Meta Financial Group, Inc. Reports Earnings Results for the Fourth Quarter Ended September 30, 2020
October 28, 2020 at 04:22 pm EDT
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Meta Financial Group, Inc. announced earnings results for the fourth quarter ended September 30, 2020. For the fourth quarter, the company announced net income was USD 13.158 million compared to USD 20.195 million a year ago. Basic earnings per share was USD 0.38 compared to USD 0.53 a year ago. For the full year, net income was USD 104.720 million compared to USD 97.004 million a year ago. Basic earnings per share was USD 2.94 compared to USD 2.49 a year ago.
Pathward Financial, Inc. is a financial holding company. The Company'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.
PATHWARD FINANCIAL, INC. 
