Pathward Financial Results Presentation Deck

Low-cost Deposits HIGHLIGHTS Pathward's BaaS business generates fee income and low-cost deposits leading to high levels of noninterest- bearing deposits (96% of total deposits). The BaaS business' ability to attract and maintain these low-cost deposits provides a powerful competitive advantage. Noninterest-bearing deposits as a percentage of total deposits has increased every year since 2018, from 54% in 4Q18 to 96% as of 1Q23. $2.23 billion of off-balance sheet customer deposits currently held in custody at program banks. These off- balance sheet deposits earn recordkeeping service fee income, typically reflective of the Effective Fed Funds Rate. 1Q23 deposits elevated due to seasonal holiday- related gift cards and other products. 12 Pathward Financial, Inc. (Nasdaq: CASH) | Quarterly Investor Presentation End of Period Deposits ($B) 1.3 2013 1.4 2014 1.7 96.37% 2015 2.4 Deposit Breakdown 3.2 2016 2017 Deposits held on Balance Sheet 4.4 2018 3.51% 0.12% 4.3 ■ Non Interest Bearing Deposits ■ Interest Bearing Non- Time Deposits ■ Time Deposits 5.0 7.1 2020 5.5 2021 2019 Total Deposits, including those held at program banks 7.2 5.9 2022 8.0 5.8 1Q23 pathward

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