Pathward Financial Unit Closes Asset Sale; FY 2025 Guidance Boosted

MT Newswires Live

2024/11/02

Pathward Financial (CASH) said Friday its Pathward NA subsidiary closed the sale of its commercial insurance premium finance business to Honor Capital.

The buyer paid $603.3 million for the business based on the net asset value of the assets plus a $31.2 million premium.

The company also boosted guidance for fiscal 2025 GAAP earnings to a range of $7.25 to $7.75 per diluted share from $7.10 to $7.60

Three analysts polled by Capital IQ expect $7.67.

Price: 70.98, Change: +0.22, Percent Change: +0.31

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