Meta Q3 2024 Earnings Report

Reported net income of $41.8 million, an increase of 7% in total revenue, and a net interest margin of 6.56%.

Key Takeaways

Pathward Financial, Inc. reported a solid financial performance for the third quarter of fiscal year 2024, with increased total revenue and net interest income. The company's strategic focus on balance sheet management and product evolution drove positive results, despite a decrease in noninterest income.

Net income reached $41.8 million, or $1.66 per share.

Total revenue increased by 7% to $176.7 million.

Net interest margin (NIM) rose by 38 basis points to 6.56%.

Total gross loans and leases increased to $4.61 billion.