Meta Financial Group, Inc. Provides Earnings Guidance for the Full Year Fiscal 2020; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2019
January 29, 2020 at 09:15 pm
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Meta Financial Group, Inc. provided earnings guidance for the full year fiscal 2020. The company expects full-year fiscal 2020 GAAP earnings per common share to range between $3.58 to $3.78. When excluding an expected gain on sale of the Community Bank division and the net financial impact of the sale of foreclosed property, the company expects full-year fiscal 2020 EPS to range between $3.30 and $3.50.
The company reported net charge-offs were $2.4 million for the quarter ended December 31, 2019 compared to $0.8 million for the quarter ended December 31, 2018.
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.
Meta Financial Group, Inc. Provides Earnings Guidance for the Full Year Fiscal 2020; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2019
PATHWARD FINANCIAL, INC. 
