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Mar 31, 2023
Meta Q2 2023 Earnings Report
Pathward generated solid results driven by net interest margin expansion and higher non-interest income.
Key Takeaways
Pathward Financial, Inc. reported a net income of $54.8 million, or $1.99 per share, for the quarter ended March 31, 2023. Total revenue was $228.4 million, an 18% increase compared to the same quarter in fiscal 2022. The company reaffirms its fiscal year 2023 GAAP earnings per diluted share guidance of $5.55 to $5.95.
Net income for the quarter was $54.8 million, or $1.99 per share, compared to $49.3 million, or $1.66 per share, for the same period last year.
Total revenue for the quarter was $228.4 million, an increase of 18% year-over-year.
Net interest margin increased 132 basis points to 6.12% for the quarter.
The Company reaffirms fiscal year 2023 GAAP earnings per share guidance of $5.55 to $5.95.
Meta
Meta
Forward Guidance
The Company reaffirms fiscal year 2023 GAAP earnings per share guidance and continues to expect it to be in the range of $5.55 to $5.95. When adjusting for gain on sale of trademarks and rebrand related expenses, the Company expects fiscal year 2023 adjusted earnings per share to be in the range of $5.40 to $5.80.