Pathward Financial FY26 Q3 net income falls 31% to $29 million
CASH•Fiscal Q3 results
- Pathward Financial posted fiscal Q3 net income of $29 million, or $1.37 per diluted share, down from $42.1 million and $1.81 a year earlier.
- Net interest income fell 8% to $112.9 million; net interest margin narrowed to 6.59% from 7.43% a year earlier.
Credit losses and charges
- Provision for credit losses more than doubled to $28.3 million.
- Net charge-offs rose to $16 million, with $15.9 million tied to commercial finance.
Noninterest income and expense
- Noninterest income increased 4% to $76.7 million.
- Noninterest expense dropped 7% to $129.1 million.
