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. (CASH) provides essential banking and payment solutions through its consumer lending, commercial finance, and corporate services segments. This news hub offers investors and stakeholders direct access to verified corporate announcements and financial developments.
Track official press releases covering quarterly earnings, strategic partnerships, product innovations, and regulatory updates. Our curated collection ensures timely access to material information affecting Pathward's market position in community banking and national payment processing.
Key updates across three core areas: Consumer Finance (partner lending programs), Commercial Solutions (business financing initiatives), and Corporate Developments (strategic growth moves). All content is sourced from official channels to maintain accuracy and compliance.
Bookmark this page for streamlined monitoring of Pathward's operational milestones. Combine this resource with SEC filings and earnings call transcripts for comprehensive analysis of the company's financial trajectory.
Pathward Financial (CASH) reported a net income of $27.8 million, equating to $0.98 per share for Q1 FY2023, down from $61.3 million or $2.00 per share in the same quarter last year. Adjusted net income fell slightly to $23.2 million from $24.0 million. Revenue decreased by 5% to $149.8 million, impacted by prior year gains on trademark sales, despite a 17% increase in net interest income due to rising interest rates. Total loans dropped 5% year-over-year to $3.51 billion. The company anticipates FY2023 GAAP EPS in the range of $5.55-$5.95.
Pathward Financial (CASH) will release its financial results for Q1 2023 on January 25, 2023, after market close. A conference call is scheduled for 4:00 PM CST (5:00 PM EST) to discuss these results. Participants can join by telephone or via a webcast on Pathward's Investor Relations website. Pathward Financial aims to enhance financial inclusion through its Banking as a Service and Commercial Finance operations, providing comprehensive support to both individuals and businesses.
The holiday shopping season is highlighted by consumers intending to allocate up to 46% of their gifting budget on gift cards, as revealed by Blackhawk Network research. Giftcards.com offers innovative options, including Choice gift cards that feature multiple retailers and customizable values from
The One4all gift card has been launched by Blackhawk Network, offering flexibility with acceptance at over 100 retailers in the U.S. for gifts and self-use. The card is fee-free with no expiration and allows users to split the value among multiple brands. Prices range from $20 to $500. This product aims to cater to the growing demand for multi-store gift cards, which have been the most requested holiday gift for 16 years. The card is available for purchase at Giftcards.com and selected retailers nationwide.
Pathward Financial (CASH) has announced a cash dividend of $0.05 per share for Q1 2023. The dividend will be payable on January 2, 2023, to shareholders on record as of December 8, 2022. As of September 30, 2022, the company reported total assets of $6.75 billion and shareholders’ equity of $645.1 million. The company is committed to enhancing financial inclusion through its Banking as a Service and Commercial Finance lines.
Pathward Financial announces that Sonja Theisen will succeed Glen Herrick as Chief Financial Officer, effective April 30, 2023. Theisen, currently EVP of Governance, Risk & Compliance, has been with Pathward since 2013, holding various leadership roles. Herrick, who served as CFO for over a decade, contributed significantly to the company’s growth, increasing its market capitalization from $150 million in 2013 to over $1 billion. Both executives emphasize a smooth transition and continued focus on the company’s mission of Financial Inclusion for All.
Pathward Financial (CASH) reported strong fiscal 2022 results, with a net income of $156.4 million, or $5.26 per diluted share, reflecting growth from $141.7 million in fiscal 2021. The fourth quarter net income reached $23.4 million, or $0.81 per share, improving from $15.9 million in the same quarter last year. A notable gain of $50 million was recognized from the sale of Meta names. Despite a 2% decline in total loans year-over-year, the company remains optimistic about fiscal 2023, projecting earnings per share between $5.25 and $5.75.
Pathward™, N.A. announced survey results revealing that while fintech companies recognize their corporate purpose, 60% have defined it only recently. Conducted among senior fintech executives at Money20/20 USA, the survey indicates that external factors like inflation and labor shortages challenge the focus on this purpose. Executives believe a committed purpose drives trust and reliability in partnerships. Pathward’s long-standing dedication to financial inclusion could position it favorably in the evolving fintech landscape.
Propel Holdings Inc. has partnered with Pathward to provide innovative consumer lending solutions through a new lending as a service (LaaS) model. This five-year agreement positions Propel as Pathward's primary fintech partner, enhancing access to credit for underserved consumers. Propel's proprietary technology will facilitate various services, including customer acquisition and loan management. The partnership is expected to be economically beneficial, contributing to revenue and net income in 2023, with growth anticipated into 2024.
Pathward Financial, Inc. (Nasdaq: CASH) will announce its financial results for the fourth quarter of fiscal year 2022 on October 27, 2022, after market close. A conference call and earnings webcast will take place at 4:00 p.m. CDT to discuss the results. Interested participants can join the call by dialing 1-844-200-6205 (International: +1-929-526-1599) and using access code 372192. The webcast will be available on Pathward Financial’s Investor Relations website and can be replayed for one year.
