Pathward Financial (CASH) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on J ...

AUSTIN, Texas & SIOUX FALLS, S.D.--(BUSINESS WIRE)--Ouro and Pathward®, N.A., today announced a multi-year extension to their longstanding partnership. Pathward, a U.S.-based financial empowerment company driven by its purpose to power financial inclusion, continues to serve as an issuer for Netspend prepaid and debit products and other card brands in Ouro's portfolio under the agreement. Ouro is the global financial technology parent brand created when Rêv and Netspend joined together to reignite innovatio ...

Funding and Liquidity - The company relies on various funding sources, including deposits from its BaaS business line, borrowings, and maturing investment securities, to meet liquidity demands[23]. - Total liabilities increased to $6,884,918, up from $6,102,270, with deposits rising to $6,589,182 from $5,866,037[100]. - The company’s ability to pay dividends is limited by laws and regulations governing the Bank, which could adversely affect liquidity[82]. - The company reported total deposits of $6.59 billion as of September 30, 2023, an increase from $5.87 billion as of September 30, 2022[100]. Regulatory and Compliance Risks - The company has significant exposure to regulatory scrutiny, particularly regarding its BaaS solutions and third-party agreements, which could lead to fines or restructuring[30]. - The company is subject to heightened regulatory requirements if total assets exceed $10 billion, which could impact its business operations and financial condition[41]. - The company is subject to various privacy and data protection laws, which may increase operational costs and affect profitability[77]. - The company may face regulatory sanctions and financial penalties if it fails to comply with applicable laws regarding personal information[77]. - The company incurs significant costs and demands on management resources due to compliance with laws and regulations affecting public companies[117]. - The company is subject to regulatory supervision and investigation, which could result in substantial damages or negatively impact its business and reputation[121]. Financial Performance and Condition - The Federal Reserve has raised the federal funds rate to a targeted range of 5.25% to 5.5% in 2022 and 2023, impacting the company's interest rate spread and net interest income[26]. - The company’s financial condition is affected by general economic conditions, including inflation and interest rates, which could lead to increased loan delinquencies[44]. - Total interest-sensitive income as of September 30, 2023, was $6,650,735, an increase from $5,866,763 in 2022, reflecting a growth of approximately 13.4%[101]. - Net interest-sensitive income for September 30, 2023, was $396,291, showing a decrease of 11.4% from the base case scenario[101]. - The company's total assets increased from $2.53 billion in 2015 to $7.54 billion in 2023, primarily due to strategic transactions and organic growth[108]. - The company has experienced considerable growth in assets, necessitating higher levels of capital that may not be met through earnings retention alone[108]. - The company’s financial condition and compliance with regulatory requirements could be adversely affected if sufficient capital is not maintained[93]. Growth Strategies and Market Conditions - The company is pursuing organic growth while evaluating potential acquisitions and expansion opportunities, although sustaining historical growth rates may be challenging[34]. - The company operates in a highly competitive market, particularly in the BaaS sector, which may increase costs and reduce revenue growth[50]. - The company may face difficulties in realizing the anticipated benefits from acquisitions or strategic transactions[71]. - The company has implemented new lines of business or financial products, facing substantial risks and uncertainties in development and marketing[74]. - The company faces risks related to consumer behavior changes in the prepaid financial services industry, which could adversely affect operating revenues[27]. Accounting and Financial Reporting - The Company adopted ASC 326 as of October 1, 2020, requiring recognition of expected credit losses over the contractual lives of financial assets, utilizing the Current Expected Credit Losses (CECL) methodology[67]. - The adoption of the new credit loss standard is communicated as a critical audit matter, impacting the financial statements[88]. - The company has changed its method of accounting for credit losses effective October 1, 2020, adopting the new credit loss standard[88]. - Changes in financial accounting and reporting standards may materially affect how the company reports its financial results and condition[115]. Risks and Challenges - The company may incur losses due to fraudulent acts or errors by third parties or employees[75]. - The company is exposed to risks from fraud losses related to customer accounts[53]. - The company may incur significant costs and face challenges in developing and marketing new lines of business or products[74]. - The company may experience loan and lease losses that adversely affect its financial condition and results of operations[43]. - The company may face reputational risk from negative publicity, which could adversely impact its ability to attract and maintain customers[122]. - Federal regulations may inhibit a takeover or limit growth opportunities, potentially causing the market price of the company's common stock to decline[118]. - Future sales or additional issuances of capital stock may depress the market price of the company's common stock[113].

Pathward Financial, Inc. (NASDAQ:CASH) Q4 2023 Earnings Conference Call October 25, 2023 5:00 PM ET Company Participants Darby Schoenfeld - Senior Vice President, Investor Relations Brett Pharr - Chief Executive Officer Glen Herrick - Executive Vice President and Chief Financial Officer Conference Call Participants Eric Spector - Raymond James Frank Schiraldi - Piper Sandler Operator Ladies and gentlemen, thank you for standing by, and welcome to the Pathward Financial Fourth Quarter Fiscal Year 2023 Invest ...

| --- | --- | --- | --- | --- | --- | |--------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | Quarterly | | | | | | | Investor Update FOURTH QUARTER & FISCAL YEAR END 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | This investor update contains "forward-looking statements" which are made in good faith by Pathward Financial, Inc. TM (the "Company") pursuant to the "safe harbor" provisions of the Private Securiti ...

These forward-looking statements are based on information currently available to us and assumptions about future events, and include statements with respect to the Company's beliefs, expectations, estimates, and intentions, which are subject to significant risks and uncertainties, and are subject to change based on various factors, some of which are beyond the Company's control. Such risks, uncertainties and other factors may cause our actual growth, results of operations, financial condition, cash flows, p ...

The investments in the FHLB stock are required investments related to the Company's membership in and current borrowings from the FHLB of Des Moines. The investments in the FHLB of Des Moines could be adversely impacted by the financial operations of the FHLB and actions of their regulator, the Federal Housing Finance Agency. Equity Securities. The Company held $3.5 million at June 30, 2023 and $2.9 million at September 30, 2022 in marketable equity securities. The Company recognized $0.2 million and $3.8 m ...

Pathward Financial, Inc. (NASDAQ:CASH) Q3 2023 Earnings Conference Call July 26, 2023 5:00 PM ET Company Participants Darby Schoenfeld - Senior Vice President, Investor Relations Brett Pharr - Chief Executive Officer Glen Herrick - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Michael Perito - KBW David Feaster - Raymond James Operator Ladies and gentlemen, thank you for standing by, and welcome to the Pathward Financial Third Quarter Fisca ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-22140 PATHWARD FINANCIAL, INC. (Exact name of registrant as specified in its charter) Delaware 42-1406262 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or ...

Pathward Financial, Inc. (NASDAQ:CASH) Q2 2023 Earnings Conference Call April 26, 2023 5:00 PM ET Company Participants Darby Schoenfeld - Senior Vice President, Head of Investor Relations Brett Pharr - Chief Executive Officer Glen Herrick - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Operator Ladies and gentlemen, thank you for standing by, and welcome to Pathward Financial's Second Quarter Fiscal Year 2023 Investor Conference Call. Durin ...