Every material Form 8-K Pathward Financial has filed with the SEC since July 24, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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.
Pathward Financial reported fiscal second-quarter 2026 results for the three months ended March 31, 2026. Net income was $72.9 million, or $3.35 per share, compared with $75.0 million, or $3.14 per share, a year earlier. Noninterest income rose 9%, while net interest income fell 8% and the provision for credit losses increased, so shareholders get a mixed picture of lower net income alongside higher per-share earnings.
Net income of $72.9 million, or $3.35 per share, for the three months ended March 31, 2026, versus $75.0 million, or $3.14 per share, a year earlier
Noninterest income rose 9% to $151.2 million, while net interest income fell 8% to $125.1 million
Provision for credit losses was $45.6 million versus $35.3 million a year earlier; nonperforming assets were $119.8 million, or 1.68% of total assets, versus $41.6 million a year earlier
Repurchased 855,201 shares at an average price of $84.15; 3,430,811 shares remained available under the current program as of March 31, 2026
Pathward Financial reported net income of $35.2 million, or $1.57 per share, for the three months ended December 31, 2025, up from $30.0 million, or $1.23 per share, a year earlier. Net interest income and noninterest income both declined, while lower credit loss provisions helped lift profit, and nonperforming loans rose sharply from a year earlier.
Net income of $35.2 million, or $1.57 per share, versus $30.0 million, or $1.23 per share, in the prior-year quarter
Net interest income fell 5% to $119.3 million; net interest margin was 6.95% versus 7.38% a year earlier
Provision for credit losses was $3.2 million versus $18.7 million; nonperforming loans rose to $109.1 million from $35.2 million
Repurchased 651,804 shares at an average price of $72.07; 4,286,012 shares remained available under the program as of December 31, 2025
Pathward Financial reported fiscal fourth-quarter 2025 net income of $38.8 million, or $1.69 per share, up from $33.5 million, or $1.34 per share, a year earlier. For the full fiscal year, net income rose to $185.9 million, or $7.87 per share, from $183.2 million, or $7.20 per share, which shows year-over-year growth in both profit and earnings per share.
Fiscal Q4 2025 (ended Sept. 30, 2025): net income $38.8 million, or $1.69 per share, vs. $33.5 million, or $1.34 per share, a year earlier
Total revenue for the quarter was $186.7 million, up $7.2 million or 4%, with noninterest income up 13%
Fiscal 2025 net income was $185.9 million, or $7.87 per share, vs. $183.2 million, or $7.20 per share, in fiscal 2024
Nonperforming loans and leases were $99.1 million, or 2.05% of gross loans, up from $71.3 million at June 30, 2025
Pathward Financial received a Nasdaq notice on August 26, 2025, because it did not timely file its Form 10-Q for the quarter ended June 30, 2025. The company said the notice has no immediate effect on the listing or trading of its common stock, but it must submit an updated compliance plan by September 10, 2025, and Nasdaq will not extend that deadline further. Shareholders face continued risk of delisting if the company misses its November 13, 2025 compliance deadline.
Notice dated August 26, 2025, under Nasdaq Listing Rule 5250(c)(1) for the late Form 10-Q covering the quarter ended June 30, 2025
This is a repeat issue: a similar notice came on May 22, 2025 over the late Form 10-Q for the quarter ended March 31, 2025
Nasdaq extended the compliance deadline to November 13, 2025; a compliance plan update is due September 10, 2025
Company is restating certain financial statements in its amended Form 10-Q for the quarter ended December 31, 2024, and is filing its 2025 quarterly reports late
Pathward Financial reported preliminary fiscal third-quarter results with net income of $42.1 million, or $1.81 per share, versus $44.9 million, or $1.78 per share, a year earlier. The company also plans to restate its 10-K for fiscal 2024 and its 10-Q for the quarter ended December 31, 2024, and says its actual results may differ materially from the preliminary figures.
Total revenue rose 4% to $195.8 million, driven by higher noninterest income.
Net income fell from $44.9 million to $42.1 million, while EPS rose from $1.78 to $1.81.
Restatements relate to gross vs. net basis presentation and derivative accounting for certain third-party lending and servicing relationships in Credit Solutions.
Nonperforming loans and leases were $71.3 million at June 30, 2025, or 1.49% of total gross loans and leases.
Pathward Financial said on June 26, 2025 that its audit committee concluded financial statements for fiscal 2021 through 2024 and interim periods through March 31, 2025 should no longer be relied upon. The errors relate to how certain third-party lending and servicing programs in its Consumer Solutions business were accounted for, and the company plans to amend its 2024 annual and prior quarterly reports. Management also concluded there is a material weakness in internal control over financial reporting.
Affected loan programs totaled $207.0 million as of March 31, 2025 and $218.3 million as of September 30, 2024, within total loans and leases (net) of $4.39 billion and $4.03 billion, respectively.
The company will amend its Form 10-K for the year ended September 30, 2024, including an adjustment to beginning shareholders' equity as of October 1, 2021.
Under the gross basis presentation, net income is expected to be lower in the early years of these programs, though the change does not affect net income over the life of the portfolio.
The remediation plan for the material weakness will be described in the Form 10-Q for the quarter ended March 31, 2025.
Pathward Financial received a Nasdaq notice on May 22, 2025, saying it is not in compliance with listing rules because it did not timely file its quarterly report for the period ended March 31, 2025. The company needs more time to evaluate the presentation and accounting of certain third-party lending and servicing relationships. Nasdaq says the notice has no immediate effect on the listing or trading of the common stock, but the company must still regain compliance, which may take until November 11, 2025.
Nasdaq notice dated May 22, 2025, cites Listing Rule 5250(c)(1) for failure to timely file the Form 10-Q for the quarter ended March 31, 2025
Review covers third-party lending and servicing relationships in the Consumer Solutions business, within held-for-investment loan balances of approximately $280 million as of December 31, 2024
Company has 60 days from the notice date to submit a compliance plan; Nasdaq may grant up to 180 calendar days, or until November 11, 2025
Nasdaq says the notice has no immediate effect on the listing or trading of the common stock
Pathward Financial reported fiscal second-quarter results for the three months ended March 31, 2025, with net income of $74.3 million, or $3.11 per share, up from $65.3 million, or $2.56 per share, a year earlier. Total revenue rose 6% to $262.9 million, driven by higher net interest income and noninterest income, which both improved for shareholders in the quarter.
Net income of $74.3 million, or $3.11 per share, for the three months ended March 31, 2025, versus $65.3 million, or $2.56 per share, a year earlier
Total revenue of $262.9 million, up $15.6 million, or 6%, from the same quarter of fiscal 2024
Net interest margin rose to 6.50% from 6.23% a year earlier
Tax services product income, net of losses and direct product expenses, increased 29% to $47.6 million for the first six months of fiscal 2025
Pathward Financial reported net income of $31.4 million, or $1.29 per share, for the three months ended December 31, 2024, up from $27.7 million, or $1.06 per share, a year earlier. Total revenue rose 7% to $173.5 million, and the company's net interest margin increased to 6.84% from 6.23%, though results include a $16.4 million gain and a $15.7 million securities loss tied to the sale of its insurance premium finance business.
Total revenue was $173.5 million, up $10.7 million, or 7%, from the same quarter a year earlier.
Net interest margin rose 61 basis points to 6.84% from 6.23%.
The company repurchased 701,860 shares at an average price of $74.05 during the quarter, leaving 6,298,140 shares available under its program.
Total end-of-period deposits decreased 6% to $6.52 billion at December 31, 2024.
Pathward, N.A., a subsidiary of Pathward Financial, completed the sale of substantially all assets and liabilities of its commercial insurance premium finance business to Honor Capital Corporation on October 31, 2024. The company raised its fiscal 2025 GAAP earnings per diluted share guidance to $7.25 to $7.75, citing the sale proceeds and related assumptions.
Cash purchase price at closing was $603.3 million, based on net asset value plus a $31.2 million premium, subject to post-closing adjustment
Fiscal 2025 GAAP EPS guidance raised to $7.25 to $7.75 and assumes two 25 basis point rate cuts, in November and December 2024
Company expects to sell about $150 million to $200 million in securities in the first quarter of fiscal 2025, generating a loss that will largely offset the pre-tax gain from the sale
Pathward Financial reported fiscal fourth-quarter net income of $33.6 million, or $1.35 per share, compared with $35.9 million, or $1.36 per share, a year earlier, while total revenue rose 4% to $167.9 million. For the full fiscal year, net income rose to $168.4 million, or $6.62 per share, from $5.99 per share, and the CEO said that figure was just above the high end of updated guidance.
Fourth-quarter net income was $33.6 million, or $1.35 per share, versus $35.9 million, or $1.36 per share, in the prior-year quarter.
Fourth-quarter total revenue was $167.9 million, up $6.9 million or 4%, while noninterest income fell 7% to $52.0 million.
Fiscal 2024 earnings were $6.62 per diluted share, up 11% from $5.99, and the CEO said this was just above the high end of updated guidance.
The sale of the commercial insurance premium finance business was announced August 28, 2024, and is expected to close by October 31, 2024.
Pathward, N.A., a subsidiary of Pathward Financial, agreed on August 28, 2024 to sell substantially all assets and liabilities of its commercial insurance premium finance business to AFS IBEX Financial Services, a subsidiary of Honor Capital Holdings. The cash price is based on a $617.1 million net asset value as of June 30, 2024, plus a $31.2 million premium, plus assumed liabilities. The company expects the deal to be roughly neutral to fiscal 2024 net income and EPS, excluding gains, and to close by the end of fiscal 2024.
Purchase price: $617.1 million net asset value as of June 30, 2024, plus a $31.2 million premium, plus assumed liabilities, subject to adjustment
Estimated pre-tax gain of approximately $17 million, per the investor presentation
Excluding gains, the company expects the transaction to be neutral to fiscal 2024 net income and EPS, and increasingly accretive over time as it redeploys capital
Closing expected by the end of fiscal 2024; fiscal 2025 guidance to be updated at that time; conference call on August 29, 2024 at 4:00 p.m. Central Time
Pathward Financial reported results for the three months ended June 30, 2024. Net income was $41.8 million, or $1.66 per share, down from $45.1 million, or $1.68 per share, a year earlier, even though total revenue rose 7% to $176.7 million. For shareholders, higher revenue was offset by slightly lower profit and higher noninterest expense.
Net income $41.8 million, or $1.66 per share, for the quarter ended June 30, 2024, versus $45.1 million, or $1.68 per share, a year earlier
Total revenue $176.7 million, up $11.5 million or 7%, driven by higher net interest income
Net interest margin rose to 6.56% from 6.18%; noninterest expense rose 8% to $123.7 million
Nonperforming loans and leases were $44.6 million, or 0.96% of gross loans, at June 30, 2024, up from $34.4 million at March 31, 2024
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