Overview

• Pathward Financial Q4 revenue grows 4% but misses analyst expectations

• Net income for fiscal Q4 rises to $38.8 mln, EPS at $1.69

• Company repurchased 180,740 shares

Outlook

• Company did not provide specific financial guidance for future quarters or fiscal year

Result Drivers

• NONINTEREST INCOME - 13% increase in noninterest income primarily drove revenue growth in Q4

• CONSUMER FINANCE PORTFOLIO - Sequential decrease in loans due to the company moving $144.1 million of its held for investment consumer finance portfolio to held for sale

• NONINTEREST EXPENSE - 9% increase driven by higher legal, consulting, and impairment expenses

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Pathward Financial Inc is $88.00, about 18.2% above its October 20 closing price of $71.98

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw8mV4kva

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)