Pathward Financial Results Presentation Deck
Loan Portfolio
Interest Rate
Sensitivity
HIGHLIGHTS
As of September 30, 2023, $1.5B, or 30% of loans
and leases contained floating or variable interest rates.
Of these, $0.9B are tied to Fed Funds or Prime, with
the remaining tied to either LIBOR, SOFR or the CMT.
As of September 30, 2023, all variable loans with
floors were at or above their floors.
Due to the recent sharp rise in interest rates, asset mix
changes and overall market conditions, a continued
lag is expected before new and existing loans fully
reprice.
23
Pathward Financial, Inc. (Nasdaq: CASH) | Quarterly Investor Presentation
6.98%
3.77%
3.77%
7.00%
4Q20
4.65%
4.64%
6.74%
3.07%
3.06%
Total Loan and Lease Portfolio
Pricing Attributes¹
1Q21 2Q21
6.90% 6.93% 6.96%
3.75%
Fixed Rate > 1 Year
Fixed Rate < 1 Year
Floating or Variable
1 Fixed rate loans and leases are shown for contractual periods.
Net Interest Margin and Loan Yields
3.75%
22%
4.35%
4.34%
35%
4.59%
C
4.59%
1
7.22%
4.80%
4.79%
43%
1Q22 2Q22
6.69%
4.76%
4.62%
3Q21 4Q21
NIM
Adjusted NIM
-Loan Yields
1 Declines in NIM in FY21 associated with elevated cash balances from government stimulus programs
2 Adjusted NIM includes contractual card processing expenses associated with higher interest rates
3Q22
7.12%
2
5.21%
4.73%
7.70%
5.62%
4.68%
8.47% 8.31%
8.33%
6.12% 6.18% 6.19%
4.89%
4.88% 4.87%
4Q22 1Q23 2Q23 3Q23 4Q23
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