.59M27.96M
Earnings From Continuing Operations176.43M176.43M186.79M184.51M145.46M159.35M
Minority Interest in Earnings-761.00K-761.00K-915.00K-1.29M-2.19M-2.97M
Net Income175.67M175.67M185.87M183.22M143.27M156.39M
Preferred Dividends & Other Adjustments192.00K192.00K691.00K1.68M2.15M2.56M
Net Income to Common175.48M175.48M185.18M181.54M141.12M153.82M
Basic Shares Outstanding21.44M21.44M23.40M25.17M26.83M29.23M
Diluted Shares Outstanding21.55M21.55M23.52M25.20M26.93M29.23M
EPS (Basic)8.188.187.917.215.265.26
EPS (Diluted)8.148.147.877.205.245.26
Dividend Per Share0.200.200.200.200.200.20
Effective Tax Rate14.03%14.03%16.26%15.60%6.18%14.93%

Balance sheet

Fiscal year October - September; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Cash & Equivalents162.40M162.40M120.57M158.34M375.58M388.04M
Investment Securities1.19B1.19B408.17M566.31M637.72M598.37M
Mortgage-Backed Securities974.18M1.23B1.23B1.35B
Total Investments1.19B1.19B1.38B1.80B1.87B1.95B
Gross Loans5.08B5.08B4.68B4.10B4.39B3.56B
Allowance for Loan Losses-67.32M-67.32M-53.32M-71.77M-49.70M-45.95M
Other Adjustments to Gross Loans-14.92M-19.88M-21.12M-19.23M
Net Loans5.02B5.02B4.61B4.00B4.32B3.49B
Property, Plant & Equipment160.41M160.41M222.78M268.79M277.81M276.18M
Goodwill297.93M309.50M309.50M309.50M
Other Intangible Assets307.33M307.33M12.50M16.59M20.72M25.69M
Loans Held for Sale74.09M74.09M179.42M691.69M77.78M21.07M
Accrued Interest Receivable35.83M35.83M38.52M31.39M23.28M17.98M
Other Real Estate Owned & Foreclosed2.57M1.47M1.76M1.74M
Other Long-Term Assets266.76M266.76M279.41M215.09M239.06M238.09M
Total Assets7.25B7.25B7.17B7.53B7.54B6.75B
Accrued Expenses373.62M373.62M360.61M397.69M219.79M167.74M
Interest Bearing Deposits5.69B5.69B264.76M253.89M251.24M212.74M
Institutional Deposits2.64M4.10M5.00M6.20M
Non-Interest Bearing Deposits5.62B5.62B6.33B5.65B
Total Deposits5.69B5.69B5.89B5.88B6.59B5.87B
Short-Term Borrowings334.50M334.50M9.00M377.00M13.00M
Current Portion of Leases3.44M
Long-Term Debt33.56M33.56M19.80M19.69M19.59M20.00M
Long-Term Leases20.52M26.00M29.42M34.47M
Trust Preferred Securities13.66M13.66M13.66M13.66M
Other Long-Term Liabilities924.00K695.00K272.00K366.00K
Total Liabilities6.43B6.43B6.31B6.71B6.88B6.10B
Common Stock207.00K207.00K228.00K248.00K262.00K288.00K
Additional Paid-In Capital659.64M659.64M648.33M638.80M628.50M617.40M
Retained Earnings348.05M348.05M359.83M337.06M278.65M245.39M
Treasury Stock-4.88M-249.00K-344.00K-4.83M
Comprehensive Income & Other-187.73M-187.73M-145.46M-153.39M-255.44M-213.08M
Total Common Equity820.16M820.16M858.04M822.47M651.63M645.17M
Minority Interest194.00K194.00K-591.00K-277.00K-1.00M-30.00K
Shareholders' Equity820.36M820.36M857.45M822.19M650.62M645.14M
Total Liabilities & Equity7.25B7.25B7.17B7.53B7.54B6.75B
Total Debt368.06M368.06M66.41M436.35M75.67M68.13M
Net Cash (Debt)-205.66M-205.66M54.16M-278.02M299.91M319.91M
Net Cash Per Share-9.54-9.542.30-11.0311.1410.94
Filing Date Shares Outstanding20.75M20.75M22.34M24.12M25.99M28.47M
Total Common Shares Outstanding20.75M20.75M22.77M24.85M26.18M28.79M
Book Value Per Share39.5339.5337.6833.1024.8922.41
Tangible Book Value512.83M512.83M547.62M496.37M321.40M309.97M
Tangible Book Value Per Share24.7224.7224.0519.9812.2810.77

Cash flow statement

Fiscal year October - September; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Net Income185.87M183.22M143.27M156.39M
Depreciation & Amortization14.09M16.01M19.25M25.96M
Other Amortization45.64M41.76M45.71M35.64M
Gain (Loss) on Sale of Assets-20.20M-6.75M-11.77M-51.60M
Gain (Loss) on Sale of Investments25.08M-154.00K
Total Asset Writedown2.92M2.01M24.00K670.00K
Provision for Credit Losses56.77M58.10M109.24M28.54M
Net Decrease (Increase) in Loans Originated / Sold - Operating273.45M19.23M-42.88M86.85M
Accrued Interest Receivable-7.13M-8.10M-5.30M-1.73M
Change in Other Net Operating Assets-116.07M161.50M64.52M-46.01M
Other Operating Activities17.71M17.46M-4.95M20.55M
Operating Cash Flow450.62M488.81M327.91M268.81M
Capital Expenditures-214.03M-276.75M-449.91M-438.87M
Sale of Property, Plant and Equipment28.31M9.57M15.00M9.41M
Investment in Securities404.44M201.58M25.25M-302.89M
Divestitures608.46M
Purchase / Sale of Intangibles10.00M50.00M
Net Decrease (Increase) in Loans Originated / Sold - Investing-959.27M-195.99M-547.54M366.52M
Other Investing Activities157.94M-1.34M1.64M4.96M
Investing Cash Flow25.84M-262.93M-945.56M-310.87M
Short-Term Debt Issued364.00M13.00M
Long-Term Debt Issued20.00M
Total Debt Issued364.00M13.00M20.00M
Short-Term Debt Repaid-368.00M
Long-Term Debt Repaid-75.08M
Total Debt Repaid-368.00M-75.08M
Net Debt Issued (Repaid)-368.00M364.00M13.00M-55.08M
Issuance of Common Stock3.00K1.00K2.89M
Repurchase of Common Stock-163.05M-86.85M-120.44M-168.24M
Common Dividends Paid-4.69M-5.07M-5.43M-5.92M
Net Increase (Decrease) in Deposit Accounts23.94M-714.10M723.14M351.07M
Other Financing Activities-1.23M-1.19M-5.42M-6.90M
Financing Cash Flow-513.03M-443.20M604.86M117.82M
Foreign Exchange Rate Adjustments-1.21M81.00K331.00K-1.74M
Net Cash Flow-37.77M-217.24M-12.46M74.02M
Free Cash Flow236.59M212.05M-121.99M-170.06M
Free Cash Flow Margin30.33%28.72%-19.83%-29.70%
Free Cash Flow Per Share10.068.41-4.53-5.82
Cash Interest Paid11.98M20.91M10.82M5.26M
Cash Income Tax Paid18.38M19.63M14.06M13.94M

Ratios

Fiscal year October - September; amounts in USD.

TTMFY2026FY2025FY2024FY2023FY2022
Market Capitalization1.59B1.48B1.69B1.65B1.21B957.60M
Last Close Price75.3171.1473.8365.6745.6932.53
PE Ratio9.408.429.109.088.566.22
PS Ratio2.132.012.162.231.971.67
PB Ratio1.901.801.972.001.861.48
P/FCF Ratio3.267.127.78
P/OCF Ratio2.243.743.373.693.56
Debt / Equity Ratio0.450.450.080.530.120.11
Debt / FCF Ratio0.282.06
Net Debt / Equity Ratio0.250.25-0.060.34-0.46-0.50
Net Debt / FCF Ratio-0.231.312.461.88
Return on Equity (ROE)21.03%21.03%22.24%25.06%22.45%21.01%
Return on Assets (ROA)2.45%2.45%2.54%2.45%2.04%2.37%
Earnings Yield10.64%11.89%11.03%11.11%11.85%16.33%
FCF Yield30.67%14.04%12.86%-10.09%-17.76%
Dividend Yield0.26%0.28%0.27%0.30%0.43%0.60%
Payout Ratio2.46%2.52%2.77%3.79%3.79%
Buyback Yield / Dilution8.38%8.38%6.66%6.40%7.89%7.93%
Total Shareholder Return8.65%8.67%6.93%6.70%8.32%8.54%