Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Pathward Financial (CASH) , which belongs to the Zacks Banks - Northeast industry.When looking at the last two reports, this holding company for Pathward, N.A. has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 18.43%, on average, in the last two quarters.For the last reported quarter, Pathward came out with ear ...

Core Viewpoint - Paramount Skydance Corporation has made a $30.00 per share all-cash offer to acquire Warner Bros. Discovery, Inc., which it claims is superior to WBD's existing agreement with Netflix, providing greater value and certainty for WBD shareholders [1][2][4]. Paramount's Offer vs. Netflix Agreement - Paramount's offer of $30.00 per share is straightforward and easy to value, while Netflix's transaction includes uncertain components that have decreased in value, now estimated at $27.42 per share for WBD shareholders [2][3]. - The Netflix deal initially offered $23.25 in cash and $4.50 in Netflix stock, but the current stock price of Netflix is below the low end of its collar, diminishing the overall value for WBD shareholders [2][3]. Financial Analysis of Discovery Global - Paramount's analysis values Discovery Global at $0.00 per share based on a forward EBITDA multiple of 3.8x and projected EBITDA of $3.9 billion for the next twelve months [5][6]. - The analysis assumes a significant allocation of corporate overhead and stock-based compensation expenses, leading to a fundamental value of $0.00 per share for Discovery Global [5][6]. Debt and Valuation Considerations - If Discovery Global trades in line with Versant, it is expected to have no equity value, and there are reasons to believe it should trade at a discount due to higher leverage and poorer financial performance compared to Versant [8][9]. - The Netflix agreement includes a mechanism that could reduce cash and stock consideration for WBD shareholders if Discovery Global is capitalized with less debt, further complicating the valuation for WBD shareholders [8][10]. Paramount's Commitment and Financing - Paramount has secured $54.0 billion in debt financing from reputable financial institutions, ensuring the certainty of its offer compared to the uncertainties surrounding the Netflix deal [11][12]. - The company emphasizes its commitment to engaging with WBD shareholders and addressing any concerns regarding its offer [4][11].

Company Overview - Pathward Financial, Inc. is a diversified financial services provider specializing in regional banking and payment solutions, offering a range of banking products and services including deposit accounts, commercial finance, consumer credit, prepaid cards, and payment solutions [8][9] - The company generates revenue primarily through interest income, fees from financial products, and payment processing services across consumer and commercial segments [8] Financial Performance - For fiscal 2025, Pathward reported a net income of $185.9 million, translating to $7.87 per diluted share, an increase from $7.20 the previous year [11] - The return on average equity was 23.4%, indicating strong profitability among small and mid-sized banks [11] - The net interest margin expanded to 7.46% in the fourth quarter, aided by a lower cost of deposits and a shift towards higher-yielding commercial finance assets [11] - Noninterest income rose by 13% year over year, suggesting that the company's performance is not solely dependent on interest rates [11] Recent Developments - Guardian Wealth Management disclosed a new position in Pathward Financial, acquiring 40,545 shares valued at approximately $3 million during the third quarter, which represents 1.77% of the fund's reportable U.S. equity assets [2][3][6] - As of the latest filing, Pathward Financial is not among the fund's top five holdings, indicating a strategy of diversification [6][12] Market Context - As of the latest data, Pathward Financial's shares were priced at $73.44, reflecting a decline of about 2% over the past year, contrasting with the S&P 500's increase of approximately 15% during the same period [4]

CALGARY, AB, Dec. 22, 2025 /PRNewswire/ - Boardwalk Real Estate Investment Trust (TSX: BEI.UN) Boardwalk Real Estate Investment Trust ("Boardwalk", the "REIT" or the "Trust") announces that it has declared a special non-cash distribution of $1.425 per Trust Unit, payable on December 31, 2025 to Unitholders of record at the close of business on December 31, 2025 (the "Special Distribution").     Throughout fiscal 2025, the Trust has completed the dispositions of several communities in line with the Trust's ...

Core Viewpoint - Argent Trust Company declared a cash distribution of $0.013198 per unit for the Permian Basin Royalty Trust, payable on January 15, 2026, with a record date of December 31, 2025. The distribution does not include proceeds from the Waddell Ranch properties due to production costs exceeding gross proceeds for November 2025 [1][4]. Distribution Summary - The current month's distribution decreased compared to the previous month primarily due to lower oil volumes and pricing from Texas Royalty Properties, partially offset by higher natural gas volumes and pricing [2]. - The total distribution for the month amounted to $615,176, distributed among 46,608,796 units outstanding, resulting in a per unit distribution of $0.013198 [8]. Production Details - Production from Texas Royalty Properties was reported at 13,834 barrels of oil and 12,089 Mcf of gas, with the Trust's allocated portion being 11,957 barrels of oil and 10,456 Mcf of gas. The average price for oil was $60.17 per barrel and for gas was $8.32 per Mcf [5][6]. - Revenues from Texas Royalty Properties totaled $933,086, with taxes and expenses of $139,390 deducted, leading to a net profit of $793,696 for November. The Trust's net profit interest (NPI) of 95% resulted in a net contribution of $754,012 to the distribution [5][6]. Waddell Ranch Properties - No proceeds were received from the Waddell Ranch properties for November 2025, and all excess costs must be recovered by future proceeds before any distribution can occur. Information regarding production and pricing will be disclosed in quarterly and annual reports due to the operator's reporting schedule [3][4]. Special Meeting Outcomes - A special meeting held on December 16, 2025, resulted in approximately 59.9% of outstanding Trust units voting in favor of a non-binding proposal by SoftVest Advisors to seek judicial reformation of the Trust's Indenture, allowing for amendments to be approved by a simple majority [9].

Company Overview - Boyd Group Services Inc. is a Canadian corporation that controls The Boyd Group Inc. and its subsidiaries, with shares trading on the Toronto Stock Exchange under the symbol BYD and on the New York Stock Exchange under the symbol BGSI [2] - The Boyd Group Inc. is one of the largest operators of non-franchised collision repair centers in North America, operating under various trade names including Boyd Autobody & Glass, Assured Automotive, and Gerber Collision & Glass [3] Financial Announcement - Boyd Group Services Inc. announced a cash dividend of C$0.156 per common share for the fourth quarter of 2025, payable on January 28, 2026, to shareholders of record as of December 31, 2025 [1]

Core Insights - Pathward Financial, Inc. is launching an evolved operating model aimed at enhancing innovation and growth while providing better support for clients and partners [1][2] - The new model emphasizes a seamless experience for business partners, aligning with fintech partners to ensure sustained success [2] - Key leadership changes include Christopher Soupal as Chief Growth Officer, Will Sowell as Chief Customer Officer, and Greg Cooper as Business Risk Group Leader, all reporting to President Anthony Sharett [3][4] Leadership and Structure - Christopher Soupal will lead Business Development and Revenue for Commercial Finance, Credit Solutions, and Partner Solutions, focusing on multi-threaded solutions for partners [2][4] - Will Sowell will oversee Customer Success, ensuring partners and customers achieve desired outcomes through Pathward's platform [3][4] - Greg Cooper will lead the Business Risk Group, providing tailored risk and compliance expertise to support partners [3][4] Business Focus - Pathward aims to streamline operations and enhance financial inclusion and access through horizontal integration [4] - The bank offers a range of solutions including issuing, merchant acquiring, digital payments sponsorship, and various financial solutions for businesses [5] - Pathward's mission is to increase financial availability, choice, and opportunity across its Partner Solutions and Commercial Finance business lines [6]

Credit Losses and Loan Performance - The allowance for credit losses (ACL) decreased to $53.3 million as of September 30, 2025, from $71.8 million as of September 30, 2024, reflecting a decrease in the total loan and lease coverage ratio from 1.76% to 1.14%[68] - Total charge-offs for the fiscal year ended September 30, 2025, were $90.9 million, compared to $95.2 million for the previous year, with net charge-offs of $74.99 million[65] - The ratio of net charge-offs to average loans outstanding during the period was 1.55% for 2025, down from 1.78% in 2024[65] - The company's commercial finance net loan charge-offs were $24.15 million, representing 0.6% of average loans, while consumer finance net loan charge-offs were $28.74 million, or 10.2% of average loans[67] - The ratio of total nonaccrual loans to total loans outstanding increased to 1.68% as of September 30, 2025, from 0.55% in the previous year[68] - The company expects to continue monitoring the ACL and adjust as necessary to maintain an appropriate level in future periods[68] Investment Securities - The company's total investment securities decreased to $1.55 billion as of September 30, 2025, from $1.98 billion in the previous year, with 86.6% of these securities pledged to secure various obligations[71] - The fair value of debt securities available for sale (AFS) decreased by $413.4 million to $1.33 billion as of September 30, 2025, compared to $1.74 billion in 2024[74] - As of September 30, 2025, the total debt securities available for sale (AFS) amounted to $388.723 million, with a weighted average yield of 3.78%[77] - The total mortgage-backed securities (MBS) AFS reached $1.129 billion, with a weighted average yield of 2.79%[78] Deposits and Funding - The Company reported $5.67 billion in deposits attributable to the Consumer segment, primarily from prepaid debit cards and stored value products[89] - Total deposits as of September 30, 2025, were $5.887 billion, showing a slight increase from $5.875 billion in the previous year[92] - Approximately 95.5% of the deposit portfolio consisted of noninterest-bearing checking accounts, totaling $5.62 billion[92] - As of September 30, 2025, the Company had $326 million in deposits related to government stimulus funds, with $161.5 million on activated cards[88] - The total time certificates of deposit were $2.636 million, with no wholesale certificates included as of September 30, 2025[92] - As of September 30, 2025, the Company had $2.636 million in total certificates of deposit, with $1.636 million maturing in the next 3 months, representing 62.1% of the total[95] - The Company had $9.0 million in overnight borrowings and the ability to borrow an additional approximately $1.02 billion from the FHLB as of September 30, 2025[99] - At September 30, 2025, debt securities with fair values of approximately $385.5 million and $955.3 million were pledged as collateral to the FRB and the FHLB, respectively[100] Regulatory and Compliance - The Bank is subject to regulations from the Consumer Financial Protection Bureau, which has authority over consumer financial products and services[133] - The Dodd-Frank Act includes provisions that restrict interchange fees for certain debit card issuers, although the Bank is currently exempt due to its asset size[134] - The Bank's legal lending limit totals 15% of its capital and surplus, plus an additional 10% if fully secured by readily marketable collateral[141] - The Bank elected to phase in the regulatory capital impact of CECL over a three-year period that began on October 1, 2022, and ends on September 30, 2025[137] - The Company and the Bank must maintain a capital conservation buffer of 2.5% above minimum risk-based capital requirements[165] - The Bank's board of directors may not declare dividends if it would result in the Bank being undercapitalized under the OCC's PCA rule[178] - The federal banking agencies proposed amendments to update AML and CFT program requirements in July 2024[155] Employee and Workforce - The Company reported a decrease in total employees from 1,244 in September 2024 to 1,182 in September 2025, representing a reduction of approximately 4.98%[202] - The Company’s workforce composition shows a decline in full-time employees from 1,239 to 1,177, a decrease of 5.00%[202] - The Company has implemented a "Talent Anywhere" recruitment strategy to expand its talent pool beyond local candidates[204] - The Company is committed to employee health and safety, providing various health and well-being programs[209] Business Operations and Risks - The Company faces significant competition from various financial institutions, including commercial banks and fintech companies, which may have greater resources and offer more competitive rates[243] - The Company’s Partner Solutions business line competes nationally with large commercial banks and electronic payments processors[199] - The Company derives a significant percentage of its deposits, total assets, and income from deposit accounts generated through Payments' customer relationships, particularly from a limited number of program manager relationships[254] - If a significant program manager relationship were terminated or revenues associated with it significantly decreased, it could materially reduce the Company's deposits, assets, and income[255] - The Company is exposed to fraud losses from customer accounts, which may lead to customer disputed transactions and could materially and adversely affect its financial condition[256] - The Company plans to pursue organic growth while evaluating potential acquisitions and expansion opportunities, but may not sustain its historical growth rate[262] - New lines of business or products may subject the Company to additional risks, including increased regulatory requirements and potential losses if not managed effectively[269] - The Company may incur losses due to fraudulent acts or errors by third parties or employees, which could adversely impact its financial results[273] - An impairment charge of goodwill or other intangibles could have a material adverse impact on the Company's financial condition and results of operations[271] - The Company's operations depend on third-party relationships, and any disruption in these relationships could adversely affect its business[249] Cybersecurity and Data Protection - The company collects significant volumes of sensitive personal information, and any security breaches could result in financial losses and damage to its reputation[276] - Cybersecurity risks have increased due to greater reliance on remote working, and the company cannot assure that its safeguards will prevent all breaches[278] - Non-compliance with privacy and data protection laws could result in regulatory sanctions and adversely affect the company's financial performance[280] - System failures and technological interruptions could negatively impact the company's ability to retain customers and affect its financial condition[282] - Delays in tax refund processing could lead to reputational damage and reduced acceptance of the company's products and services[284] Financial Performance and Dividends - The Bank's deposit insurance assessment rate was 6 basis points as of September 30, 2025, down from 7 basis points in 2024 and 2023[145] - The Bank's deposit insurance premium expense totaled $4.5 million for 2025, $5.3 million for 2024, and $4.3 million for 2023[145] - The Company paid cash dividends of $159.5 million to the Company during fiscal 2025 to fund share repurchases under authorized programs[179] - The Company has a stock repurchase program authorized to repurchase up to 7,000,000 shares of common stock by September 30, 2028[179] - As of September 30, 2025, the Bank exceeded all regulatory capital requirements and was designated as "well capitalized" under federal guidelines[167] - The Bank had $5.0 million in Federal Home Loan Bank (FHLB) stock as of September 30, 2025, in compliance with the FHLB of Des Moines' requirement[184] - For the fiscal year ended September 30, 2025, dividends paid by the FHLB to the Bank totaled $0.6 million[184] - The Bank paid standard assessments of $655,404 to the OCC during the fiscal year ended September 30, 2025[162] - The Bank received a "Satisfactory" rating during its most recent CRA Performance Evaluation dated January 29, 2024[181]

Core Insights - Pathward's Tax Call Center has been awarded the title of Best Medium Contact Center for 2025 by the International Customer Management Institute (ICMI) [1][2] - The award recognizes the center's excellence in performance metrics, culture, and customer impact, specifically for medium-sized centers with 76-150 agents [2] Company Overview - Pathward, a national bank and subsidiary of Pathward Financial, Inc. (NASDAQ: CASH), focuses on increasing financial access and opportunities through its Partner Solutions and Commercial Finance business lines [6] - The company operates over 42,000 independent tax offices, marking a new record for its operations [3] Award Significance - The ICMI Global Contact Center Awards celebrate exceptional leaders and teams in the contact center community, highlighting their dedication to innovation and best practices [5] - Pathward's Tax Call Center is recognized not only for its operational excellence but also for its role as a strategic driver and problem-solving entity within the company [3][4]

Core Viewpoint - Crown Holdings, Inc. announced the pricing terms for a cash tender offer by its subsidiary to purchase all of its 7 3/8% Debentures due 2026 [1] Group 1 - The tender offer is being conducted by Crown Cork & Seal Company, Inc., a wholly-owned subsidiary of Crown Holdings [1] - The company is targeting its 7 3/8% Debentures that are set to mature in 2026 [1]