PATHWARD FINANCIAL INC
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 8, 2024
CASH$76.55+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Financial Statements Condensed Consolidated Statements of Financial Condition as of December 31, 2023 and September 30,
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
Condensed Consolidated Statements of Financial Condition
| (Dollars in thousands, except per share data) | December 31, 2023 | September 30, 2023 |
|---|---|---|
| ASSETS | (Unaudited) | (Audited) |
| Cash and cash equivalents | $671,630 | $375,580 |
| Securities available for sale, at fair value | 1,850,581 | 1,804,228 |
| Securities held to maturity, at amortized cost (fair value $32,180 and $31,425, respectively) | 35,440 | 36,591 |
| Federal Reserve Bank and Federal Home Loan Bank Stock, at cost | 23,694 | 28,210 |
| Loans held for sale | 69,518 | 77,779 |
| Loans and leases | 4,426,281 | 4,366,116 |
| Allowance for credit losses | (53,785) | (49,705) |
| Accrued interest receivable | 27,080 | 23,282 |
| Premises, furniture, and equipment, net | 38,270 | 39,160 |
| Rental equipment, net | 228,916 | 211,750 |
| Goodwill and intangible assets | 329,241 | 330,225 |
| Other assets | 280,571 | 292,327 |
| Total assets | $7,927,437 | $7,535,543 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| LIABILITIES | ||
| Deposits | $6,936,055 | $6,589,182 |
| Short-term borrowings | — | 13,000 |
| Long-term borrowings | 33,614 | 33,873 |
| Accrued expenses and other liabilities | 228,486 | 248,863 |
| Total liabilities | 7,198,155 | 6,884,918 |
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, 3,000,000 shares authorized, no shares issued, none outstanding at December 31, 2023 and September 30, 2023, respectively | — | — |
| Common stock, $0.01 par value; 90,000,000 shares authorized, 26,099,348 and 26,225,563 shares issued, 25,988,230 and 26,183,583 shares outstanding at December 31, 2023 and September 30, 2023, respectively | 260 | 262 |
| Common stock, Nonvoting, $0.01 par value; 3,000,000 shares authorized, no shares issued, none outstanding at December 31, 2023 and September 30, 2023, respectively | — | — |
| Additional paid-in capital | 629,737 | 628,500 |
| Retained earnings | 293,463 | 278,655 |
| Accumulated other comprehensive loss | (188,433) | (255,443) |
| Treasury stock, at cost, 111,118 and 41,980 common shares at December 31, 2023 and September 30, 2023, respectively | (5,235) | (344) |
| Total equity attributable to parent | 729,792 | 651,630 |
| Noncontrolling interest | (510) | (1,005) |
| Total stockholders’ equity | 729,282 | 650,625 |
| Total liabilities and stockholders’ equity | $7,927,437 | $7,535,543 |
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