NASDAQ$CASH
Meta Financial Group Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Pathward generated solid results driven by net interest margin expansion and higher non-interest income.
Pathward Financial, Inc. reported a net income of $54.8 million, or $1.99 per share, for the quarter ended March 31, 2023. Total revenue was $228.4 million, an 18% increase compared to the same quarter in fiscal 2022. The company reaffirms its fiscal year 2023 GAAP earnings per diluted share guidance of $5.55 to $5.95.
- Net income for the quarter was $54.8 million, or $1.99 per share, compared to $49.3 million, or $1.66 per share, for the same period last year.
- Total revenue for the quarter was $228.4 million, an increase of 18% year-over-year.
- Net interest margin increased 132 basis points to 6.12% for the quarter.
- The Company reaffirms fiscal year 2023 GAAP earnings per share guidance of $5.55 to $5.95.
Headline financials
Revenue & EPS history
Meta · Revenue · Quarterly
$228M
Revenue by segment
Meta · $55.2M total across 5 segments · Q1 2023
- Card and deposit fees$37.7M—68.4%
- Rental income$12.7M—23.0%
- Other income$3.56M—6.4%
- Refund transfer product fees$677K—1.2%
- Gain on sale of other$502K—0.9%
Forward guidance
The Company reaffirms fiscal year 2023 GAAP earnings per share guidance and continues to expect it to be in the range of $5.55 to $5.95. When adjusting for gain on sale of trademarks and rebrand related expenses, the Company expects fiscal year 2023 adjusted earnings per share to be in the range of $5.40 to $5.80.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+1.2%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+3.4%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+20.5%
Q4 2020
Best reaction
-18.5%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +0.7% | -9.6% | -16.0% | |
| Q1 2026 | +7.1% | -3.0% | -2.7% | |
| Q4 2025 | -0.0% | -2.2% | -2.2% | |
| Q2 2025 | +6.0% | +6.9% | +3.8% | |
| Q1 2025 | -0.6% | +2.6% | +2.7% | |
| Q4 2024 | -4.0% | -3.7% | +13.4% | |
| Q3 2024 | +4.9% | +4.1% | +3.1% | |
| Q2 2024 | +4.3% | +1.5% | +8.9% | |
| Q1 2024 | +1.1% | +3.0% | -2.5% | |
| Q4 2023 | +7.5% | +6.7% | +16.1% | |
| Q3 2023 | -5.8% | -7.7% | -13.8% | |
| Q2 2023 | +7.9% | +10.1% | +15.2% | |
| Q1 2023 | +7.8% | +7.3% | +12.2% | |
| Q4 2022 | +6.6% | +5.9% | +13.2% | |
| Q3 2022 | -18.5% | -20.2% | -18.5% | |
| Q2 2022 | -2.9% | -4.4% | -7.5% | |
| Q1 2022 | -1.5% | +3.4% | -3.9% | |
| Q4 2021 | -10.7% | -6.5% | +0.1% | |
| Q3 2021 | +3.5% | +0.3% | +2.7% | |
| Q2 2021 | +10.3% | +8.3% | +15.7% | |
| Q1 2021 | +3.5% | +3.7% | +16.1% | |
| Q4 2020 | +20.5% | +23.2% | +45.7% | |
| Q3 2020 | +5.5% | +0.8% | +0.9% | |
| Q2 2020 | -7.7% | +1.9% | -1.7% | |
| Q1 2020 | +1.5% | +1.5% | -11.3% | |
| Q4 2019 | -9.6% | -9.3% | -2.0% | |
| Q3 2019 | +10.9% | +8.8% | +12.4% | |
| Q2 2019 | +14.3% | +13.1% | +20.7% | |
| Q1 2019 | +9.0% | +6.0% | +7.0% | |
| Q4 2018 | +6.5% | +5.6% | -4.6% | |
| Q3 2018 | -5.3% | -6.7% | -11.0% | |
| Q2 2018 | -8.2% | -9.5% | +0.8% | |
| Q1 2018 | +12.7% | +5.5% | +4.5% | |
| Q4 2017 | +4.0% | +3.5% | +10.7% | |
| Q3 2017 | -0.9% | -23.4% | -25.4% | |
| Q2 2017 | -4.4% | -6.0% | -2.9% | |
| Q1 2017 | -15.3% | -6.3% | -14.0% | |
| Q4 2016 | +5.9% | +5.2% | +35.8% | |
| Q3 2016 | +4.0% | +3.6% | +11.5% | |
| Q2 2016 | +7.2% | — | — | |
| Q1 2016 | +15.7% | — | — | |
| Q4 2015 | +3.7% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | -4.1% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | +0.1% | — | — | |
| Q3 2014 | -3.3% | — | — | |
| Q2 2014 | -4.2% | — | — | |
| Q1 2014 | -3.1% | — | — | |
| Q4 2013 | -5.8% | — | — | |
| Q3 2013 | +7.1% | — | — | |
| Q2 2013 | -1.7% | — | — | |
| Q1 2013 | +1.6% | — | — | |
| Q4 2012 | -2.1% | — | — | |
| Q3 2012 | -3.2% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2011 | +12.9% | — | — | |
| Q1 2012 | -5.0% | — | — | |
| Q2 2011 | +6.8% | — | — | |
| Q4 2009 | +6.8% | — | — | |
| Q4 2011 | +6.8% | — | — | |
| Q3 2010 | -13.8% | — | — | |
| Q4 2010 | -13.8% | — | — | |
| Q3 2011 | -13.8% | — | — | |
| Q2 2010 | +12.5% | — | — |
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