Pathward Financial (CASH) Financials

$79.10 -1.96 (-2.42%)

Closing price 04:00 PM Eastern

Extended Trading

$82.88 +3.78 (+4.77%)

As of 04:20 PM Eastern

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

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	35	70	45	34	30	75	42	39	35	73	29
Consolidated Net Income / (Loss)	35	70	45	34	30	75	42	39	35	73	29
Net Income / (Loss) Continuing Operations	35	70	45	34	30	75	42	39	35	73	29
Total Pre-Tax Income	43	87	51	37	36	91	47	48	43	87	32
Total Revenue	172	258	189	168	183	275	196	187	173	276	190
Net Interest Income / (Expense)	119	129	123	116	125	136	122	128	119	125	113
Total Interest Income	125	137	126	120	128	142	124	129	121	131	114
Loans and Leases Interest Income	104	113	108	102	112	120	109	115	108	115	101
Investment Securities Interest Income	10	10.00	9.75	9.61	8.99	8.58	8.34	8.15	7.81	7.59	7.40
Other Interest Income	11	14	8.32	7.85	7.52	14	6.49	5.84	5.64	8.46	5.35
Total Interest Expense	5.86	8.46	3.08	3.83	3.11	5.73	1.28	1.49	1.88	5.75	1.12
Deposits Interest Expense	3.53	6.69	1.69	1.12	0.78	4.09	0.29	0.28	0.21	4.27	0.14
Long-Term Debt Interest Expense	2.34	1.78	1.39	2.71	2.33	1.64	0.99	1.21	1.68	1.48	0.98
Total Non-Interest Income	53	129	66	52	57	139	73	59	54	151	77
Other Service Charges	5.18	127	61	-170	51	5.87	66	48	49	147	63
Net Realized & Unrealized Capital Gains on Investments	2.87	0.29	2.95	3.46	1.72	-7.96	0.39	-3.42	0.49	0.88	-0.05
Other Non-Interest Income	45	1.40	1.72	-	4.38	141	7.14	-	4.16	3.57	14
Provision for Credit Losses	7.76	30	12	0.84	19	35	9.28	-6.43	3.23	46	28
Total Non-Interest Expense	121	141	126	130	128	148	139	145	127	143	129
Salaries and Employee Benefits	47	54	48	52	49	52	49	51	52	55	52
Net Occupancy & Equipment Expense	8.85	9.29	9.07	9.38	9.71	10	11	11	13	12	13
Property & Liability Insurance Claims	4.89	6.14	5.41	8.41	5.23	5.88	11	14	5.55	5.33	6.12
Other Operating Expenses	49	58	50	49	51	66	56	53	47	60	49
Depreciation Expense	10	10	10	10	11	12	12	11	10.00	9.08	7.55
Amortization Expense	0.98	1.24	0.98	0.92	0.81	1.08	0.80	0.76	0.72	0.97	0.72
Impairment Charge	-	2.01	1.00	-	-	1.51	1.08	-	-	0.00	0.18
Income Tax Expense	7.70	17	6.10	3.05	6.01	16	4.80	9.30	7.19	14	3.06
Net Income / (Loss) Attributable to Noncontrolling Interest	0.26	0.25	0.21	0.58	0.20	0.24	0.21	0.27	0.30	0.15	0.18
Basic Earnings per Share	$1.34	$2.74	$1.78	$1.35	$1.23	$3.16	$1.83	$1.69	$1.57	$3.37	$1.37
Weighted Average Basic Shares Outstanding	25.49M	25.27M	24.98M	24.12M	23.85M	-	22.77M	22.34M	21.76M	21.11M	20.77M
Diluted Earnings per Share	$1.34	$2.74	$1.78	$1.34	$1.23	$3.14	$1.81	$1.69	$1.57	$3.35	$1.37
Weighted Average Diluted Shares Outstanding	25.49M	25.27M	24.98M	24.12M	23.85M	-	22.77M	22.34M	21.76M	21.11M	20.77M
Weighted Average Basic & Diluted Shares Outstanding	25.49M	25.27M	24.98M	24.12M	23.85M	-	22.77M	22.34M	21.76M	21.11M	20.77M

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

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	296	-324	-49	-141	439	-343	4.09	-138	211	-174	-8.19
Net Cash From Operating Activities	30	193	103	135	-72	188	30	304	108	233	52
Net Cash From Continuing Operating Activities	30	193	103	135	-72	188	30	304	108	233	52
Net Income / (Loss) Continuing Operations	35	66	42	34	30	75	42	39	35	73	29
Consolidated Net Income / (Loss)	35	66	42	34	30	75	42	39	35	73	29
Provision For Loan Losses	7.76	26	5.88	0.84	19	35	9.28	-6.43	3.23	46	28
Depreciation Expense	15	15	14	14	15	15	15	14	13	13	11
Non-Cash Adjustments to Reconcile Net Income	6.65	50	3.31	-44	25	4.44	46	175	133	47	-1.78
Changes in Operating Assets and Liabilities, net	-35	37	38	130	-160	58	-83	82	-76	54	-15
Net Cash From Investing Activities	-51	63	-167	-80	293	215	-282	-200	-300	141	-270
Net Cash From Continuing Investing Activities	-51	63	-167	-80	293	215	-282	-200	-300	141	-270
Purchase of Property, Leasehold Improvements and Equipment	-108	-69	-51	-49	-55	-38	-29	-93	-50	-43	-32
Purchase of Investment Securities	-181	-166	-160	-202	-231	-77	-98	-114	-123	-66	-131
Sale of Property, Leasehold Improvements and Equipment	-0.08	1.85	2.57	-7.71	5.71	2.97	12	7.23	2.41	4.21	-6.62
Sale and/or Maturity of Investments	146	138	150	189	304	290	117	145	154	89	121
Other Investing Activities, net	92	157	-109	-9.59	-331	28	-285	-145	-284	156	-222
Net Cash From Financing Activities	317	-579	15	-196	220	-747	254	-241	402	-547	212
Net Cash From Continuing Financing Activities	317	-579	15	-196	220	-747	254	-241	402	-547	212
Net Change in Deposits	347	-568	63	-556	656	-700	186	-118	463	-499	99
Repayment of Debt	-13	31	-31	377	-377	-	115	-106	-9.00	26	142
Payment of Dividends	-1.30	-1.27	-1.26	-1.24	-1.20	-1.19	-1.15	-1.14	-1.11	-1.09	-1.06
Other Financing Activities, Net	-16	-41	-15	-16	-58	-46	-46	-15	-51	-73	-27
Effect of Exchange Rate Changes	0.62	-0.58	-0.30	0.34	-2.02	-0.02	2.07	-1.24	0.79	-1.15	-1.67
Cash Interest Paid	4.17	8.44	3.38	4.92	2.91	6.31	0.72	2.04	1.35	6.29	0.59
Cash Income Taxes Paid	0.64	9.05	4.30	5.64	1.41	8.32	4.62	4.04	0.93	14	7.42

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

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	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026
Total Assets	6,868	7,459	7,927	7,437	7,530	7,603	6,995	7,230	7,560	7,112	7,314
Cash and Due from Banks	433	515	672	348	299	597	254	258	331	158	149
Trading Account Securities	1,864	1,952	1,886	1,814	1,759	1,512	1,443	1,398	1,339	1,299	1,247
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	25	87	70	26	29	73	46	50	88	53	97
Premises and Equipment, Net	40	39	38	37	246	245	40	40	42	42	43
Intangible Assets	333	331	329	328	327	313	312	311	310	309	308
Other Assets	4,174	4,534	4,933	4,884	4,869	4,863	4,900	5,173	5,450	5,251	5,470
Total Liabilities & Shareholders' Equity	6,868	7,459	7,927	7,437	7,530	7,603	6,995	7,230	7,560	7,112	7,314
Total Liabilities	6,195	6,781	7,198	6,698	6,765	6,846	6,181	6,412	6,706	6,262	6,463
Non-Interest Bearing Deposits	5,903	6,307	6,936	6,368	6,432	6,519	5,819	6,005	6,350	5,852	5,950
Short-Term Debt	43	230	0.00	31	0.00	0.00	0.00	115	0.00	26	168
Long-Term Debt	35	34	34	33	33	33	33	33	33	34	34
Other Long-Term Liabilities	215	210	228	265	300	294	328	258	323	351	312
Total Equity & Noncontrolling Interests	673	678	729	739	765	758	814	818	854	851	851
Total Preferred & Common Equity	674	678	730	740	766	758	815	819	855	851	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	674	678	730	740	766	758	815	819	855	851	851
Common Stock	624	626	630	635	637	641	644	646	651	655	658
Retained Earnings	245	267	293	318	343	313	342	337	347	341	339
Treasury Stock	-6.94	-6.94	-5.24	-6.18	-6.18	-4.88	-4.88	-4.88	-8.42	-3.54	-3.54
Accumulated Other Comprehensive Income / (Loss)	-188	-208	-188	-207	-208	-191	-166	-160	-135	-141	-143
Noncontrolling Interest	-0.55	-0.63	-0.51	-0.42	-0.51	-0.76	-0.66	-0.86	-0.82	-0.79	0.25

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%

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	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	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	21,763,685.00	21,110,034.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	21,763,685.00	21,110,034.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	3.36	1.38
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.65%	8.23%	6.98%	4.32%	6.58%	6.69%	3.78%	4.00%	-	0.55%	-3.12%
EBITDA Growth	-2.51%	13.23%	-3.78%	4.00%	9.35%	4.82%	-5.05%	21.87%	-	-6.39%	-30.90%
EBIT Growth	-3.90%	25.13%	-3.43%	10.33%	12.75%	4.90%	-7.87%	29.01%	-	-4.52%	-31.68%
NOPAT Growth	-1.79%	18.33%	-7.80%	-6.15%	13.30%	7.16%	-6.04%	14.54%	-	-2.84%	-31.18%
Net Income Growth	-1.79%	18.33%	-7.80%	-6.15%	13.30%	7.16%	-6.04%	14.54%	-	-2.84%	-31.18%
EPS Growth	8.16%	28.64%	-1.19%	0.00%	21.70%	14.60%	1.69%	26.12%	-	6.69%	-24.31%
Operating Cash Flow Growth	-47.03%	36.41%	2,039.40%	17.96%	-441.36%	-7.22%	-73.17%	112.18%	-	23.69%	71.11%
Free Cash Flow Firm Growth	-116.17%	-92.18%	219.67%	-2,680.73%	62.60%	84.46%	-166.69%	169.71%	-	-67.29%	55.07%
Invested Capital Growth	9.91%	7.07%	-15.22%	79.21%	6.15%	5.43%	21.04%	-26.99%	-	7.40%	8.86%
Revenue Q/Q Growth	1.13%	51.87%	-28.52%	-4.98%	3.32%	50.47%	-28.77%	-4.62%	-	59.62%	-31.36%
EBITDA Q/Q Growth	-1.76%	97.70%	-35.58%	-16.88%	3.28%	108.99%	-41.70%	0.68%	-	78.30%	-56.96%
EBIT Q/Q Growth	-0.32%	140.13%	-41.59%	-21.08%	1.87%	152.58%	-48.39%	2.57%	-	104.49%	-63.07%
NOPAT Q/Q Growth	-23.34%	134.71%	-35.82%	-18.73%	-7.45%	149.27%	-43.67%	-7.77%	-	106.01%	-60.10%
Net Income Q/Q Growth	-23.34%	134.71%	-35.82%	-18.73%	-7.45%	149.27%	-43.67%	-7.77%	-	106.01%	-60.10%
EPS Q/Q Growth	-20.90%	141.51%	-35.16%	-19.28%	-3.73%	155.28%	-42.36%	-6.63%	-	113.38%	-59.10%
Operating Cash Flow Q/Q Growth	-80.39%	759.72%	-46.56%	30.93%	-156.74%	362.53%	-83.88%	900.14%	-	115.09%	-77.70%
Free Cash Flow Firm Q/Q Growth	-303.52%	130.51%	1,386.64%	-379.60%	97.05%	1,383.88%	-497.89%	395.84%	-	116.99%	-646.55%
Invested Capital Q/Q Growth	9.38%	5.37%	-0.65%	56.52%	-35.21%	7.15%	14.06%	-6.90%	-	2.59%	15.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	29.68%	38.64%	34.82%	30.46%	30.45%	38.85%	31.80%	33.57%	-	36.17%	22.68%
EBIT Margin	20.66%	32.67%	26.69%	22.17%	21.85%	33.25%	24.09%	25.91%	-	31.57%	16.99%
Profit (Net Income) Margin	17.15%	26.50%	23.79%	20.35%	18.23%	27.36%	21.64%	20.92%	-	26.44%	15.37%
Tax Burden Percent	83.00%	81.12%	89.14%	91.80%	83.40%	82.31%	89.83%	80.77%	-	83.75%	90.49%
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	17.00%	18.88%	10.86%	8.20%	16.60%	17.69%	10.17%	19.23%	-	16.25%	9.51%
Return on Invested Capital (ROIC)	16.89%	25.10%	20.44%	15.77%	17.74%	27.36%	20.42%	16.48%	-	25.03%	12.58%
ROIC Less NNEP Spread (ROIC-NNEP)	16.89%	25.10%	20.44%	15.77%	17.74%	27.36%	20.42%	16.48%	-	25.03%	12.58%
Return on Net Nonoperating Assets (RNNOA)	0.83%	2.52%	4.21%	4.84%	0.79%	1.72%	2.34%	4.44%	-	1.40%	2.63%
Return on Equity (ROE)	17.72%	27.62%	24.66%	20.61%	18.53%	29.08%	22.76%	20.93%	-	26.43%	15.21%
Cash Return on Invested Capital (CROIC)	13.25%	15.75%	36.22%	-39.31%	16.08%	17.07%	1.57%	48.72%	-	14.48%	9.03%
Operating Return on Assets (OROA)	2.03%	3.36%	2.66%	2.22%	2.15%	3.80%	2.72%	2.96%	-	3.72%	1.93%
Return on Assets (ROA)	1.69%	2.73%	2.37%	2.04%	1.79%	3.13%	2.44%	2.39%	-	3.12%	1.75%
Return on Common Equity (ROCE)	17.73%	27.64%	24.68%	20.63%	18.55%	29.10%	22.78%	20.94%	-	26.45%	15.21%
Return on Equity Simple (ROE_SIMPLE)	22.65%	23.71%	22.45%	0.00%	22.31%	22.65%	22.20%	0.00%	-	22.31%	20.77%
Net Operating Profit after Tax (NOPAT)	28	66	42	34	32	75	42	39	-	73	29
NOPAT Margin	17.15%	26.50%	23.79%	20.35%	18.23%	27.36%	21.64%	20.92%	-	26.44%	15.37%
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	34.09%	25.63%	32.55%	36.73%	34.00%	22.64%	30.24%	33.31%	-	24.47%	34.49%
Operating Expenses to Revenue	73.27%	56.80%	69.98%	77.33%	71.21%	53.92%	71.17%	77.54%	-	51.92%	68.09%
Earnings before Interest and Taxes (EBIT)	34	81	47	37	38	91	47	48	-	87	32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	48	96	62	51	53	107	62	63	-	100	43
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.90	1.74	1.87	1.96	2.28	2.13	2.30	1.96	-	2.28	2.16
Price to Tangible Book Value (P/TBV)	3.45	3.12	3.26	3.21	3.82	3.46	3.71	3.08	-	3.58	3.39
Price to Revenue (P/Rev)	1.93	1.75	1.91	2.18	2.32	2.10	2.26	2.01	-	2.33	2.23
Price to Earnings (P/E)	8.47	7.39	8.38	9.79	10.31	9.48	10.44	9.07	-	10.27	10.45
Dividend Yield	0.38%	0.40%	0.35%	0.30%	0.27%	0.27%	0.25%	0.27%	-	0.22%	0.23%
Earnings Yield	11.81%	13.53%	11.94%	10.21%	9.70%	10.55%	9.58%	11.03%	-	9.73%	9.57%
Enterprise Value to Invested Capital (EV/IC)	0.98	1.25	1.46	1.52	1.49	1.79	1.84	1.79	-	2.03	1.80
Enterprise Value to Revenue (EV/Rev)	1.04	1.36	1.56	2.52	1.58	1.84	2.13	1.91	-	2.22	2.29
Enterprise Value to EBITDA (EV/EBITDA)	3.03	3.90	4.57	7.41	4.63	5.52	6.54	5.68	-	6.56	7.22
Enterprise Value to EBIT (EV/EBIT)	4.12	5.08	5.96	9.56	5.96	7.01	8.36	7.20	-	8.18	8.98
Enterprise Value to NOPAT (EV/NOPAT)	4.51	5.71	6.77	11.20	6.98	8.21	9.76	8.60	-	9.70	10.69
Enterprise Value to Operating Cash Flow (EV/OCF)	2.63	2.99	2.69	4.19	3.41	4.06	6.12	3.57	-	2.73	2.71
Enterprise Value to Free Cash Flow (EV/FCFF)	7.72	8.18	3.69	0.00	9.57	10.76	128.36	3.09	-	14.49	20.73
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.05	0.09	0.04	0.49	0.04	0.04	0.18	0.05	-	0.07	0.24
Long-Term Debt to Equity	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	-	0.04	0.04
Financial Leverage	0.05	0.10	0.21	0.31	0.04	0.06	0.11	0.27	-	0.06	0.21
Leverage Ratio	10.51	10.13	10.39	10.12	10.33	9.29	9.32	8.75	-	8.47	8.71
Compound Leverage Factor	10.51	10.13	10.39	10.12	10.33	9.29	9.32	8.75	-	8.47	8.71
Debt to Total Capital	4.41%	8.01%	4.17%	32.83%	4.12%	3.94%	15.36%	4.72%	-	6.54%	19.11%
Short-Term Debt to Total Capital	0.00%	3.86%	0.00%	30.16%	0.00%	0.00%	11.90%	1.00%	-	2.86%	15.92%
Long-Term Debt to Total Capital	4.41%	4.15%	4.17%	2.67%	4.12%	3.94%	3.46%	3.72%	-	3.68%	3.19%
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	-0.07%	-0.05%	-0.06%	-0.02%	-0.09%	-0.08%	-0.09%	-0.07%	-	-0.09%	0.02%
Common Equity to Total Capital	95.66%	92.04%	95.89%	67.19%	95.97%	96.14%	84.73%	95.35%	-	93.55%	80.87%
Debt to EBITDA	0.14	0.25	0.13	1.60	0.13	0.12	0.55	0.15	-	0.21	0.77
Net Debt to EBITDA	-2.60	-1.10	-1.04	0.98	-2.16	-0.80	-0.40	-0.28	-	-0.35	0.20
Long-Term Debt to EBITDA	0.14	0.13	0.13	0.13	0.13	0.12	0.12	0.12	-	0.12	0.13
Debt to NOPAT	0.20	0.37	0.19	2.42	0.19	0.18	0.82	0.23	-	0.31	1.14
Net Debt to NOPAT	-3.86	-1.62	-1.55	1.49	-3.25	-1.20	-0.60	-0.42	-	-0.52	0.29
Long-Term Debt to NOPAT	0.20	0.19	0.19	0.20	0.19	0.18	0.18	0.18	-	0.18	0.19
Noncontrolling Interest Sharing Ratio	-0.05%	-0.07%	-0.08%	-0.09%	-0.08%	-0.07%	-0.09%	-0.05%	-	-0.09%	-0.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-41	12	185	-518	-15	32	-126	372	-	10	-56
Operating Cash Flow to CapEx	21.43%	289.26%	213.51%	239.25%	-155.82%	539.08%	187.73%	355.42%	-	595.20%	134.97%
Free Cash Flow to Firm to Interest Expense	-6.97	1.47	60.13	-135.39	-4.92	5.52	-98.23	249.80	-	1.80	-50.40
Operating Cash Flow to Interest Expense	3.83	22.81	33.45	35.27	-24.67	32.90	23.74	204.08	-	40.50	46.38
Operating Cash Flow Less CapEx to Interest Expense	-14.04	14.92	17.78	20.53	-40.50	26.79	11.09	146.66	-	33.69	12.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.10	0.10	0.10	0.10	0.10	0.11	0.11	0.11	-	0.12	0.11
Fixed Asset Turnover	18.09	19.12	5.25	19.30	20.00	21.50	5.82	5.89	-	20.34	19.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	763	804	799	1,250	810	847	967	900	-	910	1,052
Invested Capital Turnover	0.98	0.95	0.86	0.78	0.97	1.00	0.94	0.79	-	0.95	0.82
Increase / (Decrease) in Invested Capital	69	53	-143	552	47	44	168	-333	-	63	86
Enterprise Value (EV)	745	1,002	1,163	1,900	1,210	1,516	1,775	1,607	-	1,843	1,890
Market Capitalization	1,384	1,286	1,430	1,649	1,775	1,737	1,885	1,685	-	1,942	1,838
Book Value per Share	$28.63	$29.03	$30.30	$33.63	$32.22	$34.17	$34.35	$37.68	-	$39.12	$40.31
Tangible Book Value per Share	$15.71	$16.16	$17.36	$20.57	$19.24	$21.08	$21.30	$24.05	-	$24.94	$25.72
Total Capital	763	804	799	1,250	810	847	967	900	-	910	1,052
Total Debt	34	64	33	410	33	33	148	42	-	60	201
Total Long-Term Debt	34	33	33	33	33	33	33	33	-	34	34
Net Debt	-638	-284	-266	252	-564	-221	-110	-78	-	-98	52
Capital Expenditures (CapEx)	105	67	48	56	49	35	16	85	-	39	38
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)	34	64	33	410	33	33	148	42	-	60	201
Total Depreciation and Amortization (D&A)	15	15	14	14	15	15	15	14	-	13	11
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.06	$2.56	$1.66	$1.35	$1.29	$3.16	$1.83	$1.69	$1.57	$3.37	$1.37
Adjusted Weighted Average Basic Shares Outstanding	25.49M	25.27M	24.98M	24.12M	23.85M	0.00	22.77M	22.34M	21.76M	21.11M	20.77M
Adjusted Diluted Earnings per Share	$1.06	$2.56	$1.66	$1.34	$1.29	$3.14	$1.81	$1.69	$1.57	$3.35	$1.37
Adjusted Weighted Average Diluted Shares Outstanding	25.49M	25.27M	24.98M	24.12M	23.85M	0.00	22.77M	22.34M	21.76M	21.11M	20.77M
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	25.49M	25.27M	24.98M	24.12M	23.85M	0.00	22.77M	22.34M	21.76M	21.11M	20.77M
Normalized Net Operating Profit after Tax (NOPAT)	28	67	43	34	32	76	43	39	-	73	29
Normalized NOPAT Margin	17.15%	27.16%	24.30%	20.35%	18.23%	27.82%	22.13%	20.92%	-	26.44%	15.46%
Pre Tax Income Margin	20.66%	32.67%	26.69%	22.17%	21.85%	33.25%	24.09%	25.91%	-	31.57%	16.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.74	9.55	15.30	9.72	12.21	15.96	36.87	32.50	-	15.17	28.76
NOPAT to Interest Expense	4.76	7.74	13.64	8.93	10.18	13.13	33.12	26.25	-	12.70	26.03
EBIT Less CapEx to Interest Expense	-12.13	1.66	-0.37	-5.02	-3.62	9.86	24.22	-24.91	-	8.36	-5.61
NOPAT Less CapEx to Interest Expense	-13.11	-0.14	-2.03	-5.82	-5.65	7.03	20.47	-31.16	-	5.90	-8.34
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.22%	4.77%	4.83%	2.99%	2.87%	2.65%	2.63%	2.51%	-	2.37%	2.49%
Augmented Payout Ratio	3.22%	4.77%	4.83%	2.99%	2.87%	2.65%	2.63%	2.51%	-	2.37%	2.49%

Financials Breakdown Chart

Key Financial Trends

Pathward Financial’s latest quarter shows a business that remains profitable and well-capitalized, but with noticeably weaker earnings momentum. For the quarter ended June 30, 2026, revenue was $189.6 million, down from $276.3 million in the prior quarter and slightly below $195.8 million in the year-ago quarter. Net income attributable to common shareholders fell to $29.0 million, or $1.37 per diluted share, compared with $72.9 million, or $3.35 per share, in Q2 2026 and $42.1 million, or $1.81 per share, in Q3 2025.

Over the longer period represented in the data, Pathward’s core interest income has expanded substantially. Net interest income increased from $72.2 million in Q3 2022 to $112.9 million in Q3 2026. However, earnings have been more volatile because non-interest income has fluctuated sharply, while credit-loss provisions have risen from relatively low levels in 2022 and 2023.

Net interest income remains well above historical levels: Q3 2026 net interest income of $112.9 million was approximately 56% higher than the $72.2 million reported in Q3 2022, despite declining 9.8% sequentially and 7.7% year over year.
Interest expense is tightly controlled: Total interest expense fell to $1.1 million in Q3 2026 from $5.8 million in Q2 and remained below the $1.3 million recorded in Q3 2025. This supported a strong net interest margin contribution, although the data does not provide average earning assets or margin percentages.
Operating expenses declined sequentially: Non-interest expense decreased to $129.1 million from $143.5 million in Q2 2026 and was below the $139.3 million reported in Q3 2025. Lower salaries, other operating costs, depreciation and amortization helped offset weaker revenue.
Capital levels improved over the longer term: Total equity and noncontrolling interests reached $851.1 million at June 30, 2026, up from $818.1 million a year earlier and $724.8 million in Q3 2022. The company also has no preferred stock outstanding.
Deposit funding remains substantial: Non-interest-bearing deposits increased to $5.95 billion from $5.85 billion in Q2 2026, providing a large source of low-cost funding for Pathward’s operations.
Operating cash flow remained positive: Pathward generated $52.0 million of operating cash in Q3 2026. Although down sharply from $232.9 million in Q2, this was higher than the $30.4 million generated in the year-ago quarter and indicates that the company continued to convert earnings and working-capital activity into cash.
Asset growth has been mixed: Total assets increased to $7.31 billion from $7.11 billion in Q2 and $7.23 billion in Q3 2025. However, trading account securities declined to $1.25 billion from $1.40 billion a year earlier, while loans held for sale nearly doubled year over year to $97.3 million.
Cash balances are lower than a year ago: Cash and due from banks stood at $149.4 million at quarter-end, down from $258.3 million in Q3 2025. The decline was partly offset by access to deposit funding and investment securities, but cash liquidity should remain an important monitoring point for investors.
Non-interest income weakened sharply: Total non-interest income dropped to $76.7 million from $151.2 million in Q2 2026. Other service-charge income fell to $62.8 million from $146.7 million sequentially. This volatility was the primary reason total revenue and profitability declined.
Credit-loss provisions remain elevated: The provision for credit losses was $28.3 million in Q3 2026, more than three times the $9.3 million recorded in Q3 2025. Although provisions improved from $45.6 million in Q2, continued elevated provisioning could pressure future earnings if credit conditions deteriorate.

Cash flow also highlights the company’s investment and funding demands. Investing activities consumed $270.1 million in Q3 2026, driven in part by purchases of investment securities and property and equipment. Financing activities provided $211.6 million, including a $98.6 million increase in deposits, but cash still declined by $8.2 million during the quarter.

Overall, Pathward’s financial position remains supported by growing equity, a large deposit base and positive operating cash flow. The more immediate concern is earnings quality: Q3 profit was materially lower because service-charge income fell sharply and credit-loss provisions remained high. Investors should watch whether non-interest income normalizes and whether credit provisions continue to decline before concluding that the recent earnings weakness is temporary.

09/09/26 03:41 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 financial year ends in September. Their financial 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 Pathward Financial's forecast for analyst expectations on what's next for the company.

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%.

Related Companies

Financial statements for NASDAQ:CASH last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Pathward Financial (CASH) Financials

Financials Breakdown Chart

Key Financial Trends

Pathward Financial Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Pathward Financial (CASH) Financials

Annual Income Statements for Pathward Financial

Quarterly Income Statements for Pathward Financial

Annual Cash Flow Statements for Pathward Financial

Quarterly Cash Flow Statements for Pathward Financial

Annual Balance Sheets for Pathward Financial

Quarterly Balance Sheets for Pathward Financial

Annual Metrics And Ratios for Pathward Financial

Quarterly Metrics And Ratios for Pathward Financial

Financials Breakdown Chart

Key Financial Trends

Pathward Financial Financials - Frequently Asked Questions

When does Pathward Financial's fiscal year end?

How has Pathward Financial's net income changed over the last 10 years?

How has Pathward Financial's revenue changed over the last 10 years?

How much debt does Pathward Financial have?

How much cash does Pathward Financial have?

How has Pathward Financial's book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools