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Dec 31, 2024
Meta Q1 2025 Earnings Report
Reported net income for the first quarter of fiscal year 2025.
Key Takeaways
Pathward Financial, Inc. reported a strong start to fiscal 2025 with a net income of $31.4 million, or $1.29 per share, for the three months ended December 31, 2024. The company completed the sale of its insurance premium finance business and debt securities, optimizing its balance sheet. Total revenue increased by 7% year-over-year, driven by growth in both net interest income and noninterest income.
Completed the sale of the insurance premium finance business and subsequent sale of debt securities to optimize the balance sheet.
Extended two contracts with large, existing partners in Partner Solutions.
Started tax season with 12% more enrolled tax offices than last year.
Net interest margin increased 61 basis points to 6.84%.
Meta
Meta
Forward Guidance
The company did not provide specific forward guidance in this earnings report.