Pathward Financial Q3 profit falls to $29.0 million, or $1.37 a share, from $1.81
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.
Key points
- 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.
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 22, 2026.
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.