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Pathward Financial, Inc. - CASH STOCK NEWS

Welcome to our dedicated page for Pathward Financial news (Ticker: CASH), a resource for investors and traders seeking the latest updates and insights on Pathward Financial stock.

Pathward Financial, Inc. (NASDAQ: CASH) is a unitary savings and loan holding company and a full-service banking subsidiary of Meta Financial. Operating under the brand name Pathward®, Pathward Financial is both a community-focused financial institution and a nationwide payments company. It serves its diverse clientele through three main segments: Consumer, Commercial, and Corporate Services/Other, with the majority of its revenue stemming from the Consumer segment.

Pathward® N.A., a national bank and a subsidiary of Pathward Financial, Inc., plays a significant role in enhancing financial inclusion across the United States. The company aims to empower both individuals and businesses by providing increased financial availability, choice, and opportunities via its strategic business lines - Banking as a Service and Commercial Finance.

Recently, Pathward Financial has bolstered its position in the financial technology sector through key partnerships. A notable collaboration includes supporting Finix, a payments technology provider, in the launch of Finix Payouts, a new product designed to streamline business-to-business payments. This partnership aims to simplify and expedite the money transfer process for businesses of all sizes by leveraging Mastercard Send™ and Visa Direct for rapid payouts.

Pathward’s collaboration with Finix showcases its commitment to innovation and financial accessibility. This initiative allows the company to offer enhanced services like real-time bank account validation, flexible payment maximums, and embedded compliance, which are crucial for businesses needing efficient payment solutions. By integrating technologies that facilitate quick, secure, and reliable money movement, Pathward Financial enhances its service offerings and strengthens its market position.

Furthermore, Pathward Financial’s strategic focus includes expanding its community-oriented services while leveraging technological advancements to meet the evolving needs of its customers. By combining traditional banking services with cutting-edge payment solutions, Pathward aims to provide comprehensive support to its customers, including individuals and businesses, thus promoting financial inclusivity and empowerment.

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Pathward Financial, Inc. reported net income of $35.9 million for Q3 2023, compared to $23.4 million in Q3 2022. For the fiscal year ended September 30, 2023, net income was $163.6 million, compared to $156.4 million in the previous year. The company recognized return on average assets of 2.33% for FY 2023. CEO Brett Pharr stated that the company focused on operations and increased net income by 5%. They are raising their guidance for fiscal year 2024 to a range of $6.20 - $6.70.
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Pathward Financial, Inc. will release financial results for Q4 and fiscal year 2023 on October 25, 2023.
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Pathward Financial, Inc. appoints Greg Sigrist as EVP, CFO-designee
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Natonya Harbison, Director of Diversity, Equity, Inclusion and Community Impact at Pathward, received the DEI Outstanding Leader Award from the American Bankers Association.
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Pathward Financial, Inc. announces cash dividend of $0.05 per share for Q4 2023 and share repurchase program
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Pathward Financial, Inc. celebrates a transformative 12 months marked by new branding, strategic partnerships, and environmental initiatives. The company aims to provide financial inclusion and mobility for the unbanked and underbanked.
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Pathward® N.A. Releases 2022 ESG Report, Affirming Commitment to Financial Inclusion for All™
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Pathward Financial, Inc. (Nasdaq: CASH) will release its financial results for Q3 of fiscal year 2023 on July 26, 2023, after market close. The company will host a conference call and earnings webcast to discuss the results. The webcast can be accessed from Pathward Financial's Investor Relations website. Telephone participants can access the conference call by dialing 1-833-470-1428. The webcast replay will be available on the company's website for one year.
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Clair, a fintech company, has raised $175 million in funding to launch a free, on-demand pay solution for front-line workers. The program allows workers to take wage advances from Pathward, an FDIC-insured bank. Clair also offers FDIC-insured Spending and Savings Accounts. The funding includes an additional $25 million in equity. Clair plans to use the funding to expand its team and accelerate adoption among hourly workers. The company's mobile banking app helps customers avoid overdraft fees and payday lenders. Employers using Clair include EverView, Viking Ranges, and SanStone Health & Rehabilitation.
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FAQ

What is the current stock price of Pathward Financial (CASH)?

The current stock price of Pathward Financial (CASH) is $82.9 as of November 22, 2024.

What is the market cap of Pathward Financial (CASH)?

The market cap of Pathward Financial (CASH) is approximately 2.1B.

What is Pathward Financial, Inc.?

Pathward Financial, Inc. is a unitary savings and loan holding company and a full-service banking subsidiary of Meta Financial. It operates under the brand name Pathward®.

What services does Pathward Financial, Inc. provide?

Pathward Financial offers a variety of financial services through its Consumer, Commercial, and Corporate Services/Other segments. These include traditional banking services and nationwide payment solutions.

What is the primary revenue segment for Pathward Financial?

The majority of Pathward Financial's revenue is generated from its Consumer segment.

How does Pathward Financial promote financial inclusion?

Pathward Financial promotes financial inclusion by providing increased financial availability, choice, and opportunities through its Banking as a Service and Commercial Finance lines.

What notable partnerships has Pathward Financial entered?

Pathward has partnered with Finix to support the launch of Finix Payouts, a product aimed at streamlining business-to-business payments using technologies like Mastercard Send™ and Visa Direct.

What is Finix Payouts?

Finix Payouts is a standalone product launched by Finix, supported by Pathward Financial, to help businesses efficiently send money at scale through a single developer-friendly API.

What benefits does Finix Payouts offer?

Finix Payouts offers benefits such as 24/7 card payout availability, real-time bank account validation, flexible payment maximums, embedded compliance, and reliable reporting.

What strategic focus does Pathward Financial have?

Pathward Financial focuses on expanding community-oriented services while leveraging technology to meet customer needs, thus promoting financial inclusivity and empowerment.

What is the role of Pathward® N.A.?

Pathward® N.A., a national bank and subsidiary of Pathward Financial, is focused on enhancing financial inclusion in the U.S. by supporting individuals and businesses through various financial services.

Where can I learn more about Pathward Financial's services?

You can learn more about Pathward Financial's services by visiting their official website at www.pathward.com.

Pathward Financial, Inc.

Nasdaq:CASH

CASH Rankings

CASH Stock Data

2.05B
24.43M
1.51%
94.82%
6.91%
Banks - Regional
National Commercial Banks
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United States of America
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