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Dec 31, 2022
Meta Q1 2023 Earnings Report
Reported net income of $27.8 million, or $0.98 per share, and raised fiscal 2023 GAAP EPS guidance range to $5.55-$5.95.
Key Takeaways
Pathward Financial, Inc. reported a net income of $27.8 million, or $0.98 per share, for the first fiscal quarter of 2023. Total revenue was $149.8 million. The company raised its fiscal year 2023 GAAP earnings per share guidance to a range of $5.55 to $5.95.
Net income for the quarter was $27.8 million, or $0.98 per share.
Total revenue for the first quarter was $149.8 million, a decrease of 5% compared to the same quarter in fiscal 2022.
Net interest margin increased 103 basis points to 5.62% for the first quarter.
The company expects fiscal year 2023 GAAP earnings per share to be in the range of $5.55 to $5.95.
Meta
Meta
Forward Guidance
The Company expects fiscal year 2023 GAAP earnings per share to be in the range of $5.55 to $5.95. When adjusting for gain on sale of trademarks, rebrand related expenses, and separation related expenses, the Company expects fiscal year 2023 adjusted earnings per share to be in the range of $5.40 to $5.80.