Pathward Financial Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto. Commission File Number:0-22140 5501 South Broadband Lane, Sioux Falls, South Dakota 57108(Address of principal executive offices and Zip Code) (877) 497-7497(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the Registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "acceleratedfiler," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act: Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable Class:Common Stock, $.01 par valueNonvoting Common Stock, $.01 par value Outstanding at January28, 2026:21,763,685Shares0Nonvoting shares PATHWARD FINANCIAL, INC.FORM 10-Q Table of Contents PART I - FINANCIAL INFORMATIONItem 1.Financial Statements Condensed Consolidated Statements of Financial Condition as of December 31, 2025 andSeptember 30, 2025 Condensed Consolidated Statements of Operations for the Three Months Ended December 31,2025 and 2024 Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three MonthsEnded December 31, 2025 and 2024 Condensed Consolidated Statements of Cash Flows for the Three Months Ended December 31,2025 and 2024 Notes to Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II - OTHER INFORMATION Item 1.Legal Proceedings52Item 1A.Risk Factors52Item 2.Unregistered Sales of Equity Securities and Use of Proceeds52Item 3.Defaults Upon Senior Securities52Item 4.Mine Safety Disclosures52Item 5.Other Information52Item 6.Exhibits53SIGNATURES54 PATHWARD FINANCIAL, INC. AND SUBSIDIARIESCondensed Consolidated Statements of Financial Condition (Dollars in thousands, except per share data)December 31, 2025September 30, 2025ASSETS(Unaudited)(Audited)Cash and cash equivalents$331,217$120,568Securities available for sale, at fair value1,310,0471,327,843Securities held to maturity, at amortized cost (fair value $25,089 and $25,653, respectively)28,66229,308Federal Reserve Bank and Federal Home Loan Bank Stock, at cost24,31024,708Loans held for sale87,969179,421Loans and leases4,982,8554,664,908Allowance for credit losses(58,840)(53,319)Accrued interest receivable36,17438,520Premises, furniture, and equipment, net42,37040,632Rental equipment, net154,533159,446Goodwill and intangible assets309,712310,430Other assets311,196329,879Total assets$7,560,205$7,172,344 PATHWARD FINANCIAL, INC. AND SUBSIDIARIESCondensed Consolidated Statements of Comprehensive Income (Unaudited) PATHWARD FINANCIAL, INC. AND SUBSIDIARIESCondensed Consolidated Statements of Cash Flows (Unaudited) PATHWARD FINANCIAL, INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements NOTE 1. BASIS OF PRESENTATION The interim unaudited Condensed Consolidated Financial Statements contained herein should be read in conjunction withthe audited consolidated financial statements and accompanying notes to the consolidated financial statements for thefiscal year ended September30, 2025 included in Pathward Financial, Inc.’s ("Pathward Financial" or the “Company")Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on November25, 2025.Accordingly, footnote disclosures which would substantial