Revenue: As of FY2026 Q1, the actual value is USD 173.1 M.EPS: As of FY2026 Q1, the actual value is USD 1.57, beating the estimate of USD 1.38.EBIT: As of FY2026 Q1, the actual value is USD -76.68 M.米塔金融 (Pathward Financial, Inc.) reported key financial and operational metrics for the first quarter of fiscal year 2026.<h4>Earnings and Profitability</h4><ul><li>Net income for the three months ended December 31, 2025, was $35.2 million, an increase from $30.0 million for the same period in the prior year, representing a 17% increase .</li><li>Return on Average Assets (ROAA) for Q1 FY2026 was 1.87%, compared to 1.61% in the prior year period .</li><li>Return on Average Tangible Equity (ROATE) for Q1 FY2026 was 26.72%, compared to 25.45% in the prior year period .</li></ul><h4>Revenue and Income</h4><ul><li>Total revenue for the first quarter of fiscal 2026 was $173.1 million .</li><li>Total Revenue (GAAP) for the last twelve months ended December 31, 2025, was $830.367 million .</li><li>Net interest income for Q1 FY2026 was $119.3 million, marking a 5% decrease compared to $125.3 million in Q1 FY2025 .</li><li>Noninterest income for Q1 FY2026 decreased by 6% to $53.8 million, compared to $57.4 million for the same period of the prior year . Noninterest income represented 31% of year-to-date total revenue in FY2026 .</li><li>The Net Interest Margin (NIM) for Q1 FY2026 was 6.95%, down from 7.38% in the prior year . Including contractual, rate-related processing expense, NIM was 5.61% in fiscal Q1 2026, compared to 5.95% in fiscal Q1 2025 .</li><li>Servicing fee income on custodial deposits totaled $3.4 million in Q1 2026, down from $4.5 million in the prior year period .</li></ul><h4>Expenses</h4><ul><li>Noninterest expense was $127.2 million for Q1 FY2026, a marginal decrease from $127.8 million in the same quarter last year .</li><li>Contractual, rate-related processing expense was $23.8 million in fiscal Q1 2026, compared to $25.6 million in fiscal Q1 2025 .</li><li>Income tax expense for fiscal Q1 2026 was $7.2 million, with an effective tax rate of 16.9%, up from $6.0 million and an effective tax rate of 16.6% in the prior year’s first quarter .</li><li>The Efficiency Ratio for the last twelve months ended December 31, 2025, was 67.38% .</li></ul><h4>Loan Originations and Portfolio</h4><ul><li>New loan originations increased to $1.89 billion during Q1 FY2026, from $1.38 billion in the prior year quarter .</li><li>Total gross loans and leases were $4,982.9 million at December 31, 2025, compared to $4,565.9 million at December 31, 2024, representing a 9% increase .</li><li>Commercial finance loans, representing 83% of the portfolio, increased by $530.5 million, or 15%, year-over-year to $4.15 billion .</li></ul><h4>Deposits</h4><ul><li>Average total deposits for fiscal Q1 2026 increased by $92.6 million to $6.17 billion, compared to the same period in fiscal 2025 .</li><li>Total end-of-period deposits decreased by 3% to $6,350.4 million at December 31, 2025, from $6,519.0 million at December 31, 2024 .</li><li>Custodial deposits were $1.0 billion as of December 31, 2025, compared to $840 million as of December 31, 2024 .</li></ul><h4>Asset Quality</h4><ul><li>The Allowance for Credit Losses (ACL) totaled $58.8 million at December 31, 2025, an increase from $53.3 million at September 30, 2025, but a decrease from $74.3 million at December 31, 2024 .</li><li>The Company recognized a provision for credit losses of $3.2 million for Q1 2026, a decrease from $18.7 million in the comparable prior year period .</li><li>Net recoveries were $2.2 million for Q1 2026, contrasting with net charge-offs of $16.3 million in Q1 2025 .</li><li>Nonperforming assets (NPAs) were $111.5 million (1.47% of total assets) at December 31, 2025, compared to $37.5 million (0.49% of total assets) at December 31, 2024 .</li><li>Nonperforming loans and leases were $109.1 million (2.15% of total gross loans and leases) at December 31, 2025, up from $35.2 million (0.76%) at December 31, 2024 .</li><li>ACL as a percentage of total loans and leases was 1.18% for Q1 FY2026, a 45 basis point decrease from the prior year .</li><li>Annualized adjusted net charge-offs were 0.02% of average loans in Q1 FY2026 .</li></ul><h4>Segment-Specific Metrics (Q1 FY2026 Quarterly Yield and Balance)</h4><ul><li>Equipment Finance: Quarterly Yield of 7.64%, with a balance of $637.0 million .</li><li>Working Capital Finance: Quarterly Yield of 12.05%, with a balance of $843.2 million .</li><li>Structured Finance: Quarterly Yield of 7.17%, with a balance of $2,488.5 million .</li><li>Consumer Finance: Quarterly Yield of 18.84%, with a balance of $132.1 million .</li><li>Warehouse Finance: Quarterly Yield of 8.94%, with a balance of $641.7 million .</li></ul><h4>Capital and Liquidity (as of December 31, 2025)</h4><ul><li>米塔金融 (Pathward Financial, Inc.) had a Tier 1 Leverage Ratio of 9.51%, Common Equity Tier 1 of 12.02%, Tier 1 Capital of 12.26%, and Total Capital of 13.67% .</li><li>Pathward, N.A. had a Tier 1 Leverage Ratio of 9.84%, Common Equity Tier 1 of 12.67%, Tier 1 Capital of 12.67%, and Total Capital of 13.73% .</li><li>Total liquidity sources amounted to $3,656 million, including $331 million in Cash and Cash Equivalents, $35 million in Unpledged Investment Securities, $902 million in FHLB Borrowing Capacity, $192 million in Funds Available through Fed Discount Window, $1,150 million from Unsecured Funding Providers, and $1,046 million in Custodial Deposit Balances Held at Other Banks .</li></ul><h4>Outlook / Guidance</h4>米塔金融 (Pathward Financial, Inc.) provided fiscal year 2026 guidance, projecting Earnings Per Share (EPS) to be between $8.55 and $9.05 . This guidance assumes no additional rate cuts during the year and an effective tax rate of 18% to 22%, also including expected share repurchases .

Pathward Fin | 8-K: FY2026 Q1 Revenue: USD 173.1 M