Pathward net income falls 31% to $29.0M as credit costs triple and nonperforming assets more than double

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Sep 16, 2025 · ~1 min read

Key Changes

• high

  Net income fell, or $1.37 per diluted share, from $42.1M, or $1.81, a year earlier, driven by a higher provision for credit losses and lower net interest margin.

  MD&A: Net income verify on EDGAR →
• high

  Nonperforming assets more than doubled to $277.5M, or 3.79% of total assets, from $101.7M, or 1.42%, at fiscal year-end 2025, concentrated in commercial finance nonaccrual loans tied to renewable energy construction projects with a common developer.

  MD&A: Asset quality verify on EDGAR →
• high

  Net interest margin compressed 84 basis points to 6.59% from 7.43%, primarily due to the October 2025 sale of the consumer finance portfolio, which removed high-yield assets.

  MD&A: NIM verify on EDGAR →