Welcome to our dedicated page for Pathward Financial news (Ticker: CASH), a resource for investors and traders seeking the latest updates and insights on Pathward Financial stock.
Pathward Financial, Inc. (CASH) provides essential banking and payment solutions through its consumer lending, commercial finance, and corporate services segments. This news hub offers investors and stakeholders direct access to verified corporate announcements and financial developments.
Track official press releases covering quarterly earnings, strategic partnerships, product innovations, and regulatory updates. Our curated collection ensures timely access to material information affecting Pathward's market position in community banking and national payment processing.
Key updates across three core areas: Consumer Finance (partner lending programs), Commercial Solutions (business financing initiatives), and Corporate Developments (strategic growth moves). All content is sourced from official channels to maintain accuracy and compliance.
Bookmark this page for streamlined monitoring of Pathward's operational milestones. Combine this resource with SEC filings and earnings call transcripts for comprehensive analysis of the company's financial trajectory.
Jackson Hewitt Tax Service has launched nearly 3,000 in-office locations and introduced two new financial products: Early Refund Advance and No Fee Refund Advance. The Early Refund Advance allows clients to access up to $700, a $200 increase from last year. The No Fee Refund Advance offers loans between $500 and $4,000, starting on January 2, 2021. Both advances are 0% APR loans from MetaBank, ensuring clients can receive funds quickly to alleviate financial stress during the holiday season.
On December 3, 2020, Blackhawk Network and MetaBank launched the Game On card, a payment card for sports betting funding now available in New Jersey and Pennsylvania. This card allows users to easily deposit funds into accounts with major sportsbooks like FanDuel and DraftKings. Research indicates a growing interest in sports betting, with the market expected to expand significantly. The Game On card addresses consumer demand for secure, private funding options while supporting responsible spending controls. The card can be purchased at local retailers or online.
Meta Financial Group, Inc. (Nasdaq: CASH) announced a cash dividend of $0.05 per share for the first fiscal quarter of 2021. The dividend will be payable on January 4, 2021, to shareholders of record as of December 10, 2020. As of September 30, 2020, the company reported total assets of $6.09 billion and shareholders’ equity of $847.3 million.
Securus Technologies and JPay launched the paySupreme™ prepaid Mastercard®, aimed at providing affordable financial services to users, especially those supporting incarcerated individuals. The card allows transactions anywhere Mastercard® is accepted and includes beneficial features like an optional interest-bearing savings account. Users can access discounts on money transfers through JPay. Key benefits include no activation fees, free identity theft monitoring, and 24/7 customer service. The prepaid card is issued by MetaBank and aligns with the goal of enhancing financial stability for consumers.
GiftCards.com has expanded its digital gift card offerings in response to the increasing trend of online shopping, especially during the holiday season. New options include multi-store cards like Happy Cards, Giving Good, and Choice Cards, allowing recipients to choose from various retailers. A study shows 60% of consumers plan to shop online, with 52% likely purchasing more gift cards this year. The customizable egifts range from $25 to $500 with no fees or expiration dates, enabling easy online redemption.
Meta Financial Group (CASH) reported a net income of $13.2 million for the fourth quarter of 2020, down from $20.2 million year-over-year. For fiscal 2020, net income reached a record $104.7 million, representing an EPS of $2.94, an 18% increase from 2019. Average deposits surged 121% to $5.82 billion due to the Economic Impact Payment program. However, total gross loans and leases fell 9% to $3.31 billion from the previous year. Net interest margin decreased to 3.77%, reflecting excess cash from the EIP program and a lower interest rate environment.
Meta Financial Group (Nasdaq: CASH) will release its fourth quarter and fiscal year 2020 financial results on October 28, 2020, after market close. A conference call and earnings webcast will follow at 4:00 p.m. Central Time. Interested parties can access the live call by dialing (844) 461-9934. The results will be discussed in detail during the call, which is expected to provide insights into the company’s performance over the fiscal year. More information is available on Meta’s Investor Relations website.
Blackhawk Network has launched its Giving Good™ Cards, enabling consumers to purchase gift cards that support charitable organizations. Each card, available nationwide, allows users to choose from popular brands, with values ranging from $20 to $500 and no fees. For each card purchased, 3% of its loaded value is donated to charities like Feeding America and Make-A-Wish. This initiative aims to meet the rising demand for charitable giving during the pandemic, with 70% of surveyed consumers interested in supporting those in need through gift cards.
MetaBank, a subsidiary of Meta Financial Group (CASH), announced the expansion of its faster payments platform by partnering with Finix and TabaPay. This enhancement aims to offer businesses multiple options for processing faster payments via Mastercard Send and Visa Direct. As part of its commitment to innovation, MetaBank aims to grow its faster payments solution across various disbursement categories. Research indicates that 66% of payment managers believe faster payments provide a competitive advantage, with potential savings of up to $6 per replaced check.
FAQ
What is the current stock price of Pathward Financial (CASH)?
What is the market cap of Pathward Financial (CASH)?
