Pathward Financial Results Presentation Deck
PAYMENTS BUSINESS UPDATE
• Selected as the prepaid debit card issuer for Economic Impact
Payments as Treasury's financial agent.
Disbursed $24.15 billion for the three rounds of EIP on 16.5 million Bank-
issued prepaid debit cards.
As of April 21, 2021, $5.34 billion remained outstanding, $131 million on
the Company's balance sheet.
●
Demonstrates Meta's ability to work with large-scale programs in an
efficient and effective manner.
Total average payments deposits were up 181% year-over-year.
Deposit growth largely associated with government stimulus programs
and is expected to be temporary in nature.
13
$2.45
2018
Average Payments Deposits
($ in billions)
EIP Card
Balances
$2.71
$4.55
$0.98
$3.57
$3.31
2020
$9.29
2Q20
$2.86
EIP Card:
Balances
$6.43
Payments Card and Deposit Fee Income Breakout
Second Quarter Fiscal 2021
12%
8%
■ Prepaid Deposit Banking Services
Banking Services includes ATM, ACH/Faster Payments, Merchant Acquiring
$23.2
2Q20
"
Payments Card and Deposit Fee Income
($ in millions)
21%
9%
$21.3
■
Percent of Total Revenue
20%
3Q20
83%
$21.4
2019
2Q21
Quarter Average
Fiscal Year Average
QUARTERLY INVESTOR UPDATE | SECOND QUARTER FISCAL YEAR 2021 | NASDAQ: CASH
4Q20
20%
$22.6
1Q21
16%
$29.9
2Q21View entire presentation