Pathward Financial, Inc. reported a strong start to fiscal year 2026 with net income of $35.2 million, or $1.57 per share, for the first quarter. This represents an increase from $30.0 million, or $1.23 per share, in the same period last year. The company saw solid growth in its core business, including increased interest income in commercial finance and higher core card and deposit fee income, while managing to keep expenses flat.
Net income for the first quarter of fiscal 2026 increased to $35.2 million, up from $30.0 million in the prior year period.
Diluted earnings per common share rose to $1.57, compared to $1.23 in the same quarter of the prior fiscal year.
Total revenue for the first quarter reached $173.1 million, with interest income on commercial finance loans increasing by $9.2 million.
The Company repurchased 651,804 shares of common stock at an average price of $72.07 during the quarter.
The Company is optimistic about delivering on its fiscal 2026 goals, which are expected to drive sustainable growth. They anticipate continued positive outcomes from strategies implemented in fiscal 2025.
Analyze how earnings announcements historically affect stock price performance