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Mar 31, 2022
Meta Q2 2022 Earnings Report
Meta Financial Group reported net income for the fiscal second quarter of 2022 and announced a name change to Pathward Financial.
Key Takeaways
Meta Financial Group reported a net income of $49.3 million, or $1.66 per share, for the three months ended March 31, 2022. Total revenue for the quarter was $193.6 million, a 3% increase compared to the same quarter in fiscal 2021.
Net income was $49.3 million, or $1.66 per share, compared to $59.1 million, or $1.84 per share, for the three months ended March 31, 2021.
Total revenue increased by 3% to $193.6 million compared to the same quarter in fiscal 2021.
Net interest income increased by $10.0 million to $83.8 million compared to the second quarter last year.
The company announced it is changing its name to Pathward Financial, Inc.
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CapyFin.com Forward Guidance
The Company expects taxpayer advance volumes to return to more normalized levels in the 2023 tax season, absent further stimulus or additional changes to tax credit payments.