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Jun 30, 2025
Meta Q3 2025 Earnings Report
Pathward Financial reported its Q3 2025 earnings, posting a slight year-over-year dip in net income despite solid revenue growth driven by higher noninterest income.
Key Takeaways
Pathward delivered stable performance in Q3 2025 with revenue reaching $195.8 million and net income at $42.1 million. While net interest income held steady, growth was primarily fueled by increased noninterest income. The company maintained strong asset quality, despite a higher allowance for credit losses.
Total revenue rose to $195.8 million, up 4% from Q3 2024
Noninterest income increased to $73.4 million, driven by card and deposit fees, and secondary market revenue
Net interest margin improved to 7.43%, up from 7.26% in the prior year
Net income was $42.1 million, down slightly from $44.9 million in Q3 2024
Forward Guidance
The company remains optimistic but did not issue quantitative forward guidance due to pending restatements. Strategic execution and focus on partner-driven growth remain central.
Positive Outlook
- Strong NIM supported by balance sheet optimization
- Growth in noninterest income from diversified sources
- Stable loan growth in warehouse and commercial finance portfolios
- Low cost of deposits at 0.02%
- Maintained strong capital position
Challenges Ahead
- Slight year-over-year decline in net income
- Ongoing restatement of previous financials may impact investor confidence
- Higher noninterest expense due to legal and consulting costs
- Decreased renewable energy lease activity
Historical Earnings Impact
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Avg. Return Before/After Earnings
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