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Pathward Financial (CASH) Financials

Pathward Financial logo
$86.34 -1.21 (-1.38%)
Closing price 03:59 PM Eastern
Extended Trading
$86.32 -0.02 (-0.02%)
As of 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Pathward Financial

Annual Income Statements for Pathward Financial

This table shows Pathward Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 18 33 45 52 97 105 142 151 143 183 186
Consolidated Net Income / (Loss)		 18 33 45 52 101 109 146 154 145 185 187
Net Income / (Loss) Continuing Operations		 18 33 45 52 101 109 146 154 145 185 187
Total Pre-Tax Income 		19 39 55 57 98 115 156 180 155 219 223
Total Revenue		 117 178 265 315 487 499 550 618 728 797 840
Net Interest Income / (Expense)		 59 77 93 131 264 259 279 325 411 498 512
Total Interest Income		 62 81 108 159 326 293 286 329 422 519 523
Loans and Leases Interest Income		 30 36 52 98 275 261 256 285 347 439 456
Investment Securities Interest Income		 14 16 17 15 11 9.03 12 27 41 39 34
Other Interest Income		 18 29 39 45 40 23 18 17 34 41 34
Total Interest Expense		 2.39 4.09 15 28 62 34 6.86 4.87 11 21 12
Deposits Interest Expense		 0.73 0.61 6.05 15 47 23 1.59 0.50 4.36 13 5.43
Long-Term Debt Interest Expense		 1.66 3.48 8.82 13 15 11 5.27 4.37 6.52 8.21 6.17
Total Non-Interest Income		 58 101 172 185 223 240 271 294 317 300 328
Other Service Charges		 57 0.01 0.26 8.33 9.98 15 26 17 304 287 296
Net Realized & Unrealized Capital Gains on Investments		 -1.61 -0.33 -0.01 0.56 7.83 24 12 44 12 6.75 -4.89
Other Non-Interest Income		 2.35 101 172 176 205 201 233 233 0.41 5.92 37
Provision for Credit Losses		 1.47 4.61 11 29 56 65 50 57 109 58 57
Total Non-Interest Expense		 97 135 200 228 333 319 344 381 463 521 560
Salaries and Employee Benefits		 46 70 101 121 163 144 151 180 184 201 200
Net Occupancy & Equipment Expense		 13 15 18 20 28 27 29 35 35 37 42
Property & Liability Insurance Claims		 4.98 4.82 8.38 15 17 21 31 41 27 25 36
Other Operating Expenses		 29 37 58 58 71 79 90 83 163 209 226
Depreciation Expense		 - 0.00 0.00 5.39 26 33 31 36 46 42 46
Amortization Expense		 - 4.83 12 9.64 18 11 8.55 6.59 4.97 4.13 3.46
Impairment Charge		 1.35 0.00 - 0.02 9.66 1.98 2.82 0.67 3.27 3.01 5.92
Income Tax Expense		 1.37 5.60 10 5.12 -3.37 5.66 11 26 9.59 34 36
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 0.00 0.00 0.67 4.31 4.62 4.04 2.97 2.19 1.29 0.92
Basic Earnings per Share		 $2.68 $1.31 $1.62 $1.68 $2.49 $2.94 $4.38 $5.09 $5.26 $7.21 $7.91
Weighted Average Basic Shares Outstanding		 6.73M 8.50M 9.30M 39.41M 37.58M 33.45M 30.55M 28.47M 25.99M 24.12M 22.34M
Diluted Earnings per Share		 $2.66 $1.30 $1.61 $1.67 $2.49 $2.94 $4.38 $5.09 $5.24 $7.20 $7.87
Weighted Average Diluted Shares Outstanding		 6.73M 8.50M 9.30M 39.41M 37.58M 33.45M 30.55M 28.47M 25.99M 24.12M 22.34M
Weighted Average Basic & Diluted Shares Outstanding		 6.73M 8.50M 9.30M 39.41M 37.58M 33.45M 30.55M 28.47M 25.99M 24.12M 22.34M
Cash Dividends to Common per Share		 $0.52 $0.17 $0.17 $0.18 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20

Quarterly Income Statements for Pathward Financial

This table shows Pathward Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 36 35 70 45 34 30 75 42 39 35 73
Consolidated Net Income / (Loss)		 36 35 70 45 34 30 75 42 39 35 73
Net Income / (Loss) Continuing Operations		 36 35 70 45 34 30 75 42 39 35 73
Total Pre-Tax Income 		34 43 87 51 37 36 91 47 48 43 87
Total Revenue		 161 172 258 189 168 183 275 196 187 173 276
Net Interest Income / (Expense)		 105 119 129 123 116 125 136 122 128 119 125
Total Interest Income		 110 125 137 126 120 128 142 124 129 121 131
Loans and Leases Interest Income		 90 104 113 108 102 112 120 109 115 108 115
Investment Securities Interest Income		 10 10 10.00 9.75 9.61 8.99 8.58 8.34 8.15 7.81 7.59
Other Interest Income		 9.33 11 14 8.32 7.85 7.52 14 6.49 5.84 5.64 8.46
Total Interest Expense		 4.71 5.86 8.46 3.08 3.83 3.11 5.73 1.28 1.49 1.88 5.75
Deposits Interest Expense		 1.95 3.53 6.69 1.69 1.12 0.78 4.09 0.29 0.28 0.21 4.27
Long-Term Debt Interest Expense		 2.75 2.34 1.78 1.39 2.71 2.33 1.64 0.99 1.21 1.68 1.48
Total Non-Interest Income		 56 53 129 66 52 57 139 73 59 54 151
Other Service Charges		 -176 5.18 127 61 -170 51 5.87 66 48 49 147
Net Realized & Unrealized Capital Gains on Investments		 2.01 2.87 0.29 2.95 3.46 1.72 -7.96 0.39 -3.42 0.49 0.88
Other Non-Interest Income		 - 45 1.40 1.72 - 4.38 141 7.14 - 4.16 3.57
Provision for Credit Losses		 9.04 7.76 30 12 0.84 19 35 9.28 -6.43 3.23 46
Total Non-Interest Expense		 118 121 141 126 130 128 148 139 145 127 143
Salaries and Employee Benefits		 46 47 54 48 52 49 52 49 51 52 55
Net Occupancy & Equipment Expense		 9.27 8.85 9.29 9.07 9.38 9.71 10 11 11 13 12
Property & Liability Insurance Claims		 7.63 4.89 6.14 5.41 8.41 5.23 5.88 11 14 5.55 5.33
Other Operating Expenses		 43 49 58 50 49 51 66 56 53 47 60
Depreciation Expense		 11 10 10 10 10 11 12 12 11 10.00 9.08
Amortization Expense		 1.11 0.98 1.24 0.98 0.92 0.81 1.08 0.80 0.76 0.72 0.97
Impairment Charge		 - - 2.01 1.00 - - 1.51 1.08 - - 0.00
Income Tax Expense		 -2.67 7.70 17 6.10 3.05 6.01 16 4.80 9.30 7.19 14
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.51 0.26 0.25 0.21 0.58 0.20 0.24 0.21 0.27 0.30 0.15
Basic Earnings per Share		 $1.35 $1.34 $2.74 $1.78 $1.35 $1.23 $3.16 $1.83 $1.69 $1.57 $3.37
Weighted Average Basic Shares Outstanding		 25.99M 25.49M 25.27M 24.98M 24.12M 23.85M - 22.77M 22.34M 21.76M 21.11M
Diluted Earnings per Share		 $1.34 $1.34 $2.74 $1.78 $1.34 $1.23 $3.14 $1.81 $1.69 $1.57 $3.35
Weighted Average Diluted Shares Outstanding		 25.99M 25.49M 25.27M 24.98M 24.12M 23.85M - 22.77M 22.34M 21.76M 21.11M
Weighted Average Basic & Diluted Shares Outstanding		 25.99M 25.49M 25.27M 24.98M 24.12M 23.85M - 22.77M 22.34M 21.76M 21.11M

Annual Cash Flow Statements for Pathward Financial

This table details how cash moves in and out of Pathward Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Change in Cash & Equivalents		 -2.17 746 494 -1,168 27 301 -113 74 -12 -217 -38
Net Cash From Operating Activities		 49 78 120 138 191 467 582 290 328 489 451
Net Cash From Continuing Operating Activities		 49 78 120 138 186 467 582 290 328 489 451
Net Income / (Loss) Continuing Operations		 18 33 45 52 101 109 146 154 145 185 187
Consolidated Net Income / (Loss)		 18 33 45 52 101 109 146 154 145 185 187
Provision For Loan Losses		 1.47 4.61 11 29 56 65 50 57 109 58 57
Depreciation Expense		 29 36 45 38 55 61 59 62 65 58 60
Non-Cash Adjustments to Reconcile Net Income		 0.65 -0.74 19 34 -24 233 286 47 -45 16 251
Changes in Operating Assets and Liabilities, net		 0.17 5.80 0.34 -15 -2.80 -0.42 41 -29 54 172 -104
Net Cash From Investing Activities		 -454 -738 -700 -390 -339 -206 -1,118 -332 -946 -263 26
Net Cash From Continuing Investing Activities		 -454 -738 -700 -390 -339 -206 -1,118 -332 -946 -263 26
Purchase of Property, Leasehold Improvements and Equipment		 -5.03 -6.98 -6.80 -10 -158 -66 -63 -433 -450 -277 -214
Purchase of Investment Securities		 -1,709 -1,992 -2,036 -2,262 -2,032 -853 -1,354 -1,196 -702 -708 -520
Sale of Property, Leasehold Improvements and Equipment		 2.10 0.06 0.06 0.00 0.10 17 16 3.64 15 9.57 28
Divestitures		 9.77 0.00 0.00 59 0.00 3.50 - - 0.00 0.00 608
Sale and/or Maturity of Investments		 1,248 1,260 1,342 1,823 1,850 792 479 956 524 610 857
Other Investing Activities, net		 - - - - 1.57 -101 -196 337 -332 102 -733
Net Cash From Financing Activities		 403 1,406 1,074 -916 175 40 423 118 605 -443 -513
Net Cash From Continuing Financing Activities		 403 1,406 1,074 -916 175 40 423 118 605 -443 -513
Net Change in Deposits		 291 773 793 87 -92 931 536 351 723 -714 24
Issuance of Common Equity		 0.00 0.00 1.19 1.61 2.01 3.22 3.04 2.89 0.00 0.00 0.00
Repayment of Debt		 -0.12 -1.89 -5.85 -432 -12 -765 -5.64 -78 11 363 -368
Payment of Dividends		 -3.49 -4.39 -4.84 -6.00 -12 -12 -10 -5.92 -5.43 -5.07 -4.69
Other Financing Activities, Net		 45 13 -18 -566 5.46 -118 -100 -172 -124 -87 -164
Effect of Exchange Rate Changes		 - 0.00 0.00 0.00 -0.12 -0.10 0.48 -1.74 0.33 0.08 -1.21
Cash Interest Paid		 2.43 3.49 16 33 60 41 8.21 5.26 11 21 12
Cash Income Taxes Paid		 5.33 5.98 20 9.15 -2.82 6.22 8.04 14 14 20 18

Quarterly Cash Flow Statements for Pathward Financial

This table details how cash moves in and out of Pathward Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -140 296 -324 -49 -141 439 -343 4.09 -138 211 -174
Net Cash From Operating Activities		 114 30 193 103 135 -72 188 30 304 108 233
Net Cash From Continuing Operating Activities		 114 30 193 103 135 -72 188 30 304 108 233
Net Income / (Loss) Continuing Operations		 36 35 66 42 34 30 75 42 39 35 73
Consolidated Net Income / (Loss)		 36 35 66 42 34 30 75 42 39 35 73
Provision For Loan Losses		 9.04 7.76 26 5.88 0.84 19 35 9.28 -6.43 3.23 46
Depreciation Expense		 15 15 15 14 14 15 15 15 14 13 13
Non-Cash Adjustments to Reconcile Net Income		 22 6.65 50 3.31 -44 25 4.44 46 175 133 47
Changes in Operating Assets and Liabilities, net		 31 -35 37 38 130 -160 58 -83 82 -76 54
Net Cash From Investing Activities		 -300 -51 63 -167 -80 293 215 -282 -200 -300 141
Net Cash From Continuing Investing Activities		 -300 -51 63 -167 -80 293 215 -282 -200 -300 141
Purchase of Property, Leasehold Improvements and Equipment		 -72 -108 -69 -51 -49 -55 -38 -29 -93 -50 -43
Purchase of Investment Securities		 -148 -181 -166 -160 -202 -231 -77 -98 -114 -123 -66
Sale of Property, Leasehold Improvements and Equipment		 5.67 -0.08 1.85 2.57 -7.71 5.71 2.97 12 7.23 2.41 4.21
Sale and/or Maturity of Investments		 179 146 138 150 189 304 290 117 145 154 89
Other Investing Activities, net		 -265 92 157 -109 -9.59 -331 28 -285 -145 -284 156
Net Cash From Financing Activities		 46 317 -579 15 -196 220 -747 254 -241 402 -547
Net Cash From Continuing Financing Activities		 46 317 -579 15 -196 220 -747 254 -241 402 -547
Net Change in Deposits		 282 347 -568 63 -556 656 -700 186 -118 463 -499
Repayment of Debt		 -217 -13 31 -31 377 -377 - 115 -106 -9.00 26
Payment of Dividends		 -1.31 -1.30 -1.27 -1.26 -1.24 -1.20 -1.19 -1.15 -1.14 -1.11 -1.09
Other Financing Activities, Net		 -17 -16 -41 -15 -16 -58 -46 -46 -15 -51 -73
Effect of Exchange Rate Changes		 -0.61 0.62 -0.58 -0.30 0.34 -2.02 -0.02 2.07 -1.24 0.79 -1.15
Cash Interest Paid		 5.26 4.17 8.44 3.38 4.92 2.91 6.31 0.72 2.04 1.35 6.29
Cash Income Taxes Paid		 2.80 0.64 9.05 4.30 5.64 1.41 8.32 4.62 4.04 0.93 14

Annual Balance Sheets for Pathward Financial

This table presents Pathward Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Total Assets		 2,530 4,006 5,228 5,835 6,183 6,092 6,691 6,736 7,503 7,532 7,172
Cash and Due from Banks		 28 774 1,268 100 127 427 314 388 376 158 121
Trading Account Securities		 1,602 2,089 2,257 2,020 1,407 1,361 1,922 1,925 1,841 1,774 1,357
Loans and Leases, Net of Allowance		 0.00 -5.64 0.00 0.00 -29 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 706 - 0.00 16 149 184 56 21 78 692 179
Premises and Equipment, Net		 17 19 19 40 254 42 45 42 39 244 41
Intangible Assets		 34 29 52 71 53 42 343 335 330 326 310
Other Assets		 106 1,065 1,534 3,285 3,913 3,728 4,011 4,025 4,840 4,337 5,164
Total Liabilities & Shareholders' Equity		 2,530 4,006 5,228 5,835 6,183 6,092 6,691 6,736 7,503 7,532 7,172
Total Liabilities		 2,258 3,671 4,794 5,087 5,339 5,245 5,819 6,102 6,885 6,710 6,315
Non-Interest Bearing Deposits		 1,449 2,168 2,454 2,405 2,358 4,357 5,515 5,866 6,589 5,875 5,887
Short-Term Debt		 544 1,095 1,405 426 646 - - 0.00 13 377 9.00
Long-Term Debt		 19 92 86 89 216 98 93 36 34 33 33
Other Long-Term Liabilities		 0.33 4.60 - - 131 - 211 200 249 424 385
Total Equity & Noncontrolling Interests		 271 335 434 748 844 847 872 633 618 822 857
Total Preferred & Common Equity		 271 335 434 744 840 844 871 633 619 822 858
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 271 335 434 744 840 844 871 633 619 822 858
Common Stock		 171 185 258 566 581 595 605 618 629 639 649
Retained Earnings		 98 127 167 213 253 235 259 233 246 337 360
Treasury Stock		 -0.31 0.00 -0.27 -1.99 -0.45 -3.68 -0.86 -4.84 -0.34 -0.25 -4.88
Accumulated Other Comprehensive Income / (Loss)		 2.46 23 9.17 -33 6.34 18 7.60 -213 -255 -153 -145
Noncontrolling Interest		 - - 0.00 3.57 4.05 3.60 1.16 -0.03 -1.01 -0.28 -0.59

Quarterly Balance Sheets for Pathward Financial

This table presents Pathward Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 12/31/2022 3/31/2023 6/30/2023 12/31/2023 3/31/2024 6/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026
Total Assets		 6,659 6,868 7,459 7,927 7,437 7,530 7,603 6,995 7,230 7,560 7,112
Cash and Due from Banks		 369 433 515 672 348 299 597 254 258 331 158
Trading Account Securities		 1,888 1,864 1,952 1,886 1,814 1,759 1,512 1,443 1,398 1,339 1,299
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 17 25 87 70 26 29 73 46 50 88 53
Premises and Equipment, Net		 41 40 39 38 37 246 245 40 40 42 42
Intangible Assets		 334 333 331 329 328 327 313 312 311 310 309
Other Assets		 4,010 4,174 4,534 4,933 4,884 4,869 4,863 4,900 5,173 5,450 5,251
Total Liabilities & Shareholders' Equity		 6,659 6,868 7,459 7,927 7,437 7,530 7,603 6,995 7,230 7,560 7,112
Total Liabilities		 6,000 6,195 6,781 7,198 6,698 6,765 6,846 6,181 6,412 6,706 6,262
Non-Interest Bearing Deposits		 5,789 5,903 6,307 6,936 6,368 6,432 6,519 5,819 6,005 6,350 5,852
Short-Term Debt		 - 43 230 0.00 31 0.00 0.00 0.00 115 0.00 26
Long-Term Debt		 35 35 34 34 33 33 33 33 33 33 34
Other Long-Term Liabilities		 176 215 210 228 265 300 294 328 258 323 351
Total Equity & Noncontrolling Interests		 659 673 678 729 739 765 758 814 818 854 851
Total Preferred & Common Equity		 659 674 678 730 740 766 758 815 819 855 851
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 659 674 678 730 740 766 758 815 819 855 851
Common Stock		 621 624 626 630 635 637 641 644 646 651 655
Retained Earnings		 247 245 267 293 318 343 313 342 337 347 341
Treasury Stock		 -6.82 -6.94 -6.94 -5.24 -6.18 -6.18 -4.88 -4.88 -4.88 -8.42 -3.54
Accumulated Other Comprehensive Income / (Loss)		 -202 -188 -208 -188 -207 -208 -191 -166 -160 -135 -141
Noncontrolling Interest		 -0.21 -0.55 -0.63 -0.51 -0.42 -0.51 -0.76 -0.66 -0.86 -0.82 -0.79

Annual Metrics And Ratios for Pathward Financial

This table displays calculated financial ratios and metrics derived from Pathward Financial's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 19.79% 51.69% 49.04% 18.72% 54.49% 2.48% 10.24% 9.32% 17.19% 7.13% 5.33%
EBITDA Growth		 31.39% 54.10% 34.60% -5.06% 60.92% 14.80% 22.61% 15.51% -0.74% 3.83% 2.31%
EBIT Growth		 4.32% 99.88% 42.06% 4.10% 70.60% 17.42% 36.03% 19.73% -2.77% 9.15% 2.03%
NOPAT Growth		 14.90% 83.99% 35.21% 16.42% 93.75% 7.92% 33.29% 9.34% 4.05% 2.32% 1.23%
Net Income Growth		 14.90% 83.99% 35.21% 16.42% 93.75% 7.92% 33.29% 9.34% 4.05% 2.32% 1.23%
EPS Growth		 5.14% 83.99% 35.21% 16.42% 49.10% 18.07% 48.98% 20.09% 13.88% 10.52% 9.31%
Operating Cash Flow Growth		 90.66% 59.50% 52.86% 14.81% 38.66% 144.60% 24.49% -53.78% 12.76% 49.63% -7.81%
Free Cash Flow Firm Growth		 -3,436.08% -6.56% 45.44% 300.06% -147.88% 354.24% -85.45% 249.96% -66.25% -356.10% 235.69%
Invested Capital Growth		 312.20% 82.39% 26.40% -34.40% 35.12% -44.57% 2.03% -29.39% 2.40% 79.21% -26.99%
Revenue Q/Q Growth		 5.29% 4.90% 6.08% 6.36% 6.21% 0.74% 2.79% 0.50% 5.67% 0.93% 0.86%
EBITDA Q/Q Growth		 12.47% 3.66% -5.29% 0.86% 18.28% -2.53% 1.26% 1.61% 5.08% 0.77% 4.14%
EBIT Q/Q Growth		 3.82% 7.97% -10.80% 2.00% 24.90% -4.43% 1.18% 2.75% 6.37% 1.78% 5.13%
NOPAT Q/Q Growth		 7.60% 4.29% -8.67% 17.14% 13.52% -6.22% 1.75% 4.86% 8.02% -1.30% 2.73%
Net Income Q/Q Growth		 7.60% 4.29% -8.67% 17.14% 13.52% -6.22% 1.75% 4.86% 8.02% -1.30% 2.73%
EPS Q/Q Growth		 4.31% 4.29% -8.67% 17.14% 10.18% -8.98% 0.69% 7.13% 9.11% 0.00% 4.65%
Operating Cash Flow Q/Q Growth		 18.95% 38.17% 7.95% -7.86% -2.92% 54.98% -8.57% -35.68% 77.84% 4.75% 55.35%
Free Cash Flow Firm Q/Q Growth		 -2,087.93% -258.55% -20.46% 148.27% 35.86% 239.45% -40.49% 16.30% 417.98% -221.45% 3,656.83%
Invested Capital Q/Q Growth		 248.04% 235.17% 140.60% 126.74% 44.65% -9.06% -0.57% -8.12% -25.95% 56.52% -6.90%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 41.15% 41.80% 37.75% 30.19% 31.45% 35.23% 39.19% 41.41% 35.07% 33.99% 33.67%
EBIT Margin		 16.55% 21.80% 20.78% 18.22% 20.12% 23.05% 28.45% 31.16% 25.85% 26.34% 26.56%
Profit (Net Income) Margin		 15.38% 18.66% 16.92% 16.60% 20.81% 21.92% 26.50% 26.51% 23.54% 22.48% 22.24%
Tax Burden Percent		 92.96% 85.57% 81.45% 91.09% 103.44% 95.08% 93.16% 85.07% 91.04% 85.34% 83.74%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 7.04% 14.43% 18.55% 8.91% -3.44% 4.92% 6.84% 14.93% 8.96% 14.66% 16.26%
Return on Invested Capital (ROIC)		 3.48% 2.82% 2.61% 3.28% 6.83% 8.25% 15.26% 19.36% 24.05% 17.42% 17.52%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.48% 2.82% 2.61% 3.28% 6.83% 8.25% 15.26% 19.36% 24.05% 17.42% 17.52%
Return on Net Nonoperating Assets (RNNOA)		 4.61% 8.14% 9.07% 5.56% 5.90% 4.68% 1.70% 1.64% 1.54% 5.35% 4.72%
Return on Equity (ROE)		 8.09% 10.96% 11.67% 8.85% 12.73% 12.93% 16.96% 21.01% 25.59% 22.77% 22.24%
Cash Return on Invested Capital (CROIC)		 -118.42% -55.53% -20.72% 44.83% -23.05% 65.60% 13.25% 53.82% 21.68% -39.31% 48.72%
Operating Return on Assets (OROA)		 0.85% 1.19% 1.19% 1.04% 1.63% 1.87% 2.45% 2.79% 2.55% 2.64% 3.03%
Return on Assets (ROA)		 0.79% 1.02% 0.97% 0.95% 1.69% 1.78% 2.28% 2.37% 2.32% 2.25% 2.54%
Return on Common Equity (ROCE)		 8.09% 10.96% 11.67% 8.82% 12.67% 12.87% 16.91% 20.99% 25.61% 22.79% 22.25%
Return on Equity Simple (ROE_SIMPLE)		 6.65% 9.92% 10.34% 7.03% 12.06% 12.96% 16.74% 24.70% 25.45% 20.20% 21.77%
Net Operating Profit after Tax (NOPAT)		 18 33 45 52 101 109 146 159 166 170 187
NOPAT Margin		 15.38% 18.66% 16.92% 16.60% 20.81% 21.92% 26.50% 26.51% 23.54% 22.48% 22.24%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 51.77% 49.21% 45.46% 44.60% 39.32% 34.26% 32.80% 34.27% 31.09% 31.54% 28.88%
Operating Expenses to Revenue		 82.21% 75.61% 75.23% 72.44% 68.45% 63.96% 62.50% 64.09% 66.00% 68.01% 66.68%
Earnings before Interest and Taxes (EBIT)		 19 39 55 57 98 115 156 187 182 199 223
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 48 74 100 95 153 176 215 249 247 257 283
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.01 1.48 1.62 1.40 1.44 0.78 1.90 1.47 1.85 1.96 1.96
Price to Tangible Book Value (P/TBV)		 1.37 1.84 2.49 2.83 2.52 1.33 3.14 3.07 3.75 3.21 3.08
Price to Revenue (P/Rev)		 2.34 2.78 2.66 3.32 2.48 1.31 3.01 1.58 1.71 2.18 2.01
Price to Earnings (P/E)		 15.21 14.88 15.71 20.24 12.43 6.25 11.68 6.08 7.36 9.79 9.07
Dividend Yield		 1.31% 0.90% 0.69% 0.67% 0.63% 1.06% 0.39% 0.61% 0.44% 0.30% 0.27%
Earnings Yield		 6.57% 6.72% 6.36% 4.94% 8.05% 15.99% 8.56% 16.46% 13.58% 10.21% 11.03%
Enterprise Value to Invested Capital (EV/IC)		 0.97 0.60 0.48 1.16 1.14 0.35 1.49 0.88 1.25 1.52 1.79
Enterprise Value to Revenue (EV/Rev)		 6.90 5.10 3.50 4.64 4.00 0.66 2.61 0.99 1.24 2.52 1.91
Enterprise Value to EBITDA (EV/EBITDA)		 16.78 12.20 9.26 15.38 12.71 1.87 6.66 2.40 3.54 7.41 5.68
Enterprise Value to EBIT (EV/EBIT)		 41.73 23.39 16.83 25.49 19.86 2.86 9.18 3.19 4.80 9.56 7.20
Enterprise Value to NOPAT (EV/NOPAT)		 44.89 27.33 20.66 27.98 19.20 3.01 9.85 3.75 5.28 11.20 8.60
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.47 11.57 7.74 10.62 10.18 0.70 2.47 2.22 2.89 4.19 3.57
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 2.05 0.00 0.38 11.34 1.35 5.85 0.00 3.09
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.08 3.55 3.43 0.69 1.02 0.12 0.11 0.06 0.07 0.49 0.05
Long-Term Debt to Equity		 0.07 0.28 0.20 0.12 0.26 0.12 0.11 0.06 0.05 0.04 0.04
Financial Leverage		 1.33 2.89 3.48 1.70 0.86 0.57 0.11 0.08 0.06 0.31 0.27
Leverage Ratio		 10.27 10.78 12.00 9.36 7.55 7.26 7.44 8.86 11.02 10.12 8.75
Compound Leverage Factor		 10.27 10.78 12.00 9.36 7.55 7.26 7.44 8.86 11.02 10.12 8.75
Debt to Total Capital		 67.50% 78.00% 77.42% 40.77% 50.52% 10.39% 9.62% 5.29% 6.72% 32.83% 4.72%
Short-Term Debt to Total Capital		 65.17% 71.93% 72.98% 33.72% 37.87% 0.00% 0.00% 0.00% 1.86% 30.16% 1.00%
Long-Term Debt to Total Capital		 2.33% 6.07% 4.44% 7.05% 12.65% 10.39% 9.62% 5.29% 4.86% 2.67% 3.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.28% 0.24% 0.38% 0.12% 0.00% -0.14% -0.02% -0.07%
Common Equity to Total Capital		 32.50% 22.00% 22.58% 58.91% 49.24% 89.23% 90.26% 94.72% 93.42% 67.19% 95.35%
Debt to EBITDA		 11.66 15.95 14.87 5.41 5.63 0.56 0.43 0.14 0.19 1.60 0.15
Net Debt to EBITDA		 11.09 5.56 2.22 4.36 4.80 -1.87 -1.03 -1.41 -1.33 0.98 -0.28
Long-Term Debt to EBITDA		 0.40 1.24 0.85 0.94 1.41 0.56 0.43 0.14 0.14 0.13 0.12
Debt to NOPAT		 31.21 35.75 33.17 9.84 8.51 0.90 0.64 0.23 0.28 2.42 0.23
Net Debt to NOPAT		 29.68 12.45 4.95 7.93 7.26 -3.01 -1.52 -2.21 -1.98 1.49 -0.42
Long-Term Debt to NOPAT		 1.08 2.78 1.90 1.70 2.13 0.90 0.64 0.23 0.20 0.20 0.18
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.34% 0.50% 0.45% 0.28% 0.07% -0.08% -0.09% -0.05%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -614 -655 -357 714 -342 870 127 443 149 -383 519
Operating Cash Flow to CapEx		 1,679.09% 1,133.69% 1,780.27% 1,325.84% 120.66% 963.72% 1,234.39% 61.26% 69.70% 164.21% 242.64%
Free Cash Flow to Firm to Interest Expense		 -257.32 -159.99 -24.01 25.53 -5.56 25.73 18.44 90.91 13.75 -18.03 44.79
Operating Cash Flow to Interest Expense		 20.62 19.19 8.07 4.92 3.10 13.82 84.75 55.17 27.87 21.36 38.85
Operating Cash Flow Less CapEx to Interest Expense		 19.39 17.50 7.61 4.55 0.53 12.39 77.89 -34.90 -12.12 8.35 22.84
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.06 0.06 0.08 0.08 0.09 0.09 0.10 0.10 0.11
Fixed Asset Turnover		 6.94 9.89 13.99 10.54 3.30 3.37 12.71 4.13 4.94 19.30 5.89
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 835 1,523 1,925 1,262 1,706 946 965 681 697 1,250 900
Invested Capital Turnover		 0.23 0.15 0.15 0.20 0.33 0.38 0.58 0.73 1.02 0.78 0.79
Increase / (Decrease) in Invested Capital		 632 688 402 -662 443 -760 19 -284 16 552 -333
Enterprise Value (EV)		 810 908 928 1,463 1,945 329 1,436 598 875 1,900 1,607
Market Capitalization		 275 494 706 1,045 1,206 655 1,656 950 1,204 1,649 1,685
Book Value per Share		 $39.05 $39.30 $46.47 $56.95 $22.17 $24.37 $27.28 $22.21 $24.85 $33.63 $37.68
Tangible Book Value per Share		 $28.90 $31.57 $30.33 $28.31 $12.61 $14.22 $16.54 $10.67 $12.26 $20.57 $24.05
Total Capital		 835 1,523 1,925 1,262 1,706 946 965 681 697 1,250 900
Total Debt		 563 1,188 1,490 515 862 98 93 36 47 410 42
Total Long-Term Debt		 19 92 86 89 216 98 93 36 34 33 33
Net Debt		 536 414 222 415 735 -329 -221 -352 -329 252 -78
Capital Expenditures (CapEx)		 2.93 6.92 6.74 10 158 48 47 439 435 276 186
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 563 1,188 1,490 515 862 98 93 36 47 410 42
Total Depreciation and Amortization (D&A)		 29 36 45 38 55 61 59 62 65 58 60
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.89 $1.32 $1.62 $1.68 $2.49 $2.94 $4.38 $5.26 $6.01 $6.63 $7.91
Adjusted Weighted Average Basic Shares Outstanding		 24.66M 27.56M 29.00M 39.41M 37.58M 33.45M 30.55M 28.47M 25.99M 24.12M 22.34M
Adjusted Diluted Earnings per Share		 $0.89 $1.31 $1.61 $1.67 $2.49 $2.94 $4.38 $5.26 $5.99 $6.62 $7.87
Adjusted Weighted Average Diluted Shares Outstanding		 24.66M 27.56M 29.00M 39.41M 37.58M 33.45M 30.55M 28.47M 25.99M 24.12M 22.34M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 24.66M 27.56M 29.00M 39.41M 37.58M 33.45M 30.55M 28.47M 25.99M 24.12M 22.34M
Normalized Net Operating Profit after Tax (NOPAT)		 19 33 45 52 75 111 148 160 169 172 192
Normalized NOPAT Margin		 16.45% 18.66% 16.92% 16.60% 15.47% 22.30% 26.98% 26.60% 23.96% 22.82% 22.83%
Pre Tax Income Margin		 16.55% 21.80% 20.78% 18.22% 20.12% 23.05% 28.45% 31.16% 25.85% 26.34% 26.56%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 8.14 9.49 3.71 2.05 1.59 3.40 22.80 38.45 16.75 9.36 19.23
NOPAT to Interest Expense		 7.56 8.12 3.02 1.87 1.65 3.23 21.24 32.71 15.25 7.99 16.11
EBIT Less CapEx to Interest Expense		 6.91 7.80 3.25 1.68 -0.98 1.97 15.93 -51.62 -23.25 -3.65 3.22
NOPAT Less CapEx to Interest Expense		 6.34 6.43 2.57 1.50 -0.93 1.80 14.37 -57.36 -24.75 -5.02 0.09
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 19.35% 13.21% 10.77% 11.48% 11.45% 11.13% 7.16% 3.72% 3.27% 2.99% 2.51%
Augmented Payout Ratio		 19.35% 13.21% 10.77% 11.48% 11.45% 11.13% 7.16% 3.72% 3.27% 2.99% 2.51%

Quarterly Metrics And Ratios for Pathward Financial

This table displays calculated financial ratios and metrics derived from Pathward Financial's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 21,763,685.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 21,763,685.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 3.36
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 30.65% 8.65% 8.23% 6.98% 4.32% 6.58% 6.69% 3.78% 4.00% - 0.55%
EBITDA Growth		 32.08% -2.51% 13.23% -3.78% 4.00% 9.35% 4.82% -5.05% 21.87% - -6.39%
EBIT Growth		 47.76% -3.90% 25.13% -3.43% 10.33% 12.75% 4.90% -7.87% 29.01% - -4.52%
NOPAT Growth		 51.05% -1.79% 18.33% -7.80% -6.15% 13.30% 7.16% -6.04% 14.54% - -2.84%
Net Income Growth		 51.05% -1.79% 18.33% -7.80% -6.15% 13.30% 7.16% -6.04% 14.54% - -2.84%
EPS Growth		 59.52% 8.16% 28.64% -1.19% 0.00% 21.70% 14.60% 1.69% 26.12% - 6.69%
Operating Cash Flow Growth		 728.57% -47.03% 36.41% 2,039.40% 17.96% -441.36% -7.22% -73.17% 112.18% - 23.69%
Free Cash Flow Firm Growth		 -93.47% -116.17% -92.18% 219.67% -2,680.73% 62.60% 84.46% -166.69% 169.71% - -67.29%
Invested Capital Growth		 2.40% 9.91% 7.07% -15.22% 79.21% 6.15% 5.43% 21.04% -26.99% - 7.40%
Revenue Q/Q Growth		 -2.55% 1.13% 51.87% -28.52% -4.98% 3.32% 50.47% -28.77% -4.62% - 59.62%
EBITDA Q/Q Growth		 -23.10% -1.76% 97.70% -35.58% -16.88% 3.28% 108.99% -41.70% 0.68% - 78.30%
EBIT Q/Q Growth		 -30.93% -0.32% 140.13% -41.59% -21.08% 1.87% 152.58% -48.39% 2.57% - 104.49%
NOPAT Q/Q Growth		 -20.15% -23.34% 134.71% -35.82% -18.73% -7.45% 149.27% -43.67% -7.77% - 106.01%
Net Income Q/Q Growth		 -20.15% -23.34% 134.71% -35.82% -18.73% -7.45% 149.27% -43.67% -7.77% - 106.01%
EPS Q/Q Growth		 -20.24% -20.90% 141.51% -35.16% -19.28% -3.73% 155.28% -42.36% -6.63% - 113.38%
Operating Cash Flow Q/Q Growth		 2,274.73% -80.39% 759.72% -46.56% 30.93% -156.74% 362.53% -83.88% 900.14% - 115.09%
Free Cash Flow Firm Q/Q Growth		 112.96% -303.52% 130.51% 1,386.64% -379.60% 97.05% 1,383.88% -497.89% 395.84% - 116.99%
Invested Capital Q/Q Growth		 -25.95% 9.38% 5.37% -0.65% 56.52% -35.21% 7.15% 14.06% -6.90% - 2.59%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 30.56% 29.68% 38.64% 34.82% 30.46% 30.45% 38.85% 31.80% 33.57% - 36.17%
EBIT Margin		 20.96% 20.66% 32.67% 26.69% 22.17% 21.85% 33.25% 24.09% 25.91% - 31.57%
Profit (Net Income) Margin		 22.62% 17.15% 26.50% 23.79% 20.35% 18.23% 27.36% 21.64% 20.92% - 26.44%
Tax Burden Percent		 107.92% 83.00% 81.12% 89.14% 91.80% 83.40% 82.31% 89.83% 80.77% - 83.75%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 -7.92% 17.00% 18.88% 10.86% 8.20% 16.60% 17.69% 10.17% 19.23% - 16.25%
Return on Invested Capital (ROIC)		 23.12% 16.89% 25.10% 20.44% 15.77% 17.74% 27.36% 20.42% 16.48% - 25.03%
ROIC Less NNEP Spread (ROIC-NNEP)		 23.12% 16.89% 25.10% 20.44% 15.77% 17.74% 27.36% 20.42% 16.48% - 25.03%
Return on Net Nonoperating Assets (RNNOA)		 1.48% 0.83% 2.52% 4.21% 4.84% 0.79% 1.72% 2.34% 4.44% - 1.40%
Return on Equity (ROE)		 24.59% 17.72% 27.62% 24.66% 20.61% 18.53% 29.08% 22.76% 20.93% - 26.43%
Cash Return on Invested Capital (CROIC)		 21.68% 13.25% 15.75% 36.22% -39.31% 16.08% 17.07% 1.57% 48.72% - 14.48%
Operating Return on Assets (OROA)		 2.07% 2.03% 3.36% 2.66% 2.22% 2.15% 3.80% 2.72% 2.96% - 3.72%
Return on Assets (ROA)		 2.23% 1.69% 2.73% 2.37% 2.04% 1.79% 3.13% 2.44% 2.39% - 3.12%
Return on Common Equity (ROCE)		 24.61% 17.73% 27.64% 24.68% 20.63% 18.55% 29.10% 22.78% 20.94% - 26.45%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 22.65% 23.71% 22.45% 0.00% 22.31% 22.65% 22.20% 0.00% - 22.31%
Net Operating Profit after Tax (NOPAT)		 36 28 66 42 34 32 75 42 39 - 73
NOPAT Margin		 22.62% 17.15% 26.50% 23.79% 20.35% 18.23% 27.36% 21.64% 20.92% - 26.44%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 34.55% 34.09% 25.63% 32.55% 36.73% 34.00% 22.64% 30.24% 33.31% - 24.47%
Operating Expenses to Revenue		 73.42% 73.27% 56.80% 69.98% 77.33% 71.21% 53.92% 71.17% 77.54% - 51.92%
Earnings before Interest and Taxes (EBIT)		 34 34 81 47 37 38 91 47 48 - 87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 49 48 96 62 51 53 107 62 63 - 100
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.85 1.90 1.74 1.87 1.96 2.28 2.13 2.30 1.96 - 2.28
Price to Tangible Book Value (P/TBV)		 3.75 3.45 3.12 3.26 3.21 3.82 3.46 3.71 3.08 - 3.58
Price to Revenue (P/Rev)		 1.71 1.93 1.75 1.91 2.18 2.32 2.10 2.26 2.01 - 2.33
Price to Earnings (P/E)		 7.36 8.47 7.39 8.38 9.79 10.31 9.48 10.44 9.07 - 10.27
Dividend Yield		 0.44% 0.38% 0.40% 0.35% 0.30% 0.27% 0.27% 0.25% 0.27% - 0.22%
Earnings Yield		 13.58% 11.81% 13.53% 11.94% 10.21% 9.70% 10.55% 9.58% 11.03% - 9.73%
Enterprise Value to Invested Capital (EV/IC)		 1.25 0.98 1.25 1.46 1.52 1.49 1.79 1.84 1.79 - 2.03
Enterprise Value to Revenue (EV/Rev)		 1.24 1.04 1.36 1.56 2.52 1.58 1.84 2.13 1.91 - 2.22
Enterprise Value to EBITDA (EV/EBITDA)		 3.54 3.03 3.90 4.57 7.41 4.63 5.52 6.54 5.68 - 6.56
Enterprise Value to EBIT (EV/EBIT)		 4.80 4.12 5.08 5.96 9.56 5.96 7.01 8.36 7.20 - 8.18
Enterprise Value to NOPAT (EV/NOPAT)		 5.28 4.51 5.71 6.77 11.20 6.98 8.21 9.76 8.60 - 9.70
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.89 2.63 2.99 2.69 4.19 3.41 4.06 6.12 3.57 - 2.73
Enterprise Value to Free Cash Flow (EV/FCFF)		 5.85 7.72 8.18 3.69 0.00 9.57 10.76 128.36 3.09 - 14.49
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.07 0.05 0.09 0.04 0.49 0.04 0.04 0.18 0.05 - 0.07
Long-Term Debt to Equity		 0.05 0.05 0.05 0.04 0.04 0.04 0.04 0.04 0.04 - 0.04
Financial Leverage		 0.06 0.05 0.10 0.21 0.31 0.04 0.06 0.11 0.27 - 0.06
Leverage Ratio		 11.02 10.51 10.13 10.39 10.12 10.33 9.29 9.32 8.75 - 8.47
Compound Leverage Factor		 11.02 10.51 10.13 10.39 10.12 10.33 9.29 9.32 8.75 - 8.47
Debt to Total Capital		 6.72% 4.41% 8.01% 4.17% 32.83% 4.12% 3.94% 15.36% 4.72% - 6.54%
Short-Term Debt to Total Capital		 1.86% 0.00% 3.86% 0.00% 30.16% 0.00% 0.00% 11.90% 1.00% - 2.86%
Long-Term Debt to Total Capital		 4.86% 4.41% 4.15% 4.17% 2.67% 4.12% 3.94% 3.46% 3.72% - 3.68%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 -0.14% -0.07% -0.05% -0.06% -0.02% -0.09% -0.08% -0.09% -0.07% - -0.09%
Common Equity to Total Capital		 93.42% 95.66% 92.04% 95.89% 67.19% 95.97% 96.14% 84.73% 95.35% - 93.55%
Debt to EBITDA		 0.19 0.14 0.25 0.13 1.60 0.13 0.12 0.55 0.15 - 0.21
Net Debt to EBITDA		 -1.33 -2.60 -1.10 -1.04 0.98 -2.16 -0.80 -0.40 -0.28 - -0.35
Long-Term Debt to EBITDA		 0.14 0.14 0.13 0.13 0.13 0.13 0.12 0.12 0.12 - 0.12
Debt to NOPAT		 0.28 0.20 0.37 0.19 2.42 0.19 0.18 0.82 0.23 - 0.31
Net Debt to NOPAT		 -1.98 -3.86 -1.62 -1.55 1.49 -3.25 -1.20 -0.60 -0.42 - -0.52
Long-Term Debt to NOPAT		 0.20 0.20 0.19 0.19 0.20 0.19 0.18 0.18 0.18 - 0.18
Noncontrolling Interest Sharing Ratio		 -0.08% -0.05% -0.07% -0.08% -0.09% -0.08% -0.07% -0.09% -0.05% - -0.09%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 20 -41 12 185 -518 -15 32 -126 372 - 10
Operating Cash Flow to CapEx		 173.52% 21.43% 289.26% 213.51% 239.25% -155.82% 539.08% 187.73% 355.42% - 595.20%
Free Cash Flow to Firm to Interest Expense		 4.27 -6.97 1.47 60.13 -135.39 -4.92 5.52 -98.23 249.80 - 1.80
Operating Cash Flow to Interest Expense		 24.31 3.83 22.81 33.45 35.27 -24.67 32.90 23.74 204.08 - 40.50
Operating Cash Flow Less CapEx to Interest Expense		 10.30 -14.04 14.92 17.78 20.53 -40.50 26.79 11.09 146.66 - 33.69
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.10 0.10 0.10 0.10 0.10 0.10 0.11 0.11 0.11 - 0.12
Fixed Asset Turnover		 4.94 18.09 19.12 5.25 19.30 20.00 21.50 5.82 5.89 - 20.34
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 697 763 804 799 1,250 810 847 967 900 - 910
Invested Capital Turnover		 1.02 0.98 0.95 0.86 0.78 0.97 1.00 0.94 0.79 - 0.95
Increase / (Decrease) in Invested Capital		 16 69 53 -143 552 47 44 168 -333 - 63
Enterprise Value (EV)		 875 745 1,002 1,163 1,900 1,210 1,516 1,775 1,607 - 1,843
Market Capitalization		 1,204 1,384 1,286 1,430 1,649 1,775 1,737 1,885 1,685 - 1,942
Book Value per Share		 $24.85 $28.63 $29.03 $30.30 $33.63 $32.22 $34.17 $34.35 $37.68 - $39.12
Tangible Book Value per Share		 $12.26 $15.71 $16.16 $17.36 $20.57 $19.24 $21.08 $21.30 $24.05 - $24.94
Total Capital		 697 763 804 799 1,250 810 847 967 900 - 910
Total Debt		 47 34 64 33 410 33 33 148 42 - 60
Total Long-Term Debt		 34 34 33 33 33 33 33 33 33 - 34
Net Debt		 -329 -638 -284 -266 252 -564 -221 -110 -78 - -98
Capital Expenditures (CapEx)		 66 105 67 48 56 49 35 16 85 - 39
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 47 34 64 33 410 33 33 148 42 - 60
Total Depreciation and Amortization (D&A)		 15 15 15 14 14 15 15 15 14 - 13
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.35 $1.06 $2.56 $1.66 $1.35 $1.29 $3.16 $1.83 $1.69 $1.57 $3.37
Adjusted Weighted Average Basic Shares Outstanding		 25.99M 25.49M 25.27M 24.98M 24.12M 23.85M 0.00 22.77M 22.34M 21.76M 21.11M
Adjusted Diluted Earnings per Share		 $1.34 $1.06 $2.56 $1.66 $1.34 $1.29 $3.14 $1.81 $1.69 $1.57 $3.35
Adjusted Weighted Average Diluted Shares Outstanding		 25.99M 25.49M 25.27M 24.98M 24.12M 23.85M 0.00 22.77M 22.34M 21.76M 21.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 25.99M 25.49M 25.27M 24.98M 24.12M 23.85M 0.00 22.77M 22.34M 21.76M 21.11M
Normalized Net Operating Profit after Tax (NOPAT)		 24 28 67 43 34 32 76 43 39 - 73
Normalized NOPAT Margin		 14.67% 17.15% 27.16% 24.30% 20.35% 18.23% 27.82% 22.13% 20.92% - 26.44%
Pre Tax Income Margin		 20.96% 20.66% 32.67% 26.69% 22.17% 21.85% 33.25% 24.09% 25.91% - 31.57%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.17 5.74 9.55 15.30 9.72 12.21 15.96 36.87 32.50 - 15.17
NOPAT to Interest Expense		 7.73 4.76 7.74 13.64 8.93 10.18 13.13 33.12 26.25 - 12.70
EBIT Less CapEx to Interest Expense		 -6.84 -12.13 1.66 -0.37 -5.02 -3.62 9.86 24.22 -24.91 - 8.36
NOPAT Less CapEx to Interest Expense		 -6.28 -13.11 -0.14 -2.03 -5.82 -5.65 7.03 20.47 -31.16 - 5.90
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 3.27% 3.22% 4.77% 4.83% 2.99% 2.87% 2.65% 2.63% 2.51% - 2.37%
Augmented Payout Ratio		 3.27% 3.22% 4.77% 4.83% 2.99% 2.87% 2.65% 2.63% 2.51% - 2.37%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven look at Pathward Financial (CASH) using quarterly statements from the last four years. The focus is on notable trend changes in cash flow, income, and balance-sheet metrics that may matter to retail investors.

  • Strong net interest income across quarters: Net Interest Income generally sits in the ~$119–$136 million range across 2024–2025, signaling a stable interest-earning base and active asset mix (example: Q1 2026 Net Interest Income = $119.34M; Q2 2025 = $136.28M; Q4 2024 = $129.44M).
  • Deposit funding remains robust and improving: Large positive changes in deposits in late 2024–2025 (for example, Q4 2025 Net Change in Deposits = +$463.4M; Q3 2025 = +$186.0M), implying stronger liquidity and funding stability.
  • Operating cash flow has been solid in recent periods: Net cash from continuing operating activities was strong in late 2024 and into 2025 (example: Q4 2025 = $303.66M; Q1 2026 = $108.30M), supporting liquidity despite other cash flow uses.
  • Healthy capital baseline and rising equity: Total common equity around mid-$800s millions (e.g., Q1 2026 Total Common Equity ≈ $854.5M) with a corresponding total equity cushion, which supports ongoing growth and potential capacity for capital actions.
  • Earnings and restatements create some volatility: Several quarters show restated or calculated figures (e.g., Q4 2024 and Q1 2025 restatements) that can create short-term confusion around earnings trajectories.
  • Investing cash flow is consistently negative: Across multiple quarters, net cash from investing activities runs negative due to ongoing asset purchases and investments, contributing to negative free cash flow in several periods.
  • Loans mix modest in recent balance sheets: Loans and Leases Net often shows 0 or very low balances in several quarters, suggesting shifts in the loan mix or balance-sheet emphasis away from traditional lending in some periods.
  • Investing cash outflows frequently outweigh operating inflows: Notable periods where cash used for investing is large (for example, Q3–Q4 2025 and several 2024–2025 quarters), which pressures near-term liquidity if operating cash flow does not fully offset investing needs.
  • Quarterly earnings can be volatile: Net income trends show sizable swings between quarters (e.g., Q2 2025 recall of higher earnings vs. Q3/Q4 2025 and Q1 2026 prints around mid-$30s to $40s millions), a point for investors seeking consistent profitability.
  • Concentration in non-core assets and evolving asset mix: Large positions in other assets and trading securities (Trading Account Securities and Other Assets can be substantial) raise questions about balance-sheet risk and sensitivity to market moves.

If you’d like, I can drill into specific metrics (for example, a quarterly comparison of Net Income Attributable to Common Shareholders vs. Cash Flow from Operations, or a deeper look at the debt/deposits dynamics and liquidity coverage) to tailor the takeaway to your investing priorities.

05/08/26 04:07 PM ETAI Generated. May Contain Errors.

Pathward Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Pathward Financial's fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

Pathward Financial's net income appears to be on an upward trend, with a most recent value of $186.79 million in 2025, rising from $18.06 million in 2015. The previous period was $184.51 million in 2024. See where experts think Pathward Financial is headed by visiting Pathward Financial's forecast page.

Over the last 10 years, Pathward Financial's total revenue changed from $117.39 million in 2015 to $839.89 million in 2025, a change of 615.4%.

Pathward Financial's total liabilities were at $6.31 billion at the end of 2025, a 5.9% decrease from 2024, and a 179.6% increase since 2015.

In the past 10 years, Pathward Financial's cash and equivalents has ranged from $27.66 million in 2015 to $1.27 billion in 2017, and is currently $120.57 million as of their latest financial filing in 2025.

Over the last 10 years, Pathward Financial's book value per share changed from 39.05 in 2015 to 37.68 in 2025, a change of -3.5%.


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Financial statements for NASDAQ:CASH last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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