Pathward Financial(CASH) - 2017 Q4 - Earnings Call Presentation

Financial Performance - Meta Financial Group achieved a GAAP net income of $44.9 million for fiscal year 2017, a 35% increase compared to fiscal year 2016[16] - The company's fourth quarter net interest income was $24.5 million, a 23% increase over Q4 FY 2016[12] - Non-interest income represented 65% of the company's total revenue for the fiscal year[16] - Card fee income increased by 49% in Q4 FY 2017, reaching $26.7 million[16] - Non-interest income grew 71% in FY 2017 compared to FY 2016[20] Balance Sheet and Loan Portfolio - Average assets for Q4 FY 2017 grew 25% compared to Q4 FY 2016, reaching $4.03 billion[13,48] - Total loans receivable increased 43% year-over-year[36] - Excluding purchased student loan portfolio, total loans receivable, net of allowance for loan losses, increased 30% over Q4 FY 2016, amounting to $274.6 million[14] - The company originated approximately $1.3 billion of refund advance loans for the 2017 tax season and anticipates originating over $1.0 billion during the 2018 tax season[10] Deposits and Cost of Funds - Average deposits for Q4 FY 2017 increased 37%, and average non-interest bearing deposits increased 14% compared to Q4 FY 2016[48] - Overall cost of funds for all deposits and borrowings averaged 0.50% during Q4 FY 2017, compared to 0.26% during Q4 FY 2016[17]