Revenue: As of FY2026 Q1, the actual value is USD 174.99 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.<h4>Segment Revenue</h4><ul><li>Consumer Segment Revenue decreased to $102,953 thousand for the three months ended December 31, 2025, from $114,664 thousand for the same period in 2024.</li><li>Commercial Segment Revenue increased to $70,429 thousand for the three months ended December 31, 2025, from $64,532 thousand for the same period in 2024.</li><li>Corporate Services/Other Segment Revenue was - $281 thousand for the three months ended December 31, 2025, compared to $3,433 thousand for the same period in 2024.</li></ul><h4>Operational Metrics</h4><h5>Net Interest Income (Expense)</h5><ul><li>Consumer Segment: Net interest income was $70,892 thousand in Q1 2025, a decrease from $81,063 thousand in Q1 2024.</li><li>Commercial Segment: Net interest income increased to $49,820 thousand in Q1 2025, from $43,293 thousand in Q1 2024.</li><li>Corporate Services/Other Segment: Net interest expense was - $1,374 thousand in Q1 2025, compared to net interest income of $895 thousand in Q1 2024.</li><li>Total Net Interest Income: Decreased to $119,338 thousand in Q1 2025 from $125,251 thousand in Q1 2024.</li></ul><h5>Provision for Credit Loss</h5><ul><li>Consumer Segment: Provision for credit loss decreased significantly to $2,724 thousand in Q1 2025, from $10,724 thousand in Q1 2024.</li><li>Commercial Segment: Provision for credit loss decreased to $510 thousand in Q1 2025, from $7,831 thousand in Q1 2024.</li><li>Corporate Services/Other Segment: Provision for credit loss was - $4 thousand in Q1 2025, compared to $106 thousand in Q1 2024.</li><li>Total Provision for Credit Loss: Decreased to $3,230 thousand in Q1 2025 from $18,661 thousand in Q1 2024.</li></ul><h5>Noninterest Income</h5><ul><li>Consumer Segment: Noninterest income decreased to $32,061 thousand in Q1 2025 from $33,601 thousand in Q1 2024.<ul><li>Refund transfer product fees were $355 thousand in Q1 2025, down from $410 thousand in Q1 2024.</li><li>Refund advance and other tax fee income was $131 thousand in Q1 2025, down from $459 thousand in Q1 2024.</li><li>Card and deposit fees increased to $29,949 thousand in Q1 2025 from $28,828 thousand in Q1 2024.</li></ul></li><li>Commercial Segment: Noninterest income decreased to $20,609 thousand in Q1 2025 from $21,239 thousand in Q1 2024.<ul><li>Rental income decreased to $11,381 thousand in Q1 2025 from $13,508 thousand in Q1 2024.</li><li>Secondary market revenue decreased to $4,157 thousand in Q1 2025 from $4,338 thousand in Q1 2024.</li></ul></li><li>Corporate Services/Other Segment: Noninterest income decreased to $1,093 thousand in Q1 2025 from $2,538 thousand in Q1 2024.</li><li>Total Noninterest Income: Decreased to $53,763 thousand in Q1 2025 from $57,378 thousand in Q1 2024.</li></ul><h5>Noninterest Expense</h5><ul><li>Consumer Segment: Noninterest expense decreased to $66,429 thousand in Q1 2025 from $70,237 thousand in Q1 2024.</li><li>Commercial Segment: Noninterest expense decreased to $39,064 thousand in Q1 2025 from $40,822 thousand in Q1 2024.</li><li>Corporate Services/Other Segment: Noninterest expense increased to $21,720 thousand in Q1 2025 from $16,738 thousand in Q1 2024.</li><li>Total Noninterest Expense: Decreased to $127,213 thousand in Q1 2025 from $127,797 thousand in Q1 2024.</li></ul><h5>Income (Loss) Before Income Tax Expense</h5><ul><li>Consumer Segment: Income before income tax expense was $33,800 thousand in Q1 2025, slightly up from $33,703 thousand in Q1 2024.</li><li>Commercial Segment: Income before income tax expense increased to $30,855 thousand in Q1 2025, from $15,879 thousand in Q1 2024.</li><li>Corporate Services/Other Segment: Loss before income tax expense increased to - $21,997 thousand in Q1 2025, from - $13,411 thousand in Q1 2024.</li><li>Total Income Before Income Tax Expense: Increased to $42,658 thousand in Q1 2025 from $36,171 thousand in Q1 2024.</li></ul><h4>Cash Flow from Operating Activities</h4><ul><li>Net cash provided by operating activities was $108,304 thousand for the three months ended December 31, 2025, a significant improvement from net cash used in operating activities of - $71,735 thousand for the same period in 2024.<ul><li>This change was driven by originations of loans held for sale of - $1,038,931 thousand (2025) vs. - $853,109 thousand (2024) and proceeds from sales of loans held for sale of $1,176,324 thousand (2025) vs. $618,432 thousand (2024).</li></ul></li></ul><h4>Unique Segment Metrics</h4><h5>Total Assets</h5><ul><li>Consumer Segment: Total assets were $476,771 thousand at December 31, 2025, down from $509,774 thousand at December 31, 2024.</li><li>Commercial Segment: Total assets increased to $4,577,774 thousand at December 31, 2025, from $4,086,116 thousand at December 31, 2024.</li><li>Corporate Services/Other Segment: Total assets decreased to $2,505,660 thousand at December 31, 2025, from $3,007,535 thousand at December 31, 2024.</li></ul><h5>Total Deposits</h5><ul><li>Consumer Segment: Total deposits were $6,115,003 thousand at December 31, 2025, down from $6,305,236 thousand at December 31, 2024.</li><li>Commercial Segment: Total deposits were $2,532 thousand at December 31, 2025, up from $1,439 thousand at December 31, 2024.</li><li>Corporate Services/Other Segment: Total deposits were $232,859 thousand at December 31, 2025, up from $212,278 thousand at December 31, 2024.</li></ul><h4>Future Outlook and Strategy</h4>Pathward Financial, Inc. is currently evaluating the impact of new Accounting Standards Updates (ASUs) on future fiscal years, including ASU 2024-03 effective in 2027 and ASU 2025-05 effective in 2026. Management continues to assess the loan and lease portfolio for the effects of economic uncertainty, inflation, geopolitical conflict, and increased interest rates on repayment and collateral, refining estimates as new information becomes available.

Pathward Fin | 10-Q: FY2026 Q1 Revenue: USD 174.99 M