10-Q · February 5, 2026
For Q1 2026, Pathward Financial reported revenue of $175 million, down 7.0% year-over-year, and a diluted EPS of $1.57, up 27.6% from the prior year. Gross margin was stable at 98.9%, while operating margin decreased…
Earnings analysis · 10-Q
CASH earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
For Q2 2026, Pathward Financial reported a revenue increase of 9% YoY to $276.3 million and EPS of $3.35, marking an increase from $3.14 in Q2 2025. Noninterest income growth was robust, particularly in card and deposit…
Read full summary
For Q2 2026, Pathward Financial reported a revenue increase of 9% YoY to $276.3 million and EPS of $3.35, marking an increase from $3.14 in Q2 2025. Noninterest income growth was robust, particularly in card and deposit fees rising 22% and tax-related fees growing 18%. However, net interest income decreased 8% due to declines in interest income from the consumer finance portfolio following asset sales.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $3.35
What stood out
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Revenue Growth of 9% YoY
Total revenue for Q2 2026 was $276.3 million, a 9% increase from $254.7 million in Q2 2025.
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EPS Beat with $3.35
Reported EPS was $3.35, up from $3.14 in the same quarter last year.
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Strong Noninterest Income Growth
Noninterest income jumped 9% to $151.2 million, driven by a 22% increase in card and deposit fees.
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Increased Loan Originations
New loan originations increased significantly from $902 million to $1.31 billion year-over-year.
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Controlled Noninterest Expenses
Noninterest expense decreased 3% to $143.5 million compared to $148.2 million in Q2 2025.
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Improved Asset Ratios
Annualized return on average assets was 3.56% with return on average tangible equity at 54.41%.
What to watch
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Provision for Credit Losses Increased
The provision for credit losses for Q2 2026 was $45.6 million, up from $35.3 million in Q2 2025.
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Decrease in Net Interest Income
Net interest income fell 8% YoY to $125.1 million due to lower interest earnings on consumer finance.
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Increase in Nonperforming Assets
Total nonperforming assets rose to $119.8 million, representing 1.68% of total assets, up from 1.42%.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-K · November 25, 2025
Pathward Financial positions itself as a partner-centric payments and commercial finance bank organized around two business lines (Partner Solutions and Commercial Finance) and three reportable segments (Consumer,…
10-Q · September 16, 2025
Pathward Financial reported quarter (three months ended June 30, 2025) revenue of $195,755 (in thousands), up $7,134 (+3.8%) versus the prior-year quarter, and diluted EPS of $1.81, up $0.03 versus $1.78. Operating…
10-K · November 26, 2024
Pathward Financial positions itself as a nationwide payments and commercial finance platform built around two strategic business lines: Partner Solutions (payments, prepaid/debit issuing, tax services) and Commercial…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.