Pathward Financial Inc - Understand $cash stock

$CASH Market Cap: $2.037 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$586.8M

TTM

Gross Margin

Net Earnings

$166.8M

TTM

Current Assets

Current Liabilities

$801.3M

Q3 2024

Current Ratio

Total Assets

$7.549B

Q3 2024

Total Liabilities

$6.709B

Q3 2024

Book Value

$839.9M

Q3 2024

Cash

P/E

12.21

Nov 13, 2024 EST

Free Cash Flow

$197.3M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Revenue		$704.5M	$601.1M	$549.9M	$498.8M	$486.8M	$158.5M	$108.1M	$81.40M	$61.61M	$48.66M
YoY Change		17.19%	9.32%	10.24%	2.48%	207.03%	46.65%	32.81%	32.12%	26.61%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$704.5M	$601.1M	$549.9M	$498.8M	$486.8M	$158.5M	$108.1M	$81.40M	$61.61M	$48.66M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$11.10M	$11.30M	$9.600M	$9.200M	$8.600M	$5.700M	$5.500M	$5.400M	$4.600M	$3.500M	$21.10M	$20.30M	$9.800M	$11.40M	$6.000M	$3.200M	$2.600M	$3.000M	$3.000M	$4.400M	$3.400M	$2.200M	$900.0K	$1.500M	$1.800M	$1.000M	$1.100M	$900.0K	$700.0K	$700.0K	$300.0K	-$300.0K
YoY Change	-1.77%	17.71%	4.35%	6.98%	50.88%	3.64%	1.85%	17.39%	31.43%	-83.41%	3.94%	107.14%	-14.04%	90.0%	87.5%	23.08%	-13.33%	0.0%	-31.82%	29.41%	54.55%	144.44%	-40.0%	-16.67%	80.0%	-9.09%	22.22%	28.57%	0.0%	133.33%	-200.0%	-76.92%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Interest Expense	$10.87M	$4.872M	$6.863M	$33.80M	$61.52M	$27.99M	$14.87M	$4.091M	$2.387M	$2.398M
YoY Change	123.19%	-29.01%	-79.7%	-45.06%	119.84%	88.16%	263.55%	71.39%	-0.46%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Pretax Income	$198.8M	$182.1M	$187.3M	$156.4M	$115.0M	$97.94M	$57.41M	$55.15M	$38.82M	$19.42M	$18.62M	$17.10M	$26.80M	$8.300M	$19.80M	-$2.000M	-$2.800M	$2.500M	$5.000M	-$1.100M	$6.000M	$5.100M	$3.100M	$2.900M	$3.900M	$4.500M	$4.800M	$6.100M	$4.100M	$5.900M	$3.900M	$2.700M	$1.600M
YoY Change	9.15%	-2.77%	19.73%	36.03%	17.42%	70.6%	4.1%	42.06%	99.88%	4.32%	8.88%	-36.19%	222.89%	-58.08%	-1090.0%	-28.57%	-212.0%	-50.0%	-554.55%	-118.33%	17.65%	64.52%	6.9%	-25.64%	-13.33%	-6.25%	-21.31%	48.78%	-30.51%	51.28%	44.44%	68.75%	45.45%
Income Tax	$29.14M	$16.32M	$27.96M	$10.70M	$5.661M	-$3.374M	$5.117M	$10.23M	$5.602M	$1.368M	$2.906M	$3.700M	$9.700M	$3.600M	$7.400M	-$500.0K	-$1.000M	$1.200M	$1.700M	-$500.0K	$2.100M	$1.700M	$1.000M	$1.000M	$1.600M	$1.800M	$2.000M	$2.500M	$1.700M	$2.300M	$1.400M	$1.000M	$600.0K
% Of Pretax Income	14.66%	8.96%	14.93%	6.84%	4.92%	-3.44%	8.91%	18.55%	14.43%	7.04%	15.61%	21.64%	36.19%	43.37%	37.37%			48.0%	34.0%		35.0%	33.33%	32.26%	34.48%	41.03%	40.0%	41.67%	40.98%	41.46%	38.98%	35.9%	37.04%	37.5%
Net Earnings	$166.8M	$163.6M	$156.4M	$141.7M	$104.7M	$97.00M	$51.62M	$44.92M	$33.22M	$18.06M	$15.71M	$13.40M	$17.10M	$4.600M	$12.40M	-$1.500M	-$1.000M	$1.200M	$3.700M	-$900.0K	$4.000M	$3.400M	$2.200M	$1.900M	$2.300M	$2.600M	$2.800M	$3.600M	$2.400M	$3.500M	$2.700M	$1.400M	$1.000M
YoY Change	1.96%	4.62%	10.36%	35.32%	7.95%	87.92%	14.92%	35.21%	83.99%	14.9%	17.26%	-21.64%	271.74%	-62.9%	-926.67%	50.0%	-183.33%	-67.57%	-511.11%	-122.5%	17.65%	54.55%	15.79%	-17.39%	-11.54%	-7.14%	-22.22%	50.0%	-31.43%	29.63%	92.86%	40.0%	66.67%
Net Earnings / Revenue		23.23%	26.02%	25.77%	20.99%	19.93%	32.56%	41.55%	40.81%	29.31%	32.29%
Basic Earnings Per Share		$6.01	$5.26	$4.38	$2.94	$2.49	$1.68	$1.62	$1.31	$2.68	$2.57
Diluted Earnings Per Share	$6.62	$5.99	$5.350M	$4.38	$2.94	$2.49	$1.67	$1.61	$1.30	$2.66	$2.53	$792.9K	$1.644M	$494.6K	$1.378M	-$192.3K	-$128.2K	$151.9K	$486.8K	-$121.6K	$540.5K	$453.3K	$293.3K	$256.8K	$306.7K	$342.1K	$345.7K	$418.6K	$296.3K	$437.5K	$300.0K	$152.2K	$112.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$39.06M	$66.06M	$41.71M	$44.90M	$41.60M	$45.90M	$40.50M	$19.30M	$18.60M	$17.40M	$16.50M	$17.70M	$17.70M	$17.20M	$19.40M	$22.00M	$22.00M	$19.70M	$16.90M	$15.10M	$11.70M	$11.40M	$11.10M	$9.300M	$6.100M	$4.800M	$4.000M	$4.200M	$3.700M	$2.000M	$1.500M	$700.0K	$800.0K
YoY Change	-40.88%	58.38%	-7.1%	7.93%	-9.37%	13.33%	109.84%	3.76%	6.9%	5.45%	-6.78%	0.0%	2.91%	-11.34%	-11.82%	0.0%	11.68%	16.57%	11.92%	29.06%	2.63%	2.7%	19.35%	52.46%	27.08%	20.0%	-4.76%	13.51%	85.0%	33.33%	114.29%	-12.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets				$25.20M	$17.70M	$18.90M	$18.70M	$9.100M	$0.00	$7.000M	$0.00	$15.40M						$35.80M	$40.30M
YoY Change				42.37%	-6.35%	1.07%	105.49%		-100.0%		-100.0%							-11.17%
Total Long-Term Assets
YoY Change
Total Assets	$7.549B	$7.536B	$6.747B	$6.691B	$6.092B	$6.183B	$5.835B	$5.228B	$4.006B	$2.530B	$2.054B	$1.692B	$1.649B	$1.276B	$1.030B	$834.8M	$710.2M	$686.1M	$740.9M	$775.8M	$780.8M	$772.3M	$607.6M	$523.2M	$505.6M	$511.2M	$418.4M	$404.6M	$388.0M	$264.2M	$274.1M	$160.8M	$171.0M
YoY Change
Accounts Payable				$600.0K	$1.900M	$9.400M	$7.800M	$2.300M	$900.0K	$300.0K	$300.0K	$300.0K	$200.0K	$200.0K	$400.0K	$400.0K	$600.0K	$800.0K	$900.0K	$900.0K	$500.0K	$500.0K	$700.0K	$900.0K	$1.000M	$900.0K	$800.0K	$1.100M	$1.300M	$800.0K	$800.0K	$100.0K	$200.0K
YoY Change				-68.42%	-79.79%	20.51%	239.13%	155.56%	200.0%	0.0%	0.0%	50.0%	0.0%	-50.0%	0.0%	-33.33%	-25.0%	-11.11%	0.0%	80.0%	0.0%	-28.57%	-22.22%	-10.0%	11.11%	12.5%	-27.27%	-15.38%	62.5%	0.0%	700.0%	-50.0%
Accrued Expenses	$424.3M	$248.9M	$200.2M	$210.4M	$165.4M	$130.7M	$133.8M	$78.10M	$48.30M	$36.80M	$14.30M	$16.60M	$73.60M	$20.00M	$14.70M	$12.20M	$12.10M	$4.700M	$4.200M	$900.0K	$2.100M	$1.400M	$1.000M	$1.000M	$1.400M	$1.000M	$1.100M	$1.400M	$3.200M	$900.0K	$800.0K	$900.0K	$400.0K
YoY Change	70.49%	24.3%	-4.85%	27.21%	26.55%	-2.32%	71.32%	61.7%	31.25%	157.34%	-13.86%	-77.45%	268.0%	36.05%	20.49%	0.83%	157.45%	11.9%	366.67%	-57.14%	50.0%	40.0%	0.0%	-28.57%	40.0%	-9.09%	-21.43%	-56.25%	255.56%	12.5%	-11.11%	125.0%
Deferred Revenue
YoY Change
Short-Term Debt	$377.0M	$13.00M			$0.00	$646.0M	$425.8M	$1.405B	$1.095B	$544.0M	$480.4M	$199.1M	$26.40M	$8.100M	$8.900M	$31.70M	$5.300M	$200.0K	$15.20M	$20.50M	$42.90M	$57.70M	$70.20M	$2.000M	$4.300M	$3.000M	$4.600M	$4.700M	$4.200M	$1.200M	$900.0K	$2.400M	$2.800M
YoY Change	2800.0%				-100.0%	51.71%	-69.68%	28.25%	101.31%	13.24%	141.29%	654.17%	225.93%	-8.99%	-71.92%	498.11%	2550.0%	-98.68%	-25.85%	-52.21%	-25.65%	-17.81%	3410.0%	-53.49%	43.33%	-34.78%	-2.13%	11.9%	250.0%	33.33%	-62.5%	-14.29%
Long-Term Debt Due			$603.0K
YoY Change
Total Short-Term Liabilities	$801.3M	$261.9M	$200.8M	$211.0M	$167.3M	$140.1M	$141.6M	$80.40M	$49.20M	$37.10M	$14.60M	$16.90M	$73.80M	$20.20M	$15.10M	$12.60M	$12.70M	$5.500M	$5.100M	$1.800M	$2.600M	$1.900M	$1.700M	$1.900M	$2.400M	$1.900M	$1.900M	$2.500M	$4.500M	$1.700M	$1.600M	$1.000M	$600.0K
YoY Change	206.0%	30.4%	-4.83%	26.12%	19.41%	-1.06%	76.12%	63.41%	32.61%	154.11%	-13.61%	-77.1%	265.35%	33.77%	19.84%	-0.79%	130.91%	7.84%	183.33%	-30.77%	36.84%	11.76%	-10.53%	-20.83%	26.32%	0.0%	-24.0%	-44.44%	164.71%	6.25%	60.0%	66.67%
Long-Term Debt	$33.35M	$33.87M	$36.03M	$92.80M	$98.20M	$105.8M	$89.00M	$85.50M	$85.50M	$12.50M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$10.30M	$9.800M	$0.00	$10.00M	$10.00M	$10.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-1.53%	-5.98%	-61.18%	-5.5%	-7.18%	18.88%	4.09%	0.0%	584.0%	21.36%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	5.1%		-100.0%	0.0%	0.0%
Other Long-Term Liabilities									$0.00	$300.0K	$300.0K	$300.0K	$1.700M	$3.600M	$4.000M	$4.300M	$4.300M	$30.90M	$37.70M
YoY Change									-100.0%	0.0%	0.0%	-82.35%	-52.78%	-10.0%	-6.98%	0.0%	-86.08%	-18.04%
Total Long-Term Liabilities	$33.35M	$33.87M	$36.03M	$92.80M	$98.20M	$105.8M	$89.00M	$85.50M	$85.50M	$12.80M	$10.60M	$10.60M	$12.00M	$13.90M	$14.30M	$14.60M	$14.60M	$41.20M	$48.00M	$9.800M	$0.00	$10.00M	$10.00M	$10.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-1.53%	-5.98%	-61.18%	-5.5%	-7.18%	18.88%	4.09%	0.0%	567.97%	20.75%	0.0%	-11.67%	-13.67%	-2.8%	-2.05%	0.0%	-64.56%	-14.17%	389.8%		-100.0%	0.0%	0.0%
Total Liabilities	$6.709B	$6.884B	$6.102B	$5.820B	$5.248B	$5.343B	$5.091B	$4.794B	$3.671B	$2.258B	$1.879B	$1.549B	$1.503B	$1.195B	$957.7M	$787.4M	$664.5M	$638.0M	$695.8M	$732.9M	$733.5M	$729.3M	$563.1M	$479.5M	$465.6M	$471.4M	$376.1M	$361.1M	$344.8M	$226.2M	$239.4M	$127.4M	$156.1M
YoY Change	-2.53%	12.81%	4.85%	10.89%	-1.77%	4.95%	6.2%	30.57%	62.57%	20.18%	21.32%	3.06%	25.78%	24.77%	21.63%	18.5%	4.15%	-8.31%	-5.06%	-0.08%	0.58%	29.52%	17.43%	2.99%	-1.23%	25.34%	4.15%	4.73%	52.43%	-5.51%	87.91%	-18.39%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	26.83M shares	29.23M shares	31.73M shares	34.83M shares	37.93M shares	30.74M shares	27.74M shares	25.49M shares	6.792M shares	6.113M shares
Diluted Shares Outstanding	26.93M shares	29.23M shares	31.75M shares	34.83M shares	37.97M shares	30.85M shares	27.91M shares	8.481M shares	6.795M shares	6.198M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.0369 Billion

About Pathward Financial Inc

Pathward Financial, Inc. operates as a financial holding company, which provides savings and loan services. The company is headquartered in Sioux Falls, South Dakota and currently employs 1,192 full-time employees. The firm's subsidiary is Pathward, National Association (the Bank). The Bank operates through three segments: Consumer, Commercial, and Corporate Services/Other. The Consumer segment includes the banking as a service (BaaS) business line, which collaborates with partners to navigate payment and lending needs. The Bank's capabilities range from prepaid cards and deposit accounts to payment processing and consumer lending. The Bank offers a variety of installment and revolving consumer lending products through its credit solutions. The Commercial segment offers a variety of products through its working capital, equipment finance, structured finance and insurance premium finance lending solutions. The Corporate Services/Other segment includes certain shared services as well as treasury related functions, such as the investment portfolio, warehouse finance, wholesale deposit, and borrowings.

Industry: National Commercial Banks Peers: Allegiance Bancshares, Inc. Amerant Bancorp Inc Brookline Bancorp Inc ConnectOne Bancorp Inc Origin Bancorp Inc Premier Financial Corp (OHIO) Heritage Financial Corp QCR Holdings Inc PNC Financial Services Group Inc