Tranche Update on Meta Financial Group, Inc.'s Equity Buyback Plan announced on November 20, 2019.
April 22, 2020 at 08:18 pm EDT
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From January 1, 2020 to March 31, 2020, the company has repurchased 2,592,381 shares, representing 6.97% for $84.2 million. With this, the company has completed the repurchase of 3,089,553 shares, representing 8.29% for $101.67 million under the buyback announced on November 20, 2019.
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. 
