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Pathward Financial, Inc. CASH Provision for Credit Losses

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Segments

By segment

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Consumer-$6.41M-203%
Commercial$5.35M
Corporate Services/Other$43K+105%

Other financials

Income statement

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Revenue$189.6M-3.1%
Net income$29.0M-31.3%
EPS (diluted)$1.37-24.3%

Balance sheet

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Cash & equivalents$149.4M-42.2%
Total debt$223.8M+29.4%
Total equity$850.9M+3.9%
Total assets$7.3B+1.2%

Cash flow

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Operating cash flow$52.0M+71.1%
CapEx$3.4M+26.5%
Free cash flow$48.6M+75.4%

Valuation

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Market cap$1.86B+10.0%
Enterprise value$1.94B+20.5%
P/E10.6×+1.2×
P/S2.3×+0.2×

Profitability

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Net margin21.3%-0.4pp
FCF margin82.8%+49.5pp

Returns & leverage

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Return on equity21.1%-2.0pp
Debt / equity0.3×+0.1×

Where this comes from

Reported directly by Pathward Financial, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForLoanLossesExpensed.

The source filing: Pathward Financial, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:16 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000907471-26-000034
(Dollars in thousands, except per share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Nine Months Ended June 30, 2026Nine Months Ended June 30, 2025
FHLB advances and other borrowings9809924,1364,963
1,1201,2798,75610,110
Net interest income112,913122,313357,375383,842
Provision for credit loss28,3099,27877,15563,205
Net interest income after provision for credit loss84,604113,035280,220320,637
Noninterest income:
Refund transfer product fees11,2099,84646,35342,919
Refund advance and other tax fee income69630758,34149,416

Item 1. Financial Statements.

FAQ

What is Pathward Financial, Inc.'s provision for credit losses?
Pathward Financial, Inc. (CASH) reported provision for credit losses of $28.31M in Q2 2026.
How has Pathward Financial, Inc.'s provision for credit losses changed year-over-year?
Pathward Financial, Inc.'s provision for credit losses increased by 205.1% year-over-year, from $9.28M to $28.31M.
What is the long-term trend for Pathward Financial, Inc.'s provision for credit losses?
Over 4 years (2021 to 2025), Pathward Financial, Inc.'s provision for credit losses has grown at a 3.3% compound annual growth rate (CAGR), from $49.77M to $56.77M.
What does provision for credit losses mean?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

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