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Stock impact report

Pathward Financial: Credit Deterioration Is Concerning (Downgrade) [Seeking Alpha]

Pathward Financial, Inc. (CASH) 
Last pathward financial, inc. earnings: 4/22 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: metafinancialgroup.com/investor-overview
Company Research Source: Seeking Alpha
Despite stable capital ratios and aggressive buybacks, NPLs have nearly tripled to 2.39%, with reserves now covering less than 1x NPLs. Loan growth remains robust, but underwriting standards appear lax, increasing exposure to riskier credits as government guarantees decline. At 10x earnings, valuation is seen as full; a more attractive entry would be near $70 or 8x earnings given elevated credit risk. may1985/iStock via Getty Images Shares of Pathward Financial ( CASH ) have been a moderate performer over the past year, up 11% but lagging the market's more substantial recovery. Shares fell sharply after the company reported Q1 earnings. While results were broadly in line with expectations, credit trends continue to Show less Read more
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