Pathward Financial Q1 net income rises to $31.4 million, or $1.29 per share
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing 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 January 21, 2025.
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.