Nov 9, 4:15 PM ET
Pathward Financial's Compensation Committee approved a $340,923 cash payment to Anthony Sharett, who resigned as President effective October 23, 2026. The payment recognizes his annual incentive award for fiscal 2026, which he would not otherwise have received because of his departure. The payment depends on his signing an acknowledgement, and the company plans to file it with its 10-K if he does.
- Committee approved the $340,923 payment on November 3, 2026.
- Payment is tied to the fiscal year ended September 30, 2026, based on predetermined performance measures and an individual discretionary component.
- Sharett stopped being employed by the company and Pathward on October 23, 2026.
- Payment is subject to Sharett signing an acknowledgement; the company intends to file it with its 10-K if executed.
Read the filing on SEC.gov ↗
Oct 21, 4:05 PM ET
Pathward Financial reported fourth-quarter fiscal 2026 net income of $38.6 million, or $1.85 per diluted share, compared with $38.8 million, or $1.69, a year earlier. For fiscal 2026, net income fell to $175.7 million from $185.9 million, while diluted EPS rose to $8.14 from $7.87. Nonperforming loans and leases rose to $289.3 million, or 5.61% of gross loans, from $99.1 million a year earlier, which shareholders may watch closely.
- Q4 net income $38.6 million vs. $38.8 million a year earlier; diluted EPS $1.85 vs. $1.69
- Fiscal 2026 net income $175.7 million vs. $185.9 million; diluted EPS $8.14 vs. $7.87
- Net interest income fell 8% in Q4 and noninterest income rose 12% to $65.6 million
- Nonperforming loans and leases were $289.3 million at September 30, 2026, vs. $99.1 million a year earlier
Read the filing on SEC.gov ↗
Sep 17, 4:15 PM ET
Pathward Financial said President Anthony Sharett resigned from his roles as President of the company and of its subsidiary Pathward, N.A., to pursue other opportunities. The company plans to implement its succession plan and reorganize the President's responsibilities among existing executives.
- Sharett notified the company of his resignation on September 14, 2026; it takes effect October 23, 2026.
- The company intends to implement its succession plan; no successor is named in the filing.
- Sharett previously served as chief legal and compliance officer, general counsel and corporate secretary.
Read the filing on SEC.gov ↗
Jul 22, 4:05 PM ET
Pathward Financial reported fiscal third-quarter net income of $29.0 million, or $1.37 per diluted share, for the three months ended June 30, 2026, down from $42.1 million, or $1.81 per share, a year earlier. The company attributed the drop mainly to credit deterioration in a few larger commercial loans, which pushed its provision for credit losses and nonperforming loans sharply higher.
- Net income was $29.0 million, or $1.37 per diluted share, versus $42.1 million, or $1.81, in the same quarter of fiscal 2025.
- Provision for credit losses was $28.3 million, compared with $9.3 million a year earlier; nonperforming loans and leases were $275.1 million, or 5.28% of gross loans, versus $71.3 million, or 1.49%.
- Net interest income fell 8% to $112.9 million, while noninterest income rose 4% to $76.7 million and noninterest expense fell 7% to $129.1 million.
- The company repurchased 303,632 shares at an average price of $92.18 and had 3,127,179 shares remaining under its repurchase program as of June 30, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
