Pathward Financial Results Presentation Deck slide image

Pathward Financial Results Presentation Deck

■ ■ ■ DEPOSITS Pathward's BaaS business generates fee income and stable deposits. Ability to attract and maintain these deposits provides a powerful competitive advantage. Noninterest-bearing deposits as a percentage of total deposits has increased from 54% in 4Q18 to 94% as of 1Q24. $1.1 billion of off-balance sheet deposits held in custody at program banks as of December 31, 2023. These off-balance sheet deposits earn recordkeeping service fee income, typically reflective of the Effective Fed Funds Rate. 19 Pathward Financial, Inc. (Nasdaq: CASH) | Quarterly Investor Presentation $1.4 END OF PERIOD DEPOSITS ($B) 2014 $1.7 2015 94.4% $2.4 DEPOSIT BREAKDOWN $3.2 $4.4 2016 2017 2018 Deposits held on Balance Sheet 5.5% 0.1% $4.3 ■ Noninterest Bearing Deposits ■ Interest Bearing Non- Time Deposits ■ Time Deposits $5.0 $7.1 $5.5 $7.2 2021 $5.9 2022 2019 2020 Total Deposits, including those held at program banks $6.9 $6.6 2023 pathward $8.0 $6.9 1Q24
View entire presentation