Meta Q3 2020 Earnings Report

Reported net income for the 2020 fiscal third quarter.

Key Takeaways

Meta Financial Group, Inc. reported a net income of $18.2 million, or $0.53 per diluted share, for the three months ended June 30, 2020. Total revenue for the fiscal 2020 third quarter was $103.2 million, compared to $110.8 million for the same quarter in fiscal 2019.

Net income for the 2020 fiscal third quarter was $18.2 million, or $0.53 per diluted share.

Average deposits from the payments divisions increased nearly 131% to $6.32 billion when compared to the same quarter in fiscal 2019.

Total revenue for the fiscal 2020 third quarter was $103.2 million, compared to $110.8 million for the same quarter in fiscal 2019.

Net interest income for the fiscal 2020 third quarter was $62.1 million, compared to $67.0 million in the comparable quarter in fiscal 2019.