Slide 1: Investor Update Fourth Quarter Fiscal Year 2016
Investor Update Fourth Quarter Fiscal Year 2016 Meta® Financial Group
Slide 2: Forward Looking Statements
Forward Looking Statements Meta® Financial Group Meta Financial Group, Inc.® (the “Company") and its wholly-owned subsidiary, MetaBank® (the “Bank"), mayfrom time to time make written or oral “forward-looking statements,” including statements contained inthis Investor Update, the Company's filings w
Slide 3: Meta's Value Proposition & Growth Drivers
Meta’s Value Proposition & Growth Drivers Meta® Financial Group” Leverage Payments and FinTech Leadership Potential for Upward Trend in Earnings Significant growth; current partner relationships expanding, new partnersadded, and new products implemented with more to come in 2017 and beyond MPS 25% a
Slide 4: Who We Are
Who We Are Meta® Financial Group Meta Financial Group, Inc. (MFG) is the holding company for MetaBank®, a federally chartered savings bank. Headquartered in Sioux Falls, SD, g. MetaBank operates in both the Banking and i Payments industries through: MetaBank, its H =e Ot = traditional retail banking
Slide 5: Who We Are
Who We Are Meta® Financial Group Retail Bank * Regional Community Bank, 10 branch locations in lowa and South Dakota * Growing, profitable operations * ClearBalance relationship may provide opportunities for high-quality financing at attractive rates * Low-cost deposit base gives Bank compatitive ad
Slide 6: Meta Executive Management
Meta Executive Management Meta® Financial Group SS J. Tyler Haahr, Chairman and Chief Executive Officer Tyler joined Meta in 1997. Previously, he was a partner with the law firm of Lewis and Roca LLP in Phoenix, AZ. He serves as the Secretary and as a member of the Board of Directors of LifeScape. T
Slide 7: Revenue Highlights
Revenue Highlights Meta®@ Financial Group Net Income ($MM) Net Income + Year-over-year growth of 84% from prior fiscal year + 4QFY46 net income totaled $6.0MM versus $4.6MM in 4QFY15 Mo me mo mo Earnings Profile + Sizable and rapidly growing non-interest income * Opportunity for net interest margin
Slide 8: Earning Asset Mix & Net Interest Margin
Earning Asset Mix & Net Interest Margin Meta® Financial Group —Net Interest Margin 1.56% — tr Avg 10 Year Treasury 4Q14 1015-2015 3015 445-1016.) 24S) BQIG AQ 147% Earning Asset Mix* FY12 Fy14 Cumulative Loan growth Mortgage-Backed Securities Cumutative Mortgage-Backed Hi investment Securities Secur
Slide 9: Balance Sheet Overview - Assets
Balance Sheet Overview - Assets Meta® Financial Group (sc Total Assets (SMM) Fiscal year 2016 average assets grew 30% compared to fiscal year 2015 MSoemt * 4Q46 average assets grew 32% over the same quarter in 2015 24 8x 30% YoY total loan growth driven by increasesin Residential scsi Compaindaonat
Slide 10: Asset Quality
Meta® Asset Quality Financial Group Very strong asset quality + NPAs are at 0.03% of total assets, a small fraction of bank industry average? No NPAs within the Payments segment Continue to purchase high-quality investments within certain sectors of the municipal market + Many of these new purchases
Slide 11: Balance Sheet Overview - Liabilities
Balance Sheet Overview - Liabilities Meta® Financial Group I (ss Deposits* (SMM) 0.60% _ 0.26% son Historical Low Cost of Funds ‘Average Cost of Funds in 4016 + Issuance of $75MM of Subordinated Debt was the bow driver for the increase in cost of funds over 4QFY15 at MFG, however, MetaBank’scost of
Slide 12: Capital Management
Capital Management Meta® Financial Group Capital enhancement history Regulatory Capital Ratios ‘At September 30, 2016 * $26.4 million and $14.7 million private placements nets Financia supporting Refund Advantage acquisition and other Gases growth in 2015-16 1 Metaeenic * 2014-45 Atthe-Market (ATM)
Slide 13: Infrastructure
Infrastructure Meta® Financial Group Early adopter of sophisticated compliance systems Investments in MPS program design, training and technology High competi Implemented enhanced BSA/AML technology Enhanced infrastructure supports growth These prior investments allow more focus on growing current b
Slide 14: Interest Rate Risk Management
Interest Rate Risk Management Meta® Financial Group Pos Other Comprehensive Income volatile relative to peers * We believe GAAP understates balance sheet true value, particularly low-cost deposits * Meta MTM of ~50% of assets available for sale (securities) vs. typical “peer” at ~15-20% * $46.7 mill
Slide 15: Industry Recognition
Industry Recognition Meta®@ Financial Group Bank Director ?NILSQN #1 Top Growth Bank (May 2016) fay Ree o bt op Gro’ an! jay &SNACHA Tuinnacttninaue —-SCONA largest prepaid card issuerin the U.S. ranked by Top 50 of ACH originators in 2015 purchase volume (2015) Top 30 of ACH receivers in 2015 AMERI
Slide 16: Appendix
Meta® Financial Group Appendix Fourth Quarter 2016 | NASDAQ: CASH 16
Slide 17: Income Statement
Income Statement Meta®@ Financial Group Fiscal Year Ended September 30, Three Months Ended September 30, ($000's) Net Interest Income 36,022 46,262 59,220 77,305 15,703 19,893 26.7% Non-Interest Income 55,503 51,738 58,174 100,770 15,106 19,228 27.3% Total Revenue $91,525 $98,000 $117,394 $178.075 $
Slide 18: Balance Sheet
Balance Sheet Meta® Financial Group Fiscal Year Average Fiscal Quarter Average Meta Financial Group 2013 2014 2015 2016 15 016 |% Change (sm™M) 7 93 420 52 a1 St Cash And Cash Equivalents “37.0% Investments and MBS 4,214 4,291 1471 1,966 1534 2,076» 35.3% Loans Receivable, Net 337 435 612 804 684 90