Pathward Financial(CASH)
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GATES CAPITAL MANAGEMENT BELIEVES $42 ALL-CASH OFFER FOR VISTA OUTDOOR IS SUPERIOR TO THE PROPOSED SALE OF THE KINETIC GROUP TO CSG
Prnewswire· 2024-07-26 12:30
Reiterates Intention to Vote AGAINST the CSG Proposal Recently Released Financial Results from Vista Make It Clear That Selling the Entire Company Provides Shareholders a Better Return Than Divesting The Kinetic Group NEW YORK, July 26, 2024 /PRNewswire/ -- Gates Capital Management, Inc. ("Gates Capital Management" or "we"), an event-driven alternative asset manager that beneficially owns 5,589,041 shares of common stock, or approximately 9.6%, of Vista Outdoor, Inc. ("Vista" or the "Company") (NYSE: VSTO), ...
HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND
Prnewswire· 2024-07-25 12:00
| --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------|-------------------------|---------------|-------|--------------------------|---------------|------------|-----------| | | June 30, 2024 \nBalance | \n% of Total | | March 31, 2024 \nBalance | \n% of Total | Change \n$ | % | | | (Dollars in thousands) | | | | | | | | Noninterest demand deposits | $ 1,599,367 | 29.0 % | | $ 1,637,111 | 29.5 % | $ (37,744) | (2.3) % | | Interest bearing demand deposits | 1,487,670 | 27.0 | | ...
Pathward Financial(CASH) - 2024 Q3 - Earnings Call Transcript
2024-07-25 02:18
Pathward Financial, Inc. (NASDAQ:CASH) Q3 2024 Results Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Darby Schoenfeld - Senior Vice President, Chief of Staff and Investor Relations Brett Pharr - Chief Executive Officer Greg Sigrist - Executive Vice President and Chief Financial Officer Conference Call Participants Tim Switzer - Keefe, Bruyette & Woods Frank Schiraldi - Piper Sandler & Co. David Feaster - Raymond James Operator Ladies and gentlemen, thank you for standing by, and wel ...
Pathward Financial(CASH) - 2024 Q3 - Earnings Call Presentation
2024-07-25 01:32
Financial Performance - Net income attributable to Pathward Financial was $418 million in Q3 2024, a decrease of 7% compared to Q3 2023[110] - Earnings per diluted share were $166, a decrease of 1% compared to Q3 2023[111] - Net interest margin was 656% compared to 618% in the prior year period[85] - Adjusted NIM, including contractual, rate-related processing expenses, was 492% compared to 488% in the prior year period[85] Loan Portfolio - Total loans and leases increased 13% from Q3 2023 to $46126 million[114] - Commercial Finance balances grew by $419 million, or 12%, from the third quarter of the prior year[154] - As of June 30, 2024, $22 billion, or 48% of loans and leases contained floating or variable interest rates[183] Asset Quality - The ACL as a % of total loans and leases was 173% for 3Q24, a 28 bps decrease from the prior year[34] - Annualized adjusted net charge-offs were 049% of average loans over the last 12 months[34] - Nonperforming loans and leases were 096% as of June 30, 2023[113] Capital and Liquidity - Total liquidity was $2474 million, including $299 million in cash and cash equivalents, $38 million in unpledged investment securities, $980 million in FHLB borrowing capacity, $229 million in funds available through the Fed Discount Window, $575 million in unsecured funding providers, and $353 million in deposit balances held at other banks[37] - The company executed $150 million of share repurchases in 3Q24[139] Tax Season Update - Refund Advance originations totaled $156 billion in the 2024 tax season through June 30, 2024, compared to $146 billion in the 2023 tax season, a 7% increase[160] - Total tax product revenue increased 3% through the nine months ended June 30, 2024, compared to the same period of the prior year[129] - The approximate loss rate for the refund advance product was 149% for the nine months ended June 30, 2024, compared to 227% for the same period in the prior year, a decrease of 34%[160]
Pathward Financial (CASH) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-07-24 23:00
This quarterly report represents an earnings surprise of 10.67%. A quarter ago, it was expected that this holding company for Meta Bank would post earnings of $2.37 per share when it actually produced earnings of $2.56, delivering a surprise of 8.02%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Pathward has outperformed the market so far this year, ...
Pathward Financial(CASH) - 2024 Q3 - Quarterly Results
2024-07-24 20:10
| --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------|-------------|-----------|------------------|-------|---------------------|-------|----------------------|-----------------| | As of and For the Three Months Ended | June 2024 | 30, | March 31, 2024 | | December 31, 2023 | | September 30, 2023 | June 30, 2023 | | Equity to total assets | | 10.16 % | 9.94 | % | 9.20 % | | 8.63 % | 9.09 % | | Book value per common share outstanding ...
WASTE CONNECTIONS ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND
Prnewswire· 2024-07-24 20:05
TORONTO, July 24, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.285 U.S. per common share of the Company. The regular quarterly cash dividend will be paid on August 22, 2024 to shareholders of record at the close of business on August 7, 2024. The Board intends to review the quarterly dividend each October, with a long-term objective of increasing the amount ...
ADECOAGRO S.A. COMMENCES CASH TENDER OFFER FOR UP TO US$100.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.00% SENIOR NOTES DUE 2027
Prnewswire· 2024-07-22 13:24
The following table sets forth the material pricing terms of the Tender Offer: (1) The amount to be paid for each US$1,000 principal amount of Notes validly tendered after the Early Tender Date but at or prior to the Expiration Date and accepted for purchase. In addition, Accrued Interest (as defined herein) will be paid. (2) Per US$1,000 principal amount of Notes accepted for purchase. The amount to be paid for each US$1,000 principal amount of Notes validly tendered at or prior to the Early Tender Date an ...
DIVIDEND ALERT: US$1.098 CASH DIVIDEND TO BE DISTRIBUTED TO ChipMOS ADS HOLDERS PRE-WITHHOLDING TAX AND FEES
Prnewswire· 2024-07-22 10:00
HSINCHU, July 22, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 andNasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), announced a US$1.098 cash dividend per ADS (or approximately US$0.848 per ADS after the Taiwan withholding tax and Citibank, N.A.'s depositary fees) will be distributed on July 26, 2024. ADS holders are encouraged to check with their securities brokers for receipt of ...
Is the Options Market Predicting a Spike in Pathward Financial (CASH) Stock?
ZACKS· 2024-07-19 13:40
What is Implied Volatility? What do the Analysts Think? Given the way analysts feel about Pathward Financial right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Click to see the trades now >> Inv ...