Pathward Financial reports Q2 EPS $3.35, consensus $3.35

Reports Q2 revenue $276.3M, which was driven by a 9% increase in noninterest income. EO Brett Pharr said, “At the midpoint of our fiscal year, we continue to make good progress on our goals and execute on our long-term strategy – being the trusted platform that enables our partners to thrive. Our tax season is going very well with tax-related products leading the way in revenue growth for the quarter. Additionally, new and existing partnerships announced last year are developing nicely and the Partner Solutions pipeline remains robust. Net interest income from our commercial finance loans also increased significantly as well. All in all, our core businesses remain healthy and we are pleased with the results achieved in the quarter.”