Pathward Financial Results Presentation Deck
STRONG CAPITAL AND SOURCES OF LIQUIDITY
REGULATORY CAPITAL AS OF DECEMBER 31, 2020
At December 31, 2020¹
Tier 1 Leverage
Tier 1 Leverage - EIP-adjusted²
Common Equity Tier 1
Tier 1 Capital
Total Capital
●
●
●
Meta Financial Group, Inc. MetaBank, N.A.
8.62%
9.61%
12.91%
12.93%
14.19%
7.40%
N/A
10.76%
11.11%
14.18%
MetaBank EIP-adjusted Tier 1 Leverage of 9.61% better reflects the
balance sheet reducing the impact from the temporary EIP card-
related balances.
MetaBank remains well-capitalized. Granted temporary exemption
from meeting certain capital leverage ratios by the OCC, related to
participation in distributing EIP cards.
Repurchased 1,864,474 shares at a weighted average price of
$29.46 during the 2021 first fiscal quarter. As of January 20, 2021,
approximately 2 million shares remain under current authorization.
Primary & Secondary Liquidity Sources ($ in millions)
Cash and Cash Equivalents
Unpledged Investment Securities
FHLB Borrowing Capacity
Funds Available through Fed Discount Window
PPP Loan Collateral
Unsecured Lines of Credit
$1,585
$90
$970
$340
$190
$1,265 $1,535
-
1
Regulatory capital reflects the Company's election of the five-year CECL transition for regulatory capital purposes.
2 Non-GAAP measure, see appendix for reconciliations.
23
8.28%
CAPITAL RATIO TRENDS
Tier 1 Leverage Ratio
9.70%
1020
7.28%
12.74% 12.90%
1Q20
8.52%
2020
5.91%
13.61% 13.69%
2Q20
6.89%
3Q20
Total Capital Ratio
Meta Financial Group, Inc.
14.99% 15.12%
6.58%
3Q20
QUARTERLY INVESTOR UPDATE | FIRST QUARTER FISCAL YEAR 2021 | NASDAQ: CASH
7.56%
4Q20
7.40%
15.30% 15.26%
4Q20
8.62%
1021
14.18% 14.19%
1021
MetaBank, N.A.
Minimum Requirement to be Well-Capitalized under
Prompt Corrective Action Provisions
5%
10%View entire presentation