Overview

• U.S. financial holding company reported fiscal Q2 revenue up yr/yr, driven by tax-related products

• Fiscal Q2 net income declined slightly from prior year

• Company repurchased 855,201 shares during the quarter

Outlook

• Company did not provide specific financial guidance for the current or upcoming periods

Result Drivers

• TAX-RELATED PRODUCTS - Revenue growth was primarily driven by higher income from tax-related products, including refund advances and increased fee income

• NONINTEREST INCOME - Noninterest income rose 9%, led by growth in card and deposit fees, refund advance and other tax fee income, and refund transfer product fees

• CONSUMER FINANCE PORTFOLIO SALE - Net interest income fell 8% due to lower interest income from the consumer finance portfolio, impacted by a portfolio sale in October 2025

Company press release: ID:nBw20P8YBa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue	Beat	$276.30 mln	$272.20 mln (2 Analysts)
Q2 EPS		$3.35
Q2 Net Income		$72.90 mln
Q2 Net Interest Income		$125.10 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 is $103.50, about 5.8% above its April 21 closing price of $97.79

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

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