Pathward Financial Reports Strong Q1 Performance with $31.4 Million Profit
Sioux Falls, SD - Pathward Financial, Inc. (CASH) announced its fiscal first-quarter results on Tuesday, reporting a net income of $31.4 million. The South Dakota-based bank recorded earnings per share of $1.29.
Revenue reached $176.6 million during the period, while revenue net of interest expense amounted to $173.5 million, exceeding analyst estimates. Pathward's stock has experienced a moderate increase of over 6% since the start of the year. By the end of Tuesday's trading session, shares reached $78.22, representing a 54% gain over the past twelve months.