Pathward Financial Stock Price, News & Analysis

Pathward Financial, Inc. (Nasdaq: CASH) has been awarded 'Best Banking as a Service Solution Provider' in the 9th annual FinTech Breakthrough Awards program for 2025. Through its subsidiary Pathward N.A., the company provides various payment solutions including prepaid and debit issuing, merchant acquiring, digital payment, and consumer lending solutions.

The recognition comes among 4,500 global nominations, highlighting Pathward's 20+ years of experience in delivering configurable financial services through retailers and consumer-facing businesses. Will Sowell, Pathward Divisional President of Partner Solutions, emphasized their commitment to providing scalable, compliant solutions for partners.

The company's BaaS capabilities focus on empowering payment innovators and increasing financial access for consumers and businesses. Their expertise includes seasoned operational excellence, stable governance, and a deep commitment to partnership and co-creation in the fintech space.

Pathward (CASH) has achieved Great Place To Work Certification™ for the third consecutive year, with 84% of employees rating it as a great workplace - 27 points above the U.S. company average.

Key survey highlights reveal strong employee satisfaction:

• 93% say new employees feel welcome
• 94% appreciate flexible time-off policies
• 92% feel positive about community contributions
• 90% believe in management's ethical business practices

The company has implemented several employee-focused improvements, including enhanced parental leave benefits and the introduction of transparent job descriptions. Pathward recently held its first Dare to Be Great Summit in Atlanta, featuring career development discussions and wellness program initiatives. According to Great Place To Work research, certified workplaces show significantly higher employee satisfaction metrics, including 67% higher likelihood of looking forward to work and 89% higher likelihood of fair profit sharing.

Pathward Financial (Nasdaq: CASH) has announced a quarterly cash dividend of $0.05 per share for the second fiscal quarter of 2025. The dividend will be paid on April 1, 2025 to shareholders of record as of March 13, 2025.

The company reported total assets of $7.62 billion and shareholders' equity of $776.4 million as of December 31, 2024.

Pathward Financial, Inc. (Nasdaq: CASH) has appointed Anjana Berde as Executive Vice President and Chief People and Culture Officer. Reporting to CEO Brett Pharr, Berde brings over 30 years of human resource experience to the financial empowerment company.

In her new role, Berde will lead Pathward's People and Culture department, overseeing recruiting, talent development, employee benefits, and information systems. She joins from Accion Opportunity Fund, where she served as Chief People Officer. Her previous experience includes positions at MUFG Union Bank, N.A., community banking, residential construction firms, Digital Equipment , and Intel

Pathward, a Great Place to Work® certified™ company, emphasizes its commitment to financial inclusion through its collaborative employee base nationwide.

On.Energy has secured $77.6 million in construction credit facilities from Pathward and BridgePeak Energy Capital to develop its 160 MWh Palo de Agua battery storage portfolio across Texas. The company currently operates 80 MWh of assets in Houston and plans to activate over 2 GWh of battery energy storage by 2028 across California, Texas, and Mexico.

The deal represents a significant expansion, tripling On.Energy's installed and in-construction asset base across the United States. The company has also reported doubling its integration revenues from 2023 to 2024. The financing comes as Texas reaches a milestone in 2024, with solar power generating more electricity than coal for the first time in the state's history.

Pathward has completed partnership agreements with key independent tax software providers for the 2025 tax season through its tax brands, EPS Financial and Refund Advantage. The company secured a three-year extension with Drake Software and maintains partnerships with major providers including CrossLink, Intuit, TaxSlayer Pro, and others.

The company provides tax refund payment processing, taxpayer advance loans, tax office loans, prepaid cards, and merchant services solutions. Their Pay by Refund programs enable tax filers to pay preparation fees with refund proceeds while simplifying payments for professionals.

According to IRS data, 161 million individual tax returns were filed in 2024, with 85 million filed electronically by tax professionals. The total refunds processed were 103 million, representing $310 billion. Pathward processes billions in tax refunds annually through its network of independent tax professionals.

Pathward Financial (CASH) reported Q1 FY2025 net income of $31.4 million ($1.29 per share), up from $27.7 million ($1.06 per share) in Q1 FY2024. Total revenue increased 7% to $173.5 million.

Key developments include the sale of their insurance premium finance business for $603.3 million plus a $31.2 million premium, resulting in a $16.4 million pre-tax gain. This gain was largely offset by a $15.7 million loss from selling $160.6 million in debt securities.

Net interest margin increased to 6.84% from 6.23% year-over-year. Total gross loans and leases reached $4.56 billion, up $136.4 million from December 2023. The Company repurchased 701,860 shares at an average price of $74.05 during Q1 FY2025.

Pathward Financial (Nasdaq: CASH) has announced it will release its first quarter fiscal 2025 financial results on Tuesday, January 21, 2025, after market close. The company will host a conference call and earnings webcast with a presentation at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on the same day.

Investors can access the live webcast through Pathward Financial's Investor Relations website at www.pathwardfinancial.com. For telephone participants, the conference call can be accessed by dialing 1-833-470-1428 approximately 10 minutes before start time using access code 228214. The webcast replay will be available on the company's website for one year.

Breach Inlet Capital, a top 10 shareholder of Daktronics (DAKT) with nearly 2% ownership, has issued a public letter expressing concerns about the company's board and supporting fellow shareholder Alta Fox. The letter criticizes several issues including: delayed CFO search announcement following a going concern notice, late disclosure of consultant hiring, and vague financial targets. The firm points out that management and board members have sold approximately $19 million in stock (35% of holdings) in the past six months.

Breach Inlet Capital proposes immediate changes including board declassification, appointment of four shareholder-nominated directors, separation of CEO and Chairman roles, and restructuring of executive compensation. The letter also highlights the board's rejection of Glen Herrick, a qualified candidate for both board and CFO positions, suggesting potential entrenchment issues.