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Pathward Financial, Inc. Announces Results for 2025 Fiscal Fourth Quarter and Fiscal Year 2025
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- Pathward Financial, Inc. (“Pathward Financial” or the “Company”) (Nasdaq: CASH) reported net income of $38.8 million, or
About this update from Pathward Financial, Inc.
[{"type":"text","content":" SIOUX FALLS, S.D.--(BUSINESS WIRE)--\nPathward Financial, Inc. (“Pathward Financial” or the “Company”) (Nasdaq: CASH) reported net income of $38.8 million, or $1.69 per share, for the three months ended September 30, 2025, compared to net income of $33.5 million, or $1.34 per share, for the three months ended September 30, 2024.\n\n\nThe Company reported net income of $185.9 million, or $7.87 per share, for the fiscal year ended September 30, 2025, compared to net income of $183.2 million, or $7.20 per share, for the fiscal year ended September 30, 2024. For the fiscal year ended September 30, 2025, the Company recognized return on average assets, return of average equity, and return on average tangible equity of 2.46%, 23.44% and 38.75%, respectively, compared to 2.40%, 25.78% and 47.89%, respectively, for the prior year period.\n\n\nCEO Brett Pharr said, \"We are very pleased with our performance in the fiscal year. We completed the sale of our Insurance Premium Finance business, as well as a transportation portfolio, hired a new Chief People and Culture Officer, and won multiple awards. We did all of this and still delivered on the strategy we laid out for fiscal 2025 at the end of last year, generating both net income and earnings per diluted share growth. We believe we have put ourselves in a strong position to continue delivering on our strategy and remaining the trusted platform that enables our partners to thrive.\"\n\n\nFinancial Highlights for the 2025 Fiscal Fourth Quarter\n\n\n\nTotal revenue for the fourth quarter was $186.7 million, an increase of $7.2 million, or 4%, compared to the same quarter in fiscal 2024, primarily driven by an increase of 13% in noninterest income.\n\n\n\nNet interest margin (\"NIM\") increased 14 basis points to 7.46% for the fourth quarter from 7.32% during the same period last year, primarily driven by an improved earning asset mix from continued balance sheet optimization. When including contractual, rate-related processing expenses associated with deposits on the Company's balance sheet, NIM would have been 6.04% in the fiscal 2025 fourth quarter compared to 5.91% during the fiscal 2024 fourth quarter. See non-GAAP reconciliation table below.\n\n\n\nTotal gross loans and leases at September 30, 2025 increased $589.7 million to $4.66 billion compared to September 30, 2024 and decreased...