Overview

* Pathward Financial ( CASH ) fiscal Q3 revenue rises 4%, beating analyst expectations

* Net income for fiscal Q3 declines slightly to $42.1 mln

* Co repurchased 603,780 shares, reflecting shareholder value strategies

Result Drivers

* NONINTEREST INCOME - Revenue growth driven by increased noninterest income, including secondary market revenue and tax services product fee income

* EARNING ASSET MIX - Improved earning asset mix led to a higher net interest margin, despite a decrease in net interest income

* TAX SERVICES REVENUE - 16% increase in tax services product revenue, driven by higher tax product fee income and refund advance fee income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $195.80 $185.10

Revenue mln mln (2

Analysts

)

Q3 Net $42.10

Income mln

Q3 Net $122.30

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for Pathward Financial Inc ( CASH ) is $88.00, about 8.9% above its July 25 closing price of $80.20

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)