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Dec 31, 2023
Meta Q1 2024 Earnings Report
Reported net income for the first quarter of fiscal year 2024, driven by net interest income growth.
Key Takeaways
Pathward Financial, Inc. reported a net income of $27.7 million, or $1.06 per share, for the three months ended December 31, 2023. Total revenue for the first quarter was $162.8 million, an increase of 9% compared to the same quarter in fiscal 2023.
Net income was $27.7 million, or $1.06 per share.
Total revenue increased by 9% to $162.8 million.
Net interest income grew by 31% compared to the prior year's quarter.
The company reiterated fiscal year 2024 GAAP earnings per diluted share guidance of $6.20 to $6.70.
Meta
Meta
Forward Guidance
The Company is reiterating fiscal year 2024 GAAP earnings per diluted share guidance of $6.20 to $6.70 and its annual effective tax rate in fiscal year 2024 to a range between 16% and 20%.