Pathward Financial, Inc. operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. It operates through three segments: Consumer, Commercial, and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, and money market savings accounts. It also provides commercial finance product comprising term lending, asset-based lending, factoring, lease financing, insurance premium finance, government guaranteed lending, and other commercial finance products; installment and revolving consumer lending products; tax services, which includes short-term refund advance loans and short-term electronic return originator advance loans; and warehouse financing services. In addition, the company offers payment solutions, such as acceptance, processing, and settlement of credit card and debit card payments, financial processing services for freestanding ATMs; digital payments; and merchant services, as well as issues debit and prepaid cards. The company was formerly known as Meta Financial Group, Inc. and changed its name to Pathward Financial, Inc. in July 2022. Pathward Financial, Inc. was founded in 1954 and is based in Sioux Falls, South Dakota.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $674M | - | $186M | $237M | 21.7% | 4.0% | 1.4% |
| 2024 | $648M | - | $183M | $212M | 22.3% | 7.8% | 27.9% |
| 2023 | $601M | - | $143M | $-122M | 23.1% | 15.8% | -5.2% |
| 2022 | $519M | - | $151M | $-149M | 23.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 518.52 | 600.59 | 647.67 | 673.63 |
| Pretax Income | 180.30 | 155.04 | 218.62 | 223.05 |
| Tax Provision | 26.20 | 9.59 | 34.11 | 36.27 |
| Net Income | 151.13 | 143.27 | 183.22 | 185.87 |
| Net Income Common Stockholders | 148.66 | 141.12 | 181.54 | 185.18 |
| Interest Expense | 4.87 | 10.87 | 21.23 | 11.60 |
| Interest Income | 329.44 | 421.95 | 519.06 | 523.39 |
| Selling General And Administration | 171.13 | 184.32 | 201.47 | 200.50 |
| Normalized Income | 114.26 | 134.84 | 180.06 | 173.92 |
| Market Cap | 1,877.68 | 1,877.68 | 1,877.68 | 1,877.68 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Pathward Financial, Inc.this co. | CASH | $2.1B | 10.10 | 2.19 | 21.7% | - |
| Slide Insurance Holdings, Inc. | SLDE | $2.1B | 5.06 | 2.05 | 39.9% | 1.96 |
| Enterprise Financial Services Corp | EFSC | $2.1B | 10.86 | 1.08 | 9.9% | - |
| Kemper Corporation | KMPR | $2.0B | 13.47 | 0.72 | 5.3% | - |
| OFG Bancorp | OFG | $2.0B |
| 9.38 |
| 1.38 |
| 14.8% |
| - |
| Skyward Specialty Insurance Group, Inc. | SKWD | $2.0B | 11.00 | 1.80 | 16.8% | 6.94 |
| Banco Latinoamericano de Comercio Exterior, S. A. | BLX | $2.0B | 8.77 | 1.19 | 13.5% | - |
| Patria Investments Limited | PAX | $2.0B | 18.34 | 3.19 | 14.6% | 12.28 |
| Perella Weinberg Partners | PWP | $2.0B | 45.57 | -11.23 | 13.6% | - |
| Peer Median | - | 10.93 | 1.29 | 14.1% | 6.94 | |