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Mar 31, 2024
Meta Q2 2024 Earnings Report
Reported strong financial results driven by focus on risk-adjusted returns and Banking as a Service offerings.
Key Takeaways
Pathward Financial, Inc. reported a strong second quarter for fiscal year 2024, with significant growth in net income and earnings per share. Total revenue increased by 8% compared to the same quarter in fiscal 2023, driven by both net interest income and noninterest income.
Net income increased to $65.3 million, or $2.56 per share, compared to $54.8 million, or $1.99 per share, for the three months ended March 31, 2023.
Total revenue for the second quarter was $247.2 million, up 8% year-over-year.
Net interest margin increased 11 basis points to 6.23%.
The Company is narrowing its fiscal year 2024 GAAP earnings per diluted share guidance to a range of $6.30 to $6.60.
Meta
Meta
Meta Revenue by Segment
Revenue by Segment
Commercial Finance Revenue
CapyFin.comConsumer Finance Revenue
CapyFin.comTax Services Revenue
CapyFin.comWarehouse Finance Revenue
CapyFin.com Forward Guidance
The Company is narrowing its fiscal year 2024 GAAP earnings per diluted share guidance to a range of $6.30 to $6.60.
Revenue & Expenses
Visualization of income flow from segment revenue to net income