Loading...
•
Sep 30, 2021
Meta Q4 2021 Earnings Report
Reported net income of $15.9 million, or $0.50 per share, for the three months ended September 30, 2021.
Key Takeaways
Meta Financial Group reported a net income of $15.9 million, or $0.50 per share, for the fourth quarter of fiscal year 2021, compared to $13.2 million, or $0.38 per share, for the same quarter last year. The increase was primarily driven by higher net interest income, payments fee income and $4.1 million in other income related to the MoneyLion valuation.
Total revenue for the fourth quarter was $120.2 million, an increase of $14.9 million compared to the same quarter in fiscal 2020.
Net interest income for the fourth quarter was $70.7 million, an increase of $6.2 million compared to $64.5 million in the fourth quarter last year.
Total gross loans and leases at September 30, 2021 increased $293.7 million, to $3.61 billion, or 9%, compared to September 30, 2020.
Announced a new share repurchase program and during the 2021 fiscal fourth quarter repurchased 234,297 shares, at an average price of $51.18.
Meta
Meta
Forward Guidance
As we start the new fiscal year, our Banking-as-a-Service pipeline has never been stronger and we will continue to advance our mission of financial inclusion for all®.