Pathward Financial, Inc. Reports Net Charge-Offs for the First Quarter Ended December 31, 2023
January 24, 2024 at 04:11 pm EST
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Pathward Financial, Inc. reported net charge-offs for the first quarter ended December 31, 2023. For the quarter, the company reported net charge-offs of $5.5 million compared to $3.2 million for the quarter ended December 31, 2022.
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. 
