CASH earnings analysis
What we found in CASH's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 9% YoY
- Total revenue for Q2 2026 was $276.3 million, a 9% increase from $254.7 million in Q2 2025.
- EPS Beat with $3.35
- Reported EPS was $3.35, up from $3.14 in the same quarter last year.
- Strong Noninterest Income Growth
- Noninterest income jumped 9% to $151.2 million, driven by a 22% increase in card and deposit fees.
- Increased Loan Originations
- New loan originations increased significantly from $902 million to $1.31 billion year-over-year.
- Controlled Noninterest Expenses
- Noninterest expense decreased 3% to $143.5 million compared to $148.2 million in Q2 2025.
- Improved Asset Ratios
- Annualized return on average assets was 3.56% with return on average tangible equity at 54.41%.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- Decrease in Net Interest Income
- Net interest income fell 8% YoY to $125.1 million due to lower interest earnings on consumer finance.
- Increase in Nonperforming Assets
- Total nonperforming assets rose to $119.8 million, representing 1.68% of total assets, up from 1.42%.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $3.35
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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