Pathward Financial Results Presentation Deck
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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
1Q24View entire presentation