Every material Form 8-K Pathward Financial filed with the SEC in 2025, 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 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.
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.
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