Pathward Financial Q2 revenue rises driven by card, deposit fees growth

Pathward Financial

22/04/2026 21:18

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)