Pathward Financial reports Q4 EPS $1.36, consensus $1.30

Reports Q4 revenue $161M, consensus $157.15M. CEO Brett Pharr said, “During fiscal year 2023, we focused on operations across the enterprise, growing the commercial finance loan book, and working with new and existing partners to expand their product offerings. As a result, we increased net income by 5%, earnings per diluted share by 14% and expanded our return on average assets to over 2.3%. I am very pleased by everything we accomplished and look forward to furthering our progress on our three strategic initiatives this year. We are raising our guidance to a range of $6.20 – $6.70 to reflect our updated view on fiscal year 2024.”