Pathward Financial, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
April 24, 2024 at 04:10 pm EDT
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Pathward Financial, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported net interest income was USD 118.3 million compared to USD 101.41 million a year ago. Net income was USD 65.27 million compared to USD 54.77 million a year ago. Basic earnings per share from continuing operations was USD 2.56 compared to USD 1.99 a year ago. Diluted earnings per share from continuing operations was USD 2.56 compared to USD 1.99 a year ago.
For the six months, net interest income was USD 228.34 million compared to USD 185.46 million a year ago. Net income was USD 92.93 million compared to USD 82.61 million a year ago. Basic earnings per share from continuing operations was USD 3.61 compared to USD 2.95 a year ago. Diluted earnings per share from continuing operations was USD 3.61 compared to USD 2.95 a year ago.
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.
PATHWARD FINANCIAL, INC. 
