Pathward Financial Results Presentation Deck
FORWARD-LOOKING STATEMENTS
This investor update contains "forward-looking statements" which are made in good faith by 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; expectations in connection with the impact of the ongoing
COVID-19 pandemic and related government actions on our business, our industry and the capital markets; customer retention; loan and other product demand;
expectations concerning acquisitions and divestitures; new products and services, including those offered by Meta Payment Systems, Refund Advantage, EPS
Financial and Specialty Consumer Services divisions; credit quality; the level of net charge-offs and the adequacy of the allowance for loan and lease losses;
technology; and the Company's 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: 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 deployment and efficacy of the COVID-19 vaccines, or other unusual and infrequently occurring
events; actual changes in interest rates and the Fed Funds rate; additional changes in tax laws; the strength of the United States' economy, in general, and the
strength of the local economies in which the Company operates; changes in, trade, monetary, and fiscal policies and laws, including interest rate policies of the
Federal Reserve; inflation, market, and monetary fluctuations; the timely and efficient development of, and acceptance 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 of these products and
services by users; the risks of dealing with or utilizing third parties, including, in connection with the Company's refund advance business, the risk of reduced
volume of refund advance loans as a result of reduced customer demand for or usage of the Company's strategic partners' refund advance products; our
relationship with, and any actions which may be initiated by, our regulators; the impact of changes in financial services laws and regulations, including, but not
limited to, laws and regulations relating to the tax refund industry and the insurance premium finance industry and recent and potential changes in response to the
COVID-19 pandemic such as the CARES Act and the rules and regulations that may be promulgated thereunder; technological changes, including, but not limited
to, the protection 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 MetaBank of its status as a well-capitalized institution, changes in consumer spending and saving habits;
the impact of our participation as prepaid card issuer for the Economic Impact Payment ("EIP") program and potential similar programs in the future, losses from
fraudulent or illegal activity, technological risks and developments and cyber threats, attacks or events; 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, 2020 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 update. 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.
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QUARTERLY INVESTOR UPDATE | SECOND QUARTER FISCAL YEAR 2021 | NASDAQ: CASHView entire presentation