Pathward Financial Inc (OQ:CASH)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 5501 SOUTH BROADBAND LANE,
P O Box 1307
SIOUX FALLS SD 57108
Tel: N/A
Website: https://www.pathwardfinancial.com
IR: See website
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Key People
Anthony M. Sharett
President
Brett L. Pharr
Chief Executive Officer, Director
Gregory A. Sigrist
Chief Financial Officer, Executive Vice President
Charles C. Ingram
Executive Vice President, Chief Technology and Product Officer
Nadia A. Dombrowski
Executive Vice President, Chief Legal and Administrative Officer
 
Business Overview
Pathward Financial, Inc. is a financial holding company. The Company's subsidiary is Pathward, National Association (the Bank). The Bank operates through three segments: Consumer, Commercial, and Corporate Services/Other. The Consumer segment includes the banking as a service (BaaS) business line, which collaborates with partners to navigate payment and lending needs. The Bank's capabilities range from prepaid cards and deposit accounts to payment processing and consumer lending. The Bank offers a variety of installment and revolving consumer lending products through its credit solutions. The Commercial segment offers a variety of products through its working capital, equipment finance, structured finance and insurance premium finance lending solutions. The Corporate Services/Other segment includes certain shared services as well as treasury related functions, such as the investment portfolio, warehouse finance, wholesale deposit, and borrowings.
Financial Overview
For the three months ended 31 December 2023, Pathward Financial Inc interest income increased 36% to $115.9M. Net interest income after loan loss provision increased 35% to $100.1M. Net income applicable to common stockholders decreased less than 1% to $27.4M. Net interest income after loan loss provision reflects Consumer segment increase of 80% to $55.9M, Net Interest Margin, Total - % increase of 11% to 6.24%, Net Interest Spread.
Employees: 1,192 as of Sep 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $643.41M as of Dec 31, 2023
Annual revenue (TTM): $429.57M as of Dec 31, 2023
EBITDA (TTM): $257.09M as of Dec 31, 2023
Net annual income (TTM): $161.15M as of Dec 31, 2023
Free cash flow (TTM): -$113.83M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 25,490,775 as of Jan 31, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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