Pathward Financial Investor Presentation Deck
FORWARD LOOKING STATEMENTS
This investor update contains "forward-looking statements" which are made in good faith by Meta Financial Group, Inc. (the "Company") pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by words such as "may," "hope," "will," "should," "expect,"
"plan," "anticipate," "intend," "believe," "estimate," "predict," "potential," "continue," "could," "future," or the negative of those terms, or other words of similar meaning or
similar expressions.
These forward-looking statements are based on information currently available to us and assumptions about future events, and include statements with respect to the
Company's beliefs, expectations, estimates, and intentions, which are subject to significant risks and uncertainties, and are subject to change based on various factors, some
of which are beyond the Company's control. Such risks, uncertainties and other factors may cause our actual growth, results of operations, financial condition, cash flows,
performance and business prospects and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Such statements
address, among others, the following subjects: future operating results; our ability to remediate the material weakness in our internal controls over financial reporting and
otherwise maintain effective internal controls over financial reporting; the expected impact of the ongoing COVID-19 pandemic and related governmental actions on our
business, industry, and the capital markets; customer retention; expectations regarding the ability of the Company and its wholly-owned subsidiary MetaBank, N.A. (the
"Bank") to meet minimum capital ratios and capital conservation buffers; loan and other product demand; expectations concerning acquisitions and divestitures; new products
and services; credit quality; the level of net charge-offs and the adequacy of the allowance for credit losses; technology; and management and other employees. The following
factors, among others, could cause the Company's financial performance and results of operations to differ materially from the expectations, estimates, and intentions
expressed in such forward-looking statements: successfully transitioning and maintaining our executive management team; expected growth opportunities may not be realized
or may take longer to realize than expected; the potential adverse effects of the ongoing COVID-19 pandemic and any governmental or societal responses thereto including
the efficacy of the COVID-19 vaccines, or other unusual and infrequently occurring events; successfully completing our announced rebranding and our ability to achieve brand
recognition equal to or greater than we currently enjoy; changes in tax laws; the strength of the United States' economy, and the local economies in which the Company
operates; changes in trade, monetary, and fiscal policies and laws, including actual changes in interest rates and the Fed funds rate; inflation, market, and monetary
fluctuations; the timely and efficient development of new products and services offered by the Company or its strategic partners, as well as risks (including reputational and
litigation) attendant thereto, and the perceived overall value and acceptance of these products and services by users; the Bank's ability to maintain its Durbin Amendment
exemption; the risks of dealing with or utilizing third parties, including, in connection with the Company's tax refund advance business; the risk of reduced volume of refund
advance loans as a result of reduced customer demand for or usage of Meta's strategic partners' refund advance products; our relationship with, and any actions which may
be initiated by our regulators; changes in financial services laws and regulations, including laws and regulations relating to the tax refund industry and the insurance premium
finance industry and recent and potential changes in response to the ongoing COVID-19 pandemic; technological changes, including, but not limited to, the security of our
electronic systems and information; the impact of acquisitions and divestitures; litigation risk; the growth of the Company's business, as well as expenses related thereto;
continued maintenance by the Bank of its status as a well-capitalized institution; changes in consumer spending and saving habits; losses from fraudulent or illegal activity;
technological risks and developments, and cyber threats, attacks or events; and the success of the Company at maintaining its high quality asset level and managing and
collecting assets of borrowers in default should problem assets increase. and the other factors described under the caption "Risk Factors" and in other sections of the
Company's Annual Report on Form 10-K for the Company's fiscal year ended September 30, 2021 and in other filings made by the Company with the Securities and Exchange
Commission ("SEC").
The forward-looking statements included herein speak only as of the date of this investor presentation. The Company expressly disclaims any intent or obligation to update any
forward-looking statements, whether written or oral, that may be made from time to time by or on behalf of the Company or its subsidiaries, whether as a result of new
information, changed circumstances or future events or for any other reason.
Meta Financial Group, Inc. (NASDAQ: CASH) | Investor Presentation
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