Pathward Financial Q3 profit falls to $41.8 million as revenue rises 7%
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.