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.
Meta Financial Group (CASH) will release its fourth quarter fiscal 2021 financial results on October 27, 2021, post-market. A conference call is scheduled for 4:00 p.m. CT the same day, with access via phone or webcast available on their Investor Relations website. The replay will be accessible for one year. The firm is focused on promoting financial inclusion through its subsidiary, MetaBank, providing innovative financial products to enhance economic mobility.
Meta Financial Group, Inc. (Nasdaq: CASH) announced a new share repurchase program allowing the buyback of up to 6,000,000 shares by September 30, 2024. This follows the current program, which has repurchased nearly 6 million shares since its inception. Chairman Douglas J. Hajek expressed confidence in the company's growth trajectory and the strategic nature of the repurchase, which reflects strong business momentum. The actual timing and volume of repurchases will depend on various market factors and the company's assessment of capital uses.
Meta Financial Group (Nasdaq: CASH) announces the retirement of President and CEO Brad Hanson, effective September 30, 2021, as he pursues entrepreneurial and philanthropic ventures. Brett Pharr, currently Co-President and COO of MetaBank, will succeed him as CEO, while Anthony Sharett will become President. The transition aims to maintain continuity, with Hanson remaining as a Strategic Advisor until the end of 2022. The leadership change reflects confidence in the company's future, highlighted by a new share repurchase program.
Meta Financial Group (CASH) announced a cash dividend of $0.05 per share for Q4 2021, payable on October 1, 2021, to shareholders who are on record as of September 9, 2021.
As of June 30, 2021, the Company reported total assets of $7.05 billion and shareholders' equity of $876.6 million.
Meta Financial Group (CASH) reported a net income of $38.7 million ($1.21 per share) for Q3 2021, up from $18.2 million ($0.53 per share) in Q3 2020. Total revenue rose to $130.9 million, an increase of $27.7 million year-over-year, driven by refund transfer product fees and card fee income from government programs. The operating efficiency ratio improved to 61.75% while net interest income reached $68.5 million, a 10% increase over the previous year. However, total gross loans decreased to $3.50 billion from $3.65 billion in Q2 2021.
Meta Financial Group, Inc. (Nasdaq: CASH) will release its third quarter fiscal 2021 financial results on July 28, 2021, after market close. The company will hold a conference call at 4:00 p.m. CT to discuss these results. Interested parties can attend via a live webcast on Meta's Investor Relations website. Investors can access the call by dialing in 10 minutes prior, with an international option available. A replay of the call will be hosted on the website for one year. For more details, visit www.metafinancialgroup.com.
MetaBank, N.A. announced the promotion of Christopher Soupal to President of the Commercial Finance Division, reporting to Co-President Brett Pharr. With over 20 years of finance experience, Soupal will oversee diverse aspects of Commercial Finance including Crestmark and AFS/IBEX divisions. He previously led the Government Guaranteed Lending unit and contributed to significant growth in niche lending sectors. Soupal aims to provide flexible financing solutions to support client growth, ensuring MetaBank's commitment to financial enablement.
Meta Financial Group (Nasdaq: CASH) released its inaugural 2020 Environmental, Social and Governance (ESG) Report, underscoring its commitment to financial inclusion and high governance standards. The report focuses on five pillars: governance, customers, employees, community, and environment, detailing efforts such as distributing $6.42 billion in Economic Impact Payments and supporting over 20,000 jobs through the Paycheck Protection Program. The company aims to enhance community engagement and align its corporate vision with ESG priorities.
Porte has launched the "Porte Pays Off Your Student Debt" Sweepstakes to assist individuals burdened by student loans. The initiative targets legal residents of the U.S. and D.C. aged 18+, holding a minimum of $2,500 in federal student loans. The grand prize of $28,950 aims to alleviate financial pressures, with additional prizes of $5,000 and $2,500 for runners-up. Participants must enter by June 14, 2021, and create a Porte account to claim winnings. Porte, developed by Populus Financial Group, offers mobile banking services designed to enhance financial freedom and include high-yield savings options.
Meta Financial Group, Inc. (Nasdaq: CASH) announced a cash dividend of $0.05 per share for Q3 2021, payable on July 1, 2021, to shareholders of record by June 10, 2021. As of March 31, 2021, the company reported total assets of $9.79 billion and shareholders' equity of $835.3 million. This strategic move reflects the company's commitment to returning value to its shareholders amidst a robust financial standing.
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