Overview

* Pathward Financial ( CASH ) Q4 revenue grows 4% but misses analyst expectations

* Net income for fiscal Q4 rises to $38.8 mln, EPS at $1.69

* Company repurchased 180,740 shares

Outlook

* Company did not provide specific financial guidance for future quarters or fiscal year

Result Drivers

* NONINTEREST INCOME - 13% increase in noninterest income primarily drove revenue growth in Q4

* CONSUMER FINANCE PORTFOLIO - Sequential decrease in loans due to the company moving $144.1 million of its held for investment consumer finance portfolio to held for sale

* NONINTEREST EXPENSE - 9% increase driven by higher legal, consulting, and impairment expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Miss $186.7 $189.50

Revenue mln mln (2

Analysts

)

Q4 EPS $1.69

Q4 Net $38.80

Income mln

Q4 Net $128 mln

Interest

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 18.2% above its October 20 closing price of $71.98

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)