Slide 1: Quarterly Investor Update Third Quarter Fiscal Year 2025
QUARTERLY INVESTOR UPDATE T H I R D Q UA R T E R F I S C A L Y E A R 2 0 2 5
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This investor update contains “forward-looking statements” which are made in good faith by Pathward Financial, Inc. (the “Company”) pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements
Slide 3: Trusted Platform That Enables Our Partners to Thrive
TRUSTED PLATFORM THAT ENABLES OUR PARTNERS TO THRIVE Optimized balance sheet with optimized asset mix Technology to facilitate evolution and scalability People and culture are important assets Mature risk and compliance framework 3 Pathward Financial, Inc. (Nasdaq: CASH) | Quarterly Investor Present
Slide 4: Strategy Delivering Solid Results
STRATEGY DELIVERING SOLID RESULTS1 ($ IN MILLIONS, EXCEPT PER SHARE DATA) Net Interest Income Noninterest Income Noninterest Expense 0% +11% +11% $122.8 $122.3 $73.4 $139.3 $65.9 $125.5 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Net Income Attributable to Parent Earnings per Diluted Share -6% +
Slide 5: Deposit Base Supports Asset Growth
1 DEPOSITS Period ending ($ in millions) DEPOSIT BASE SUPPORTS ASSET GROWTH -7% $6,431.5 $6,005.2 Decrease in deposits at June 30, 2025 when compared to the prior year period was primarily due to a reduction in noninterest bearing and wholesale deposits. Average Q3 2025 off-balance sheet custodi
Slide 6: Total Loans and Leases
TOTAL LOANS AND LEASES Period ending ($ in millions) +3% $4,615.6 $4,743.3 TOTAL LOANS AND LEASES INCREASED FROM Q3 2024 Increase primarily driven by term lending, warehouse finance and asset-based lending. Growth was partially offset by the sale of insurance premium finance loans during Q1 2025
Slide 7: Strong Balance Sheet Allows for Return of Capital to Shareholders
STRONG BALANCE SHEET ALLOWS FOR RETURN OF CAPITAL TO SHAREHOLDERS Liquidity Sources Share Repurchases ($ in millions) 1,881,444 $258 $431 $200 $35 $2,652 $775 603,780 $953 Q3 2025 2025 YTD Off Balance Sheet Custodial Deposits1 FHLB Borrowing Capacity Cash and Cash Equivalents Fed Discount Window Fun
Slide 8: Preliminary Fiscal Year Guidance
PRELIMINARY FISCAL YEAR GUIDANCE1 Fiscal Year 2025 • $7.50- $7.80 EPS • Assumes one rate cut in fiscal Q4 2025 • Effective tax rate of 16% to 20% • Includes expected share repurchases Fiscal Year 2026 • $8.25- $8.75 EPS • Assumes no rate cuts during the year • Effective tax rate of 18% to 22% • Incl
Slide 9: Q&A
Q&A 9 Pathward Financial, Inc. (Nasdaq: CASH) | Quarterly Investor Presentation
Slide 10: Appendix - Balance Sheet
APPENDIX - BALANCE SHEET1 Assets For the quarter ended September 30, December 31, March 31, June 30, September 30, December 31, March 31, June 30, ($ in thousands) 2023 2023 2024 2024 2024 2024 2025 2025 Cash and cash equivalents $375,580 $671,630 $347,888 $298,926 $158,337 $597,396 $254,249 $258,34
Slide 11: Appendix - Balance Sheet (Continued)
APPENDIX - BALANCE SHEET (CONTINUED)1 Liabilities and Stockholders’ Equity For the quarter ended September 30, December 31, March 31, June 30, September 30, December 31, March 31, June 30, ($ in thousands) 2023 2023 2024 2024 2024 2024 2025 2025 Deposits $6,589,182 $6,936,055 $6,368,344 $6,431,516 $
Slide 12: Appendix – Income Statement
APPENDIX – INCOME STATEMENT1 For the quarter ended September 30, December 31, March 31, June 30, September 30, December 31, March 31, June 30, ($ in thousands) 2023 2023 2024 2024 2024 2024 2025 2025 Interest and dividend income: Loans and leases, including fees $99,309 $103,854 $113,083 $107,762 $1
Slide 13: Appendix – Income Statement (Continued)
APPENDIX – INCOME STATEMENT (CONTINUED)1 For the quarter ended September 30, December 31, March 31, June 30, September 30, December 31, March 31, June 30, ($ in thousands) 2023 2023 2024 2024 2024 2024 2025 2025 Noninterest expense: Compensation and benefits $46,352 $46,652 $54,073 $48,449 $52,298 $